Pharyngitis Treatment Market

Pharyngitis Treatment Market Segmentation by Treatment (Antibiotics, Home Treatment, and Others); by Route of Administration (Oral, Intravenous, and Others); by End-User (Pharmacy, Hospitals, and Others) – Global Demand Analysis & Opportunity Outlook 2030

Buy Now
Report ID: 3124 | Published On: Feb 01, 2022

Preview Analysis

Request Insights
Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • May 04, 2021: Teva Pharmaceutical Industries Ltd. announced the launch of its new Erythromycin tablets to treat or prevent a variety of bacterial infections.

Global Pharyngitis Treatment Market Highlights over 2022-2030

The global pharyngitis treatment market is estimated to garner a significant CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing cases of diseases that cause pharyngitis, such as, measles, whooping cough, and chickenpox, among others. According to the data by World Health Organization (WHO), in 2018, there were more than 140 000 deaths caused by measles, globally. Bacterial infection in the pharynx is the major cause of pharyngitis. The growing demand for treatment solution for the sore throat and pain, is estimated to boost the market growth. Moreover, increasing investment in developing measles vaccines, is also estimated to boost the market growth. As per other report by WHO, about 86% of the world's children received measles vaccines, in 2018. Between 2000-2018, use of vaccines prevented an estimate of 23.2 million deaths.

Global-Pharyngitis-Treatment-Market-Overview

The global pharyngitis treatment market is segmented by route of administration into oral, intravenous, and others, out of which, the oral segment is anticipated to hold the largest share in the market during the forecast period on account of easy availability of oral drugs, along with ease in intake of the drug. On the basis of end-user, the pharmacy segment is estimated to garner significant share during the forecast period owing to the effectiveness of over-the-counter drugs, along with the easy availability of medicines in pharmacies. CLICK TO DOWNLOAD SAMPLE REPORT 


Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure-per-Capita

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.


Global Pharyngitis Treatment Market Regional Synopsis

Regionally, the global pharyngitis treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of high healthcare expenditure, highest health awareness among people, and increasing investment in R&D activities. As per another report by WHO, the per capita healthcare expenditure of North America valued USD 10,050.279, in 2018. Moreover, presence of major pharmaceutical companies, along with high investment in development and distribution of vaccines, is estimated to boost the market growth. The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, owing to the high prevalence of pharyngitis backed by high population and increasing risk of infections. Moreover, growing public healthcare system in countries, such as, India, and China, is projected to further boost the market growth.

Global-Pharyngitis-Treatment-Market-Share

The global pharyngitis treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Global-Pharyngitis-Treatment-Market-Overview
Get more information on this report: Request Sample PDF

Market Segmentation

Our in-depth analysis of the global pharyngitis treatment market includes the following segments:

By Treatment

  • Antibiotics
  • Home Treatment
  • Others

By Route of Administration

  • Oral
  • Intravenous
  • Others

By End-User

  • Pharmacy
  • Hospitals
  • Others

Growth Drivers

  • Growing Prevalence of Diseases, such as, Measles, and Chickenpox
  • Increasing Demand for Treatment for Pharyngitis

Challenges

  • Lack of Awareness among Developing Countries


Global-Healthcare-Expenditure-per-Capita
Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    • Teva Pharmaceutical Industries Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Viatris Inc. (Mylan)
    • Adamas Pharmaceuticals, Inc.
    • GlaxoSmithKline plc.
    • Abbott Laboratories
    • AbbVie Inc.
    • Amgen Inc.
    • Sanofi-aventis Groupe
    • Pfizer Inc.
    • Purdue Pharma L.P.

     


Key Questions Answered in the Report

1) What are the major factors driving the growth of the pharyngitis treatment market?

Ans: Rising prevalence of pharyngitis causing diseases, such as, measles, whooping cough, and others is estimated to drive the market growth.

2) What would be the CAGR of pharyngitis treatment market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the pharyngitis treatment market growth?

Ans: Lack of health awareness in developing countries are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of pharyngitis treatment market in future?

Ans: The market in North America is estimated to show maximum business opportunities during the forecast period owing to the growing advanced medical research, high per capita healthcare expenditure, and development activities in the region.

5) Who are the major players dominating the pharyngitis treatment market?

Ans: The major players in the market GlaxoSmithKline plc., Abbott Laboratories, AbbVie Inc., Amgen Inc., Sanofi-aventis Groupe, Pfizer Inc., Purdue Pharma L.P., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the pharyngitis treatment market?

Ans: The market is segmented by treatment, route of administration, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the pharyngitis treatment market?

Ans: The pharmacy segment is anticipated to hold largest market size over the forecast period owing to the easy accessibility of pharmacies, along with affordable prices of over-the-counter drugs.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Submit RFP    Buy Now Download Research Report Sample