The Global MRSA Drugs Market is expected to reach USD 4,312.2 million by 2023, and the market is projected to grow at a CAGR of ~ 4.4 % during the forecast period 2017-2023.
Methicillin-resistant Staphylococcus aureus (MRSA) is an antibiotic resistant strains of the pathogen. MRSA infections are classified as hospital-acquired (HA-MRSA) or community-acquired (CA-MRSA). MRSA causes infections such as skin infections, bone and joint infections, bacteremia, animal infections and others.
In step with bulletin of the atomic scientists, approximately 10 million people within the US (three.6 percentage of the populace) are immune-compromised. The sector fitness company expected that about 36.7 million people had HIV/AIDS worldwide in 2016. Hence, the growing immune-compromised populace is anticipated to propel the market boom over the evaluation period. Additionally, growing geriatric population projected to help the increase of the market considering older humans are more susceptible to MRSA infections. Global health employer expected that in 2015-2050, the percentage of the world’s population could be almost double from 12% to 22% and by 2020, the wide variety of people elderly over 60 years probably to outnumber youngsters more youthful than 5 years.
Another strong driving force is developing concerns of MRSA infections and increasing government help to diminish MRSA. as an example, health center readmissions reduction application set up under low-priced Care Act (ACA) financially penalizes hospitals if they have higher than anticipated 30-day readmission fees for illnesses which includes pneumonia. The recommendations of the committee has led to clinic readmissions countrywide priority and an immediate financial incentive to reduce readmissions. The monetary incentives for lowering readmissions and the growing cost of non-compliance is anticipated to advantage the MRSA tablets marketplace.
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High cost of novel drug therapy and low healthcare expenditure in developing regions projected to hamper the growth of the market over the review period. Moreover, patent expiry is also expected to lower the market value due to generic competition. For example, Pfizer’s Zyvox and Merck’s Cubicin, used for the treatment of MRSA have lost patents in major markets and their patent for alternative formulations and chemical forms is threatened by imminent patent expiry dates, which is expected to lower the market due to competition from generics and greater market fragmentation.
Key Players in the Global MRSA Drugs Market
Some of the key players profiled in the report are
- Merck KGaA
- Theravance Biopharma
- Mylan N.V
The Americas accounts for a significant market share owing to high expenditure on the health care. Additionally, the fastest uptake of new drugs in the US drives the MRSA drugs market. Furthermore, concentration of the major healthcare companies in the developed countries of this region coupled with large insurance penetration is adding fuel to the market growth. Moreover, the US expend high amount on its healthcare, which accounts for 16% of total GDP that also increases the sale in MRSA drugs market.
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Europe is the second largest market in the world due to high income and strong healthcare penetration. The European market growth is led by countries such as Germany and France. Italy is expected to be the fastest growing market over the assessment period. The strong pharmaceutical industry in Germany is a strong driver behind the dominance of this country in Europe. Southern European MRSA market is growing at a higher rate as compared to Scandinavian region countries such as Iceland, Norway.
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