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Pharyngitis Treatment Market Report 2024: Strategies And Recent Developments | Pfizer Inc., GlaxoSmithKline PLC, Genentech Inc., Pliva Hrvatska D.o.o., Viatris Inc
Pharyngitis Treatment Market Growth
The Business Research Company offers in-depth market insights through Pharyngitis Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pharyngitis treatment market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to high prevalence and growing incidence of flu, rising prevalence of pharyngitis, growing awareness of pharyngitis, increasing access to healthcare, rising disposable incomes.
The pharyngitis treatment market size is expected to see strong growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to adoption of rapid point-of-care tests, demand for personalized medicine, prevalence of antibiotic resistance, rising importance of hand hygiene. Major trends in the forecast period include advancements in research and development of pharyngitis therapies, digital health technologies, telehealth integration, .
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Market Segmentation:
The main drug class types of pharyngitis treatment are beta-lactams, macrolides, cephalosporins, fluoroquinolones, tetracycline and others. Beta-lactams are a class of antibiotics that contain a beta-lactam ring in their chemical structure. The various source of infection includes viral and bacterial. The various modes of delivery include oral, intravenous, intramuscular and others that are used by various end-users such as hospitals, homecare, specialty centers and others.
Pharyngitis Treatment Global Market Report 2023 provides data on the global pharyngitis treatment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The pharyngitis treatment market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Increasing Strep Throat Transmission Fueling Growth In The Pharyngitis Treatment Market
The rising transmission of strep throat is expected to propel the growth of the pharyngitis treatment market going forward. Strep throat is a contagious bacterial infection that primarily affects the throat and tonsils. Prompt and effective treatment of strep throat with antibiotics helps alleviate symptoms, prevent complications and reduce the risk of spreading the infection to others. For instance, in June 2022, according to the Centers for Disease Control and Prevention, a US-based government agency, every year, approximately 14,000 to 25,000 cases of invasive group A strep disease occur in the United States. Additionally, strep diseases lead to 5.2 million outpatient visits and 2.8 million antibiotic prescriptions annually. Therefore, the rising transmission of strep throat drives the pharyngitis treatment market.
Competitive Landscape:
Major players in the pharyngitis treatment market are Pfizer Inc., GlaxoSmithKline PLC, Genentech Inc., Pliva Hrvatska D.o.o., Viatris Inc., Teva Pharmaceutical Industries Ltd., AbbVie Inc., Medtronic PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Viatris Inc., Teva Pharmaceutical Industries Ltd., Fresenius Kabi AG, Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals PLC, Lupin Limited, Pliva Hrvatska D.o.o., LivaNova PLC, Genentech Inc.
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Top Trend - Evolution Of Sore Throat Relief With Consumer-Focused Treatment Solutions
Major companies operating in the pharyngitis treatment market are introducing innovative products to sustain their position in the market. For instance, in November 2021, RB Health (US) LLC, a US-based pharmaceutical company, launched Mucinex InstaSoothe, a new product line featuring lozenges and sprays designed to numb, soothe and relieve sore throat pain, also known as pharyngitis. The new product line includes clinically proven sore throat and soothing comfort lozenges, sore throat and cough relief lozenges and Mucinex Instasoothe sore throat and pain relief spray. These lozenges are formulated with natural honey and 2.4 mg of hexylresorcinol, providing quick relief for up to 2 hours. The spray also contains benzocaine and menthol, temporarily relieving pain and soothing the throat.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharyngitis Treatment Market Characteristics
3. Pharyngitis Treatment Market Trends And Strategies
4. Pharyngitis Treatment Market - Macro Economic Scenario
5. Pharyngitis Treatment Market Size And Growth
…..
27. Pharyngitis Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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