Press release
Pharyngitis Treatment Global Market Analysis, Trends, Growth, Research And Forecast 2033
The new report published by The Business Research Company, titled Pharyngitis Treatment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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 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
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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.
Contents of the report:
1. Executive Summary
2. Pharyngitis Treatment Market Report Structure
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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