Pharyngitis Treatment Market – Global Industry Analysis by Source of Infection, Region and Forecast (2023-2029)

Global Pharyngitis Treatment Market size was valued at US$ 2.18 Bn. in 2022 and the total Pharyngitis Treatment revenue is expected to grow at 4.4% through 2023 to 2029, reaching nearly US$ 2.96 Bn.
Pharyngitis Treatment Market Overview:
Pharyngitis is a clinical disorder that involves inflammation in the pharynx i.e. the back of the throat. A painful throat is referred to as pharyngitis. Itching and trouble swallowing are other symptoms of pharyngitis. Pharyngitis is caused by a variety of bacterial and viral agents, the most common of which are measles, adenovirus, high cough, and streptococcus. A viral infection, e.g. the common cold, influenza, or mononucleosis, is the most prevalent cause of pharyngitis.To know about the Research Methodology:- Request Free Sample Report

In 2022, there were over 2.8 million people who went to the emergency room with pharyngitis, with 1.1 million of them being children under the age of 16. Pharyngitis is most common in kids under the age of five. Adults can have the condition as well, albeit at a slower pace. Pharyngitis incidences are quite high over the world, particularly in nations when antibiotics are widely prescribed.

According to recent research, around 70% of streptococcal infections of the respiratory tract are non-symptomatic, and these infections can lead to a serious non-suppurative reaction. Even though acute pharyngitis is one of the most common diseases among school-going children, GAS pharyngitis is uncommon. GAS pharyngitis and non-streptococcal pharyngitis have similar clinical appearances, making it difficult for doctors to distinguish between them without laboratory analysis.

In this report, the Pharyngitis Treatment market's growth reasons, as well as the market's many segments (Source of Infection, Drug Class, Distribution Channel, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Pharyngitis Treatment market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Pharyngitis Treatment market situation.
Pharyngitis Treatment Market Dynamics:
The development of the COVID-19 pandemic has altered how medical treatment is delivered across the world. The Pharyngitis Treatment industry has been badly impacted by the COVID-19 pandemic, which has resulted in adverse changes in rules and standards, the closure of production facilities owing to lockdowns, and supply chain disruptions. Furthermore, owing to lockdowns, the distribution of Pharyngitis Treatment products to end-users has been restricted due to limited functioning in most businesses, insufficient financing for studies and research establishments, and difficulty in delivering vital services.

The Human Genome Project and breakthroughs in biochemical and clinical technology have led to the creation of a plethora of tests and technologies useful for the diagnosis and management of respiratory infections. These new technologies, which are based on genomic approaches, aid in the discovery of novel viruses. They also allow for improved surveillance and quick detection of infectious illnesses, which presents a business potential.

Most diagnostic businesses have a significant difficulty in commercializing their tests: convincing Medicaid and private insurance providers to cover for them. This is critical not just for assisting clinicians in their choice in the practice of evidence-approved medicine, but also for obtaining legislative clearances and payments for the tests. In recent years, regulatory changes for virus tests have gotten increasingly strict in order to verify that they are effective at identifying all forms of respiratory viruses.
Pharyngitis Treatment Market Segment Analysis:
By Source of Infection, the viral segment is expected to grow at a CAGR of 3.8% in the previously mentioned forecast period. This growth can be attributed mainly to the coronavirus crisis that happened in 2022.The World Health Organization (WHO) advises countries to maintain routine viral disease surveillance, specimens from surveillance sites for viral diseases and coronavirus where facilities are allocated, and report experimental and epidemiological data to established regional and international platforms in a reasonable timeframe. Increased viral diagnosis is projected to have a positive impact on the segment, as more patients may seek antiviral medications after being infected. Overall, the COVID-19 outbreak is expected to benefit the segment under consideration.

Flu, AIDS, and Ebola virus public awareness campaigns are also a crucial component in raising public knowledge and, as a result, affecting segment growth. The virology business is continually responding to the medical sector's preventative and curative demands. Several disorders, on the other hand, continue to necessitate fresh solution R&D, propelling the segment growth forward. Virology applications are used in a variety of therapies and diagnostic procedures, which is supporting the segment growth.
Regional Insights:
On the basis of high healthcare spending, the greatest health awareness among people, and massive investments in research and development projects, the North American region is expected to earn the biggest share at the end of the projection period. According to another WHO estimate, North America's per capita healthcare spending in 2022 was US$ 4.1 trillion. Furthermore, the presence of large pharmaceutical companies, as well as massive investment in drug development and utilization, is expected to support market growth in the region.

At the end of the projection period, Europe is expected to continue its position as the world's second-largest market for respiratory diseases, pharyngitis in particular. Europe is expected to have the greatest CAGR of 5.6%, thanks to improved healthcare infrastructure, simplified diagnostics, and the lowered costs of viral illness diagnostic tests.

The objective of the report is to present a comprehensive analysis of the Pharyngitis Treatment market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Pharyngitis Treatment market dynamics, structure by analyzing the market segments and projecting the Pharyngitis Treatment market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Pharyngitis Treatment market make the report investor’s guide.
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Global Pharyngitis Treatment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.18 Bn.


Forecast Period 2023 to 2029 CAGR:
4.4%
Market Size in 2029:
US $ 2.96 Bn.


 Segments Covered:
by Source of Infection
Viral
Bacterial


by Drug Class
Beta Lactams
Macrolides
Cephalosporins
Fluoroquinolones
Tetracycline
Other


by Distribution Channel
Hospital Pharmacies
Retail Pharmacies and Drug Stores
Online Pharmacies



Pharyngitis Treatment Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pharyngitis Treatment Market Key Players
1. Genentech Inc
2. Adamas Pharmaceutical Inc
3. PLIVA HRVATSKA d.o.o
4. Pfizer Inc
5. Valeant Pharmaceuticals International, Inc
6. Mylan N.V
7. GSK group of companies
8. Teva Pharmaceutical Industries Ltd
9. AbbVie Inc
10. Viatris Inc. (Mylan)
11. GlaxoSmithKline plc
12. Abbott Laboratories
13. AbbVie Inc
14. Amgen Inc
15. Sanofi-aventis Groupe
16. Purdue Pharma L.P
FAQs:
1. Which is the potential market for Pharyngitis Treatment in terms of the region?
Ans. the North American region is expected to earn the biggest share at the end of the projection period.

2. What are the opportunities for new market entrants?
Ans. The Human Genome Project and breakthroughs in biochemical and clinical technology have led to the creation of a plethora of tests and technologies

3. What is expected to drive the growth of the Pharyngitis Treatment market in the forecast period?
Ans. The development of the COVID-19 pandemic has altered how medical treatment is delivered across the world.

4. What is the projected market size & growth rate of the Pharyngitis Treatment Market?
Ans. Pharyngitis Treatment Market size was valued at US$ 2.18 Bn. in 2022 and the total Pharyngitis Treatment revenue is expected to grow at 4.4% through 2023 to 2029, reaching nearly US$ 2.96 Bn.

5. What segments are covered in the Pharyngitis Treatment Market report?
Ans. The segments covered are Source of Infection, Drug Class, Distribution Channel, and Region.