While the Urinary Tract Infection Treatment Market Projects a Sluggish Growth Rate over the Forecasted Period, New Treatment Breakthroughs Expected to Aid the Recovery of the Market
Valley Cottage, NY -- (SBWIRE) -- 10/30/2018 -- There has been an increasing prevalence of the urinary tract infection followed by which, greater emphasis is given to the urinary tract infection treatment for effective control of the incidents of the spreading urinary tract infections. The global analysis presented in the research study conducted by Future Market Insights (FMI), projects that the global urinary tract infection treatment market revenue is projected to grow at a CAGR of 2.1% during the forecast period from 2016 to 2026. The urinary tract infection treatment market is expected to account for over US$ 11,585.9 million by the end of 2026, owing to major changes projected by the market. Although the market projects a sluggish growth, the growing awareness of the urinary tract infection treatment further supported by favorable incentives and policies of reimbursements are expected to nurture the urinary tract infection treatment market throughout the period of assessment.
Regulatory requirements and declining investments in research are expected to lead the market towards a low CAGR. Complex clinical trials have resulted in a declining focus towards research and development by the major companies. Moreover, the sale of drugs and medication prescribed for the urinary tract infection treatment is seen declining as the patients suffering from urinary tract infection are symptom-free for an initial week or two, unlike the chronic diseases.
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Despite the setbacks, the growth of the urinary tract infection treatment market is expected to be predominantly triggered by the growing prevalence of urinary tract infections followed by the new medication and drugs prescribed for the urinary tract infection treatment. The stagnancy in the urinary tract infection treatment market is expected to be aided by new and improved drugs and medical breakthroughs that would redefine the future of the urinary tract infection treatment market. New improvements introduced to the urinary tract infection treatment market are expected to assist the market in effective recovery from the modest growth rate. Researchers have developed new antibiotics for fighting the urinary tract infections. The United States Food and Drug Administration (FDA) has approved the use of the antibiotic plazomicin for the treatment of complex urinary tract infections. Even though it is not a new antibiotic, plazomicin has been developed by the United States biotech Achaogen to treat infections.
Owing to the growing consumption of antibiotics in the BRICS countries, these regions are the most promising regions for the urinary tract infection treatment market. Amongst other regional markets stated in the research study, the APEJ market is projected to reach US$ 4,400.5 million in terms of revenue. As the consumption of antibiotics is highest in China and India owing to the rising disposable income in these countries, the APEJ region is expected to register a fastest growth rate of 2.4 percent in terms of market value over the forecast period.
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The rising number of urinary tract infection patients across the globe owing to the urinary tract infection's contribution to the second-largest patient pool in the world, there are a number of generic antibiotic drugs made available for the urinary tract infection treatment. This factor has changed the global scenario of the health-care and pharmaceutical industry. Major market players such as Cipla, GlaxoSmithKline, and Pfizer are seen investing in antibacterial discovery programs for an improved treatment of the urinary tract infection. Moreover, the major participants are focusing on contributing enhanced drugs to the urinary tract infection treatment market by involving in collaborations and focusing on extended research to cater to the unmet needs of the urinary tract infection patients. The market players such as Johnson & Johnson Private Ltd. are seen implementing expansion strategies for spreading their operations in leading markets such as China, India, and Brazil for growing their business as the sales are slow in matured markets in regions including the United States and Europe.