PUBLISHER: Allied Market Research | PRODUCT CODE: 1298248
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298248
The Tuberculosis Treatment Drugs Market valued for $1,929.96 million in 2021 and is estimated to reach $3,243.90 million by 2031, exhibiting a CAGR of 5.3% from 2022 to 2031.
Tuberculosis (TB) is an infectious disease caused by the bacterium Mycobacterium tuberculosis. It primarily affects the lungs, but can also affect other parts of the body such as the kidneys, bones, and brain. TB is transmitted through the air when an infected person coughs, sneezes, or talks. It is an airborne disease, which means that it can easily spread from person to person through the inhalation of infected droplets. The diagnosis of TB is typically based on a combination of medical history, physical examination, chest X-ray, and laboratory tests such as sputum microscopy and culture. Moreover, various first line drugs such as isoniazid, rifampin, ethambutol, and others and second line drugs such as cyclosterine, ethioamide, capreomycin, and others are approved and used to treat tuberculosis.
The driving factor for tuberculosis treatment drugs market is rise in prevalence of tuberculosis cases. For instance, according to report of Centers for Disease Control and Prevention (CDC) 2022, it was stated that 7,882 million cases of TB were reported in 2021, i.e. 9.4% increase in TB cases. Thus, rise in prevalence of tuberculosis cases results in high demand for drugs which is expected to drive the growth of market. Further, increase in number of pipeline medications for treating tuberculosis disease that is anticipated to receive regulatory approval in the upcoming years; will drive the growth during the forecast period.
Furthermore, rise in initiatives by non-government & government organizations to increase awareness about the TB disease and available treatments among the patients through different programs and campaigns is predicted to boost the growth of the market. In addition, rise in adoption of advanced technologies to diagnose tuberculosis disease and awareness about the importance of early diagnosis is anticipated to boost the market growth. Moreover, many key players have adopted key strategies such as collaboration, agreement, or alliance to increase their market presence in the global tuberculosis treatment drugs market, which is expected to drive the growth of the market.
However, factors such as major side effects associated with tuberculosis drugs may restrain the growth of tuberculosis treatment drugs market. In addition, increase in extensive drug resistance can hamper the growth of the market.
Moreover, rise in demand for novel therapeutics for treating tuberculosis and strong presence of pipeline molecules along with rise in regulatory approvals for new therapeutics is expected to offer lucrative opportunities to key players of market.
The global tuberculosis treatment drugs market is segmented into disease type, therapy type, distribution channel, and region. On the basis of disease type, the market is categorized into active tuberculosis and latent tuberculosis. As per therapy type, the market is categorized into first line therapy and second line therapy. According to distribution channel, the market is segregated into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major key players that operate in the global tuberculosis treatment drugs market are: Lupin, Sanofi, Pfizer Inc., Fresenius SE & Co. KGaA (Fresenius Kabi), Johnson & Johnson, Teva Pharmaceuticals, Novartis AG, ANI Pharmaceuticals Inc., Otsuka Pharmaceutical Co., Ltd., and Macleods Pharmaceuticals Ltd.