Transparency Market Research (TMR) has published a new report titled, “Gram-Positive Bacterial Infections Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report the global gram-positive bacterial infections market was valued at US $ 51,457.9 Mn in 2017. It is projected to expand at a CAGR of 1.5% for the forecast period of 2018 to 2026. The gram-positive bacterial infections market is projected to expand during the forecast period owing to an increase in the number of cases of gram-positive bacterial infections and rapid rise in antibacterial resistance.
Moreover, factors such as increased government initiatives and funding for R&D activities & newer bacterial infection treatment and infection control in healthcare settings drive the global gram-positive bacterial infections market. North America dominated the global gram-positive bacterial infections market and is expected to maintain its position owing to a rise in the prevalence of bacterial infections, better diagnosis, and treatment rate in the region. Asia Pacific is a lucrative market for gram-positive bacterial infections. The market in Asia Pacific is expected to expand at a CAGR of 1.9% during the forecast period.
Rise in the number of infection cases due to gram positive bacteria is a major factor driving the global gram-positive bacterial infections market. These infections are more prevalent in recent times, which need better antibacterial drugs to cure. For instance, according to the study done by team of scientists from the University of Oxford, U.K. and the NHS Foundation Trust, U.K., cases of community-acquired pneumonia increased by 4% between 1998 and 2008 and 8% between 2008 and 2014, respectively. Rapid rise in antibacterial resistance and infection control in health care settings is also boosting the global market. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC) estimates, antibacterial resistance is responsible for over 2 million infections and 23,000 deaths in the U.S. each year. Similarly, increased government initiatives for newer bacterial infection drug discoveries is also major driver of the global gram-positive bacterial infections market.
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Antibiotic is a dominant segment of the gram-positive bacterial infections market. It is expected to maintain its position and account for 62.2% share of the market by 2026, expanding at a CAGR of 1.4% between 2018 and 2026. The segment is anticipated to reach a value of US $ 36,535.9 Mn by 2026. Efficacy of antibiotics in treating a wide spectrum of bacterial infections and development of novel approaches for new antibiotics are likely to propel the segment of the global market during the forecast period.
Sinusitis was a dominant segment of the gram-positive bacterial infections market in 2017. It is expected to maintain its position and hold 43.4% share of the market by the end of 2026. The otitis segment is anticipated to reach a value of US $ 2,252.8 Mn by 2026. It is projected to account for 3.8% share of the market by 2026 and expand at a CAGR of 3.1% during the forecast period. Otitis is a highly lucrative segment due to a rise in the prevalence of otitis media and the efficacy and safety of antibacterial agents to cure the infection.
In terms of route of administration, the global market has been segmented into enteral, parenteral and others. The enteral segment held a major market share of the global market in 2017. It is anticipated to expand and account for a prominent share of the market during the forecast period. The enteral segment is projected to hold 66.9% share by 2026. The others segment is likely to expand at a CAGR of 2.1% during the forecast period. Expansion of this segment can be attributed to ease of use, lower risk of developing bacterial resistance, and higher concentrations in infected areas.
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