According to the World Health Organization (WHO), about 37.9 million people worldwide were infected with HIV in 2018. The majority of this prevalence is seen in poor and middle-income nations, with 66 percent of the population living in Sub-Saharan Africa. In 2016, around 6.3 million new cases of tuberculosis (TB) were reported, according to the WHO's 2017 Global Tuberculosis Report. As per the research, the new cases accounted for 61 percent of the anticipated 10.4 million cases of tuberculosis. Infectious agents such as fungi, viruses, bacteria, and parasites are the most common causes of communicable disorders.
Furthermore, some communicable diseases are transmitted by the air, contaminated food or beverages, contaminated surfaces, and blood or bodily fluids. A bite from an infected animal can also spread infectious disease. Some communicable diseases have relatively minor symptoms that go away on their own. Others may result in severe symptoms or life-threatening complications. Depending on the disease process and clinical appearance, patients require different treatments.
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Data Bridge Market Research analyses that the communicable diseases treatment market was valued at USD 28.1 billion in 2021 and is expected to reach USD 47.0 billion by 2029, registering a CAGR of 6.64% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
A communicable disease is one that can be passed from person to person or animal to animal. These diseases are caused by pathogens including viruses, bacteria, and fungus. Vaccines are a powerful tool for preventing viral diseases. Antibiotics may be needed to treat a bacterial infections. These drugs can help kill bacteria or slow them down enough that the immune system can fight them off. Antifungal prescriptions and, in rare situations, intravenous medicine may be required for a severe or chronic fungal infection. Over-the-counter topical ointments can be used to treat various benign diseases such as ringworm and athlete's foot.
Opportunities
- Rise in R&D activities
The market's growth is fueled by growing number of research and development activities. This will provide beneficial opportunities for the communicable diseases treatment market growth. Antibiotic overuse leads to microbial resistance. As a result, the global market is projected to be propelled by the launch of innovative therapies and products. Players in the industry are working on new goods and investing in research and development. For instance, Merck Sharp & Dohme Corp is one of the market's major competitors, with an aggressive research and development program aimed at addressing unmet medical needs in the prevention and treatment of infectious disease.
North America and Europe dominate the communicable diseases treatment market because of the rising healthcare expenditure and vulnerable AIDS population in this region. Additionally, the growing focus of major key players in research and development activities will further propel the market's growth rate.
Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2022-2029 due to the growing number of patient populations and the large number of generic manufacturers in this region. Also, the development of healthcare infrastructure and rising government initiatives will further propel the market's growth rate in this region.
Some of the major key players operating in the market are Eli Lilly and Company (U.S.), AstraZeneca (U.K.), Novartis AG (Switzerland), Johnson & Johnson Private Limited (U.S.), Teva Pharmaceutical Industries Ltd. (Ireland), Merck & Co., Inc. (U.S.), Allergan (Ireland), Bausch Health Companies Inc. (Canada), Abbott (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer Inc. (U.S.), GlaxoSmithKline plc (U.K.)
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