Market Overview
Symptoms of aspergillosis include coughing and wheezing. Patients with chronic aspergillosis also have a fungal ball in the left apical cavity. The fungus is also present in the bloodstream. If the patient has aspergillosis, the diagnosis should be confirmed with an aspergilloma biopsy. The fungal ball is easily visible under a microscope. A CT scan is often required to confirm a diagnosis of aspergillosis. In many cases, there are underlying lung conditions that predispose a patient to the disease. Using a combination of imaging methods, including a chest X-ray, is necessary to make a correct diagnosis. However, invasive procedures should be avoided in those with underlying lung disease. Aspergillosis can also occur as a result of HIV infection.
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Market Dynamics
Increasing prevalence of aspergillosis is expected to drive growth of the global chronic aspergillosis market during the forecast period. According to the National Organization for Rare Disorders (NORD), allergic bronchopulmonary aspergillosis affects around 1-4 million people worldwide, while chronic pulmonary aspergillosis affects around 3 million people globally. As a result of this, the demand for adequate treatment options has increased massively. Hence, these factors are expected to drive growth of the global chronic aspergillosis treatment market during the forecast period.
However, patent expiration of branded therapeutics is expected to hinder the global chronic aspergillosis treatment market growth over the forecast period.
Impact of COVID-19
The COVID-19 pandemic outbreak significantly impacted many industries and markets including the global chronic aspergillosis treatment market. Following the pandemic, many countries decided to implement nationwide lockdown policies, in order to curb the spread of the virus. Manufacturing companies had to shut down their operations, in order to comply with regulations, which further impacted growth of the said market. However, the rollout of vaccines and many countries undertaking mass vaccination programs is expected to aid in regaining the lost traction of the market in the near future.
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Key Takeaways
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The global chronic aspergillosis treatment market is expected to grow rapidly, registering a CAGR OF 4.8% over the forecast period. This is owing to continuous research and development activities for the launch of novel treatments. For instance, in June 2021, Cadila Pharma introduced Posaconazole, a new antifungal drug for the treatment of fungal disease.
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Among regions, North America is expected to witness significant growth in the global chronic aspergillosis treatment market during the forecast period. This is owing to increasing government initiatives for the diagnosis and treatment of infections.
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Key companies involved in the global chronic aspergillosis treatment market are Abbott Laboratories, AstraZeneca plc, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson Services, Inc., Mylan Pharmaceuticals, Inc., Novartis AG, Pfizer, Inc., and Takeda Pharmaceutical Company Ltd.
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Table of Content
Global Chronic Aspergillosis Treatment Market Research Report
Section 1: Global Chronic Aspergillosis Treatment Industry Overview
Section 2: Global Economic Impact on Chronic Aspergillosis Treatment Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Chronic Aspergillosis Treatment Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Chronic Aspergillosis Treatment Market Forecast
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