Diphtheria Treatment Market Forecasts by Industry Drivers, Regions Till 2023

Market Research Future adds the “Diphtheria Treatment Market Research Report- Global Forecast till 2023” report to their unique collection. It is estimated that the Diphtheria Treatment market is expected to grow at a CAGR 6.4% during the forecast period of 2020-2023.

Key Players:

Leading players in the global Diphtheria treatment Market Size mentioned in the report include Chiron Pharmaceuticals Pvt Ltd, Wyeth, Serum Institute of India, Wuhan Institute of Biological Products, Shanghai Institute of Biological Products, Merck and Co, Sanofi-Pasteur, GSK, Bharat Pharmaceuticals and Taj Pharmaceuticals Limited.

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Market Analysis:

Diphtheria is a severe bacterial infection which affects the mucous membranes both of the nose and throat. It is caused by Corynebacterium diphtheria which is a bacterium which results in fever and severe sore throat leading to barking cough and narrowing of the air passages. This bacterial infection is also likely to affect the genitals, eyes and skin thereby causing kidney problems, bleeding and myocarditis. It is a type of infection that is spread among humans only and can be contagious through direct physical contact with infected skin lesions, secretions from the throat or nose like saliva and mucus, droplets breathed out in the air and objects like clothes or bedding that has been used by the infected person. The common symptoms of diphtheria include fast heart rate, nasal discharge, weakness, fever and swollen glands. This bacterial infection can easily spread to any person who is immunized against it.

Being a vaccine-preventable disease, an effective means of preventing it is by vaccinating people at an early age and prevent those that are infected from coming in contact with non-immunized or uninfected people. An infected person, however who is already a carrier of diphtheria can be vaccinated or given antibiotics for eliminating the bacteria thereby reducing the possibility of carriers transmitting bacteria into another person. The most common diphtheria vaccine used in case of children is DTAP and that in case of adults is Tdap. These vaccines have mild side effects like mild fever, soreness at the site of the injection and pain. The vaccination helps in stimulating and training the body immunity to recognizing and destroying the microbial threat during future encounters.

The Global Diphtheria Treatment Market is developing at a slow pace and this can be linked to factors such as the vaccine’s high efficiency and effectiveness, side effects resulting from the vaccine like allergies and type A immune reaction, falling profitability in the manufacture of vaccines and variability in the vaccines efficacy. Financial restraints like a fall in the ROI (returns on investment) along with the resultant exit of players from the vaccine manufacture is likely to affect the growth of diphtheria vaccines in the future. Taking all these factors into consideration, the Global Diphtheria Treatment Market is anticipated to touch USD 5 billion towards the end of 2023. The diphtheria treatment market is projected to grow vigorously at 3.2% CAGR during the forecast period 2017-2023.

Market Segmentation:

Market Research Future report provides a comprehensive segmental analysis of the global diphtheria treatment market on the basis of product type, treatment and end users.

Based on the product type, it is segmented into Diphtheria Toxoid and Pertussis (DTaP), Tetanus-diphtheria (Td), Tetanus Toxoid (TT) and Tetanus Immune Globulin (TIG).

Based on the treatment, it is segmented into antibiotics, macrolides, antitoxin and others.

Based on end users, the diphtheria treatment market is segmented into academics and research, clinics, hospitals and others.

Regional Analysis:

Based on region, the diphtheria treatment market is segmented into US, Europe, Asia Pacific and the Middle East and Africa. US has the largest market share and this can be linked to the factors such as higher healthcare expenditure and promising reimbursement scenario. Also, the quick market uptake here with regards to new technology is another reason behind the growth of this market here. US is followed by Europe which holds the second place owing to rising awareness and huge disposable income. The fastest region however is the Asia Pacific due to the huge unmet needs that is led by India and China. The market in the Middle East and Africa is led by UAE and Saudi Arabia. Africa is the poor region that is likely to be laggard because of inferior healthcare penetration and poor political and economic conditions. Asia Pacific is anticipated in overtaking the developed regions in the future.

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