Beginning of the bloom: The Rise of the Pneumonia Treatment Drugs Market 2021-2025 | International Company’s - GSK, MSD, Mylan, Novartis, Pfizer, Teva, AstraZeneca, Sun Pharma
Overview of Global Pneumonia Treatment Drugs Market:
This report studies the Global Pneumonia Treatment Drugs Market over the forecast period of 2020 to 2025. The Global Pneumonia Treatment Drugs Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2020 to 2025.
As per the market research study, Pneumonia is referred to as inflammatory, diseased condition of the lungs, which affects the alveoli of the lungs. Symptoms of pneumonia include chest pain, dry cough, trouble in breathing, and fever. Acquired pneumonia and health care-associated pneumonia are two types of pneumonia. Pneumonia affects over 450 million people across the globe and results in four million deaths every year. Nowadays, the Pneumonia Treatment Drugs Market is witnessing extensive research and development activities and a significant number of new product launches. This encourages manufacturers to cater to the increasing demand from customers.
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Increasing number of on-going clinical trials for the development of drug molecules will have a significant impact on the market progression. As per the WHO, the most common cause of pneumonia in children is Streptococcus pneumoniae. In 2017, around 808,694 children under the age of 5 were died due to pneumonia and it accounts for approximately 15% of death cause in children.
The Global Pneumonia Treatment Drugs Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Pneumonia Treatment Drugs Market is sub-segmented into Macrolides, Cephalosporin, Penicillin, Tetracyclines, Fluoroquinolones and others. On the basis of Application, the Global Pneumonia Treatment Drugs Market is classified into Hospital, Clinic, Drugstore and others.
In terms of the geographic analysis, North America dominates the global market and the trend is expected to continue during the forecast period. APAC is expected to hold the second-largest share of the Global Pneumonia Treatment Drugs Market during the forecast period, due to high incidence of pneumonia in countries such as China and India.
Global Pneumonia Treatment Drugs Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Pneumonia Treatment Drugs Market
2 To analyze and forecast the size of the Pneumonia Treatment Drugs Market, in terms of value and volume
3 To analyze opportunities in the Pneumonia Treatment Drugs Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Pneumonia Treatment Drugs Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Pneumonia Treatment Drugs Market
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Top Leading Key Manufacturers are: GlaxoSmithKline, MSD, Mylan, Novartis, Pfizer, Teva Pharmaceutical, Arsanis, AstraZeneca, Combioxin, Shinogi, Sun Pharmaceutical, Medicines, Theravance Biopharma and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Global Medical Industry News:
GlaxoSmithKline (GSK) (March 29, 2021) - GSK to support manufacture of Novavax’ COVID-19 vaccine - GSK has reached an agreement in principle with Novavax and the UK Government Vaccines Taskforce to support manufacturing of up to 60 million doses of Novavax’ COVID-19 vaccine candidate (NVX-CoV2373) for use in the UK. GSK will provide ‘fill and finish’ manufacturing capacity at its Barnard Castle facility in the North East of England beginning as early as May 2021, with a rapid technology transfer between the two companies beginning immediately. The parties will negotiate a final agreement to include additional terms and conditions.
The UK Government has secured 60 million doses of the vaccine under an advance purchase agreement with Novavax. The protein antigen component of NVX-CoV2373 is also produced in the North East of England by Novavax’ manufacturing partner, FUJIFILM Diosynth Biotechnologies, at their site in Billingham, Stockton-on-Tees.
Fill and finish, to be provided by GSK, is the completion stage of vaccine manufacturing, preparing vials of the final vaccine and packaging them for distribution and use. The GSK site at Barnard Castle, which will deliver the vaccine doses under this collaboration, is a specialised facility in GSK’s global manufacturing network, which supports production of GSK pharmaceutical and vaccine products.
Roger Connor, President, GSK vaccines, said: “GSK is delighted to support Novavax and the UK Vaccines Taskforce with this manufacturing arrangement for the UK and our Barnard Castle facility is now undertaking the rapid preparation work required to manufacture up to 60m doses of this vaccine. We have ensured that we can deliver these volumes without impacting supply of our other vital medicines and vaccines, and without disruption to the other COVID-19 collaborations GSK is engaged in globally.”
“This partnership with GSK continues the expansion of our global supply network, which we expect to increase overall production capacity and, if approved by regulatory agencies, support access to a potentially important new vaccine against COVID-19,” said Rick Crowley, Executive Vice President and Chief Operations Officer, Novavax. “We thank the UK government’s Vaccine Taskforce for its instrumental role in ensuring the progress of our COVID-19 vaccine, from both a clinical and now manufacturing perspective, as well as GSK for making their facilities available to help fight the pandemic.”
Prime Minister Boris Johnson said: “I’m delighted by GSK’s investment, which shows the strength of UK manufacturing, and will further boost our vaccine rollout. The Vaccines Taskforce has worked hand in glove with business to successfully deliver vaccines to the whole of the UK, and this agreement will continue to support our approach. We remain on track to offer a first jab to all over 50s by 15 April, and all adults by the end of July, and I want to once again encourage everyone to come forward for a vaccine when you’re called.”
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Major Points in Table of Contents:
Global Pneumonia Treatment Drugs Market Report 2021
1 Pneumonia Treatment Drugs Product Definition
2 Global Pneumonia Treatment Drugs Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Pneumonia Treatment Drugs Shipments
2.2 Global Manufacturer Pneumonia Treatment Drugs Business Revenue
2.3 Global Pneumonia Treatment Drugs Market Overview
3 Manufacturer Pneumonia Treatment Drugs Business Introduction
3.1 GlaxoSmithKline Pneumonia Treatment Drugs Business Introduction
3.2 MSD Pneumonia Treatment Drugs Business Introduction
3.3 Mylan Pneumonia Treatment Drugs Business Introduction
3.4 Novartis Pneumonia Treatment Drugs Business Introduction
3.5 Pfizer Pneumonia Treatment Drugs Business Introduction
3.6 Teva Pharmaceutical Pneumonia Treatment Drugs Business Introduction
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