Press release
Pneumonia Therapeutics Market: Stepping toward a Promising Future with Newer Strategies
Research Dive
Our report includes:
Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/357
According to a study conducted by Research Dive, the global pneumonia therapeutics market is expected to register a revenue of $3,147.7 million till 2027, growing at a rate of 8.2% CAGR during, 2020-2027. The global market is classified on the basis of drug class, age group, and infection type and distribution channel. The report provides detailed information about drivers, opportunities, restraints, segmental analysis and competitive players of the market.
Factors Affecting the Market Growth
As per our analyst, increasing cases of pneumonia across the globe is predicted to be the major driving factor for the market in the projection period. Moreover, lack of awareness among the population about the pneumonia treatment is predicted to hinder the market growth in the forecast period.
Antiviral Drugs is Predicted to Have the Highest Market Share
On the basis of drug class, the pneumonia therapeutics market is further segmented into antifungal drugs, antiviral drugs and antibacterial drugs. Antiviral drugs is predicted to generate a revenue of $1,621.1 by 2027 with a CAGR of 8.6% in the projected timeframe. Pneumonia is a critical lung disorder which occurs mainly due to flu, several antiviral drugs helps to minimize the seriousness of the flu and helps in getting recover at a faster rate as compared to others medications due to which antiviral drugs segment is predicted to boost the overall market in the projected time frame.
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Geriatric Segment is Predicted to Have Highest Growth Rate
On the basis of age group, the pneumonia therapeutics market is further segmented into geriatric, adult, and pediatric. Geriatric segment is predicted to generate a revenue of $1,215.0 by 2027 with a CAGR of 8.7% in the projected timeframe. Geriatric population has a weak immune system. There are high chances of being affected by pneumonia among the geriatric population due to which it is predicted to boost the segment in the forecast period.
Community-Acquired Pneumonia is Predicted to Grow Enormously
On the basis of infection type, the pneumonia therapeutics market is further segmented into ventilator-associated pneumonia (VAP), community-acquired pneumonia (CAP) and hospital-acquired pneumonia (HAP). Community-acquired pneumonia segment is predicted to generate a revenue of $1,935.8 by 2027 with a CAGR of 8.5% in the projected timeframe. Community-acquired pneumonia generally occurs where people live in crowded places. Growing cases of community-acquired pneumonia especially in younger generation is predicted to boost the segment market in the forecast period.
Retail Pharmacies is Predicted to be the Most Lucrative Segment
On the basis of distribution channel, the pneumonia therapeutics market is further segmented into retail pharmacies, online pharmacies, and hospital pharmacies. Retail Pharmacies is predicted to generate a revenue of $1,284.2 by 2027 with a CAGR of 9.1% in the projected timeframe. The retail pharmacies segment is predicted to experience a boost due to the presence of large amount of brick and mortar store which gives a better advantage of accessibility, lower costs due to economies of scale and better services.
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Regional Breakdown of the Market
On the basis of region, the pneumonia therapeutics market is further segmented into North America, Europe, Asia-Pacific and LAMEA. North America region market is predicted to generate a revenue of $1,023.0 by 2027 with a CAGR of 7.2% in the projected timeframe. Increasing geriatric population and presence of large number of pharmaceutical companies is predicted to drive the region market in the estimated time. Moreover, increasing research and development by majority of the companies is predicted to boost the region market in the forecast period
Top 9 Prominent players operating in the Global Pneumonia Therapeutics Market include:
1. Mylan
2. Novartis Lupin Pharmaceuticals
3. GlaxoSmithKline
4. Cipla
5. Abbott
6. Sanofi
7. Merck
8. Bayer
9. Allergan
Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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