Oxytocic Pharmaceuticals Market size was estimated at USD 196.6 Mn in 2021, growing at a CAGR of 7.2% during the forecast period 2022-2028 Precision Business Insights published a research report on “Oxytocic Pharmaceuticals Market: By Product Type (Intramuscular Injection, Intravenous Injection), By Source (Natural Oxytocin (Animal Pituitary Extracts), Synthetic Oxytocin), By End-User (Maternity Clinics, Hospitals), and Geography - Global/Region/Country Forecast to 2028". Oxytocic pharmaceuticals market is expected to grow at considerable rate during the forecast time span 2022-2028.

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 Increasing Awareness Related to Maternal Health will Propel Oxytocic Pharmaceuticals Market growth
Oxytocin is used as uterotonic reduces the hemorrhage and induces uterine contractions after C-section. It is a female reproductive hormone secreted in the hypothalamus and discharged into blood circulation during the birth of the child for inducing the milk production and labor in mothers. Oxytocic pharmaceuticals market is categorized according to end user, region, and product type and source globally. There are a number of factors that are projected to impel the oxytocic pharmaceuticals market growth such as growing consciousness about maternal health, increasing number of preterm births, rising complicated pregnancy cases in developing countries and growing labor induction rates. On the other hand, unfavorable effects involved with oxytocic drugs can hamper the oxytocic drugs marekt growth over the forecast years.

Regional Analysis - Oxytocic Pharmaceuticals Market
On the basis of regional analysis, global oxytocic pharmaceuticals market is categorized into major regions such as North America, Latin America, Europe, Middle East, Africa and Asia pacific. Oxytocic pharmaceuticals market in North America is witnessing growth owing to the factors such as increasing cases of induced labor and huge consciousness about oxytocic drugs. Europe market is witnessing profitable growth due to the increasing use of oxytocin during labor and the presence of several industries manufacturing the oxytocin drugs in the region. Oxytocic pharmaceuticals market in Asia Pacific is anticipated to record considerable growth rate because of the growing female population in the region and increasing childbirths in economies of these regions such as India and China. Oxytocic pharmaceuticals market in Latin America is witnessing significant share due to the increasing labor induction procedures and growing adolescent pregnancies in Brazil. Middle East and Africa oxytocic pharmaceuticals market growth is fuelled by the growing consciousness related to pregnancy-related problems amid healthcare experts and increasing cases of post-partum hemorrhage caused because of nutrition deficiency in pregnant women.

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Competitive Assessment
There are several key players operating in the global oxytocic pharmaceuticals market include Pfizer, Inc. (U.S.), Fresenius Kabi AG (Germany), Novartis AG (Switzerland), Cardinal Health (U.S.), Ferring Pharmaceuticals B.V. (Switzerland) and Par Pharmaceutical, Inc. (U.S.). Key players in the market aim at adopting a few efficient strategies such as acquisitions, collaborations, mergers and new product launches for the purpose of leveraging their position in the market and increasing their product collection.  They also focus on expanding their business by approving new products into the market.

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