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Infectious Diseases Therapeutics Market Evolving Technology, Trends and Industry Analysis 2020
Various pathogen microorganisms, such as parasites, virus, bacteria and fungi, cause infectious diseases. Poor sanitation and inadequate personal hygiene causes various infectious diseases. These diseases are transmitted through direct or indirect contact. Anti-infective drugs are used to prevent or destroy the growth of pathogens. Antibacterial, antiviral, antifungal and antiparacitic drugs are some of the anti- infective drugs used for the treatment of infectious diseases.
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North America dominates the global market for infectious diseases therapeutics due to increasing incidence of infectious diseases and rise in aging population. Asia followed by the Europe are expected to show high growth rates in the next five years in the global infectious diseases therapeutics market. China and India are expected to be the fastest growing infectious diseases therapeutics markets in Asia-Pacific region. Some of the key driving forces for infectious diseases therapeutics market in emerging countries are large pool of patients and rising government funding.
In recent times there is increased use of infectious diseases therapeutics due to increasing incidence of infectious diseases. Increase use of direct acting anti-viral, increase in geriatric population and increasing healthcare expenditure are some of the key factors driving the growth for the global infectious diseases therapeutics market. In addition, increasing healthcare awareness is also fuelling the growth of the global infectious diseases therapeutics market. However, generic erosion is the major factors restraining the growth for the global infectious diseases therapeutics market.
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Patent expiration of infectious disease drugs could lead a challenge for the global infectious diseases therapeutics market. Some of the trends for the global infectious diseases therapeutics market are emergence of interferon free regimes and increasing awareness programs. Some of the major companies operating in the global infectious diseases therapeutics market are Merck & Co., Pfizer, Johnson & Johnson, F. Hoffmann-La Roche, GlaxoSmithKline Pharmaceutical, Inc., Auritec Pharmaceuticals, Novartis, Achillion Pharmaceuticals, Isis Pharmaceuticals and Gilead Sciences.
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