According to a recent Future Market Insights report, the global Bartonellosis Therapeutics Market Demand will increase at a CAGR of 12% between 2023 and 2033, reaching a market value of US$ 3.72 billion by the end of the assessment period. A solid product pipeline and anticipated launches are driving market expansion. Increased R&D spending by major pharmaceutical companies on orphan medication development and improved product offerings are critical industry determinants. In 2021, there were 791 prospective orphan drug applications in clinical trials for the treatment of uncommon disorders.
Because the mortality rate in the absence of therapy rises drastically, the market for bartonellosis medicines is predicted to develop throughout the forecast period. Bartonellosis enters a dormant stage, which is distinguished by the recurrence and progression of a chronic phase, the Peruvian wart. Antibiotic demand is rising as a result of an increase in cat scratch disease cases and market expansion.
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The overall population of the United Kingdom and France in 2021 will be 67,326,569 and 67,499,343, respectively, according to World Bank estimates. Because the disease’s incidence is increasing, government agencies are investing in R&D approaches and encouraging the development of breakthrough antibiotics therapy, as well as supporting regulatory norms to expedite research approval and funding. BARDA, for example, has worked with the US government to assist various organisations in researching novel treatments for bartonellosis.
Key Takeaways from the Market Study
- The bartonellosis therapeutics market is expected to be worth US$ 1.2 billion in 2023, with North America offering significant development prospects, with the US rising at an 11.7% CAGR.
- Another profitable investment destination will be APAC, which accounts for 33% of all treatments.
- Europe will emerge as a major player in the bartonellosis treatments market, with a CAGR of 11.5%.
- Antibiotics will be used to treat more than half of all bartonellosis cases.
- At least two out of every five bartonellosis patients would want to be hospitalised.
“As bacterial infections become more prevalent, healthcare practitioners are devising highly advanced and effective therapeutic approaches. This is boding well for Bartonellosis Therapeutics, paving way for the introduction of a wide range of treatment alternatives,” says an FMI analyst
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Key Market Players
Key players in the Bartonellosis Therapeutics market are Abbott, Allergan, Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Merck Sharp & Dohme Corp., Novartis AG, Sanofi, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Bayer AG, Viatris, Sun Pharmaceutical Industries Ltd., Lilly, Aurobindo Pharma, Lupin, AstraZeneca, Johnson & Johnson Private Limited, Boehringer Ingelheim International GmbH, Dr. Reddy’s Laboratories Ltd., Bristol-Myers Squibb Company.
- Bayer HealthCare Animal Health has worked with veterinarians, physicians, and bartonellosis specialists all over the world. Bayer Animal Health also offers products like Seresto, which protects pets against fleas and prevents bartonellosis. This is the latest in a line of cutting-edge anti-parasite products from one of the world’s leading animal medical companies.
- GlaxoSmithKline Plc. and Alector will collaborate in July 2021 to develop and commercialise two clinical-stage, possible first-in-class monoclonal antibodies, AL001 and AL101. These antibodies are intended to assess progranulin levels, a crucial regulator of immunological activity in the brain that aids in the treatment of neurodegenerative illnesses.
Key Segments Profiled in the Bartonellosis Therapeutics Market Industry Survey
By Drug Class:
- Antibiotics
- NSAIDs
- Others
By Route of Administration:
- Oral
- Intravenous
- Others
By Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
By End Users:
- Hospitals
- Clinics
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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