Global Tuberculosis Drugs Market Report (Business Opportunities - Marketing & Sales)

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Global Tuberculosis Drugs Market Report


The global tuberculosis drugs market was estimated at USD 1,046 million in 2017 and is expected to reach USD 1,432 million in 2024 at a CAGR of 4.6% during the forecast period. Factor driving the market are increasing number of TB patients, rising awareness among people, and growing number of research and development activities in novel drug developments. Moreover, technological advancement in early stage detection, and government & non-government organizations initiatives to promote TB drugs are further augmenting the growth of the market. However, some adverse drug reaction to the body may inhibit the market growth.

TB is caused by the Mycobacterium tuberculosis bacteria and is highly contagious disease. It is caused by inhaling tuberculosis bacilli in the air. According to the World Health Organization (WHO) in 2016, about 10.4 million people across the globe became infected with it. In developing countries, tuberculosis remains a significant cause of both illness and death. TB is second to HIV as the leading infectious killer of the adults worldwide. Apart from its health consequences, there are many economic impact of the disease which is staggering, making TB a major contributor to poverty.

Asia Pacific and Africa leads in Tuberculosis drugs market

Asia-Pacific holds the maximum share of the market, due to growing number of TB patients in countries such as India and China, as well as its high incidence rate in this region. There are almost 47% of multi-drug-resistant tuberculosis (MDR-TB) cases in China, and India. In Middle East and Africa, the growth of the market is due to growing number of new TB patients every year and increasing prevalence of the disease. Mostly, the cases of TB are found amongst the age group of 15-49 years. According to WHO, billions of investment is needed for research and developments. This investment would significantly improve the market in future.

Browse full research report with TOC on “Global Tuberculosis Drugs Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-tuberculosis-drugs-market-report/

To purchase report : sales@energiasmarketresearch.com

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Last Update : Jul 18, 2018
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Item  Owner  : Energias Market Research
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