Global Infectious Disease Therapeutics Market 2019-2023
About this market
Development of novel drugs to drive growth in the market. There has been an increase in the R&D of novel drugs for the treatment of infectious diseases. Technavio’s analysts have predicted that the infectious disease therapeutics market will register a CAGR of over 4% by 2023.
Increasing prevalence of infectious diseases
There has been an increase in the prevalence of infectious diseases due to climate variability. This is expected to be a major driver of the market growth during the forecast period.
Availability of counterfeit drugs
Counterfeit drugs are available in low-income and developing countries. These drugs are widely available because of insufficient regulations and manufacturing control.
For the detailed list of factors that will drive and challenge the growth of the infectious disease therapeutics market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Merck and Sanofi the competitive environment is quite intense. Factors such as the development of novel drugs and the increase in the prevalence of infectious diseases, will provide considerable growth opportunities to infectious disease therapeutics manufactures. AbbVie, F. Hoffmann-La Roche, Gilead, Merck, and Sanofi are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Infectious Disease Therapeutics Market 2019-2023
Technavio recognizes the following companies as the key players in the global infectious disease therapeutics market: AbbVie, F. Hoffmann-La Roche, Gilead, Merck, and Sanofi.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of novel drugs.”
According to the report, one of the major drivers for this market is the increase in the prevalence of infectious diseases.
F. Hoffmann-La Roche
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