Visiongain’s analysis indicates that total revenue on Tuberculosis Treatment Drugs Market will be $1,080 million in 2020 due to the World Health Organization strong commitment towards ending TB leading to increase in funding for the research and development both in developed as well and under-developed markets
06 April 2020
Visiongain has launched a new pharmaceutical report Tuberculosis Treatment Drugs Market 2020-2030: Forecasts & Analysis of Epidemiology by Regions (United States, Europe, Germany, France, Italy, Spain, UK, Japan & Rest of the World), by Regional Markets (North America, Latin America, Middle East & Africa, Asia & Asia Pacific), Plus Analysis of Leading Nations, by Therapies & Leading Companies.
The tuberculosis market is evaluated to grow at the most noteworthy CAGR of 5.8% during the forecast period. The growing number of prevalence cases of Multi-Drug Resistant TB and cases of new and relapsed TB among the population of developing and under developing countries are contributing to the increase in the Tuberculosis market size.
In addition, WHO global initiatives, increase in funding towards reaching sustainable growth to end tuberculosis by developing new emerging therapies and formation of dedicated TB alliances are the major factors driving the growth of the TB market segment.
There is a huge demand for cost effective TB drugs in the developed as well as underdevelopment markets which has led to the expansion of the pharmaceutical pipeline with effective therapies offering better treatments vs the generic therapies already approved in this market. Also, WHO is providing financial support towards building a rapid diagnosis and treatment technologies that ensure timely diagnosis for people with TB, quality testing for difficult-to-diagnose groups, expand the spectrum of drug susceptibility testing (DST), and reduce the costs of diagnostic platforms and their maintenance.
The Tuberculosis drugs market is a highly competitive and diverse market with immense potential for growth. The upcoming ten-year period is expected to be critical for the Tuberculosis Treatment Drugs market’s development. The lead analyst of the report commented that "Due to maturity of generic drug market, companies are moving away from generics drug into therapeutic market by building strong portfolio for development of anti-tuberculosis drug emphasizing all types of TB cases. As more companies along with TB alliance are entering this market, generics drugs have become increasingly similar and lacking differentiation leading to very confusing treatment regimen. Tuberculosis market is registered to have incremental growth in coming future."
The 174-page report provides details of how revenue by Therapies Type in the Tuberculosis Treatment Drugs market will evolve over the next ten years, along with an extensive regional analysis and forecasting. A leading companies chapter offers detailed analysis and outlooks for the leading Tuberculosis Treatment Drugs Market manufacturers that operate in the industry.
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As lockdowns were imposed in all the countries, diagnosis rates went down in majority of countries during the year hitting the drug sales for some period. Although lockdown measures have been eased up in most countries by mid-year 2020, this trend is expected to continue beyond 2020, stock up of medicines by patients is likely to propel the drug sales in majority of the developed economies, which account for majority of rare diseases.
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