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Rising Prevalence Of Fungal Infections Spurs Aspergillosis Treatment Market: Powering Innovation and Expansion in the Aspergillosis Treatment Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Aspergillosis Treatment Market Through 2025?
In recent times, there has been a prominent growth in the aspergillosis treatment market size. It is predicted to increase from $3.14 billion in 2024 to $3.33 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. Factors such as developments in diagnostics, the need for antifungal drugs, aggravated occurrence, and invasive procedures contributed to the growth during the historic period.
What's the Projected Size of the Global Aspergillosis Treatment Market by 2029?
The market size for aspergillosis treatment is projected to witness robust expansion in the upcoming years, scaling to a worth of $4.28 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The escalation predicted in the forecast period can be traced back to necessities like transplant medicine, the widespread occurrence of hematologic malignancies, augmented investments in research and development, and public health campaigns. The forecast period also sees major trends like antifungal resistance, targeted treatments, therapeutic drug monitoring, and drug development.
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Top Growth Drivers in the Aspergillosis Treatment Industry: What's Accelerating the Market?
The escalating occurrence of fungal contagions is anticipated to fuel the expansion of the aspergillosis treatment market. Mycosis, another term for fungal infections, occurs due to fungi and can also lead to infections in both humans and animals. Aspergillosis, a type of fungal infection, affects various organs such as the respiratory system, lungs, brain, kidneys, etc. Treatments for aspergillosis like voriconazole, strive to manage the fungal infection, mitigate symptoms, avert complications thereby improving the overall health. Quoting an instance from The Health Security Agency, a UK-based governmental entity, in September 2023, bloodstream corruption due to yeast per 100,000 populace in England has surged from 3.8 in 2021 to 4.0 in 2022. This proliferation of fungal contagions is thereby bolstering the aspergillosis treatment market. Regarding the influence on the Aspergillosis Treatment Market, increased expenditure in healthcare is set to boost the market. Healthcare expenses encompass all the costs associated with delivering healthcare services, family planning initiatives, nutrition programs, and urgent medical aid with a health-centric focus. An upsurge in healthcare spending inevitably leads to the discovery of more effective treatments and advanced medical technologies for aspergillosis. To elaborate with an example, according to the Office for National Statistics in the UK, healthcare spending in the UK was poised at about $362.08 billion (£292 billion) in May 2023, showcasing a nominal surge of 5.6%. Concomitantly, the expenditure on long-term health and social care services escalated by 2.8% in real terms in 2022. This upsurge in healthcare expenses is, hence, propelling the expansion of the aspergillosis treatment market.
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What Trends Will Shape the Aspergillosis Treatment Market Through 2029 and Beyond?
Leading corporations in the aspergillosis treatment market are striving to maintain their standing by creating innovative drugs and solutions for aspergillosis. The development of these new treatments, like posaconazole oral suspension, offers novel and more efficient therapy choices for patients. In April 2023, for example, Hikma Pharmaceuticals PLC, a pharmaceutical firm based in the UK, introduced Posaconazole oral suspension in the US for treating aspergillosis. These medications are particularly useful for patients who are at a high risk of developing invasive aspergillus and candida infections due to severely compromised immune systems, such as hematopoietic stem cell transplant (HSCT) recipients with graft-versus-host disease (GVHD). Posaconazole oral suspension is also suggested for Oropharyngeal candidiasis (OPC), particularly OPC that resists treatment with itraconazole and fluconazole.
What Are the Main Segments in the Aspergillosis Treatment Market?
The aspergillosis treatment market covered in this report is segmented -
1) By Type: Allergic Aspergillosis, Chronic Aspergillosis, Invasive Aspergillosis, Other Type
2) By Drug Class: Corticosteroids, Antifungal drugs, Other Drug Class
3) By Route of Administration: Oral, Injectable, Other Route Of Administration
4) By Distribution Channel: Hospital pharmacies, Retail pharmacies, Other Distribution Channel
Subsegments:
1) By Allergic Aspergillosis: Allergic Fungal Sinusitis, Allergic Bronchopulmonary Aspergillosis (ABPA)
2) By Chronic Aspergillosis: Chronic Pulmonary Aspergillosis, Chronic Cavitary Aspergillosis
3) By Invasive Aspergillosis: Pulmonary Invasive Aspergillosis, Disseminated Invasive Aspergillosis
4) By Other Type: Aspergilloma, Other Rare Forms of Aspergillosis
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Which Top Companies are Driving Growth in the Aspergillosis Treatment Market?
Major companies operating in the aspergillosis treatment market are Basilea Pharmaceutica Ltd., Pfizer Inc., Johnson and Johnson, AbbVie Inc., Bayer AG, Novartis AG, Merck and Co. Inc., Sanofi S.A., Bristol Myers Squibb Company, AstraZeneca PLC, GSK PLC, Takeda Pharmaceutical Company, Eli Lilly and Company, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries, Astellas Pharma Inc., Regeneron Pharmaceuticals, Mylan N.V., Sun Pharmaceutical Industries, Jazz Pharmaceuticals, Dr. Reddy's Laboratories, Cipla Ltd., Bruker Corporation, Hikma Pharmaceuticals PLC.
Which Regions Will Dominate the Aspergillosis Treatment Market Through 2029?
North America was the largest region in the aspergillosis treatment market in 2024. The regions covered in aspergillosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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