Press release
Pharyngitis Treatment Global Market Report 2024 - By Demand, Report, Share, Trends, Outlook By 2033
Pharyngitis Treatment Market
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.
Market Overview -
Pharyngitis treatment refers to the management and care provided to individuals experiencing inflammation of the mucous membranes of the oropharynx, commonly known as the throat. Pharyngitis can be caused by a variety of reasons, including bacterial or viral infections, allergies, trauma, malignancy, reflux, and some poisons.
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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.
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.
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Key Segments -
The pharyngitis treatment market covered in this report is segmented -
1) By Drug Class: Beta Lactams; Macrolides; Cephalosporins; Fluoroquinolones; Tetracycline; Other Drug Classes
2) By Source of Infection: Viral; Bacterial
3) By Modes Of Delivery: Oral; Intravenous; Intramuscular; Other Modes Of Delivery
4) By End-Users: Hospitals; Homecare; Specialty Centers; Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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