Research Nester published a report titled “Encephalitis Drugs Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalencephalitis drugs market in terms of market segmentation by drug class, distribution class, 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 globalencephalitis drugs market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of distribution channel into offline and online segments. Among these, the offline segment is further branched into hospital pharmacies, drug stores, and others, out of which, the hospital pharmacies segment is projected to garner the largest market revenue over the forecast period, on the back of rising patient pool in hospitals, and easy accessibility of drugs.
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The globalencephalitis drugs market is estimated to grow on account of increasing prevalence of encephalitis and deadly nature of this disease. The increasing geriatric population is estimated to boost the market growth, as encephalitis is mainly caused due to viral infection. Moreover, increasing medical R&D activities for the development of new drugs is estimated to boost the market growth.
On the basis of geographical analysis, the global encephalitis drugs 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 projected to gain the largest market share throughout the forecast period owing to the increasing healthcare expenditure, along with the presence of major pharmaceutical companies, in the region.
The research was global in nature and conducted 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, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Incidences of Encephalitis to Fuel the Market Growth
According to the statistics by the World Bank, 9.318% of the global population ages above 65 years, as of 2020.
Encephalitis is most common in young children and older adults, along with patients on immune depressant drugs. The rising geriatric population of the world, and increasing cases of auto-immune diseases, is, in turn, estimated to boost the prevalence of encephalitis. This is estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, increasing circulation of generic drugs is expected to operate as key restraint to the growth of the global encephalitis drugs market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global encephalitis drugs market which includes company profiling of Novartis AG, Pfizer Inc., Sanofi-aventis Groupe, Abbott Laboratories, Merck & Co., Inc., Boehringer Ingelheim International GmbH, Daiichi Sankyo Company, Limited, Siemens Healthcare GmbH, Baxter International, Inc., Janssen Pharmaceuticals, 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 encephalitis drugs 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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