As per the DBMR team predictions cited in the credible Bacterial Infection Diseases report, the market will grow with a specific CAGR value in the forecast period of 2023 to 2030. By taking into account strategic profiling of key players in the Pharmaceutical industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services. The credible Bacterial Infection Diseases market report contains market insights and analysis for Pharmaceutical industry which are backed up by SWOT analysis.
Data Bridge Market Research analyses that the bacterial infection diseases market was valued at USD 72.0 billion in 2021 and is expected to reach USD 138.28 billion by 2029, registering a CAGR of 8.50% during the forecast period of 2022 to 2029.
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Market Overview:
A bacterial infection occurs when a dangerous bacteria strain multiplies on or within the body. Bacteria have the ability to infect any part of the human body. Pneumonia, meningitis, and food poisoning are just a handful of the diseases that dangerous bacteria can cause. Bacteria can be spherical (cocci), rod-shaped (bacilli), or helical (spirilla). Gram staining, bacterial culture with antibiotic sensitivity determination, and other techniques such as genetic analysis are used to identify bacterial strains and aid in the treatment. Bacterial infections can damage the throat, lungs, skin, bowels, and other body parts. Many are minor, but others are serious. Antibiotics can effectively treat the majority of bacterial diseases. They either destroy or prevent germs from growing. This enhances the immune system's ability to combat germs.
Bacterial Infection Diseases Market Dynamics
Drivers
- Rising prevalence of bacterial infection diseasesSome of the major players operating in the bacterial infection diseases market are:
The rising prevalence of bacterial infection diseases is anticipated to expand the market's growth rate. Infectious disorders include lower respiratory infections, pneumonia, malaria, and tuberculosis are also driving market expansion. The rising disease burden is pressuring government and non-government organizations to invest in research and development activities and accelerate the development of novel antibiotics as well as supportive regulatory measures to speed up the approval process and research financing. For instance, BARDA has partnered with the government to support a number of companies in developing innovative infectious disease medicines.
Some of the major players operating in the bacterial infection diseases market are:
- Eli Lilly and Company (U.S.)
- AstraZeneca (U.K.)
- Novartis AG (Switzerland)
- Johnson Johnson Private Limited (U.S.)
- Teva Pharmaceutical Industries Ltd. (Ireland)
- Merck Co., Inc. (U.S.)
- Allergan (Ireland)
- Bausch Health Companies Inc. (Canada)
- Abbott (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Pfizer Inc. (U.S.)
- GlaxoSmithKline plc (U.K.)
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