Encephalitis Treatment Market Segments, Opportunity, Growth and Forecast by End-use Industry 2023 to 2033
The global Encephalitis Treatment Market is projected to expand at a moderate CAGR of 5.4% from 2023 to 2033. The market is set to reach a valuation of US$ 34.08 billion in 2033, rising from US$ 20.14 billion in 2023.
The rapid technological progress of the healthcare sector, rising cases
of encephalitis, and a surge in favorable initiatives to treat and manage the
condition are certain factors that are responsible for the steady growth of the
encephalitis treatment market during the period of observation.
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Encephalitis is defined as an infection or an inflammatory response of
the tissues of the brain which can be caused by a viral infection, bacterial
infection, autoimmune inflammation, and insect bites among others. The main
objective of encephalitis treatment is to lessen the swelling and avoid further
complications. An upsurge in the prevalence of encephalitis cases, in addition
to increasing programs and initiatives to treat the condition, is anticipated
to aid the growth of the encephalitis treatment market in the forthcoming
years.
The high mortality and morbidity rates associated with encephalitis
propel the encephalitis treatment market forward during 2023 and 2033. Again,
the rise in government initiatives for vaccination programs further facilitates
the growth of the market. Due to the continuous rise in encephalitis cases, it
is important that more and more individuals should opt for immunization
measures. This will likely boost the prospects for the market. Moreover, the
rising cases of cancer will also facilitate market growth. This is owing to the
fact that when the body is fighting cancer, certain immune responses might
trigger encephalitis which has a positive impact on the encephalitis treatment
market.
During the forecast period, rising investment in the healthcare
infrastructure, growing initiatives by private and public organizations to
spread awareness regarding the condition and its treatment options, surging
demand for effective therapies, and growing expenditure on public health
programs will shape the target market. Other factors like high disposable
income, shifts in lifestyles, a growing geriatric population, and increasing
research and development activities will stimulate the expansion of the
encephalitis treatment market size in the next couple of years.
Key Takeaways:
- A dearth of
trained professionals, high treatment costs, and poor healthcare
infrastructure, especially in low-income countries, may impede the growth
of the encephalitis treatment market.
- The
encephalitis treatment market in the US will expand at a CAGR of 5.2%
during the assessment period.
- Europe will
emerge as an attractive pocket for the encephalitis treatment market due
to increasing investment in the healthcare sector with the U.K recording a
CAGR of 5.1% during the observation period.
- By end-users,
the hospital segment will generate the highest revenue and account for
50.5% of the market share in 2023.
Competitive Landscape
- Allergan
- Merck &
Co., Inc.
- Pfizer Inc.
- GlaxoSmithKline
plc
- Melinta
Therapeutics LLC
- Basilea
Pharmaceutica Ltd.
- Abbott
Laboratories
- F. Hoffmann-La
Roche Ltd.
- Teva
Pharmaceutical Industries Ltd.
- Sanofi
Predominant market players are keen on product upgrades and development
as well as on releasing new products. These organizations also engage in
strategic agreements and different organic and inorganic business strategies to
strengthen their market footprints.
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Key Segments Covered in the Encephalitis Treatment Industry Survey
Encephalitis Treatment Market by Treatment:
- Antiviral
Agents
- Steroid
Injection
- Antibiotics
- Immunoglobulin
Therapy
- Plasmapheresis
- Others
Encephalitis Treatment Market by End-Users:
- Clinic
- Hospitals
- Others
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