Intracranial Abscess Treatment Market - Growth Drivers and Challenges
Growth Drivers
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Diagnostic accuracy and cost of misdiagnosis: The Agency for Healthcare Research and Quality in 2022 conducted a diagnostic error study for spinal/intracranial abscesses. The study found that almost 0.11% of back pain was disguised as some other problem. This resulted in late intervention and increased treatment costs, highlighting the surging demand for diagnostic tools. Various advanced countries are incorporating AI-assisted diagnostics to help make a difference between tumors and abscesses. Prominent companies such as Siemens are fabricating next-gen imaging tests, which are further propelling the market growth.
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Antimicrobial stewardship and drug R&D: Various Antimicrobial Stewardship Programs have been launched to promote the rational use of antibiotic medicines to combat resistance. There has been increased demand for precision medicines, which drives the demand for medicines such as linezolid for MRSA abscesses (narrow-spectrum antibiotics). Also, there are new developments in drugs such as Delafloxacin, which is an MRSA-active fluoroquinolone, and Eravacycline, which is a derivative for resistant Gram-negative infections. Other than this, filings such as cefiderocol approval showcase active research and development in various antibiotics for infections associated with the CNS.
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Companies' strategies and market expansion: Companies are adopting various innovative strategies to render significant services to consumers. For instance, Merck joined hands with radiology AI startups in 2024 to incorporate abscess detection, fueling the accuracy in the diagnosis. Other than this, in 2023, Johnson & Johnson acquired Basilea Pharmaceutica for a worth of USD 1.61 billion. The company is aiming to expand its portfolio of CNS antifungal medicines. Other than this, partnerships between large hospitals and device manufacturers, particularly in Asia Pacific, are bolstering the overall demand and treatment capacity.
Challenges
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Pricing and reimbursement restrictions: In various countries, there are stringent pricing controls to restrict profitability. For instance, in 2023, Pfizer has to negotiate to secure the reimbursement for its broad-spectrum antibiotic to raise the market access by 11%. In the U.S., 35.6% of the Medicaid programs cover the advanced abscess treatments owing to high costs.
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Regulatory hurdles and delayed approvals: In Japan, the advent of new CNS drug regulations put a hold on antifungal medicine isavuconazole by Merck for 6 months. Also, almost 1 in 5 novel antibiotics garner fast-track approval owing to strict efficacy necessities.
Intracranial Abscess Treatment Market Size and Forecast:
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.4% |
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Base Year Market Size (2024) |
USD 1.08 billion |
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Forecast Year Market Size (2037) |
USD 2.1 billion |
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Regional Scope |
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