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Meningitis Treatment Market Forecast – Industry Value, Market Size, Top Companies and General Trends for 2016-2026

02-28-2019 03:44 PM CET | Health & Medicine

Press release from: future market insights.

Meningitis Treatment Market Forecast – Industry Value,

Meningitis refer to the inflammation of the meninges of the brain. It can result from either infectious or non-infectious mode. Since it is a fatal disease and can cause severe brain damage in almost half of the infected patients if not treated and can cause persistent neurological defects in around 10-15% of the survivors, the treatment of the indication becomes inevitable. Globally, the disease has caused an estimated 700,000 cases and 70,000 deaths over the past 10 years. As per WHO, twenty-six African countries in sub-Saharan Africa are known as Meningitis belt and carry highest epidemic risk. These numbers highlight the huge market for meningitis treatment.

Meningitis Treatment Market: Drivers and Restraints

The driving factor for the meningitis treatment market is growing government and foundation initiative For instance, GAVI’s initiative to save children’s lives and protect people’s health through the widespread use of vaccines and growing advances in genetics, immunology and vaccines technology can be attributed to enhancement in the meningitis market. The meningitis market growth can be also be attributed to factors such as rising cases of cross-country travel and increasing incidence of road accidents. According to the upcoming data of clinical trials, a lot has been happening in the vaccines R&D domain as well. However, cost along with re-imbursement scenario in some of the countries is restraining the growth of global meningitis market. Stringent regulatory policies along with the orthodox religious beliefs in some of the countries across the major markets are also posing significant challenges for global meningitis market growth.

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Meningitis Treatment Market: Segmentation 

Meningitis treatmentmarket is classified on the basis of causative micro-organism type, Treatment type, Type of settings and geography. Based on causative micro-organism, the global meningitis treatment marketcan be segmented as follows: Bacterial, Viral, Fungal; Based on treatment Type, the global meningitis treatment marketcan be segmented as follows: Antibiotic Therapy, Adjunctive Therapy; Based on vaccine type, the global meningitis treatment marketcan be segmented as follows: Meningococcal Conjugate Vaccine, Meningococcal Polysaccharide Vaccine (MPSV4), Combination Vaccine.

Meningitis Treatment Market: Overview

The global market overview for meningitis vaccine looks promising considering advances in the diagnostic as well as the technological platforms.  The focus on vaccination is increasing specially among the developing economies due to increasing awareness of the public and rising income to spend on the healthcare.  There is optimistic shift towards the reimbursement scenario across both developing and developed countries.

Meningitis Treatment Market: Region-wise Outlook

Depending on geographic regions, global meningitis treatment marketmarket is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. The incidence rate of meningitis in developing countries such as Africa and India is higher than that in the developed countries by ten times since the access to preventive measures of the disease is still not well developed. Every year, there will be 8000 cases of meningitis and a total number of 2000 deaths occur that mark this disease as high morbidity and mortality. North Amnerica remains the dominant market followed by Europe. Asia-pacific market is growing specially due growing government based initiatives towards vaccination.

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Meningitis Treatment Market: Key Players

The global meningitis market is dominated by Pfizer, GSK, Sanofi, Novartis, Merck & Co. These players account for the major share of meningitis market. Meningitis market is gaining momentum based on the current need and demand in the global cases of meningitis. Other nominal yet important players of this market include Medimmune, Biomed Pvt. Ltd, Nuron Biotech and Baxter.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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