Press release
Pneumonia Therapeutics Market Increase in the R&D activities For Better Treatment
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Hospitals to Dominate the Pneumonia Therapeutics Market:
Based on the distribution channel, the hospitals hold the highest market share. The major factor for the rise of this segment is the accessibility of skilled professionals for the treatment of pneumonia and the increase in the number of inpatients and outpatients preferring hospitals. Moreover, higher funding of hospitals for accepting new pneumonia therapeutics approaches for the civil population can drive the global pneumonia therapeutics market growth. Apart from this, the increase in the implementation of efficient and novel drugs for pneumonia treatment can also drive the growth of the market.
North America Pneumonia Therapeutics Market:
North America leads the global pneumonia therapeutics market growth due to the rise in healthcare spending and increases in the patient population in the region. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among key global players have contributed to increasing the sales of pneumonia therapeutics in this region. Asia Pacific region is expected to grow significantly in the global pneumonia therapeutics market over the forecast period. The Asia Pacific region is expanding as a result of the existence of a large patient population and fast infrastructural development in the region.
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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global pneumonia therapeutics market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In May 2022, GSK acquired the clinical-stage biopharmaceutical company Affinivax, Inc. In August 2021, Eagle Pharmaceuticals collaborated with Combioxin to get marketing approval for CAL02, a new antitoxin agent that cures severe pneumonia.
The pneumonia therapeutics market is segmented based on therapeutics, distribution channel, age group, and region.
Based on the therapeutics:
• Prevention Vaccines
• Treatment Drugs
Based on the distribution channel:
• Hospitals
• Pharmaceutical Stores
• Others
Based on the age group:
• Pediatric
• Adult
• Geriatric
Based on the region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
The global pneumonia therapeutics market key players in the report are Abbott Laboratories, Allergan, AstraZeneca, Bayer, Cipla, GlaxoSmithKline Plc., Lupin Pharmaceuticals Ltd., Merck, Mylan, Novartis AG, and Pfizer, Inc.
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