Report ID: UCMIG35I2119
Report ID:
UCMIG35I2119 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size for treating neglected tropical diseases (NTDs) was estimated to be USD 1.2 billion in 2018 and is projected to expand at a CAGR of 5.5% during the forecast period. The formal inclusion of NTDs as a worldwide goal in the Sustainable Development Goals (SDG), an initiative of the United Nations Development Programme, is projected to spur market expansion. It is anticipated that the increase in NTD-focused programmes will have a favourable effect on the market. For instance, the Global Programme to Eliminate Lymphatic Filariasis (GPELF) was started by the WHO in 2000 with the goal of curing the illness by 2020. The objectives of this programme are to stop the disease from spreading and to lessen the suffering of those who have already been afflicted.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2119