PUBLISHER: Allied Market Research | PRODUCT CODE: 1365819
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365819
According to a new report published by Allied Market Research, titled, "Typhoid Treatment Market," The typhoid treatment market was valued at $2.9 billion in 2022, and is estimated to reach $4.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
The treatment of typhoid involves the use of antibiotics to target and kill the Salmonella bacteria. Commonly prescribed antibiotics include fluoroquinolones, cephalosporins, and azithromycin. However, due to rise in antibiotic resistance, treatment choices may vary based on local resistance patterns and individual patient factors. Adequate hydration, rest, and a balanced diet are essential to support the body during recovery.
The growth of the typhoid treatment market is mainly attributed to a rise in prevalence of typhoid infections. For instance, according to Centers for Disease Control and Prevention (CDC) 2023, updated modeling study estimated 9.2 million typhoid fever cases and 110,000 deaths occurred globally, with the highest estimated incidence in the South-East Asian. In addition, growing population, urbanization, and lack of sanitization factors contribute to the increase in prevalence of typhoid infections. Thereby driving the market growth.
In addition, the increasing trend of global travel and tourism has become a significant contributing factor to the prevalence of typhoid infections, ultimately driving the growth of the typhoid treatment market. As people travel across international borders, they can unknowingly carry the Salmonella typhi bacteria, which causes typhoid fever, from one region to another. This cross-border transmission of the bacteria leads to the spread of typhoid to new areas, where it may not have been prevalent before.
Tourists and travelers often visit destinations with varying levels of hygiene and sanitation standards, including places with limited access to clean drinking water and proper sanitation facilities. In such locations, there is an increased risk of consuming contaminated food and water, which are primary sources of typhoid transmission. In addition, crowded tourist attractions and transportation hubs can facilitate the rapid transmission of the bacteria among travelers.
Moreover, advancements in antibiotic development play a crucial role in driving the growth of the typhoid treatment market. Further, continuous initiatives in R&D for discovery of new oral antibiotics with improved efficacy, expanded spectrum of activity, and reduced side effects drive the market growth. In addition, the growing focus on use of combinational antibiotics for the treatment of resistant typhi bacteria contributes in meeting the unmet medical needs and improve patient outcomes, thereby driving the market growth.
However, the typhoid treatment market faces certain restraints that may impede its growth and development. The emergence and spread of antibiotic resistance pose a significant challenge. Over time, bacteria can develop resistance to the antibiotics, making them less effective in treating infections. This necessitates the development of new antibiotics or alternative treatment options, which can be time-consuming and costly. In addition, stringent regulations and guidelines related to antibiotic use and its prescription contribute to the challenges in the development and market availability of antibiotics for typhoid treatment. This is expected to hinder market growth.
Furthermore, increasing awareness about the importance of timely and appropriate treatment for typhoid infections further drives market growth. Healthcare professionals and public health campaigns emphasizing the appropriate use of antibiotics also contribute to this awareness, thereby boosting the market demand and combating drug resistant typhi infections.
The typhoid treatment market is segmented on the basis of treatment type, route of administration, distribution channel, and region. On the basis of treatment type, the market is classified into antibiotics, pain medication and others. The antibiotics segment is bifurcated into fluoroquinolones, macrolides, cephalosporins, and others. By route of administration; the market is divided into oral and intravenous. Depending on distribution channel, it is categorized into hospital pharmacies, drug stores and retail pharmacies, and online providers. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
Major players that operate in the market include Abbott Laboratories, Alkem Laboratories Ltd., Cipla Ltd., Bayer AG, Lupin Limited, Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Limited, F. Hoffmann-La Roche Ltd. and Teva Pharmaceutical Industries Limited.
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