Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.14 Billion | USD 24.08 Billion | 7.9% | 2023 |
According to the report published by Zion Market Research, the global Tuberculosis Therapeutics Market size was valued at USD 12.14 Billion in 2023 and is predicted to reach USD 24.08 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.9% during the forecast period.
The report analyzes the global Tuberculosis Therapeutics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Tuberculosis Therapeutics industry.
Mycobacterium tuberculosis is the bacteria that cause the chronic infectious disease tuberculosis. Pulmonary tuberculosis is the alternate name for tuberculosis. In this disease, the bacteria majorly infects any part of the body, mainly it is the lungs that are affected. When the infection is spread to the other parts of the body then extrapulmonary tuberculosis occurs. This bacterial infection spreads through the lymph nodes or by the bloodstream to any organ of the body. Tuberculosis is a contagious disease. It is transmitted from one person to another person by the microscopic droplets that are released into the air by the infected person. Tuberculosis mainly occurs in two types–active tuberculosis and latent tuberculosis.
The global tuberculosis therapeutics market is fragmented into end user and product.
On the basis of the end user, the market is segmented into ambulatory surgical centers, hospital pharmacies, and individual pharmacies.
Based on the product, the market is categorized into isoniazid, rifampin, pyrazinamide, hydrazine derivatives, miscellaneous anti-tubercular drugs, and ethambutol.
Increasing rate of occurrences of tuberculosis will provide lucrative opportunities for the global tuberculosis therapeutics market growth. According to the World Health Organization, approximately one-third of the total world’s population was diagnosed with latent tuberculosis. The regions that are more prone to the cases of tuberculosis is the under-developed and developing regions. The patients that are infected with HIV are more likely to be affected with active tuberculosis.
The risk of people suffering from active TB is greater in those that have a low immune system and those who are suffering from other conditions. WHO organization has developed a program to treat tuberculosis known as ‘Directly Observed Treatment, Short Course’, this witnessed rapid development in the global tuberculosis therapeutics market. Lack of anti-tubercular drugs for treating tuberculosis in children will adversely affect the market.
The geographical segmentation of the global tuberculosis therapeutics market is diversified into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, and the Middle East and Africa. The region that will dominate the tuberculosis therapeutics market is the North America and Latin America regions and this growth will continue in the coming years. People from all the regions are are becoming concerned about their health and are also becoming aware of the treatments for tuberculosis. The Middle East and Africa regions and Asia Pacific regions market are anticipated to grow at a moderate rate.
Report Attributes | Report Details |
---|---|
Report Name | Tuberculosis Therapeutics Market |
Market Size in 2023 | USD 12.14 Billion |
Market Forecast in 2032 | USD 24.08 Billion |
Growth Rate | CAGR of 7.9% |
Number of Pages | 193 |
Key Companies Covered | Aventis Pharmaceuticals Limited, Sanofi -Aventis U.S. LLC, Versapharma Incorporated, Sigma Pharmaceutical Pty Limited, Novartis AG, Hoffmann-La Roche Ltd., and Bayer Health Care |
Segments Covered | By end user, By product type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The key market players that are involved in the tuberculosis therapeutics market include
By End User
By Product Type
FrequentlyAsked Questions
Global Tuberculosis Therapeutics Market was valued at $12.14 Billion in 2023 and is projected to reach $24.08 Billion by 2032
CAGR of 7.9% from 2023 to 2032.
The largest share of the Tuberculosis Therapeutics Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
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