Industry Background:
Tuberculosis remains a global public health concern. According to the World Health Organization, in 2017, the annual incidence of Tuberculosis (TB) in India was 2.8 million cases, with an estimated 147,000 multi-drug resistant cases. India has the second highest estimation of HIV-TB co-infection 87,000 cases per year. The TB treatment drugs market is expected to witness high growth in the coming years due to development of shorter-regimen drug treatments and availability of private and public funding. About one third of the worlds's population is suffering with latent tuberculosis, people infected with mycobacterium infection have a 10% risk to fall ill with tuberculosis, however people with compromised immunity such as HIV, diabetes and tobacco addiction are at a higher risk to get tuberculosis. TB is second to HIV as it is the leading infectious killer of the adults worldwide. Apart from its health consequences, there are many economic impact of the disease which is staggering, making TB a major contributor to poverty.This growth is primarily driven by Increasing Prevalence of Tuberculosis
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Johnson & Johnson (United States), Lupin Limited (India), Pfizer Inc. (United States), Eli Lilly and Company (United States), Labatec Pharma SA (Jordan), Mylan N.V (United States), Sanofi S.A (France), Sandoz S.A (Germany), Novartis International AG (India), Macleods Pharmaceuticals (India) and Otsuka Pharmaceutical Co.Ltd. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The market is fragmented by numerous players. R&D, M&A, product launch are the key strategy adopted in the global tuberculosis diagnosis and treatment market. These players are collaborating with each other for the growth and improvement of the Tuberculosis Drugs market. For instance, In 2017, Johnson & Johnson entered into a partnership with the Institute of Microbial Technology (IMTECH), part of the Council of Scientific and Industrial Research (CSIR), to accelerate the discovery of a novel treatment for tuberculosis.
Influencing Trend:
Increasing Government and Non-government Initiatives i.e. DOTS to Eradicate Tuberculosis and Promising Pipeline for the Treatment of Tuberculosis.
Market Growth Drivers:
Increasing Prevalence of Tuberculosis and Government Initiatives to Control the Proliferation of Tuberculosis
Challenges:
Inability to Identify the Initial Symptoms of Tuberculosis
Restraints:
Lack of Awareness Regarding Tuberculosis in Emerging Economies and High-Cost Factor Associated With the Treatment of Tuberculosis May Hamper the Global Tuberculosis Treatment Drugs market.
Opportunities:
Extensive Awareness Campaigns and Initiatives by Various Governments to Curb the Risk of Tuberculosis
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Tuberculosis Drug Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Tuberculosis Drug Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Tuberculosis Drug players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tuberculosis Drug Study Sheds Light on
The Tuberculosis Drug Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Tuberculosis Drug industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tuberculosis Drug industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.