Global Atosiban Market: Introduction
Atosiban is a combined oxytocin or vasopressin V1A antagonist. Oxytocin causes uterine contractions and helps in preterm labor. The total atosiban dose should not exceed 330 mg for an individual. Several clinical trials have been carried out to determine the efficacy and the safety of Atosiban. For instance, Atosiban versus placebo, Atosiban versus beta-mimetics, and Atosiban versus nifedipine. Currently, no side-effects have been reported. Atosiban is licenced for use as a tocolytic.
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Key Drivers of Global Atosiban Market
Prevalence of autism
According to The Centers for Disease Control and Prevention (CDC), autism prevalence increases by nearly 10% to 1 in 54 children in the U.S. In 2016, 1 in 54 children had a diagnosis of ASD by age 8, a 10% increase over 2014 when the estimate was 1 in 59.
According to The Autism Society of America, among boys aged eight years, the prevalence was 29.7 per 1,000, 4.3 times higher than the 6.9 per 1,000 prevalence among girls aged eight years. According to WHO-World Health Organization, it is estimated that worldwide one in 160 children has an Autism spectrum disorder-ASD.
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Rise in preterm labor complications
According to WHO-World Health Organization, an estimate of 15 million babies are born preterm every year, and the number continues to rise. Preterm birth complications are the leading cause of death among children under 5 years of age, responsible for approximately 1 million deaths in 2015, i.e., 1 in 10 babies. Approximately 1 million children die each year due to complications of preterm birth. More than 60% of preterm births occur in Africa and South Asia; however, preterm birth is a truly global issue. 90% of extremely preterm born in low-income countries die within the first few days of life, and less than 10% of extremely preterm babies die in high-income settings. WHO is conducting two clinical trials, called the WHO ACTION Trials (Antenatal Corticosteroids for Improving Outcomes in preterm Newborns) for women at risk of preterm birth. According to Save the Children Federation, Inc., preterm birth is a leading cause of under-5 mortality, taking nearly 1 million lives every year, with the rate of preterm birth increasing in several countries.
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North America to Account for Major Share of Global Atosiban Market
- North America is projected to account for a major share of the global Atosiban market during the forecast period. The market in the region is anticipated to expand at a rapid pace in the next few years due to an increase in research & development and technologically advanced products being introduced in the market. Europe is expected to be the second-largest market during the forecast period owing to advanced facilities provided by the hospital infrastructure in the region.
- The Atosiban Market in Asia Pacific is likely to expand at a high CAGR during the forecast period owing to the dense population and high birthrate in the region
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Key Players Operating in Global Atosiban Market
The global Atosiban market is highly consolidated owing to the presence of several key players. Leading players operating in the global Atosiban market include:
- Ferring Pharmaceuticals
- Sun Pharma
- Shanghai Soho-Yiming Pharmaceuticals
- EVER Pharma
- Hangzhou Longshine Bio-Tech
- Cayman Chemical
- Neore Pharmaceutical
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