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The strep throat treatment market is experiencing notable growth owing to the increasing demand for patient care and treatment for this disease. The growing number of initiatives by several organizations and companies to increase awareness regarding the condition and treatment amongst the population is expected to support the market growth over the forecast period.
Increasing Incidence of Strep Throat amongst Population to Fuel Demand for Treatment
The rising number of patients affected by strep throat globally is leading to the growing demand for novel therapies for the condition. The growing awareness regarding the condition among the population is supporting the rising demand for the treatment in the market. In addition, the increasing focus of companies and research institutes to develop and introduce novel treatment options for the condition is another prominent factor supporting the market growth.
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According to 2022 statistics by the European Centre for Disease Prevention and Control (ECDC), the confirmed cases of Group A Streptococcus (GAS infections) among the children in European countries ranges from 11 to over 6,600.
Lack of Availability of Approved Treatments for Strep Throat May Hamper the Market Growth
Currently, there are no approved treatment for strep throat infection among the population which is leading to the increasing adoption of antibiotics and other off-label products for the treatment. The growing antibiotic resistance owing to its increased adoption is a major factor anticipated to hinder the adoption of these treatments among the population. Furthermore, the increased cost of these treatments make it challenging for emerging countries such as India Brazil, Mexico, and others to adopt innovative medications which further slows down the market growth.
Soaring Antibiotic Resistance with Rising Consumption of Medications to Create Opportunities for Industry Expansion
The increasing antibiotic resistance among the population owing to the rising consumption of these medications for the treatment of strep throat presents a lucrative opportunity for manufacturers and researchers to develop and introduce vaccines for children. Along with this, the growing focus of national and international health organizations to support the development of these therapeutics is expected to create an opportunity in the market in the future.
The report covers the following key insights
By Drug Type | By Route of Administration | By Disease Type | By Age Group | By Distribution Channel | By Geography |
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By drug type, the market is segmented into antibiotics, corticosteroids, NSAIDs, and others.
The antibiotics segment accounted for a significant share of the strep throat treatment market. The increasing prescription rate for antibiotics as the first line of treatment for the condition along with rising prevalence of strep throat infection among the population are expected to boost the segment growth.
By route of administration, the market is categorized into oral and parenteral.
The oral segment accounts for a substantial share of the global strep throat treatment market. The increased prescription of drugs of oral dosage among the population by healthcare providers for the treatment of strep throat is one of the major factors driving the growth of the segment.
Based on disease type, the market is segmented into Streptococcus A, Streptococcus B, and others.
The strep throat A segment holds a notable share in the global market. The increasing cases of strep A infection amongst the population along with the growing adoption of various treatments for the treatment of the infection are some of the key factors supporting the growth of the segment.
By age group, the market is segmented into children and adults.
The rising prevalence of strep throat infection among the children along with the increasing adoption of treatment for the infection are some of the factors driving the growth of the children segment.
Based on distribution channel, the market is categorized into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies.
Given the easy accessibility of retail pharmacies to the general population, there exists a significant opportunity to enhance patient care through the active engagement and education using health-related content.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America had the largest share of the global strep throat treatment market in 2023. The growing incidence of strep throat in countries such as the U.S. and Canada along with the increasing diagnosis among the population in these countries are contributing to the regional market growth.
The Europe market is projected to grow owing to the rising patient caseloads of strep throat among the population in countries such as the U.K., Germany, France, and others. The growing awareness regarding the condition is favoring the increasing treatment rate among the population for the infection.
The increasing initiatives by companies, organizations, and others to raise the awareness and diagnosis of strep throat infection among the population in countries such as India, China, Japan, and others are expected to favor the market growth in the Asia Pacific region.
The market for strep throat treatment is fragmented owing to the extensive presence of antibiotic drugs, especially the generic versions and the involvement of the various companies in the development of potential vaccines in the pipeline.
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