Global Tuberculosis Drug Market 2017-2021
Published: Feb 2017 | Pages: 76 | SKU: IRTNTR11381 |
Global outlook of the tuberculosis (TB) drug market
Technavio's market research analysts predict the global tuberculosis drug market to grow steadily during the forecast period and post a CAGR of more than 3% by 2021. This industry research report identifies the emergence of multidrug-resistant TB (MDR-TB) and extensively drug-resistant tuberculosis (XDR-TB) strains to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The recent years witnessed an increase in the emergence of drug-resistant TB, especially in the highly populated countries such as India and China. It has been observed by the Centers for Disease Control and Prevention (CDC) that XDR-TB is present across all regions of the world and is most prevalent in countries of the former Soviet Union and Asia. Countries such as the US, India, Japan are also witnessing an increase in the transmission of MDR-TB. This increase in TB infections will subsequently drive the demand for TB drugs in the coming years, in turn, aiding market growth.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the TB drugs market throughout the predicted period. Due to factors such as the reduction or stagnant funding for TB prevention efforts in the US, major states such as California, Florida, New York, and Texas reported an increase in the incidence rate of tuberculosis during 2015. This growing incidence rate of TB in the region will be the primary factor for the growth of the market in the Americas.
Competitive landscape and key vendors
The market is oligopoly in nature since there are a very few players who manufacture drugs for tuberculosis and is dominated by the major players such as Sanofi, Otsuka Novel Products, Pfizer, Sandoz, and Lupin. TB drug manufacturers increasingly focus on amplifying their sales volume through both the direct and distributors channels. To increase their revenue shares major vendors are concentrating on launching new products and few vendors are also focusing on organizing anti-TB campaigns to detect, combat, and create awareness about the disease.
The leading vendors in the market are -
- Lupin
- Otsuka Novel Products
- Pfizer
- Sandoz
- Sanofi
The other prominent vendors in the market are AstraZeneca, Archivel Farma, bioMérieux, Cepheid, EIKEN CHEMICAL, and Epistem.
Segmentation by disease type and analysis of the TB drug market
- Active TB
- Latent TB
Since latent tuberculosis infection (LTI) has the potential to develop into active infection if unidentified, countries in the developed regions such as North America and Europe and countries such as Japan, Australia, and New Zealand are increasingly focusing on performing tuberculosis skin tests (TST) for the early detection, diagnosis, and prevention of the disease.
Segmentation by drug class and analysis of the TB drug market
- First-line anti-TB drugs
- Second-line anti-TB drugs
The first-line anti-TB drugs segment accounted for the maximum revenue and dominated the TB drug market during 2016. Individuals with drug-susceptible TB have the need to take the first-line anti-TB drugs daily for a minimum of six months. According to this market research and analysis, this segment will continue to dominate the market throughout the predicted period as well.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global tuberculosis (TB) drug market?
- What are the key market trends impacting the growth of the global tuberculosis (TB) drug market?
- What are the challenges to market growth?
- Who are the key vendors in the global tuberculosis (TB) drug market?
- What are the market opportunities and threats faced by the vendors in the global tuberculosis (TB) drug market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global tuberculosis (TB) drug market?
Technavio also offers customization on reports based on specific client requirement.
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Industries such as molecular biology, genetics, biotechnology, and cell biology are in constant need for life science research tools inducing pharmaceutical companies to compete to gain a considerable revenue share of the market. By identifying the trends in consumer behavior, competitors, growth potential, and challenges, market research experts at the global market research firm Technavio provide an exhaustive collection of industry research reports on the various aspects of the cardiovascular and metabolic disorders sector, which is an integral part of the healthcare and life sciences industry. The market research reports from Technavio also provide detailed information on several vendors, including Allergan, Merck, Allergy Therapeutics, Novartis, GSK, Shire, and Sandoz who have established a significant presence in the industry.
This upcoming report on tuberculosis drugs also considers the growth of the similar markets such as the next-generation biologics and metabolic disorders therapeutics market, which are expected to grow at a CAGR of around 14% and 5%, respectively by 2020. According to our experts, the increasing demand for antibody drug conjugates (ADCs) is one of the significant factors driving the demand for tuberculosis drugs. Along with syndicated reports, Technavio also offers to provide customized reports based on the requirements of the clients to help businesses optimize their market position.
The upcoming industry research report for antifungal drugs also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the cardiovascular and metabolic diseases sector. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the healthcare and life sciences industry.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
PART 05: Key pipeline
PART 06: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 07: High burden countries (HBCs)
- Categorization of HBCs
PART 08: TB diagnostics
- Overview
PART 09: Market segmentation by disease type
- Global latent TB market
- Global active TB market
PART 10: Market segmentation by drug class
- Global first-line anti-TB drugs market
- Global second-line anti-TB drugs market
PART 11: Geographical segmentation
- TB drugs market in Americas
- TB drugs market in EMEA
- TB drug market in APAC
PART 12: Market drivers
- Increase in outbreak of TB-HIV co-infections
- Emergence of MDR-TB and XDR-TB strains
- Increasing incidence of TB in Africa and Asia
PART 13: Impact of drivers
PART 14: Market challenges
- Insufficient demand and high drug cost in developed countries
- Liberal regulations and lack of awareness in developing countries
- Limited diagnostic procedures
PART 15: Impact of drivers and challenges
PART 16: Market trends
- Increased spending on TB diagnostic kits
- Focus on development of shorter TB drug regimens
- Increased focus on TB vaccine development
PART 17: Vendor landscape
- Competitive scenario
- Key news
PART 18: Key vendor analysis
- Lupin
- Otsuka Novel Products
- Pfizer
- Sandoz
- Sanofi
- Other prominent vendors
PART 19: Appendix
- List of abbreviations
PART 20: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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