In recent years, the multidrug resistant bacteria market is anticipated to grow rapidly during the forecast period. As per the Centers for Disease Control and Prevention (CDC), around 1.7 million illnesses and 99,000 related fatalities occur each year in American hospitals, according to the CDC. Additionally, the infection disease rate is expected to develop due to an increase in demand for point-of-care testing. In the future years, these factors are projected to influence the growth of the worldwide multidrug resistant bacteria market.
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Data Bridge Market Research analyses that the multidrug resistant bacteria market was valued at USD 10.359 billion in 2021 and is expected to reach USD 16.02 billion by 2029, registering a CAGR of 5.60% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Every now and then, a new strain of bacteria is discovered that has developed a high level of resistance to antibiotics. Multidrug resistant bacteria, also known as superbugs, are microorganisms that have developed resistance to multiple drugs or antibiotics used to treat infectious diseases.
Opportunities
Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the multidrug resistant bacteria market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate. Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the multidrug resistant bacteria market growth during the forecast period.
Multidrug Resistant Bacteria Market Regional Analysis/Insights
North America dominates the multidrug resistant bacteria market because of the introduction of newer drugs in this region. Additionally, growing presence of major key players and well-established healthcare infrastructure will further propel the market’s growth rate in this region. Asia-Pacific are expected to grow during the forecast period due to surging number of population and rising government initiatives in this region. Also, development of healthcare infrastructure will further propel the market’s growth rate in this region.
The keyplayers operating in the Multidrug resistant bacteria Market are F. Hoffmann-La Roche Ltd. (Switzerland), Sanofi (France), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Novartis AG (Switzerland), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Merck & Co., Inc. (US), AbbVie Inc. (US), Allergan (Ireland), Melinta Therapeutics LLC (US), Achaogen, Inc (US), Nabriva Therapeutics plc (Ireland), BioVersys AG (Switzerland), Destiny Pharma plc (UK), Armata Pharmaceuticals, Inc (US), Westway Health (Ireland), NEMESIS BIOSCIENCE LTD (UK), Tetraphase Pharmaceuticals (US), Vertex Pharmaceuticals Incorporated (US) among others.
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