Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 42.78 Billion | USD 75.74 Billion | 5.9% | 2023 |
According to a report from Zion Market Research, the global Upper Respiratory Tract Infection Treatment Market was valued at USD 42.78 Billion in 2023 and is projected to hit USD 75.74 Billion by 2032, with a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Upper Respiratory Tract Infection Treatment Market industry over the next decade.
Upper respiratory tract infection is an illness that is caused by various viruses & bacteria. Myriad kinds of upper respiratory tract infections include acute bronchitis, flu, laryngitis, common cold, pharyngitis, sinusitis, sore throat, nasal obstruction, tonsillitis, otitis media, and respiratory distress syndrome. Furthermore, symptoms of upper respiratory tract infection include headache, low-grade fever, malaise, sinus pain, running nose, myalgia, breath shortness, nausea, body ache, cough, vomiting, conjunctivitis, sneezing, and diarrhea. Apparently, upper respiratory tract infection can be treated through decongestants, ibuprofen, guaifenesin, prednisone, diphenhydramine, and codeine. Moreover, Decongestants and antihistamine medicine are used in combination for restricting cough, nasal congestion, and various other symptoms in adult population.
As per NIH researchers, upper respiratory tract infection is defined as upper airway irritation & swelling due to cough without being associated with pneumonia, COPD, chronic bronchitis, and emphysema.
The surge in the cases of respiratory ailments, technological breakthroughs in medicine developments, and easy access to generic medicines will steer the expansion of upper respiratory tract infection treatment industry over the years ahead. Apart from inoculation, antiviral chemoprophylaxis can also prevent flue and is also considered as adjunct to inoculation in particular cases. It is also used when there is an unavailability of vaccines or in the condition when inoculation cannot be done.
(1) who fall in high risk zone for inoculation as a result of contraindication,
(2) those individuals who when vaccinated do not provide an adequate immune response,
(3) for high-risk individuals who are constantly exposed to flue, and
(4) for controlling spread of disease in high-risk individuals across various institutions.
All these aforementioned aspects are projected to create lucrative growth avenues for upper respiratory tract treatment infection market over the years ahead.
Furthermore, antiviral therapy for flu assist in reducing time of flu symptoms, reduces the duration of stay at hospitals, and helps in minimizing the complication risks. This, in turn, will proliferate the growth of upper respiratory tract infection treatment market over the years to come. As per the evidence-based research made by Cochrane, Vitamin C, which is utilized as routine prophylaxis at nearly 0.2 grams doses for treating common cold symptoms, has demonstrated modest & constant effect on common cold in adults as well as children. This will support the expansion of upper respiratory tract infection treatment industry over the years ahead.
Apparently, the common bacterial agents that cause sinusitis include S. Pneumonia, H. Influenza, S. Aureus, S. Pyogenes, and M. Catarrhalis. Moreover, amoxicillin is an antibacterial drug that is used for treating sinusitis. The other medicine used for treating sinusitis is cephalexin when the disease is chronic or recurs. All these aforementioned factors will contribute immensely towards upper respiratory tract infection treatment market size in the foreseeable future.
Report Attributes | Report Details |
---|---|
Report Name | Upper Respiratory Tract Infection Treatment Market |
Market Size in 2023 | USD 42.78 Billion |
Market Forecast in 2032 | USD 75.74 Billion |
Growth Rate | CAGR of 5.9% |
Number of Pages | 110 |
Key Companies Covered | Pfizer Inc, Collegium Pharmaceutical Inc, Merck & Co. Inc, Alcon Inc, Sandoz Inc, GlaxoSmithKline plc, Verona Pharma Plc, Teva Pharmaceuticals, Hospira Inc |
Segments Covered | By Distribution Channel, By Treatment 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 expansion of upper respiratory tract infection treatment industry in North America over the forecast timespan is attributed to surge in the incidences of upper respiratory tract infections across the U.S. Apart from this, increase in the home visits by physicians due to upper respiratory tract infections and escalating demand for over the counter medicines to treat these infections will steer the expansion of upper respiratory tract infection treatment market in North America over the ensuing years.
The key players profiled in the study of upper respiratory tract infection treatment industry are
By Distribution Channel
By Treatment
By Region
FrequentlyAsked Questions
The expansion of upper respiratory tract infection treatment industry in North America over the forecast timespan is attributed to surge in the incidences of upper respiratory tract infections across the U.S. Apart from this, increase in the home visits by physicians due to upper respiratory tract infections and escalating demand for over the counter medicines to treat these infections will steer the expansion of upper respiratory tract infection treatment market in North America over the ensuing years.
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