Towards the end of 2021, the global tuberculosis therapeutics market was estimated to be worth approximately US$ 1.1 billion. The market is expected to grow at a 7.1% CAGR and reach a value of US$ 2.3 billion by 2032.
The rising prevalence of tuberculosis, as well as the increasing frequency of multi-drug resistant (MDR) and extensively drug-resistant tuberculosis (XDR) cases in developing nations, are expected to drive expansion in the tuberculosis treatments market.
As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Tuberculosis Therapeutics market is projected to witness robust growth during the forecast year 2022 to 2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Tuberculosis Therapeutics market.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Tuberculosis Therapeutics Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Tuberculosis Therapeutics market.
Key Tuberculosis Therapeutics Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Tuberculosis Therapeutics market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Tuberculosis Therapeutics Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Tuberculosis Therapeutics market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Tuberculosis Therapeutics Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Tuberculosis Therapeutics market. As per the survey, Tuberculosis Therapeutics sales will project steady growth over the forecast period.
- Tuberculosis Therapeutics Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Tuberculosis Therapeutics market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Tuberculosis Therapeutics Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Tuberculosis Therapeutics market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Tuberculosis Therapeutics market.
Some of the prominent market players are profiled by FMI are:
- AstraZeneca PLC
- Eli Lilly and Company
- GlaxoSmithKline PLC
- Johnson & Johnson
- Lupin Ltd.
- Merck & Co., Inc.
- Otsuka Pharmaceutical Co., Ltd.
- Panacea Biotec Ltd.
- Pfizer, Inc.
- Sanofi
- Novartis AG
- SunPharmaceuticals Industries Ltd
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Tuberculosis Therapeutics Demand Analysis by Category
By Disease Type:
- Active TB
- Latent TB
By Treatment Type:
- First-Line of Drugs
- Isoniazid
- Ethambutol
- Rifampin
- Second-Line of Drugs
- Thiacetazone
- Paraaminosalicyclic Acid (PAS)
- Others
By Diagnosis:
- Blood Tests
- Imaging Tests
- Chest X-ray
- CT scan
- Sputum Tests
- Others
By Dosage Form:
- Tablets
- Capsules
- Injections
- Others
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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