Meningococcal Meningitis Treatment Market 2023: Key Players, End User, Demand and Consumption by 2033 | FMI
According to Future Market Insights, the Meningococcal Meningitis Treatment Market is expected to grow at a 4.7% CAGR from 2023 to 2033. By the year 2033, the global market for Meningococcal meningitis treatment is expected to reach US$ 283 million.
The increasing prevalence of the disease, the availability of vaccines,
and the growing awareness of the disease all contribute to the market's growth.
The treatment market is particularly significant in areas where the disease is
more prevalent, such as the meningitis belt in Sub-Saharan Africa.
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The primary treatment for meningococcal meningitis is antibiotics, such
as penicillin, ceftriaxone, or ciprofloxacin, to kill the bacteria causing the
infection. Supportive care, including hospitalization, intravenous fluids, and
oxygen therapy, is also essential for individuals with meningococcal
meningitis.
The meningococcal meningitis treatment market is expected to continue to
grow in the coming years, driven by increasing awareness about the disease,
improvements in treatment options, and the availability of vaccines.
Additionally, the rising incidence of the disease in some regions, such as
Europe and North America, is likely to contribute to the growth of the market.
In conclusion, the meningococcal meningitis treatment market is
significant due to the high incidence of the disease worldwide. Treatment
typically involves antibiotics and supportive care, while vaccination is an
important preventive measure. The market is expected to continue to grow in the
coming years, driven by several factors, including the increasing prevalence of
the disease and the availability of vaccines.
Key Takeaways from the Market Study
- Meningococcal
meningitis treatment market is expected to grow at a value of 4.7% CAGR in
the forecast period 2023 to 2033
- By treatment
type, antibiotic therapy is expected to hold 45% of the market share in
2023 for Meningococcal Meningitis treatment market.
- North America
is expected to possess 47% market share for Meningococcal Meningitis
treatment market in 2023.
- Europe
Meningococcal Meningitis treatment market size is expected to possess 42%
market share in 2023.
“Development of antibiotic therapies and vaccines along with research and
development is expected to drive the growth of the market in the upcoming
years.” states an FMI analyst
Meningococcal meningitis is a bacterial infection that causes
inflammation of the membranes surrounding the brain and spinal cord. Antibiotic therapy
meningitis depends on the severity of the infection, and the medications used
typically include antibiotics and supportive care.
Competitive Landscape
- Novartis has
conducted research into new treatments for meningococcal meningitis. For
example, the company has worked on the development of a monoclonal
antibody therapy for the disease, which aims to neutralize the bacteria
responsible for meningococcal meningitis.
- Nuron Biotech
is a biotechnology company that has been involved in the development and
production of a meningococcal vaccine called Menomune. Menomune is a
vaccine used to help protect against four different strains of
meningococcal disease (A, C, Y, and W-135). The vaccine is approved for
use in individuals aged 2 years and older in several countries around the
world.
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Key Companies Profiled:
- Biomed Pvt. Ltd
- Novartis
- Nuron Biotech
- Pfizer
- Baxter
- Merck & Co.
- Sanofi
- GlaxoSmithKline
Plc.
- F. Hoffmann-La
Roche Ltd.
- Athlone
Laboratories
- Wockhardt Ltd.
Key Segments Profiled in the Meningococcal Meningitis Treatment Industry
Survey
Causative Micro-organism:
- Bacterial
- Viral
- Fungal
Treatment Type:
- Antibiotic
Therapy
- Penicillin
- Ampicillin
- Chloramphenicol
- Ceftriaxone
- Adjunctive
Therapy
Route of Administration:
- Injectable
- Oral
Vaccine Type:
- Meningococcal
Conjugate Vaccine
- Meningococcal
Polysaccharide Vaccine
- Combination
Vaccine
Distribution channel:
- Hospital
Pharmacy
- Retail Pharmacy
- Online Pharmacy
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