The Preterm Birth ControlMarket was valued at US$ 1.7 billion in 2021 and is expected to reach US$ 2.8 billion by 2031. The market is expected to register a CAGR of 6.0% from 2023–2031. Introduction of novel diagnostic tests and devices is likely to remain key Preterm Birth Control Market trends.
Preterm Birth ControlMarket Analysis
Rising Need for Preterm Birth Prevention and Management Drugs
Preterm birth is when a baby is born too early, before 37 weeks of pregnancy. Also, babies born too early (before 32 weeks) have higher rates of death and disability. According to the Centers for Disease Control and Prevention (CDC) report, in 2022, preterm birth affected almost 1 in every 10 infants born in the US. Therefore, there is a rising need to manage preterm birth. For example, recommendations include progesterone treatment for women having risk of preterm delivery, therapeutic medications, and diagnostic methods. The most common medicines for preterm labor include "Antenatal corticosteroids (also called ACS)." The ACS includes medicines such as betamethasone and dexamethasone. Additionally, preterm labor can be prevented by antibiotics. Antibiotics include "Ceftriaxone," "Clarithromycin," and "Metronidazole." Therefore, through innovative therapeutics, medical devices, and screening methods preterm birth can be effectively managed thereby driving the market growth during 2021-2031.
Preterm Birth ControlMarket Overview
Technology, innovation, and smart technological solutions such as continue to influence Preterm Birth Control Market significantly. Rising need for preterm birth prevention and management drugs and rapid diagnostic tests and devicesare the most influential factors responsible for Preterm Birth Control Market growth. Innovative diagnostic tests and devices is a key trend for Preterm Birth Control Market growth. Preterm birth control product innovationswill provide lucrative market opportunity for the Preterm Birth Control Market growth.
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Preterm Birth Control Market: Strategic Insights
Market Size Value in US$ 1,190.5 Million in 2017 Market Size Value by US$ 1,809.0 Million by 2025 Growth rate CAGR of 4.9% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Preterm Birth Control Market: Strategic Insights
| Market Size Value in | US$ 1,190.5 Million in 2017 |
| Market Size Value by | US$ 1,809.0 Million by 2025 |
| Growth rate | CAGR of 4.9% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Preterm Birth ControlMarket Drivers and Opportunities
Rapid Diagnostic Tests and Devices For Preterm Birth Control to Favor Market
Preterm birth is a leading cause of infant mortality, with newborns often facing life-long issues such as breathing problems, cerebral palsy, and intellectual disabilities. Also, preterm labor accounts for huge healthcare costs. For example, in Europe, the healthcare cost associated with preterm birth control accounts for US$21.3 billion, and US$23 billion in the US. Therefore, developing innovative medical devices and diagnostic tests can overcome challenges and healthcare costs associated with preterm labor. For example, "Pregnolia System Device" manufactured by Pregnolia is a novel diagnostic device that can determine the risk of premature birth by detecting cervical tissue stiffness. The device is safe, user-friendly, and more efficient in predicting risk than current ultrasound technology devices. Additionally, PreTRM's "PreTRM Test" is the first predictive test that identifies a pregnant woman's risk of spontaneous preterm birth to improve outcomes even if they lack evident risk factors. The PreTRM Test is the only clinically validated and commercially available blood test that provides early, individualized risk assessment for spontaneous preterm birth in asymptomatic, singleton pregnancies.
Preterm Birth Control Product Innovations – An Opportunity
Healthcare delivery is rapidly developing, and manufacturers have made significant efforts in the past to expedite the speed and accuracy of diagnostic testing across healthcare settings for preterm birth. In July 2021, Organon and ObsEva announced a collaboration to develop and commercialize "Ebopiprant (OBE022)", an Investigational Agent to evaluate first-in-class treatment for preterm labor. The Ebopiprant is an investigational, orally active, selective prostaglandin F2α (PGF2α) receptor agonist evaluated as a potential treatment for preterm labor, reducing the inflammation and uterine contractions. Therefore, innovative product innovation will provide lucrative market opportunities will account considerable market share in the coming years for preterm birth control market.
Preterm Birth Control
Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Preterm Birth Control Market analysis are candidature and services.
- Based on treatment method, the Preterm Birth Control Market is divided into devices and pharmaceutical treatment. The pharmaceutical treatment segment may hold a larger market share in 2023.
Preterm Birth Control Market Share Analysis by Geography
The geographic scope of the Preterm Birth ControlMarket report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Preterm Birth Control Market. In North America, US accounts considerable share for preterm birth control. Presence of top medical device companies present in the US, therapeutic interventions, and manufacturers inorganic strategic developments are the most influential factors responsible for market growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Preterm Birth Control
Market Report Scope
Preterm Birth ControlMarket News and Recent Developments
The Preterm Birth ControlMarket is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in them market for Preterm Birth Control and strategies:
- In December 2023, Sera Prognostics Inc. announced the "Data Safety Monitoring Board (DSMB)" for the pivotal detection of Premature Risk Assessment Combined with Clinical Interventions for Improved Neonatal Outcomes (PRIME) study. The PRIME study will advance and improve to save lives and improve overall health for mothers and newborns worldwide.
Preterm Birth ControlMarket Report Coverage and Deliverables
The “Preterm Birth ControlMarket Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Treatment Method , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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