WASHINGTON, Jan. 28, 2022 (Globe Newswire) — A recent analysis by Vantage Market Research of the global sepsis treatments market has found that the rising incidence of sepsis globally is accelerating market growth. The market is primarily driven by increasing research and development programs on immune metabolism, and the global sepsis treatments market is estimated to total USD 6.2 billion by 2028, up from USD 3.5 billion in 2021, with a compound annual growth rate (CAGR) of 7.3%.
Moreover, the increasing number of inventors in the research and development (R&D) sector by governments and key players, to fuel the growth of the global sepsis treatments market, according to market research, Vantage Market Research, in a report titled “Sepsis Therapeutics Market By Drug Class (Aminoglycosides, Cephalosporins, Glycopeptide Antibiotics, Other Drug Classes), By Route Of Administration (Intravenous, Oral), By Region (North America, Latin America, Europe, Asia Pacific) – Global Industry Assessment (2016 – 2021) and Outlook (2022 – 2028)”.
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List of Prominent Players in Sepsis Treatments Market:
- F. Hoffmann-La Roche Ltd
- Pfizer Inc
- GlaxoSmithKline Inc
- Mylan Nevada
- Allergan, Inc.
Global sepsis rate rising to support global sepsis treatment market
Since the past few years, the population around the world has been increasing exponentially. Thus, along with the increase in population, the prevalence of disease also increases. Thus, the number of people suffering from sepsis is increasing which increases the demand for sepsis treatments. According to the World Health Organization (WHO), sepsis kills 11 million people each year, many of them children. Sepsis causes 1 in 5 deaths worldwide. According to a WHO study, nearly half of the 49 million cases of sepsis occur each year among children, resulting in 2.9 million deaths. This can be prevented with early diagnosis and appropriate clinical management. Thus, the demand for sepsis treatments, in turn, is expected to drive market growth over the forecast period.
Increase research and development programs on immune metabolism and increase investments to stimulate market growth
The prevalence of sepsis worldwide is increasing to an unprecedented level. This increases the burden on the research and development (R&D) sector as well as the government. Hence, to address this proliferation; Governments as well as many major players in the market are investing heavily in the research and development sector. Thus, driving market growth during the forecast period. The major players are adopting cooperation strategies in order to identify/develop new drugs to treat sepsis. For example, Asahi Kasei Corporation plans to release ART-123 by 2021 to treat sepsis.
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Analysis of the impact of COVID-19:
The COVID-19 outbreak has crippled many sectors. Due to COVID-19, many countries have announced lockdown with strict regulations. As a result, people were stuck in their places. However, the healthcare sector was not affected much, the sepsis treatment market witnessed a negative impact on the market growth. Because of the fear of COVID-19 among the global population, only people with severe sepsis risk visiting hospitals, clinics or other services. Thus, it hampered the growth of the therapeutic market for sepsis. However, things will improve in the second half of 2022 as more supplies will be made available online. The impact of COVID-19 on market demand is considered while estimating the current and projected market size and market growth trends for all regions and countries based on the following data points:
- Assessing the impact of the COVID-19 pandemic
- North America
- Asia Pacific
- Latin america
- Middle East and Africa
- Quarterly revenue forecasts for the market from Asia Pacific 2020 and 2021
- Key strategies companies have taken to tackle COVID-19
- long term dynamics
- short term dynamics
A report on the Sepsis Treatments Market Report Highlights:
- Market assessment
- Distinctive insights
- Competitive scene
- Analysis of the impact of COVID
- Historical data, estimates and forecasts
- Company Profile
- Global and Regional Dynamics
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North America dominates the global market for sepsis treatments
North America dominated the global therapeutic market for sepsis in 2021 and is likely to continue in the same trend during the forecast period. The market growth is owing to the high prevalence and high incidence of sepsis in the United States and Canada. Also, the presence of key players in the region is also expected to support the regional growth of the market.
The Asia Pacific region is likely to experience the fastest growth in the sepsis treatments market during the forecast period. This is attributed to improved healthcare infrastructure in economies such as India and China in the region. Moreover, having one of the most populous countries in the world provides a huge population base that is likely to boost the growth of the sepsis treatment market in the region.
August 2021: Asahi Kasei plans to release ART-123 by 2021 to treat sepsis.
August 2019: Entered Pfizer, Inc. In partnership with GlaxoSmithKline plc to form a joint venture to create the world’s largest Over-the-Counter (OTC) company.
Key questions answered in the report:
- Which regional market will show the highest rapid growth?
- Who are the top five players in the sepsis treatment market?
- How will the sepsis treatment market change in the next six years?
- What application and product will take the lion’s share of the sepsis treatment market?
- What are the drivers and limitations of the Sepsis Therapeutic Market?
- What will the CAGR and Sepsis Treatment market size be during the forecast period?
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This market is entitledsepsis treatment market It will cover the exclusive information in terms of regional analysis, forecasting, quantitative data – units, major market trends and various other information as mentioned below:
|Market size in 2021||3.5 billion USD|
|Expected market size in 2028||6.2 billion USD|
|CAGR growth rate||A compound annual growth rate of 7.3% from 2022 to 2028|
|Historic years||2016 – 2020|
|prediction years||2022 – 2028|
|covered slices||Drug class: – aminoglycosides, cephalosporins, glycopeptide antibiotics, other drug classes
Method of administration: – intravenously, orally
|Quantitative data – units||Revenues in US$ Million/Billion and CAGR from 2022 to 2028|
|Covered areas||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Countries covered||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others|
|Report coverage||Market growth drivers, restraints, and opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Organizational Landscape, Market Attractiveness Analysis by Segments and Region, Company Market Share Analysis, and COVID-19 Impact Analysis.|
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