Anti-tuberculosis Therapeutics Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Anti-tuberculosis Therapeutics market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Anti-tuberculosis Therapeutics Market report is anticipated to register a CAGR of 6% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Anti-tuberculosis Therapeutics Market are –
- BAYER AG
- ELI LILLY AND COMPANY
- GLAXOSMITHKLINE PLC
- LUPIN PHARMACEUTICALS INC.
- NOVARTIS AG
- PFIZER INC.
- SANDOZ INTERNATIONAL GMBH
- AND JOHNSON & JOHNSON
The global anti-tuberculosis Therapeutics market is expected to register a CAGR of 6.0% during the forecast period, 2020 to 2023. North America dominates the market, due to growing awareness regarding tuberculosis among the people.
Rising Prevalence of Tuberculosis (TB)
Rising prevalence of tuberculosis, especially in developing countries, is the major driver for the growth of the global anti-tuberculosis Therapeutics market. According to World Health Organization (WHO), in 2016, 10.4 million new tuberculosis cases were reported. Around 1.7 million TB patients died from the disease (which includes 0.4 million among people with HIV). Over 95% of TB deaths occur in low- and middle-income countries. Growing prevalence of pedriatic tuberculosis and increasing incidence of multi-drug-resistant tuberculosis (MDR TB) and extensively drug-resistant (XDR) TB cases are further driving the growth of the global tuberculosis Therapeutics market.
Also, growing initiative from government organization regarding awareness of tuberculosis, a collaboration between academic and private players for novel antibiotics drug development is another factor driving the growth of the global anti-tuberculosis drugs market.
High Cost of TB Therapeutics and Lack of Insurance Coverage in Low-and Middle-income Countries
Tuberculosis (TB) treatment is done over a long period, and continuous medicine and monitoring is needed during the treatment. This results in overall high treatment costs. According to reseach, on an average, the total cost of TB treatment was equivalent to 58% (5%-306%) of the reported annual individual income, and 39% (4%-148%) of the reported household income. This financial burden varies between countries, owing to varying healthcare settings, TB care models, general health systems, and social protection schemes. The financial burden is on an average more for persons suffering from MDR-TB and for the poorest. However, most of the low- and-middle income countries, such as Asian and African countries, have limited insurance coverage. Thus, high ‘out-of-pocket’ treatment cost, coupled with adverse side effects of anti-tuberculosis drugs, is expected to limit this market, as a large share of the population will not be able to afford the treatment. Factors, such as adverse side effects of anti-tuberculosis drugs, also hinder the market.
Asia-Pacific to Show High Growth Rate
North America dominates the global anti-tuberculosis Therapeutics market, owing to the presence of well-established market players, and raising awareness regarding tuberculosis. Asia-Pacific is expected to grow tremendously during the forecast period, owing to factors, such as high prevalence of tuberculosis and growing government initiative to create awareness regarding tuberculosis.
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Scope of the Report:
The report analyses Anti-tuberculosis Therapeutics market, which includes –
- Analysis of the growth of Anti-tuberculosis Therapeutics market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Anti-tuberculosis Therapeutics market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Anti-tuberculosis Therapeutics market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Anti-tuberculosis Therapeutics market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Anti-tuberculosis Therapeutics Market Report:
- Varying dynamics of the Anti-tuberculosis Therapeutics industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Anti-tuberculosis Therapeutics market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Anti-tuberculosis Therapeutics market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Anti-tuberculosis Therapeutics Market Report:
- The report analyses how stringent emission control norms will drive the global Anti-tuberculosis Therapeutics market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Anti-tuberculosis Therapeutics market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Anti-tuberculosis Therapeutics:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
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