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Tuberculosis Therapeutics Market Size

Report ID: GMI10113 Published Date: July 2024Report Format: PDF
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Tuberculosis Therapeutics Market Size

Tuberculosis Therapeutics Market size was valued at around USD 2 billion in 2023 and is estimated to grow at 4.1% CAGR from 2024 to 2032. The rising prevalence of Tuberculosis (TB) globally is a significant driver for the growth of the market. TB remains a major global health threat, with a high burden in many parts of the world, particularly in developing countries and regions with high population density and limited healthcare access.

 

Tuberculosis Therapeutics Market

For instance, according to the World Health Organization (WHO), in 2020, an estimated 10 million people fell ill with TB globally. This number includes 5.6 million men, 3.2 million women, and 1.2 million children. This demonstrates a persistently high level of TB incidence, despite efforts to control the disease. Ongoing investments in research, development, and public health initiatives are crucial in addressing the challenges posed by TB and advancing treatment options to improve outcomes for patients worldwide.  

Tuberculosis (TB) therapeutics refer to the range of medical treatments and interventions aimed at combating Tuberculosis infections, caused primarily by Mycobacterium Tuberculosis bacteria. TB is a contagious airborne disease that primarily affects the lungs but can also impact other parts of the body.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

How much is the tuberculosis therapeutics industry worth? +

The global tuberculosis therapeutics market size was valued at USD 2 billion in 2023 and is estimated to grow at 4.1% CAGR from 2024 to 2032, driven by the rising prevalence of Tuberculosis.

Why is the demand for active TB therapeutics rising?+

The active tuberculosis (TB) therapeutics segment of the market held 88.8% share in 2023 and will expand rapidly through 2032, as it requires immediate and effective treatment to prevent the spread of the disease.

Why is the TB therapeutics industry growing rapidly in North America?+

North America tuberculosis therapeutics market size was USD 642.6 million in 2023 and is predicted to witness substantial market growth through 2032, driven by robust public health programs and initiatives by government agencies.

Who are the major global tuberculosis therapeutics industry players?+

Lupin, Macleods Pharmaceuticals Ltd, Mylan N.V, Otsuka Pharmaceutical Co., Ltd, Pfizer Inc, and Sanofi, among others.

Tuberculosis Therapeutics Market Scope

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