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Tuberculosis (TB) Therapeutics Market Size, Share, Growth, Analysis and Forecast 2023-2030

08-29-2023 05:51 PM CET | Health & Medicine

Press release from: Orion Market Research

Tuberculosis (TB) Therapeutics Market Size, Share, Growth,

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.

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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.

Global Tuberculosis (TB) Therapeutics Market Segmentation

By Disease Type

Active TB
Latent TB

By Therapy

First-Line Therapy
Second-Line Therapy

A full report of Global Tuberculosis (TB) Therapeutics Market is available at: https://www.omrglobal.com/industry-reports/tuberculosis-tb-therapeutics-market

Global Tuberculosis (TB) Therapeutics Market - Segmentation by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Akorn Inc.
AstraZeneca Plc
Biochemical and Synthetic Products Pvt Ltd.
Eli Lilly & Co.
GlaxoSmithKline Plc
Johnson and Johnson Services Inc.
LabatecPharma SA
Lupin Ltd.
Macleods Pharmaceuticals Ltd.
Merck& Co. Inc.
Mylan N.V.
Novartis International AG
Otsuka Pharmaceutical Co. Ltd.
Pfizer Inc.
Sanofi SA


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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

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. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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