Leprosy treatment market information: by drug class (sulfone, phenazine, derivative, anti-tubercular drugs, others) by disease type (paucibacillary leprosy, multibacillary leprosy) by market channel (private, contract, others) - Global Forecast till 2023
Pune, India - April 25, 2019 /MarketersMedia/ —
Market Overview:
Leprosy is one of the diseases that had transformed societies following its outbreak, but after major efforts to eradicate this disease, the detection rates have fallen immensely. Market reports connected with the healthcare industry have been made available by Market Research Future which generates reports on other business verticals that outlines the current market scenarios. The market is expected to achieve $ 3.5 billion while progressing at a CAGR of 3.2 % through the forecast period.
The stigma related to the disease had caused significant hurdles in the treatment of leprosy, but a better awareness of the symptoms of the disease has led to the development of the market. Improved detection techniques are expected to further aid the development of the market in the forecast period.
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Segmental Analysis
The leprosy treatment market is segmented on the basis of disease type, drug class, and market channel. On the basis of drug class, the leprosy treatment market has been segmented into phenazine, sulfone, derivative, anti-tubercular drugs and others. On the basis of disease type, the market has been segmented into multibacillary leprosy and paucibacillary leprosy. On the basis of end users, the market has been segmented into contract, private, and others. The regions included in the market segmentation are Middle East, North America, Asia Pacific, Europe, Africa and the rest of the world.
Detailed Regional Analysis
The regional analysis of the leprosy treatment market covers regions such as the Middle East, North America, Asia Pacific, Europe, Africa and rest of the world. In the North American region, the US is responsible for the maximum market share owing to the favorable reimbursement scenario and increased expenditure on healthcare. The rapid market uptake of new technology in the US is also an essential driver of the market for leprosy treatment. The European region is the next biggest market owing to the availability of large disposable income and improving awareness. The Asia Pacific region is anticipated to have the most potential and it is expected to be led by nations such as China and India. The Middle East & Africa market is controlled by the Gulf nations especially Saudi Arabia and UAE. The poor regions of Africa are anticipated to witness restricted growth due to slow economic and political conditions and restricted healthcare penetration.
Competitive Analysis
The use of effective strategy execution techniques is expected to bear optimistically on the future growth of the market. The competitors in the market are attempting to establish various leaderships that will enable them to capture a more significant share of the market. Improved accessibility to diverse resources and capabilities is expected to impel the growth of the market in the coming forecast period. Moreover, the vertical integrations and product strategies of the market is increasing the prospects for the market players. The analysis of the market reveals that it is poised for a high growth rate in the forthcoming years. Product differentiation has created a favorable product differentiation scenario that is complementing the market’s growth. The competitors shaping the leprosy treatment market are Systopic Laboratories Pvt. Ltd., Cadila Pharmaceuticals, Novartis International AG, Acme Pharmaceuticals, Macleods Pharmaceuticals, Glaxo SmithKline, Astra Zeneca, Lark Laboratories Ltd., and others. `
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