The new report from Market Experts Research titled, “Global Pneumonia Treatment Market Size, Share, Report and Forecast 2023-2028”, provides an in-depth analysis of the global pneumonia treatment market, assessing the market based on its segments such as medicines, vaccines. , Oxygen Therapy and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
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Highlights of the report include:
Market Overview (2018-2028)
• Historical market value (2020): $15.8 billion
• Forecast CAGR (2023-2028): 7.8%
• Estimated market value (2026): $24.8 billion
According to WHO estimates from 2019, pneumonia kills 15% of all children under the age of five in the world. This is due to the weakening of the immune system of children from malnutrition and malnutrition. Preexisting diseases, as well as environmental variables, including air pollution and passive smoking, are also important risk factors.
Furthermore, as the population ages, more and more people are becoming susceptible to pneumococcal infections. In this context, countries around the world and international organizations are taking steps to curb the spread of pneumonia and reduce the risks associated with it. For example, the Global Action Plan on Pneumonia and Diarrhea (GAPPD), a program of WHO and UNICEF, aims to prevent, protect and cure children in Bangladesh, Uganda, India and Kenya. Other organizations around the world include the Gates Foundation, which uses public-private funding systems to promote drug access and research and development.
Pneumonia Treatment Industry Definition and Key Segments
Pneumonia is a respiratory infection that causes inflammation of the air sacs in one or both lungs. Fluid in these air sacs, called alveoli, inflames them, making breathing uncomfortable and limiting oxygen intake. Coughing, fever and chills are some of the symptoms. Viruses, bacteria and fungi all play a role in the development of pneumonia.
In addition, bacterial pneumonia can spread through coughing and sneezing droplets in the air. It can also be transmitted through the bloodstream. Furthermore, the severity of the disease can range from minor to life-threatening. Pneumonia infection, on the other hand, can be avoided with immunization, proper nutrition, and addressing environmental variables.
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Based on Product, the market covers:
- B-lactamase inhibitors
- Glycopeptide antibiotics
- Oxygen therapy
Key regional markets include:
• North America
• Latin America
• Middle East and Africa
Pneumonia Treatment Market Trends
The vaccines category is expected to hold a significant market share in the pneumonia treatment industry, based on product. This increase can be attributed to the high costs of drug treatments, as well as the increase in antibiotic resistance. In addition, research shows that pneumococcal vaccines such as pneumococcal conjugate vaccine (PCV13) and pneumococcal polysaccharide vaccine (PPSV23) are effective in preventing pneumonia in children under the age of two and individuals over the age of 65.
North America is estimated to account for a significant share of the pneumonia treatment market during the forecast period. This increase can be attributed to a growing awareness of pneumonia in the region. Additionally, governments are aggressively investing in healthcare infrastructure to reduce mortality risks from pneumonia, due to the region’s growing geriatric population, which is more susceptible to such illnesses. Additionally, resistance to existing drugs has been reported in people of all ages, calling for more research and development into pneumonia treatment options in order to find an effective cure for the disease, such as vaccines that may work for many types of pneumonia. These factors are expected to have a significant impact on the development of the industry.
Major market players
Key players in the market are Pfizer Inc, Bayer AG, Abbott Laboratories, Novartis AG, GlaxoSmithKline Plc, Lupine Pharmaceuticals, Inc, among others.
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