COVID-19 IMPACT ON STREP THROAT TREATMENT MARKET
Strep throat is a bacterial infection that causes inflammation and pain in the throat. This common condition is caused by group A Streptococcus bacteria. The rising prevalence of bacterial infections and transmission of infectious diseases due to lack of cleanliness in developing countries is expected to drive the growth of the global strep throat treatment market.
On the basis of diagnosis, the strep throat treatment market is segmented into antibody test, physical examination, throat culture and others. Antibody tests and throat culture is expected to contribute significantly in the growth of the market in this segment.
With the COVID-19 breakout in December 2019, the disease has affected more than 200 countries. Therefore, it is important to take this into consideration while strep throat treatment market.
The disease may have led to temporary lag in the strep throat treatment market, but in the long run the strep throat treatment market is expected to pace up and flourish at a significant rate during the forecast period 2020-2030.
Strep Throat Treatment Market: Drivers and Restraints
Growing cases of bacterial infection are expected to boost the overall growth of the strep throat treatment market. The development of unhealthy lifestyle and lack of cleanliness is also expected to drive the growth of the strep throat treatment market.
The rising prevalence of severe diseases such as rheumatic fever due to untreated strep throat is also expected to contribute towards the growth of the global strep throat treatment market. However, the lack of awareness about the treatment and emergence of new antibiotic strains may restrict the growth of the market.
Strep Throat Treatment Market: Overview
The global market for strep throat treatment market is estimated to experience a considerable growth during the forecast period.
Based on diagnosis, the global strep throat treatment market is segmented into antibody test, physical examination, throat culture and others. Antibody test and throat culture are expected to have the largest share in this segment during the forecast period. This is due to increasing dependence on these tests, in order to determine the presence of the disease.
Based on end-users, the strep throat treatment market is segmented into hospitals, diagnostic laboratories, specialty clinics and others. In this segment, diagnostic laboratories are expected to generate huge revenue during the forecast period.
Strep Throat Treatment Market: Regional-Wise Outlook
Geographically, the strep throat treatment market is segmented into seven regions viz. South Asia, East Asia, Europe, Latin America, North America, Oceania and Middle East and Africa.
Due to latest technology development and presence of variety of innovative drug molecule to enhance the treatment procedure, North America is expected to account for the largest share in the strep throat treatment market.
Europe is expected to have the second largest market for global strep throat treatment market due to high research and development, healthcare expenditure and skilled professionals.
East Asia is expected to observe a substantial growth in the strep throat treatment market due to availability of funds for research and development. On the other hand, South Asia is expected to witness fastest growth in the strep throat treatment market due to increased prevalence of bacterial infections and increasing investment in healthcare infrastructure.
Developing medical infrastructure in Latin America is expected to result in steady growth of the strep throat treatment market during the forecast period.
In the Middle East and Africa the market growth is expected to be limited due to slow economic growth, underdeveloped infrastructure and lower access to technological advancement.
Strep Throat Treatment Market: Key players
Some of the players identified in the strep throat treatment market include:
- Merck & co.
- Abbott laboratories
- Johnson & Johnson
- Bristol-myers Squibb
- Eli Lily
- Astra Zeneca
- Valeant pharmaceuticals
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology Matrix
- Value Chain
Regional analysis of the strep throat treatment market report includes
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
Strep throat treatment market Report Highlights:
- Overview of Global Healthcare Market
- Evolution of the technology
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Strep Throat Treatment Market: Segmentation
Tentatively, the global strep throat treatment market has been segmented on the basis of diagnosis, end-users and regions.
Based on diagnosis:
- Antibody test
- Physical examination
- Throat culture
Based on end-users:
- Specialty clinics
- Diagnostic laboratories
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