Nocturia, a medical condition in which the patient feels the urge to urinate frequently while sleeping, is a common medical condition among elderly people. People suffering from diabetics are also highly susceptible to this condition. Key pharmaceutical companies are working continuously to develop efficient therapies for the treatment of nocturia. According to TMR Research, the worldwide nocturia market will witness a high growth rate in the years to come, owing to the rising geriatric population base across the world.
In this blog post, researchers at TMR Research answer some of the important queries about the worldwide nocturia market:
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What are the key trends in the global nocturia market?
The increase in the research and development to introduce new and effective treatment methods for nocturia is currently the main trend in the global nocturia market. Companies are investing heavily to increase R&D activities. They are also involving more and more into strategic collaborations to develop new therapies and include novel technologies in their existing drugs and treatments.
North America to Remain on Top
In terms of the geography, the global nocturia market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. With the presence of a robust medical and healthcare infrastructure, North America has been leading the global market. The presence of key players in the U.S. is also strengthening the position of the North America nocturia market. This regional market will continue to gain from the rise in the geriatric population, availability of feasible support, and the increasing government support in the years to come.
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Astellas Pharma Inc., Urigen Pharmaceuticals Inc., Allergan Inc., Vantia Therapeutics, and Dainippon Sumitomo Pharma Co. Ltd. are some of the leading companies operational in the nocturia market across the world.