About Tuberculosis Treatment Drugs
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
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 & Treatment 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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Tuberculosis Treatment Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson & Johnson Inc. (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), Eli Lilly (United States) and Novartis (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Novartis International AG (India), Macleods Pharmaceuticals (India), Otsuka Pharmaceutical Co.Ltd. (Japan), AbbVie Inc. (United States) and Takeda Pharmaceutical Company Limited (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Tuberculosis Treatment Drugs market by Type (Active TB and Latent TB), Application (Hospital, Clinic and Durgstore) and Region.
On the basis of geography, the market of Tuberculosis Treatment Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drugs, the sub-segment i.e. First Line anti-TB Drugs will boost the Tuberculosis Treatment Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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:
High incidence of drug-susceptible (DS) tuberculosis (TB), Increase in multi-drug resistant (MDR) TB cases and Growth in R&D efforts towards Drug Development.
Challenges:
Management of MDR-TB is difficult, much expensive, challenging and quite often leads to failures.
Restraints:
The 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 menace is providing an opportunity to the market.
Market Leaders and their expansionary development strategies
In August 2023, The Bill & Melinda Gates Foundation joins forces with PATH to develop and deliver affordable, shorter MDR-TB treatment regimens to patients worldwide.
In October 2023, Gilead Sciences announces positive Phase 3 trial results for its new drug lenacapavir, potentially shortening MDR-TB treatment regimens.
Key Target Audience
Tuberculosis Treatment Drugs Manufacturers, Traders/Retailers/Suppliers/Distributors, Government & Regulatory Agencies, Potential Investors, Health Care Facilities and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.