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Global Bacterial Pneumonia Market Expected to Achieve 8.5% CAGR by 2029: Growth Forecast Insights
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Bacterial Pneumonia Market Size By 2025?
Experiencing robust expansion recently, the market for bacterial pneumonia is projected to advance from a valuation of $2.31 billion in 2024 up to $2.51 billion come 2025, reflecting an annual compounded growth rate of 8.7%; this historical upward trajectory is largely explainable by increasing cognizance regarding ailments affecting the respiratory system, a higher incidence of bacterial infections surfacing, an increasing segment of the elderly population, amplified spending on medical facilities and services, greater levels of city dwelling, and escalating air contamination.
How Big Is the Bacterial Pneumonia Market Size Expected to Grow by 2029?
Projections indicate vigorous expansion for the bacterial pneumonia market over the forthcoming years, anticipating it will reach a valuation of $3.48 billion by 2029, propelled by a compound annual growth rate (CAGR) of 8.5%. This upward trajectory in the projection timeframe stems from a confluence of factors, including escalated tobacco and alcohol consumption, augmented governmental support and financial allocations, a greater incidence of respiratory tract infections, growing resistance to antibiotics, broader availability of healthcare services, elevated recognition of bacterial pneumonia, and a substantial increase in the creation of innovative treatments and preventive vaccines. Key developments shaping this period encompass the creation of new antibiotic compounds, the integration of swift diagnostic instruments, progress in vaccination science, the rise of tailored medical strategies, the incorporation of artificial intelligence for managing the ailment, and the wider application of monoclonal antibodies.
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Which Key Market Drivers Powering Bacterial Pneumonia Market Expansion and Growth?
Anticipation of expanding occurrences of ailments affecting respiration is set to fuel the progression of the market concerned with bacterial pneumonia. Such respiratory ailments encompass medical states that impair the capacity to inhale and exchange gases, impacting the structures and tissues within the airways and lungs. A confluence of elements, encompassing environmental conditions, prevalent ways of life, population structure changes, and inherent genetic predispositions, contributes to the heightened incidence of these respiratory issues. As these conditions compromise immune defenses and inflict harm upon lung tissue, they establish conditions more favorable for bacterial pneumonia infections. As an illustration, data from the US governmental body, the Centers for Disease Control and Prevention, indicated that between 2022 and 2023, tuberculosis cases saw an escalation of 1,295 instances, climbing from 8,320 to 9,615 by March 2024. Consequently, the elevated frequency of respiratory sicknesses serves as a primary impetus for the expanding bacterial pneumonia market.
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Which Fast-Growing Trends Are Poised to Disrupt the Bacterial Pneumonia Market?
The leading entities within the bacterial pneumonia sector are concentrating their efforts on technological advancements in immunization methods, specifically the creation of conjugate vaccines, with the goals of augmenting the body's reaction, lifting effectiveness, and securing wider defense across various bacterial groups. Such vaccines function by attaching a less potent antigen to a transport protein to significantly strengthen the immune system. Illustratively, in the month of June in 2024, the United States' pharmaceutical giant, Merck & Co. Inc., secured authorization from the U.S. Food and Drug Administration (FDA) for their product, CAPVAXIVE, which is a Pneumococcal 21-valent Conjugate Vaccine. This immunization is designed to ward off invasive pneumococcal illness and pneumonia stemming from numerous serotypes of streptococcus pneumoniae, with its intended recipients being adults aged 18 and above. The market introduction of this vaccine represents a notable step forward in managing both bacterial pneumonia and other infections linked to pneumococcus.
What Are the Emerging Segments in the Bacterial Pneumonia Market?
The bacterial pneumoniamarket covered in this report is segmented -
1) ?? ????: Community-Acquired Pneumonia (CAP); Hospital-Acquired Pneumonia (HAP)
2) By Route Of Administration: Oral; Subcutaneous; Other Route Of Administration
3) By Treatments: Vaccines; Drugs
4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
Subsegments:
1) By Community-Acquired Pneumonia (CAP): Streptococcus pneumoniae; Haemophilus influenzae; Mycoplasma pneumoniae; Chlamydia pneumoniae; Legionella pneumophila
2) By Hospital-Acquired Pneumonia (HAP): Pseudomonas aeruginosa; Staphylococcus aureus; Klebsiella pneumoniae; Acinetobacter baumannii; Enterobacter spp
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Who Are the Global Leaders in the Bacterial Pneumonia Market?
Major companies operating in the bacterial pneumonia market are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Bayer AG, AstraZeneca PLC, Novartis AG, GSK plc, bioMerieux SA, Shionogi & Co. Ltd., Wockhardt Limited., Zai Lab Limited, Innoviva Inc., Eagle Pharmaceuticals Inc., Basilea Pharmaceutica Ltd., Paratek Pharmaceuticals Inc., Cumberland Pharmaceuticals Inc., Melinta Therapeutics Inc., Nabriva Therapeutics plc., Clarametyx Biosciences Inc., Evopoint Biosciences Inc., Vaxcyte Inc., Acurx Pharmaceuticals Inc.
Which are the Top Profitable Regional Markets for the Bacterial Pneumonia Industry?
North America was the largest region in the bacterial pneumonia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bacterial pneumonia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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