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Rising Pneumonia Cases Fuel Demand For Advanced Treatments: Powering Innovation and Expansion in the Global Pneumonia Therapeutics Market by 2025
Pneumonia Therapeutics
What Is the Expected CAGR for the Pneumonia Therapeutics Market Through 2025?
The market encompassing pneumonia therapeutics has experienced swift expansion lately, projected to increase from a valuation of $10.35 billion in 2024 to $11.46 billion the following year, reflecting a compound annual growth rate of 10.7%. This upward trajectory in the past has been fueled by several factors: a higher incidence of strains resistant to medication, greater consciousness regarding how to avoid pneumonia, an augmentation in the count of aging individuals and those with weakened immune systems, widespread immunization initiatives, and enhancements made to medical facilities.
What's the Projected Size of the Global Pneumonia Therapeutics Market by 2029?
Forecasting significant expansion, the market for pneumonia therapeutics anticipates swift advancement, projected to achieve a valuation of $17.11 billion by 2029, reflecting a compound annual growth rate of 10.6% over the projection timeframe. This upward trajectory is fueled by several factors, including the proliferation of antibiotic-resistant pathogens, the mounting incidence of pneumonia within geriatric cohorts, the broader utilization of remote medical consultation for initial disease identification, escalating healthcare spending across developing economies, augmented investment in infectious disease investigation, and intensified public knowledge initiatives. Key developments shaping the market during this period will encompass the creation of monoclonal antibody treatments, the increasing deployment of inhaled antibiotic formulations, progress in formulating vaccines based on messenger RNA technology, the integration of artificial intelligence for diagnostic instruments, the uptake of therapies focused on the host response, the emergence of new immunomodulatory agents, and improvements in swift, on-site diagnostic systems.
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Top Growth Drivers in the Pneumonia Therapeutics Industry: What's Accelerating the Market?
Anticipated expansion in the occurrence of pneumonia is set to fuel the expansion of the market for pneumonia treatments moving ahead.Pneumonia is characterized as an inflammation of the lung air sacs resulting from an infection, frequently manifesting through indicators like coughing fits, elevated temperature, and labored respiration.This escalation in pneumonia instances can be linked to several contributing elements, including the aging demographic, atmospheric contamination, tobacco use, compromised immunity, resistance to antimicrobials, and the circulation of respiratory illnesses such as influenza or COVID-19.Therapies for pneumonia function by confronting the underlying source of the infection-be it fungal, viral, or bacterial-through specialized pharmaceuticals, simultaneously aiding recuperation via anti-inflammatory medications, symptom alleviation, and the provision of supplemental oxygen.To illustrate this impact, data from the National Center for Biotechnology Information, a US governmental body, indicated in January 2023 that pneumonia impacts roughly 120 million individuals worldwide each year, leading to an estimated 1.3 million fatalities.Furthermore, almost 80 percent of fatal pediatric pneumonia cases are concentrated among youngsters under the age of two residing in emerging nations.Consequently, this escalating incidence rate of pneumonia is a primary impetus behind the growth trajectory of the pneumonia therapeutics market.
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What Trends Will Shape the Pneumonia Therapeutics Market Through 2029 and Beyond?
Key players within the pneumonia treatment arena are concentrating their efforts on formulating novel drug compositions and therapeutic approaches, notably incorporating antibiotic agents to combat growing antibiotic resistance and enhance recovery rates for patients.Antibiotic medications constitute a category of pharmaceuticals engineered explicitly for combating infections caused by bacteria.As a recent illustration, in the month of June 2024, the Indian pharmaceutical entity Orchid Pharma Limited entered into a partnership with fellow Indian pharmaceutical firm Cipla Limited for the launch of cefepime-enmetazobactam, an antibiotic pairing intended for managing complicated infections such as pneumonia and urinary tract infections, especially in cases exhibiting resistance to previously used drugs; this specific combination is vital for achieving efficacy against bacterial resistance, thereby ensuring successful treatment while reducing reliance on more potent antimicrobial agents.
What Are the Main Segments in the Pneumonia Therapeutics Market?
The pneumonia therapeuticsmarket covered in this report is segmented -
1) By Product: Drugs; Vaccine; Oxygen Therapy
2) By Infection: Hospital-Acquired Pneumonia (HAP); Community-Acquired Pneumonia (CAP); Ventilator-Associated Pneumonia (VAP)
3) By Route Of Administration: Oral; Parenteral; Other Routes Of Administration
4) By End Use: Hospitals; Homecare; Specialty Clinics; Other End Users
Subsegments:
1) By Drugs: Antibiotics; Antiviral Drugs; Antifungal Drugs; Corticosteroids; Other Drugs
2) By Vaccine: Pneumococcal Vaccines; Haemophilus Influenzae Type B (Hib) Vaccines; Influenza Vaccines; Other Vaccines
3) By Oxygen Therapy: High-Flow Nasal Cannula (HFNC); Non-Invasive Ventilation (NIV); Mechanical Ventilation; Other Oxygen Therapies
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Which Top Companies are Driving Growth in the Pneumonia Therapeutics Market?
Major companies operating in the pneumonia therapeutics market are Pfizer Inc., Roche AG, Merck & Co. Inc., AbbVie Inc, Bayer AG, Sanofi S.A., AstraZeneca PLC, Abbott Laboratories, Novartis AG, GSK plc, Eli Lilly and Company, Astellas Pharma Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Cipla Inc., Hikma Pharmaceuticals PLC, Shionogi & Co. Ltd, Lupin Limited, Swedish Orphan Biovitrum AB, Nabriva Therapeutics plc, TaiGen Biotechnology Co. Ltd, Aridis Pharmaceuticals Inc., Tergene Biotech Limited.
Which Regions Will Dominate the Pneumonia Therapeutics Market Through 2029?
North America was the largest region in the pneumonia therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pneumonia therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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