SEATTLE, April 05, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global clostridium difficile diagnostics and treatment market was valued at US$ 1,376.0 million in 2017 and is projected to exhibit a CAGR of 8.2% over the forecast period (2017–2025).
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Key Trends and Analysis of the Clostridium Difficile Diagnostics and Treatment Market:
Novel therapies such as monoclonal antibodies are being developed for the treatment of C.difficile. For instance, the U.S. Food & Drug Administration approved Merck & Co., Inc.’s Zinplava (Bezlotoxumab) in 2016, and company launched Zinplava in U.K., in January 2018. CutisPharma launched FIRVANQ (vancomycin hydrochloride), an oral solution, in April 2018. Increasing research and development for alternative therapies such as microbiome therapeutics and vaccines (by Pfizer, Inc., and Valneva) is expected to positively impact growth of the market over the forecast period.
Manufacturers are focusing on offering reliable and effective molecular diagnostic tests such as polymerase chain reaction based assays and point-of-care diagnostics for C.difficile. HiberGene Diagnostics received CE mark for HG C.difficile test in 2016, and DiaSorin Molecular launched clostridium difficile molecular test in 2016. GenePOC, Inc. received U.S. FDA approval for GenePOC C.difficile molecular test in the U.S. in 2017. Furthermore, bioMérieux launched Vidas C.difficile toxin A&B test, for clostridium difficile A and B toxins in 2017.
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Key Market Takeaways:
- The market is expected to exhibit CAGR of 8.2% during the forecast period (2017–2025). This growth is attributed to increasing adoption of rapid molecular diagnostic tests for C.difficile, to provide accurate results in low turnaround time.
- Alternative therapies such as vaccines and microbiome therapeutics are under development stage, which is expected to aid in market growth in the near future
- Asia Pacific market is expected to witness significant growth, owing to presence of generic players such as Cipla and Lupin that offer generic drugs for C.difficile
- Some of the players operating in the clostridium difficile diagnostics and treatment market include Roche AG, Thermo Fisher Scientific Inc., Merck & Co., Pfizer, Inc., Actelion Pharmaceuticals, Abbott Laboratories, Trinity Biotech, Summit Therapeutics, Baxter International Inc., Sanofi S.A., Novartis AG, and AstraZeneca Plc.
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