Global Tuberculosis Drugs Market, by Therapy Type (First Line Therapy, and Second Line Therapy), by Disease type (Active TB, and Latent TB), by End User (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1,146.5 million in 2019, and is expected to exhibit a CAGR of 5.3% over the forecast period (2019 - 2027). Increasing funding and expenditure on TB treatment and research is driving growth of the market. For instance, according to the WHO, the global TB-related funding to 119 emerging economies reached around US$ 6.9 billion in 2018, from US$ 3.3 billion in 2006, where 86% of the total funding is provided by Brazil, Russia, India, China, and South Africa (BRICS). Furthermore, increasing research and drug development activities are driving growth of the market. For instance, in 2019, the U.S. FDA approved the TB Alliance manufactured drug Pretomanid for the treatment of a specific type of highly treatment-resistant tuberculosis (TB) of the lungs. Additionally, the tuberculosis drugs market size is expected to witness significant growth, owing to increasing global incidence of TB. For instance, according to the WHO Global Tuberculosis Report 2018, it’s estimated that around 10 million people suffered from TB disease in 2017, which included 5.8 million men, 3.2 million women, and 1.0 million children. Key players operating in this market are adopting collaboration strategies to meet the increasing demand of TB treatment drugs. For instance, in 2015, Dishman Pharmaceuticals and Chemicals Limited entered into license collaboration with Johnson & Johnson to manufacture raw material for drugs used in the treatment of multi drug resistant tuberculosis (MDR-TB).
Browse 33 Market Data Tables and 28 Figures spread through 198 Pages and in-depth TOC on "Tuberculosis Drugs Market, by Therapy Type (First Line Therapy, and Second Line Therapy), by Disease type (Active TB, and Latent TB), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Global Forecast to 2027"
To know the latest trends and insights related to tuberculosis drugs market, click the link below:
Key Takeaways of the Tuberculosis Drugs Market:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.