According to Future Market Insights, the USA is likely to experience a CAGR of 11.7% with regard to bartonellosis therapeutics.
According to a recent Future Market Insights report, the global Bartonellosis Therapeutics Market Demand will increase at a CAGR of 12% between 2023 and 2033, reaching a market value of US$ 3.72 billion by the end of the assessment period. A solid product pipeline and anticipated launches are driving market expansion. Increased R&D spending by major pharmaceutical companies on orphan medication development and improved product offerings are critical industry determinants. In 2021, there were 791 prospective orphan drug applications in clinical trials for the treatment of uncommon disorders.
Because the mortality rate in the absence of therapy rises drastically, the market for bartonellosis medicines is predicted to develop throughout the forecast period. Bartonellosis enters a dormant stage, which is distinguished by the recurrence and progression of a chronic phase, the Peruvian wart. Antibiotic demand is rising as a result of an increase in cat scratch disease cases and market expansion.
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The overall population of the United Kingdom and France in 2021 will be 67,326,569 and 67,499,343, respectively, according to World Bank estimates. Because the disease's incidence is increasing, government agencies are investing in R&D approaches and encouraging the development of breakthrough antibiotics therapy, as well as supporting regulatory norms to expedite research approval and funding. BARDA, for example, has worked with the US government to assist various organisations in researching novel treatments for bartonellosis.
Key Takeaways from the Market Study
“As bacterial infections become more prevalent, healthcare practitioners are devising highly advanced and effective therapeutic approaches. This is boding well for Bartonellosis Therapeutics, paving way for the introduction of a wide range of treatment alternatives,” says an FMI analyst
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Key Market Players
Key players in the Bartonellosis Therapeutics market areAbbott, Allergan, Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Merck Sharp & Dohme Corp., Novartis AG, Sanofi, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Bayer AG, Viatris, Sun Pharmaceutical Industries Ltd., Lilly, Aurobindo Pharma, Lupin, AstraZeneca, Johnson & Johnson Private Limited, Boehringer Ingelheim International GmbH, Dr. Reddy’s Laboratories Ltd., Bristol-Myers Squibb Company.
Key Segments Profiled in the Bartonellosis Therapeutics Market Industry Survey
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Jun 29, 2023