Increasing number of difficulties during childbirth is driving the market growth
Since oxytocin is frequently used to treat delivery difficulties, the number of cases of these complications has been rising over time and is expected to do so in the years to come. As a result, the market for this medication is expected to rise over the forecast period. According to the Blue Cross Blue Shield Association, women who experience difficulties throughout pregnancy are twice as likely to experience difficulties during childbirth.
According to the June 2020 publication "Trends in Pregnancy and Childbirth Complications in the U.S.", between 2014 and 2018, there was a 16.4% increase in pregnancy difficulties and a 14.2% increase in birthing complications. The Blue Cross Blue Shield Association reports that eclampsia was the birthing complication that experienced the greatest growth between 2014 and 2018. In the United States, the prevalence rate of eclampsia grew by 57.9% between 2014 and 2018, rising from 1.1 cases per 1,000 to 1.7 cases per 1,000. The frequency of other problems has also been rising, including cardiomyopathy, embolism, sepsis, and respiratory distress.
Oxytocin is becoming more and more necessary to start labor, intensify uterine contractions, and manage postpartum hemorrhage as a result of the rising number of difficulties associated with childbirth. Throughout the projected period, the rising trend of birth abnormalities is anticipated to support the oxytocin market's expansion.
Market expansion is facilitated by cooperative ventures and advancements related to oxytocin. Tonix Pharmaceuticals and Katana Pharmaceuticals, for instance, have a licensing agreement for Tonix's intranasal potentiated oxytocin, per the January 2021 update. In particular, insulin resistance, diabetes, and obesity will see a rise in the use of drugs to treat metabolic disorders. The principal indication for Tonix is migraine, although preclinical results also demonstrate the effectiveness of the intranasal oxytocin product TNX-1900 in disorders of the central nervous system. In June 2020, the company initially purchased oxytocin-potentiated therapy from Trigemina; this arrangement adds to that acquisition.
Joint ventures and partnerships connected to oxytocin provide several indications and support the growth of the oxytocin market throughout the projected timeframe. Thus, driving the oxytocin market revenue.
Oxytocin Market Segment Insights
Oxytocin Product Insights
The Oxytocin Market segmentation, based on product includes Antepartum and Postpartum. The postpartum segment dominated the market. Because postpartum oxytocin products have been shown to reduce postpartum hemorrhage, their use and applications are becoming more widely accepted worldwide as a means of reducing mother mortality.
Oxytocin Distribution Channel Insights
The Oxytocin Market segmentation, based on distribution channel, includes Hospital Pharmacies, Retail Pharmacies, Drug Stores, and Online Pharmacies. The hospital pharmacies category generated the most income. The bulk of oxytocin-related treatments are carried out in hospitals. Hospital networks also support the market for Oxytocin by increasing purchasing power, which makes them a significant Distribution Channel category.
Oxytocin Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American oxytocin market area will dominate this market. Growing national spending on personal care goods and rising awareness of pregnancy products are the main factors driving this market's expansion. An important component of the American healthcare system, maternal and child health has emerged as a result of the increased responsiveness, which has led to the success of initiatives aimed at raising public awareness about pregnancy.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe oxytocin market accounts for the second-largest market share. Throughout the projection period, Germany is anticipated to be a profitable center for oxytocin product research, development, and manufacture in the European Union due to the presence of major industry players like Novartis that have a significant research impact on the entire market structure. Further, the German oxytocin market held the largest market share, and the UK oxytocin market was the fastest growing market in the European region
The Asia-Pacific Oxytocin Market is expected to grow at the fastest CAGR from 2025 to 2034 owing to a number of variables, including growing disposable income in developing nations like China and India, an expansion of established distribution networks, and increased consumer awareness of oxytocin products as a result of forceful advertising initiatives by significant players. Moreover, China’s oxytocin market held the largest market share, and the Indian oxytocin market was the fastest growing market in the Asia-Pacific region.
The increasing recognition of oxytocin's multifaceted roles in social bonding and emotional regulation appears to be driving its application across various therapeutic domains, suggesting a burgeoning interest in its potential benefits.
National Institutes of Health (NIH)