Oxytocin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Indication (Antepartum, Postpartum), By Distribution Channel (Offline, Online), And By Geography - Forecasts From 2021 To 2026

The oxytocin market is evaluated at US$25.242 million for the year 2019 growing at a CAGR of 5.46% reaching the market size of US$36.628 million by the year 2026.

Oxytocin is a hormone that is given to women during pregnancy generally when there are childbirth complications in order to induce labor or support and make the uterine contractions strong. The prevalence of childbirth complications has been increasing over the years and is expected to propel the growth of the oxytocin market during the forecast period. Furthermore, the increasing access to hospitals and medical facilities is leading to a higher number of women giving birth in hospitals now, which is further expected to boost the market growth of oxytocin during the assessment period. However, the partial ban on oxytocin by various countries is projected to hamper the market growth in the coming years.

The recent outbreak of the novel coronavirus disease had a positive impact on the oxytocin market. COVID-19 increases the risk of childbirth complications in mothers who were infected with COVID-19 during pregnancy. This led to an increased need for oxytocin for mothers infected with COVID-19 and led to a surge in the market growth for oxytocin during the pandemic.

Growing cases of childbirth complications

The cases of childbirth complications have been increasing over the years and are projected to continue growing in the coming years as well, which is anticipated to bolster the growth of the oxytocin market during the forecast period, as the medicine is widely used in childbirth complications. The Blue Cross Blue Shield Association states that women with pregnancy complications have twice the chance of having childbirth complications as well. As per the report titled "Trends in Pregnancy and Childbirth Complications in the U.S." published in June 2020, pregnancy complications have increased by 16.4% and childbirth complications have increased from 14.2% during the period from 2014 to 2018. The childbirth complication with the highest growth between 2014 and 2018 was eclampsia, as per the Blue Cross Blue Shield Association. The prevalence rate of eclampsia in the United States has increased from 1.1 per 1,000 cases to 1.7 per 1,000 cases, witnessing a growth of 57.9% between 2014 and 2018. Other complications such as cardiomyopathy, embolism, sepsis, and respiratory distress have also been witnessing growth in their prevalence. The growing cases of childbirth complications are leading to an increased need for oxytocin to induce labor or strengthen uterine contractions, or control bleeding after childbirth. The growing trend of childbirth defects is expected to continue supplementing the market growth of oxytocin during the forecast period.

North America to hold a significant market share

Geographically, the North American region is anticipated to hold a significant market share owing to the presence of an advanced healthcare system and high awareness in the region regarding pregnancy and childbirth complications. The Asia Pacific region is anticipated to witness substantial growth due to increasing access to medical facilities for pregnant women.

Oxytocin Market Scope:

Segmentation

• By Indication
  • Antepartum
  • Postpartum
• By Distribution Channel
  • Offline
  • Online
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others