Global tuberculosis (TB) therapeutics market is anticipated to grow at a significant CAGR of over 4% during the forecast period. Government initiatives for promoting education about tuberculosis diagnosis and treatment among the population will drive the market growth. Multiple partnerships with government and non-government organizations have been the major key strategy adopted by market players globally. These collaborations have been aiming for eliminating tuberculosis from society by supplying an adequate number of drugs to several countries as well as government organizations.
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Moreover, increasing spending on R&D for the development of new drugs tend to drive the growth of global tuberculosis (TB) therapeutics market during the forecast period. Funding for research and development in the field of tuberculosis treatment will offer a huge opportunity for the global tuberculosis therapeutics industry across the globe. Funding for R&D has been increasing significantly over past levels, and other institutional barriers to research and development have been resolved.
In 2017, Funding for TB care and prevention reached $6.9 billion in 118 low and middle-income countries. Funding on research and developments in 2016 was $6.3 billion and it was more than double the funding in 2006 which was approximately $3.3 billion. Such an increase in funding on tuberculosis tends to provide ample opportunity for the growth of global tuberculosis (TB) therapeutics market in the near future.
Johnson and Johnson Services Inc., Lupin Ltd., Otsuka Pharmaceutical Co. Ltd., Macleods Pharmaceuticals Ltd., Merck & Co. Inc., Novartis International AG, and Pfizer Inc are some of the key players operating in global tuberculosis (TB) therapeutics industry. The players are collaborating with non-profit organizations to meet the needs of the people. For instance, in 2019., Macleods Pharmaceuticals Ltd. collaborated with TB Alliance for a new therapy for highly drug-resistant TB. Macleods Pharmaceuticals was granted a non-exclusive license by TB Alliance to manufacture the anti-TB drug pretomanid as part of the three-drug “BPaL” regimen. Such collaborations tend to expand global tuberculosis (TB) therapeutics market size in the near future.
Global Tuberculosis (TB) Therapeutics Market Segmentation
By Disease Type
- Active TB
- Latent TB
By Therapy
- First-Line Therapy
- Second-Line Therapy
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Global Tuberculosis (TB) Therapeutics Market – Segmentation by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Akorn Inc.
- AstraZeneca Plc
- Biochemical and Synthetic Products Pvt Ltd.
- Eli Lilly & Co.
- GlaxoSmithKline Plc
- Johnson and Johnson Services Inc.
- LabatecPharma SA
- Lupin Ltd.
- Macleods Pharmaceuticals Ltd.
- Merck& Co. Inc.
- Mylan N.V.
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