Research Nester published a report titled “Blastomycosis Treatment Market: Global Demand Analysis Opportunity Outlook 2030” which delivers detailed overview of the global blastomycosis treatment market in terms of market segmentation by anatomy, treatment, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global blastomycosis treatment market is anticipated to attain a CAGR of ~3.5% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of treatment into medication and surgery, out of which, the medication segment is estimated to garner a significant share over the forecast period, as majority cases of blastomycosis are acute and can be treated using anti-fungal medications. The rising application of drugs to treat the infection, along with its easy availability, is estimated to boost the segment growth.
The global blastomycosis treatment market is anticipated to grow on the back of increasing prevalence of blastomycosis and other fungal infections, due to poor immunity of the people. Unhygienic lifestyle, growing prevalence of lifestyle diseases, and lack of health awareness are some of the factors responsible for weak immune system. Weakened immunity leads to easy transmission of infection amongst the population, and can even cause severe infection. Moreover, fungi and other microbes tend to develop resistance towards the existing anti-microbial drugs, which surges the need for development of new drugs frequently. Such factors are estimated to collectively boost the market growth.
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On the basis of region, the global blastomycosis treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the higher prevalence of blastomycosis, along with other fungal infections, in the United States and Canada. Blastomyces fungus grows in moist soil and dead and decaying organic matter, such as, leaves and wood. Abundance of temperate forests in some regions in the North America, is one of the primary factors estimated to boost the market growth. According to the data by the U.S. Center of Disease Control and Prevention (CDC), approximately 10-40 cases of blastomycosis can be recorded per 100,000 individuals in some regions of the U.S.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Health Awareness likely to Fuel the Market Growth
The rising concerns amongst governments regarding the weak immunity, and poor lifestyle amongst people, along with rising health awareness amongst people themselves, are estimated to boost the market growth.
However, circulation of generic drugs is expected to operate as key restraint to the growth of the global blastomycosis treatment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global blastomycosis treatment market which includes company profiling of Viatris Inc., Hindustan Antibiotics Limited, Sun Pharmaceutical Industries Ltd., Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, Merck Co., Inc., Siemens Healthcare GmbH, Pfizer Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global blastomycosis treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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