Encephalitis Treatment Market is predicted to reach a valuation of US$ 34.08 Billion by 2033 | FMI Analyst

The global Encephalitis Treatment Market is currently valued at US$ 20.14 Billion in 2023 and is anticipated to expand at a CAGR of 5.4%. Owing to the technological advances in healthcare the market is likely to propel to US$ 34.08 Billion by 2033.

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The major factor attributing to the growth of the market is the high mortality and morbidity rate caused due to the incidence of encephalitis virus. Furthermore, increasing government initiatives for vaccination programs is boosting the market. As the number of cases and fatalities rises, individuals must take preventive measures such as immunisation, which increases demand for encephalitis treatment, thereby boosting the market growth.

The high disposable income, rising geriatric population, and changing lifestyles will result in the expansion of the encephalitis treatment market. Increasing research and development activities and increasing investments by government and private organization will boost new opportunities for the market's growth rate.

The manufacturers are involved in the production of encephalitis treatment market in a larger capacity. Research and innovation are also conducted to launch innovative products for encephalitis treatment.

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North America dominates the encephalitis treatment market due to the presence of key market players' presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market's growth in the region. The significant R&D investments in Europe abode well for market growth.

Key Takeaways from the Market Study

As of 2023, the encephalitis treatment market was valued at US$20.14 Billion
From 2023 to 2033, the encephalitis treatment industry is poised to grow at 5.4% CAGR
By 2033, the encephalitis treatment market is slated to reach a valuation of US$ 34.08 Billion
Based on the end-users, the hospital pharmacy segment accounts for market share of 50.5% during the forecast period. 
China is poised to yield a CAGR of 4.8% with to respect encephalitis treatment in 2033.

"Growing healthcare spending and growing the incidence of encephalitis across the world and rapid rise in the geriatric population are expected to radically transform the market in the coming years," comments an analyst at FMI.

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Competitive Landscape

Some of the key players present in the global encephalitis treatment markets are Allergan, Merck & Co., Inc., Pfizer Inc., GlaxoSmithKline plc, Melinta Therapeutics LLC, Basilea Pharmaceutica Ltd., Abbott, F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Sanofi, and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

In December 2022, The European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion, recommending the approval of Dupixent®(dupilumab) in the European Union (EU) to treat adults and adolescents with eosinophilic esophagitis (EoE). In May 2022, Dupixent 300 mg weekly was approved by the U.S. Food and Drug Administration for the treatment of patients aged 12 years and older, weighing at least 40 kg.
In February 2021, Pfizer Inc. announced that the U.S. Food and Drug Administration (FDA) accepted for Priority Review the company's Biologics License Application (BLA) for TicoVac™, its tick-borne encephalitis (TBE) vaccine for active immunization to prevent TBE in individuals 1 year of age and older.

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Key Segments Covered in the Encephalitis Treatment Industry Survey

Encephalitis Treatment Market by Treatment:

Antiviral Agents
Steroid Injection
Antibiotics
Immunoglobulin Therapy
Plasmapheresis
Others

Encephalitis Treatment Market by End-Users:

Clinic
Hospitals
Others

Encephalitis Treatment Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.