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Global Markets for Infectious Diseases (Treatment, Vaccines and Diagnostics) Forecast to Reach $106.3 Billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Markets for Infectious Disease Treatments” report has been added to ResearchAndMarkets.com’s offering.

The global market for infectious diseases (treatment, vaccines and diagnostics) in 2021, was valued at $72 Billion, and is expected to grow to $106.3 Billion by 2026, at a compound annual growth rate (CAGR) of 8% during the forecast period of 2021-2026.

The Americas are the largest market, followed by Europe, throughout the forecast period. Higher cost of treatment accounts for the larger market values in these two markets, even though the number of cases might be lower than other parts of the world. The other markets are also growing, which can be attributed to growing prevalence and increasing awareness coupled with WHO interventions.

Among vaccines, influenza vaccines have the highest market value market with growth in the next few years being driven by conversion to quadrivalent vaccines and immunization of the elderly population. The influenza market is also highly influenced by the COVID-19 pandemic, due to which the sales have gone up. Government intervention has led to increased vaccination during the pandemic period of 2020 and thus contributed to market revenues. In terms of growth, vaccines for Zika and Dengue have high growth potential. Markets for vaccines for conditions such as viral hemorrhagic fevers depend on the severity and occurrence of the next outbreak and the decision of health authorities to incorporate immunization against the disease in its national programs. The vaccine market for respiratory syncytial virus is also expected to grow at high CAGR because of the expected launch of Nirsevimab by AstraZeneca/Sanofi in 2023.

For diagnostics, HIV/AIDS, tuberculosis, malaria and hepatitis C are some of the high-value markets, due to high disease burden as well as the need for clinically confirmed diagnosis. Detection kits for RSV, herpes and influenza are under-utilized in developing economies as the clinician can diagnose these, based on clinical findings, to a certain accuracy. Thus, unless the cost of diagnostic kits is lowered, diagnosis of disease will be a combination of a clinician’s observation of the symptoms and recommendation of a diagnostic test. Resistance to current standards of therapy is a major issue and newer detection kits also feature assays to identify that.

The report Includes

Key Topics Covered:

Disease Overview

Market Dynamics

Impact of COVID-19

Markets and Forecast

Antibiotic Resistance

Research and Development

Next-Generation Predictive Tools

Patent Analysis

Competitive Landscape

Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/dafkzw

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