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Tuberculosis (TB) Therapeutics Market Size, Share, Growth, Analysis and Forecast 2023-2030
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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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Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Company Name: Orion Market Research
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