The Global Meningococcal Meningitis Treatment Industry has a market value of US$ 170.75 Million in 2022 and is predicted to have a market value of US$ 283 Million by 2023 to 2033, at a CAGR of 4.7%. Meningococcal Meningitis treatment market growth can be attributable to illness prevalence, increased vaccine availability, and increased disease awareness. From 2018 to 2022, the market for Meningococcal Meningitis treatment grew at a CAGR of 3.1%.
The increasing prevalence of the disease, the availability of vaccines, and the growing awareness of the disease all contribute to the market’s growth. The treatment market is particularly significant in areas where the disease is more prevalent, such as the meningitis belt in Sub-Saharan Africa.
The primary treatment for meningococcal meningitis is antibiotics, such as penicillin, ceftriaxone, or ciprofloxacin, to kill the bacteria causing the infection. Supportive care, including hospitalization, intravenous fluids, and oxygen therapy, is also essential for individuals with meningococcal meningitis.
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The meningococcal meningitis treatment market is expected to continue to grow in the coming years, driven by increasing awareness about the disease, improvements in treatment options, and the availability of vaccines. Additionally, the rising incidence of the disease in some regions, such as Europe and North America, is likely to contribute to the growth of the market.
In conclusion, the meningococcal meningitis treatment market is significant due to the high incidence of the disease worldwide. Treatment typically involves antibiotics and supportive care, while vaccination is an important preventive measure. The market is expected to continue to grow in the coming years, driven by several factors, including the increasing prevalence of the disease and the availability of vaccines.
Key Takeaways from the Global Meningococcal Meningitis Treatment Industry Study
- Meningococcal meningitis treatment market is expected to grow at a value of 4.7% CAGR in the forecast period 2023 to 2033
- By treatment type, antibiotic therapy is expected to hold 45% of the market share in 2023 for Meningococcal Meningitis treatment market.
- North America is expected to possess 47% market share for Meningococcal Meningitis treatment market in 2023.
- Europe Meningococcal Meningitis treatment market size is expected to possess 42% market share in 2023.
“Development of antibiotic therapies and vaccines along with research and development is expected to drive the growth of the market in the upcoming years.” states an FMI analyst
Meningococcal meningitis is a bacterial infection that causes inflammation of the membranes surrounding the brain and spinal cord. Intravenous immunoglobulin (IVIG) meningitis depends on the severity of the infection, and the medications used typically include antibiotics and supportive care.
Global Meningococcal Meningitis Treatment Industry Competitive Landscape
- Novartis has conducted research into new treatments for meningococcal meningitis. For example, the company has worked on the development of a monoclonal antibody therapy for the disease, which aims to neutralize the bacteria responsible for meningococcal meningitis.
- Nuron Biotech is a biotechnology company that has been involved in the development and production of a meningococcal vaccine called Menomune. Menomune is a vaccine used to help protect against four different strains of meningococcal disease (A, C, Y, and W-135). The vaccine is approved for use in individuals aged 2 years and older in several countries around the world.
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Key Companies Profiled in the Global Meningococcal Meningitis Treatment Industry:
- Biomed Pvt. Ltd
- Novartis
- Nuron Biotech
- Pfizer
- Baxter
- Merck & Co.
- Sanofi
- GlaxoSmithKline Plc.
- Hoffmann-La Roche Ltd.
- Athlone Laboratories
- Wockhardt Ltd.
Key Segments Profiled in the Global Meningococcal Meningitis Treatment Industry Survey
Causative Micro-organism:
- Bacterial
- Viral
- Fungal
Treatment Type:
- Antibiotic Therapy
- Penicillin
- Ampicillin
- Chloramphenicol
- Ceftriaxone
- Adjunctive Therapy
Route of Administration:
- Injectable
- Oral
Vaccine Type:
- Meningococcal Conjugate Vaccine
- Meningococcal Polysaccharide Vaccine
- Combination Vaccine
Distribution channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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