USD 115 billion
Report ID:
SQMIG35J2030 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
119
|Figures:
77
Infectious Disease Therapeutics Market size was valued at USD 115 billion in 2019 and is poised to grow from USD 119.86 billion in 2023 to USD 166.97 billion by 2031, growing at a CAGR of 4.23% in the forecast period (2024-2031).
Infectious disease is a major cause of significant pressure in the global healthcare industry. These diseases, also known as transmissible or communicable diseases, are caused by a variety of infectious agents such as viruses, viroids, and bacteria. The introduction of various technologically advanced diagnosis and treatment options, as well as advancements in hygiene, vaccination, and antimicrobial therapy, have reduced the number of deaths caused by infectious diseases. However, the rise and re-emergence of infectious diseases have a significant impact on the global population's health outcomes. The infectious disease therapeutics market is anticipated to grow significantly over the forecast period, attributed to rising infectious disease occurrence, increased awareness about early infectious disease diagnosis, and increased research funding activities by various private and government organisations. However, the high cost of treating infectious diseases with highly developed medicines severely restricts market growth by putting additional strain on people's disposable income. The market's increasing demand for generic drugs has also hampered the growth of labelled drugs that treat infectious diseases.
US Infectious Disease Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 115 billion
Largest Segment
Drugs
Fastest Growth
Drugs
Growth Rate
4.23% CAGR
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Global Infectious Disease Therapeutics Market is segmented based on the mode of treatment, target organism, infection type, distribution channel, and region. Based on mode of treatment, global Infectious Disease Therapeutics Market is segmented into vaccines, and drugs. Based on target organism, the global Infectious Disease Therapeutics Market is segmented into antiviral, antifungal, antibacterial, anti-parasite, and others. Based on infection type, global Infectious Disease Therapeutics Market is segmented into parasitic, viral, fungal, bacterial, and others. Based on distribution channel, global Infectious Disease Therapeutics Market is segmented into hospitals, clinics, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Infectious Disease Therapeutics Market Analysis by Mode of Treatment
Based on mode of treatment, global infectious disease therapeutics market is segmented into vaccines, and drugs. Due to the increasing demand for advanced drugs in the market, the drug segment is expected to hold the largest share in the market and to grow at the fastest rate during the forecast timeframe. Because it is the most common line of treatment for these people, the large number of people in the geriatric population has emerged as a significant opportunity for the drug segment.
Vaccines are also gaining traction in the market as it has become a common entity from the time a child is born until new diseases and vaccinations are introduced into the market.
Infectious Disease Therapeutics Market Analysis by Target Organism
Based on target organism, the global infectious disease therapeutics market is segmented into antiviral, antifungal, antibacterial, anti-parasite, and others. Due to the increasing prevalence of diseases spread by bacteria, the antibacterial segment is expected to hold the largest market and grow at the fastest rate during the forecast timeframe. Furthermore, diseases like hepatitis A, influenza, tuberculosis, HIV, and hepatitis C are becoming more common. Merged as a significant opportunity for the anti-bacterial segment growth during the forecast period.
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North America held the largest global infectious disease therapeutics market share in 2021 due to the region's growing rate of infectious diseases. This region's large geriatric population has emerged as a significant growth factor for the market during the forecast period. People's increased disposable income has also become an important growth factor. The government's provision of advanced health-care facilities in the form of reimbursement policies has greatly aided market growth. Moreover, the existence of key manufacturers in the United States, as well as an increase in clinical trials for the introduction of new treatment drugs, are estimated to generate to this region's large market share.
Due to the growing occurrence of infectious diseases and increasing expenditure on the prevention and diagnosis of infectious diseases, Asia Pacific is projected to expand at the fastest CAGR during the forecast period.
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Infectious Disease Therapeutics Market Driver
Infectious Disease Therapeutics Market Restraint
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Global infectious disease therapeutics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Infectious Disease Therapeutics Market Top Player's Company Profiles
Infectious Disease Therapeutics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global infectious disease therapeutics market analysis, the increased emphasis of governments in Asia Pacific countries on infection prevention and raising funds to increase the implementation of treatments for infectious diseases is projected to drive the demand during the forecast period. The growing spread of malaria in various countries, as well as increased research and development activities, are projected to augment for infectious disease drugs, boosting market growth. However, during the analysis period, a shortage of skilled professionals may severely impede the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 115 billion |
Market size value in 2031 | USD 166.97 billion |
Growth Rate | 4.23% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Infectious Disease Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infectious Disease Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infectious Disease Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infectious Disease Therapeutics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35J2030