Report ID: UCMIG35I2160
Report ID:
UCMIG35I2160 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
the global tuberculosis therapeutics market reached a valuation of approximately USD 2.01 billion in 2022. Over the forecast period from 2023 to 2030, the market is projected to experience a steady growth trajectory with a compound annual growth rate (CAGR) of 5.09%. This growth can be attributed to the rising prevalence of tuberculosis worldwide and the continuous efforts made by healthcare organizations and governments to combat this infectious disease. Several factors are driving the demand for tuberculosis therapeutics, including the high burden of tuberculosis in developing countries, the emergence of drug-resistant strains, and the growing population at risk due to factors like HIV co-infection and immunosuppression. Moreover, increased investments in research and development activities by pharmaceutical companies and the introduction of novel treatment options are expected to further propel market growth during the forecast period
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: UCMIG35I2160