The strep throat treatment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Strep Throat Treatment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The strep throat treatment market size has grown strongly in recent years. It will grow from $1.97 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to the rising prevalence of streptococcal infections, increased awareness and diagnosis, antibiotic accessibility, healthcare infrastructure, government health initiatives, a rising pediatric population, and economic growth.
The strep throat treatment market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to emerging antibiotic resistance, telemedicine adoption, global health initiatives, an aging population, healthcare access in developing regions, and pharmaceutical R&D investments. Major trends in the forecast period include telemedicine integration, rapid diagnostic test innovation, AI and machine learning, antibiotic development, biotechnology advances, wearable health technology, e-pharmacies, and digital health.
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Scope Of Strep Throat Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Strep Throat Treatment Market Overview
Market Drivers –
The rising incidence of bacterial infections is expected to propel the growth of the strep throat treatment market going forward. Bacterial infections are diseases caused by harmful bacteria that invade the body, multiply, and produce toxins. The rise in bacterial infections stems from antibiotic overuse, global travel, urbanization, poor hygiene, and healthcare-associated infections. Strep throat treatment addresses bacterial infections by providing effective medication and care, thereby alleviating symptoms, reducing the duration of illness, and preventing complications while helping healthcare providers manage patient outcomes and combat the spread of infections. For instance, in June 2023, according to a report published by the Office for Health Improvement and Disparities, a UK-based governmental body, a total of 4,622 notifications of scarlet fever Group A Streptococcus bacteria were received from week 37 to week 46 during the 2022-2023 season in England, with 851 notifications received in week 46 alone. This is significantly higher than an average of 1,294 notifications (ranging from 258 to 2,008) for the same period (weeks 37 to 46) over the previous five years. Therefore, a rising incidence of bacterial infections is driving the strep throat treatment market.
Market Trends –
Major companies operating in the strep throat treatment market are developing new treatment options with improved tablets and sprays to improve patient outcomes and treatment efficacy. Tablets and sprays designed for strep throat infections help alleviate symptoms by numbing pain, soothing irritation, and providing temporary relief to the throat. For instance, in November 2021, Mucinex, a US-based cold and cough medication brand, launched Mucinex InstaSoothe, a new line of products specifically designed to alleviate sore throat pain and discomfort during the cold and flu season. This new product line includes Mucinex InstaSoothe Sore Throat + Soothing Comfort Lozenges, Mucinex InstaSoothe Sore Throat + Cough Relief Lozenges, and Mucinex InstaSoothe Sore Throat + Pain Relief Spray. These products are formulated with specific active ingredients such as hexylresorcinol, dextromethorphan HBr, benzocaine, and menthol, designed to quickly numb, soothe, and relieve sore throat pain for up to two hours.
The strep throat treatment market covered in this report is segmented –
1) By Treatment Type: Antibiotics, Pain Relievers, Other Treatment Type
2) By Diagnosis: Antibody Test, Physical Examination, Throat Culture, Other Diagnosis
3) By Route Of Administration: Oral, Topical, Injectable
4) By Disease Type: Acute Strep Throat, Pharyngitis, Tonsillitis, Laryngitis, Other Disease Type
5) By End-Users: Hospitals, Specialty Clinics, Diagnostic Laboratories, Other End-Users
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Regional Insights –
North America was the largest region in the strep throat treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strep throat treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the strep throat treatment market are Pfizer Inc., Johnson And Johnson, Merck And Co. Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, Novartis AG, F. Hoffmann-La Roche AG, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc (GSK), C.H. Boehringer Sohn AG And Co. KG, Eli Lilly and Company, Amgen Inc., Novo Nordisk A/S, Reckitt Benckiser Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., Daiichi Sankyo Company Limited, Astellas Pharma Inc., Biogen Inc., Vertex Pharmaceuticals, Eisai Co. Ltd., Mylan N.V
Table of Contents
1. Executive Summary
2. Strep Throat Treatment Market Report Structure
3. Strep Throat Treatment Market Trends And Strategies
4. Strep Throat Treatment Market – Macro Economic Scenario
5. Strep Throat Treatment Market Size And Growth
…..
27. Strep Throat Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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