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Anthrax Treatment Market Trends

Report ID: GMI9700
Published Date: May 2024
Report Format: PDF

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Anthrax Treatment Market Trends

Increasing demand for effective anthrax treatment is a significant driver in the anthrax treatment industry, propelled by heightened awareness of bioterrorism threats, growing prevalence of zoonotic diseases, and the necessity for rapid and reliable responses to potential outbreaks.
The recognition of anthrax as a potential bioterrorism agent, highlighted by incidents like the 2001 anthrax attacks in the U.S., has underscored the urgent need for effective treatments. Governments and public health agencies are acutely aware of the bioterrorism threat, leading to increased investments in preparedness measures, including the development and stockpiling of antibiotics, antitoxins, and vaccines. This heightened awareness has significantly driven the demand for various therapeutic options.
Further, rising healthcare investments significantly drive the market by enhancing research and development, improving healthcare infrastructure, and ensuring the availability of critical treatments.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Industry size for anthrax treatment was worth USD 364.4 million in 2023 and is projected to expand at 7.9% CAGR from 2024 to 2032, due to the advancements in biotechnology and drug development.

The inhalation anthrax type segment in the anthrax treatment industry accounted for 44.5% share in 2023 and is estimated to depict notable CAGR between 2024 and 2032, as it is a highly recognized and the most severe form of the disease.

The antibiotics drug class segment in the anthrax treatment industry recorded USD 227.4 million in 2023, due to its pivotal role as the primary treatment modality, backed by proven efficacy, safety, and broad-spectrum activity against Bacillus anthracis.

North America market size recorded USD 141.7 million in revenue in 2023 and is projected to grow at 7.8% CAGR between 2024 and 2032, owing to the presence of significant livestock population, particularly cattle, which is highly susceptible to anthrax leading to increased risk of anthrax transmission to humans.