New York, NY, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Pneumonia Therapeutics Market by Product Type (Drugs (Branded and Generics), Vaccines, and Oxygen Therapy), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“According to the research study, the global Pneumonia Therapeutics Market was estimated at USD 14.99 Billion in 2019 and is expected to reach USD 25.67 Billion by 2026. The global Pneumonia Therapeutics Market is expected to grow at a compound annual growth rate (CAGR) of 8% from 2019 to 2027”.
Pneumonia is a severe inflammation of the lungs. It can be fatal in some people, particularly the elderly and those with respiratory disorders. COVID-19, a disease caused by a novel coronavirus, can spread to the lungs, causing pneumonia. The disease associated with the new coronavirus was originally referred to as novel coronavirus-infected pneumonia (NCIP). It was renamed COVID-19 by the World Health Organization, short for coronavirus disease in 2019. The ongoing COVID-19 pandemic has a positive impact on the demand patterns in the pneumonia therapeutics industry.
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(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2027
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Increasing numbers of cases are expected to boost the growth of the global market for pneumonia therapy. The global pneumonia therapeutics industry is expected to offer huge opportunities to producers, vendors, and customers around the globe. The growing prevalence of community-acquired pneumonia, particularly among younger individuals, is also a key factor contributing to market growth. Additionally, a Consistent increase in funding opportunities for research for the development of new products is expected to broaden the scope for growth over the coming years.
Top Market Players
Key players operating in the pneumonia therapeutics market not restricted to include Bayer AG, Lupin Pharmaceuticals, Inc., Abbott, Allergan, Pfizer, Inc., GlaxoSmithKline plc, Novartis AG, and Merck & Co., Inc. Key operating players in the global pneumonia therapeutics market are aiming towards the mergers and acquisitions in order to get the competitive edge in the market. For instance, Merck & Co., Inc. is focusing on the development of the V114 pneumococcal vaccine currently under investigation in phase II trials.
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The global pneumonia therapeutics market is segmented on the basis of product type and region. On the basis of product type, the global pneumonia therapeutics market is divided into drugs, vaccines, and oxygen therapy. The drugs category is further divided into branded and generics. The branded drug category includes Aminopenicillins, Quinolones, Macrolides, B-lactamase inhibitors, Cephalosporins, Tetracyclines, Glycopeptide antibiotics, Carbapenems, and Others. The generic drug category includes Quinolones, Macrolides, and Others.
The outbreak of the COVID-19 epidemic across the globe has a positive impact on the global pneumonia therapeutics market. Increasing numbers of cases are anticipated to boost the growth of the global pneumonia therapeutics market. The global pneumonia therapeutics industry is expected to offer huge opportunities to manufacturers, vendors, and customers across the globe. Improved prevalence of pneumococcal disease is a high impact factor. Over the years, there has been a significant increase in the number of community-acquired and ventilator-associated bacterial pneumonia. Further, the growing prevalence of community-acquired pneumonia, particularly among younger individuals, is also a key factor contributing to market growth.
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The global pneumonia therapeutics market is segmented on the basis of product type and region. On the basis of product type, the global pneumonia therapeutics market is divided into drugs, vaccines, and oxygen therapy. The drugs category is further divided into branded and generics. The branded drug category includes Aminopenicillins, Quinolones, Macrolides, B-lactamase inhibitors, Cephalosporins, Tetracyclines, Glycopeptide antibiotics, Carbapenems, and Others. The generic drug category includes Quinolones, Macrolides, and Others.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2020-2026. This is attributed to growing incidences of COVID -19, growth in the geriatric population, increasing multidrug resistance in adults & children that reiterates the need for the development of advanced generation therapeutics in the region. Asia Pacific is anticipated to grow at a significant CAGR in the near future. The growth in the Asia Pacific countries is owing to the increasing occurrence of pneumococcal disease, unmet medical needs, increased antimicrobial tolerance, and increased conditions leading to a compromised immune system in the countries of the Asia Pacific.
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This report segments the pneumonia therapeutics market as follows:
Global Pneumonia Therapeutics Market: By Product Type
- Drugs
- Branded
- Quinolones
- Aminopenicillins
- Macrolides
- B-lactamase inhibitors
- Cephalosporins
- Tetracyclines
- Glycopeptide antibiotics
- Carbapenems
- Others
- Generics
- Quinolones
- Macrolides
- Others
- Branded
- Vaccines
- Oxygen Therapy
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