According to the report, the global Vulvodynia Treatment Market is expected to register a CAGR of 6.3% over the forecast period of 2022 and 2028. The market was worth US$ 4,261.2 Mn in 2021 and is expected to rise to a valuation of US$ 8 Bn by the end of 2028.
A brand-new market research study on vulvodynia treatments has been released by Future Market Insights (FMI). “Vulvodynia Treatment Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028” is the title of the report. According to the report, a recent Harvard study found that about 6 million American women had vulvodynia. A startling 40% of patients report having not received a diagnosis despite visiting three or more healthcare professionals, according to more than 60% of respondents.
40% of women with unpleasant symptoms, according to this survey, did not even seek medical attention. Organizations like the National Vulvodynia Association (NVA) are essential in raising awareness about the therapy for vulvodynia. The National Vulvodynia Association (NVA) has announced the beginning of the “Indivisible: Breaking the Silence” campaign, which encourages vulvodyniacs to speak out in order to speed up diagnosis and treatment.
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Companies are searching for therapies and medications that might lessen the pain associated with vulvodynia in order to meet the needs of the expanding patient population. They are making investments in R&D as well as mergers and acquisitions to achieve this.
For instance, in January 2016, Merck & Co. Inc., acquired IOmet Pharma Ltd., a privately held U.K.-based drug discovery company focused on the development of innovative medicines for the treatment of cancer. The other leading companies operating in the market are Eli Lilly and Company, AstraZeneca Plc., GlaxoSmithKline Plc., Pfizer Inc., Johnson & Johnson Services, Inc., and Allergan plc, among others.
Growing Adoption to Augur Well for Global Market Revenue Growth
Early identification and therapy have become common due to the rising number of vulvodynia patients and the severe nature of persistent vulvar pain. The effectiveness of medications used to treat vulvodynia, including pills, injections, and lotions, has increased in popularity. Additionally, as medical therapies for vulvodynia become more widely used, sales of hormones, local anaesthetics, and antidepressants have increased.
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Additionally, encouraging compensation practises in the majority of industrialised nations are anticipated to contribute to the expansion of the global market for vulvodynia treatments. On the other hand, a major reason driving the growth of the vulvodynia treatment market is the increasing prevalence of the vulvodynia disease among women around the world. Worldwide and in the United States, vulvodynia is a highly frequent illness. However, the illness continues to be poorly diagnosed and, in some situations, ineffectively treated.
Lethargic Research and Development for Vulvodynia Treatment Drugs to Slow Down Market Growth
Owing to the absenteeism of detailed information by patients, ignorance of the cause of vulvar pain, and satisfactory results of anticonvulsants and tricyclic antidepressants, researchers are unable to unveil the exact cause of vulvodynia and thereby the R&D on vulvodynia drugs is limited. After anticonvulsants and tricyclic antidepressants, only serotonin and norepinephrine reuptake inhibitors (SNRIs) drugs have showed positive results. Furthermore, if observed, the research and development for vulvodynia treatment is also in a very sluggish phase.
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