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Global Tuberculosis Therapeutics Market, Industry Share, Trends, Growth, Future Prospects, Forecast to 2025

04-23-2020 02:57 PM CET | Health & Medicine

Press release from: Orion Market Research

Global tuberculosis (TB) therapeutics market is anticipated to grow at a significant CAGR of over 4% during the forecast period. Government initiatives for promoting education about tuberculosis diagnosis and treatment among the population will drive the market growth. Multiple partnerships with government and non-government organizations have been the major key strategy adopted by market players globally. These collaborations have been aiming for eliminating tuberculosis from society by supplying an adequate number of drugs to several countries as well as government organizations.

Request a Free Sample of our Report on Global Tuberculosis Therapeutics Market: https://www.omrglobal.com/request-sample/tuberculosis-tb-therapeutics-market

Moreover, increasing spending on R&D for the development of new drugs tend to drive the growth of global tuberculosis (TB) therapeutics market during the forecast period. Funding for research and development in the field of tuberculosis treatment will offer a huge opportunity for the global tuberculosis therapeutics industry across the globe. Funding for R&D has been increasing significantly over past levels, and other institutional barriers to research and development have been resolved.

In 2017, Funding for TB care and prevention reached $6.9 billion in 118 low and middle-income countries. Funding on research and developments in 2016 was $6.3 billion and it was more than double the funding in 2006 which was approximately $3.3 billion. Such an increase in funding on tuberculosis tends to provide ample opportunity for the growth of global tuberculosis (TB) therapeutics market in the near future.
Johnson and Johnson Services Inc., Lupin Ltd., Otsuka Pharmaceutical Co. Ltd., Macleods Pharmaceuticals Ltd., Merck & Co. Inc., Novartis International AG, and Pfizer Inc are some of the key players operating in global tuberculosis (TB) therapeutics industry. The players are collaborating with non-profit organizations to meet the needs of the people. For instance, in 2019., Macleods Pharmaceuticals Ltd. collaborated with TB Alliance for a new therapy for highly drug-resistant TB. Macleods Pharmaceuticals was granted a non-exclusive license by TB Alliance to manufacture the anti-TB drug pretomanid as part of the three-drug "BPaL" regimen. Such collaborations tend to expand global tuberculosis (TB) therapeutics market size in the near future.

A Full Report of Global Tuberculosis Therapeutics Market is Available at https://www.omrglobal.com/industry-reports/tuberculosis-tb-therapeutics-market

Global Tuberculosis (TB) Therapeutics Market Segmentation

By Disease Type
o Active TB
o Latent TB

By Therapy
o First-Line Therapy
o Second-Line Therapy

Global Tuberculosis (TB) Therapeutics Market - Segmentation by Region

North America
o United States
o Canada

Europe
o Germany
o United Kingdom
o France
o Spain
o Italy
o Rest of Europe

Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific

Rest of the World
o Middle East & Africa
o Latin America

Company Profiles
o Akorn Inc.
o AstraZeneca Plc
o Biochemical and Synthetic Products Pvt Ltd.
o Eli Lilly & Co.
o GlaxoSmithKline Plc
o Johnson and Johnson Services Inc.
o LabatecPharma SA
o Lupin Ltd.
o Macleods Pharmaceuticals Ltd.
o Merck& Co. Inc.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/tuberculosis-tb-therapeutics-market

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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