Global Methenamine Hippurate Tablets Market Size is

Houston, TX, April 14, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Methenamine Hippurate Tablets Market By Application (Healthcare-Associated UTIs And Uncomplicated UTIs), By Type (6 Tablets/ Bottle And 20 Tablets/Bottle), By Distribution Channel (Online Pharmacy, Hospital Pharmacy, And Retail Pharmacy), By End-Users (Homecare, Hospitals, Specialty Clinics, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Methenamine Hippurate Tablets Market size & share in terms of revenue was valued at USD 8.91 billion in 2022 and it is expected to surpass around USD 14.74 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.51% during the forecast period 2023 to 2030.”

What are Methenamine Hippurate Tablets? How big is the Methenamine Hippurate Tablets Industry?

Report Overview:

The global methenamine hippurate tablets market size was worth around USD 8.91 Billion in 2022 and is predicted to grow to around USD 14.74 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.51% between 2023 and 2030.

The methenamine hippurate tablets industry refers to the production and sale of methenamine hippurate tablets which are medicines used for the treatment of urinary tract infections (UTIs) that are caused by bacteria. The infection affects any part of the urinary system in human anatomy including the urethra, kidneys, ureters, and bladder. These UTI-treating tablets are also known as methenamine salts. The fraternity is responsible for the research, production, distribution, and sale of methenamine hippurate tablets. Currently, pharmaceutical companies are one of the leading contributors toward the research and development of medicines During the forecast period, the industry is expected to witness steady growth since in the last 3 years, there have been several breakthrough research activities conducted surrounding further application and development of the medication.

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Global Methenamine Hippurate Tablets Market: Growth Factors

The global methenamine hippurate tablets market is projected to grow owing to the increasing female population, which is most prone to contracting UTIs mainly due to the anatomy of the female urinary system. With the growing female population, the chances of more women contracting the disease also increase leading to higher demand in the industry. In addition to this, the infection can also be caused by certain medical conditions like diabetes, kidney stones, and urinary tract abnormality along with some types of birth control agents like diaphragms. These factors are additional contributors to the growth in the target consumer group for the fraternity.

Furthermore, the growing healthcare expenditure observed across the globe is crucial during the forecast period. The healthcare-related expenses are growing due to the increasing demand for healthcare services, the aging population, and the increasing prevalence of chronic diseases. The ongoing research activities directed toward technological advancements also work in the favor of the market size. New technologies and drug delivery systems are crucial aspects of technological growth.

While the growth rate may be steady for the methenamine hippurate tablets industry, it is also expected to encounter certain growth restrictions, especially in terms of rising concerns over the adverse effects of the medicines. Some of the side effects include gastrointestinal disturbances, skin rashes, and allergic reactions. Unless market players can provide medicines with zero unwanted medical impact, the industry may not reach its true potential. Additionally, factors such as limited awareness amongst patients especially in underdeveloped economies, availability of alternative medicines, and patent expiry are other roadblocks against the market growth.

The growing demand for preventive care may provide growth opportunities while the limited availability in developing nations could challenge market growth.

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Report Scope

Report Attribute	Details
Market Size in 2022	USD 8.91 billion
Projected Market Size in 2030	USD 14.74 billion
CAGR Growth Rate	6.51% CAGR
Base Year	2022
Forecast Years	2023-2030
Key Market Players	Almirall, S.A., Mylan N.V., Merck & Co., Inc., Cadila Healthcare Ltd., Pfizer Inc., Dr. Reddy's Laboratories Ltd., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., West-Ward Pharmaceuticals Corp., Abbott Laboratories, Glenmark Pharmaceuticals Ltd., Bausch Health Companies Inc., Procter & Gamble Co., Jubilant Life Sciences Ltd., Lupin Pharmaceuticals, Inc., Cipla Ltd., Amneal Pharmaceuticals LLC., Allergan plc., Novartis AG., and Sanofi S.A.
Key Segment	By Application, By Type, By Distribution Channel, By End-Users, And By Region
Major Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options	Request customized purchase options to meet your research needs. Explore purchase options

Methenamine Hippurate Tablets Market: Segmentation Analysis

The global methenamine hippurate tablets market is segmented based on application, type, distribution channel, end-users, and region.

Based on application, the global market segments are healthcare-associated UTIs and uncomplicated UTIs. In 2022, the industry registered the highest growth in the uncomplicated UTIs segment. This is mainly because this type of infection is generally caused by bacteria which can be treated with methenamine hippurate tablets since the bacteria is susceptible to the medicines and can be treated with it alone. However, healthcare-associated UTIs are generally caused by more serious conditions and may be the result of antibiotic-resistant bacteria. In such cases, medical professionals may prescribe the tablet in combination with other antibiotics. In the United States, UTIs are estimated to be responsible for over 8.1 million medical visits every year.

Based on type, the methenamine hippurate tablets industry divisions are 6 tablets/ bottle and 20 tablets/bottle. In 2022, the industry witnessed the highest growth in the 20 tablets/bottle segment since this type of medication is more common in people who may be in need of long-term UTI prophylaxis. Since the number of tablets in this segment is more, the entire treatment plan may be more cost-effective as compared to bottles with a lesser number of tablets. The 6 tablets/bottle segment is more commonly used for patients who require shorter UTI prophylaxis or people who prefer smaller sizes for better portability. The average cost of these tablets with all dosages and packaging sizes combined is around $32 USD per 100 tablets.

Based on distribution channel, the industry divisions are online pharmacy, hospital pharmacy, and retail pharmacy.

The global Methenamine Hippurate Tablets market is segmented as follows:

By Application

Healthcare-associated UTIs
Uncomplicated UTIs

By Type

6 Tablets/ Bottle
20 Tablets/Bottle

By Distribution Channel

Online Pharmacy
Hospital Pharmacy
Retail Pharmacy

By End-Users

Homecare, Hospitals
Specialty Clinics
Others

Browse the full “Methenamine Hippurate Tablets Market By Application (Healthcare-associated UTIs and Uncomplicated UTIs), By Type (6 Tablets/ Bottle and 20 Tablets/Bottle), By Distribution Channel (Online Pharmacy, Hospital Pharmacy, and Retail Pharmacy), By End-Users (Homecare, Hospitals, Specialty Clinics, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”- Report at https://www.zionmarketresearch.com/report/methenamine-hippurate-tablets-market

Competitive Landscape

Some of the main competitors dominating the global Methenamine Hippurate Tablets market include -

Almirall
S.A.
Mylan N.V.
Merck & Co. Inc.
Cadila Healthcare Ltd.
Pfizer Inc.
Dr. Reddy's Laboratories Ltd.
Teva Pharmaceutical Industries Ltd.
Sun Pharmaceutical Industries Ltd.
West-Ward Pharmaceuticals Corp.
Abbott Laboratories
Glenmark Pharmaceuticals Ltd.
Bausch Health Companies Inc.
Procter & Gamble Co.
Jubilant Life Sciences Ltd.
Lupin Pharmaceuticals Inc.
Cipla Ltd.
Amneal Pharmaceuticals LLC.
Allergan plc.
Novartis AG.
Sanofi S.A.

Key Insights from Primary Research:

According to the analysis shared by our research forecaster, the Methenamine Hippurate Tablets market is likely to expand at a CAGR of around 6.51% during the forecast period (2023-2030).
In terms of revenue, the Methenamine Hippurate Tablets market size was valued at around US$ 8.91 billion in 2022 and is projected to reach US$ 14.74 billion by 2030. The market is projected to grow at a significant rate due to the growing prevalence of UTIs
Based on distribution channel segmentation, hospital pharmacy was predicted to show maximum market share in the year 2022
Based on application segmentation, uncomplicated UTIs was the leading application in 2022
On the basis of region, North America was the leading revenue generator in 2022

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Key Offerings:

Market Size & Forecast by Revenue | 2023−2030
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis By Application, By Type, By Distribution Channel, By End-Users, And By Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America is expected to lead the global methenamine hippurate tablets market owing to the high awareness rate amongst the population about the benefits of using the medication. Furthermore, the presence of key pharmaceutical industry players who are regularly investing in the development of new methenamine hippurate-based products is expected to work in the favor of the regional industry. In Europe, the growth may be driven by the rising demand for preventive care as well as the growing demand for over-the-counter medications. Africa may not register high CAGR mainly due to a lack of awareness and the absence of adequate medical architecture in the region along with a lack of financial assistance leading to many people not having proper access to medical treatments.

By Region

North America
- U.S.
- Canada
- Rest of North America
Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

Recent Developments

In March 2022, Hospital Pharmacy Europe posted a review on methenamine hippurate. In the post, they confirmed that the effectiveness of the methenamine hippurate medication is similar to low-dose prophylactic antibiotics for treating or preventing recurrent urinary tract infections
In May 2019, The Medicine Products Agencies in Denmark, Sweden, and the United Kingdom approved the pharmaceutical Methenamine hippurate EQL Pharma, tablet 1g for commercial purposes

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FREQUENTLY ASKED QUESTIONS

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Which key factors will influence methenamine hippurate tablets market growth over 2023-2030?
What will be the value of the methenamine hippurate tablets market during 2023-2030?
What will be the CAGR value of the methenamine hippurate tablets market during 2023-2030?
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