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.
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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.
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.
Drivers
- Rising incidences of infectious diseases
The rising incidences of infectious diseases such as hepatitis, diphtheria, and Lyme disease will act as a major driver that will expand the growth rate of the market. According to the Centers for Disease Control and Prevention, in 2016 and 2017, there were 0.62 and 1.03 new cases of communicable disease per 100,000 people in the United States, respectively.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of communicable diseases treatment market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
- Increasing number of geriatric population
The increasing number of geriatric population is estimated to enhance the market's growth rate. According to the World Ageing 2020 estimate, there will be 727 million people aged 65 and up in the year 2020. In 2050, this population is expected to increase to 1.5 billion. The proportion of the geriatric population is estimated to rise. The elderly population is expected to grow, and this will enhance the market's growth rate as they are more prone to communicable diseases.
Top 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.), Sanofi (France), Merck KGaA (Germany), Sun Pharmaceutical Industries Ltd. (India), Endo International plc (Ireland), Apotex Inc. (Canada), Amneal Pharmaceuticals LLC. (U.S.), Fresenius Kabi AG (Germany), Torrent Pharmaceuticals Ltd. (India)
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