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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Flavoxa­­te hydrochloride is a muscle relaxant with urinary antispasmodic properties. Flavoxate binds to the muscarinic receptors which suppresses micturition reflex. It helps in modifying micturition center in the brain stem by increasing capacity of the urinary bladder. Therefore, this provides relief from dysuria, urgency, nocturia, suprapubic pain, frequency, and incontinence. Manufacturers such as Epic Pharma LLC, Perrigo Company PLC, Incepta Pharmaceuticals Ltd., Recordati S.p.A, and others offer generic flavoxate hydrochloride tablets in the market.

Global Flavoxate Hydrochloride Tablets Market Drivers

Key players are focusing on manufacturing of drugs in the global flavoxate hydrochloride tablets market. Several generic players have launched their products after the patent expiration of Urispas in the year 2004, manufactured by Janssen Pharmaceuticals, Inc. For instance, companies such as Paddock Laboratories LLC and Epic Pharma LLC launched generic products for Urispas, which are cheaper than branded products in the year 2004 and 2011, respectively.

Increasing incidence of lower urinary tract dysfunction such as prolonged micturition, incomplete bladder emptying, and others are expected to support growth of the market. For instance, according to a review article by Investigative and Clinical Urology, 2017, globally, around 10% of the geriatric population is suffering from urine incontinency while it is estimated to reach 20% by 2050. According to the same source, in South Korea, in population aged 70 years above, 48% of men and 12% of women are expected to suffer from detrusor contractile dysfunction in 2017. As per the Central Medicare and Medicaid Services (CMS), U.S., around US$ 8,800 million of flavoxate hydrochloride tablets have been consumed in the year 2017 by patients in U.S. suffering from insomnia. These factors are expected to support the global flavoxate hydrochloride tablets market growth over the forecast period.

Global Flavoxate Hydrochloride Tablets Market Restraints

Following factors are expected to restrain the global flavoxate hydrochloride tablets market growth over the forecast period. New medicines have been introduced in the market which belong to different chemical class than flavoxate hydrochloride which is expected to restrain growth of the flavoxate hydrochloride market. For instance, Merck & Co. Inc., received approval for Recabrio by U.S. Food and Drug Administration (FDA) in the year 2019. Recabrio is the combination of three different drugs i.e. Imipenem (antibacterial agent), Cilastatin (dehydropeptidase inhibitor), and Relebactam (beta lactamase inhibitor), a multifunctional drug useful for the treatment of urinary tract infection while flavoxate hydrochloride is a muscle relaxant.

Global Flavoxate Hydrochloride Tablets Market Regional Analysis

North America is expected to hold dominant position in the global flavoxate hydrochloride tablets market over the forecast period, owing to the large customer base and increase in incidence of lower urinary tract dysfunction. Increasing prevalence of lower urinary tract dysfunction is expected to boost the North America flavoxate hydrochloride tablets market growth. For instance, according to the article from Neuroimmunology and Neuroinflammation, 2019, 291,000 individuals in the U.S.  were suffering from lower urinary tract dysfunction due to spinal cord injury.

According to the Arab Journal of Urology, 2019, in Europe 66% of women were suffering from lower urinary tract dysfunction mainly due to reasons such as nocturia, urgency, and urinary tract infections. According to the Hong Kong Medical journal, 2019, in Asia, around, 77.8% of men and 77.3% of women over the age of 40 suffer from mild degree of lower urinary tract symptoms. The above factors are expected to support the global flavoxate hydrochloride tablets market growth over the forecast period.

Global Flavoxate Hydrochloride Tablets Market Key Players

Some of the key players operating in the global flavoxate hydrochloride tablets market are Epic Pharma LLC, Perrigo Company PLC, Manus Aktteva Biopharma LLP, Recordati S.p.A, Taj Pharmaceuticals Ltd., Trumac Healthcare, Zhejiang CONBA Pharmaceutical co., ltd., Walter Bushnell, and Cipla Inc.

Market Taxonomy

By Medicine Type

  • Branded
  • Generic

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region

  • North America
  • Latin America
  • Europe
  • Middle East
  • Asia Pacific
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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