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Hospital-acquired pneumonia (HAP) drugs market
Market research analysts at Technavio predict that the global hospital-acquired pneumonia (HAP) drugs market will grow steadily during the forecast period and post a CAGR of more than 2% by 2021. This market research analysis identifies the inadequate healthcare infrastructure in the developing countries as one of the primary growth factors for this market.
The inadequate healthcare infrastructure and the lack of proper hygiene in developing countries are the major problems which lead to healthcare-associated infections. Infection control procedure and other hygienic necessities are influenced by several factors such as poor infrastructure, the lack of financial resources, and overcrowded hospitals. Inadequate sanitary conditions and the inappropriate use of sanitary drugs are some of the artificial factors leading to the development of MDR microorganisms, consequently rising HAP cases. This will increase the need for HAP drugs, which will, in turn, augment the growth prospects for the HAP drugs market.
The market research report identifies the emergence of combination therapy for the treatment of HAP as one of the key trends behind the growth of the HAP drugs market. Monotherapy is deemed to be the common treatment for pneumonia but it has been observed that combination treatment provides better results and is the appropriate and desirable treatment. The increased resistance of pathogens to the administered drug triggers the demand and implementation of combination drugs. Combination therapy reduces the chances of resistance developed by the bacteria and provides a broad spectrum of coverage, consequently propelling the growth of the market.
The HAP drugs market is fragmented due to the presence of vendors of various sizes and market shares. It is dominated by few key players that set competitive pricing strategies followed in the market. The vendors in the market mainly compete based on the pricing strategies and the product portfolio offered to customers. Increased investments in R&D and M&A will impact the vendors’ performance and also the market’s competitive environment.
Bacteria is the major cause of HAP and there are numerous players in the market who produce antibacterial drugs mainly due to the availability of generic versions of the drugs. According to this market research report, the antibacterial segment accounted for the major shares and dominated the HAP drugs market during 2016. Factors such as the increased usage of antibacterial drugs for the prevention and treatment of bacterial infections will contribute to the growth of this market segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. This is mainly due to the high prevalence of pneumonia and hospital acquired infection and the relevant steps taken by the governments of countries in this region. Additionally, the presence of numerous key vendors that has enabled easy access and has improved the quality of treatment available to the consumers, will also fuel the growth prospects of the HAP drugs market in this region.
Key questions answered in the report include
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Disease overview
PART 06: Market landscape
PART 07: Pipeline analysis
PART 08: Market segmentation by drug class
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: pneumonia vaccine, pneumonia contagious, pneumococcal vaccine, in vitro diagnostics, healthcare market analysis, medical devices market share,
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