PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455696
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455696
Nontuberculous Mycobacteria Market size was valued at USD 9,320.34 Million in 2023, expanding at a CAGR of 3.14% from 2024 to 2032.
Nontuberculous mycobacteria are a collection of bacteria that naturally exist in soil, water, and dust all over the world. Non-tuberculous mycobacteria (NTM) refers to a group of over 190 species of Mycobacterium, excluding Mycobacterium tuberculosis and Mycobacterium leprae. These microorganisms are present everywhere in the environment, especially in soil and water sources, and are increasingly being recognized as a cause of human diseases. Non-tuberculous mycobacteria can infect not only individuals with weakened immune systems but also those who are otherwise healthy. The diagnosis and management of NTM infections pose numerous challenges.
Nontuberculous Mycobacteria Market- Market Dynamics
Increasing occurrence of nontuberculous mycobacterial lung illness, particularly amongst the older population worldwide, is projected to propel market's growth.
The aging global population is experiencing a significant rise in the number of elderly individuals. Due to the fact that age is a risk factor for NTM lung disease, the increasing elderly demographic is anticipated to contribute to the growing incidence of the illness, thereby creating a higher demand for diagnostic and therapeutic solutions. The improved awareness among healthcare providers and patients regarding NTM lung disease, along with better access to healthcare services, has resulted in increased rates of diagnosis and treatment. According to the National Health Service, in 2021, the mortality rate from respiratory conditions (as either the primary or associated cause) was more prevalent among older individuals (73% of respiratory deaths occurred in individuals aged 75 and above, compared to 67% for total deaths). Additionally, advancements in diagnostic techniques, such as high-throughput sequencing and enhanced culture methods, could present growth opportunities for the market. Nevertheless, the high cost of treatment may impede the market's growth.
Nontuberculous Mycobacteria Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.14% over the forecast period (2024-2032)
Based on Drug Class segmentation, Oral Antibiotics was predicted to show maximum market share in the year 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Nontuberculous Mycobacteria Market is segmented on the basis of Drug Class, Distribution Channel, and Region.
The market is segmented into four categories according to Drug Class: Oral Antibiotics, IV Antibiotics, Anti-Nausea, and Nebulized Antibiotics. The Oral Antibiotics category holds the largest share in the market. Various factors such as the prevalence of NTM-related diseases, the effectiveness of existing antibiotics, treatment protocols, and regulatory authorizations impact the market for oral antibiotics utilized in treating nontuberculous mycobacteria (NTM) infections.
The market is categorized into three segments according to the Distribution Channel: Hospital pharmacies, Retail pharmacies, and online pharmacies. Pharmaceutical companies that manufacture antibiotics and other medications for NTM infections distribute their products through conventional pharmaceutical distribution channels.
Nontuberculous Mycobacteria Market- Geographical Insights
This market is geographically spread across various regions, namely North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to the increased research efforts in developing new medications and the rising healthcare expenses. There is a notable surge in research and development endeavors focused on discovering new antibiotics and treatment regimens for NTM infections. In the United States, health spending witnessed a 2.7% increase in 2021, reaching USD4.3 trillion or USD12, 914 per capita. This growth rate is significantly lower than that of 2020 (10.3%), stated by the American Medical Association. Europe holds the second-largest region for this market, primarily due to the rising rates of infectious illnesses.
Various pharmaceutical companies specializing in the development of antibiotics and other therapeutics for NTM infections are the main competitors in this market. They compete based on factors like product effectiveness, safety, and pricing, as well as strategies to secure market access. Competition may also involve creating new antibiotics with better activity against NTM species or formulations that improve patient adherence and outcomes. The rivalry in the NTM market extends to the clinical development pipeline, where companies aim to introduce new treatments or expand existing product indications. Overall, competition in the NTM market is shaped by product differentiation, clinical development efforts, regulatory factors, market access plans, research and innovation, and collaborations.
On June 16, 2020, Novartis ILARIS (canakinumab) was approved by the US Food and Drug Administration (FDA) for a new indication to treat Adult-Onset Still's Disease (AOSD). The FDA granted approval for active Still's disease, which includes both systemic juvenile idiopathic arthritis (SJIA) and AOSD, in patients aged 2 years and older.
GLOBAL NONTUBERCULOUS MYCOBACTERIA MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Insmed, RedHill Biopharma Ltd
Novartis AG
Paratek Pharmaceuticals Inc
Janssen
RevImmune
Nobelpharma Co Ltd
Others