Market Research Future published a Cooked research report on “Global MRSA Drugs Market Research Report – Forecast to 2023”– Market Analysis, Scope, Trends and Forecast to 2023
Global MRSA Drugs Market – Overview
MRSA (Methicillin-resistant Staphylococcus aureus) is more deadly than other staph bacteria, because it produces enzymes that enable it to invade and destroy host tissues and help it travel to other sites. MRSA drugs has got a huge attention during last few years owing to the increasing incident of MRSA infection. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, recently forecasted in its report on Global MRSA Drugs Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR of 4.4% while achieving million dollar growth readily in the forecast period.
Methicillin-resistant Staphylococcus aureus (MRSA) is a bacterium which is responsible for causing infections in different parts of the body. The major trends in the MRSA market includes cutting edge technology sheds light on antibiotic resistance. Scientists are concerned that resistant strains of bacteria could spread globally through travel or trade, including the exchange of foods. To help identify the presence of antibiotic resistant bacteria as early as possible & take steps to control their further spread, the FDA is using cutting-edge technology called whole genome sequencing (WGS). This are most widely used techniques in the research. The patients suffering from immunosuppressant diseases are more prone to the infections. According to World Health Organization about 36.7 million people are suffering from HIV/AIDS worldwide in 2016. The global MRSA market is majorly driven by increase in the prevalence of MRSA infections and number of hospital, rising geriatric population, and increasing number of patients suffering from immunosuppressant diseases. Additionally, increasing government support and rising demand for the treatment have fuelled the growth of the market. On the other hand, high cost of the drugs may slow the growth of the market.
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Competitive Analysis
During last few decades, there is a significant increase in the number of the patients suffering from MRSA infections. Major players of the market are focusing on American and Asian region as there are plenty of opportunity for the market growth. Merck, and Pfizer dominants the global MRSA markets due to their global reach and strong commercial platform. The companies have adopted the strategy of product launch, acquisition and collaboration for the development of the market.
The key players profiled in MRSA drugs are Merck KGaA (Germany), Olon (U.S.), Allergan (U.K), Baxter (U.S.), Theravance Biopharma (Cayman Islands), Pfizer (U.S.), Mylan N.V (U.S.), Novartis (Switzerland), F. Hoffmann-La Roche AG (Switzerland), and Wockhardt (India).
Latest Industry Updates
Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-
Sept 2017: Novartis, a multinational pharmaceutical company based in Switzerland revised and launched 3 products in two month (Sept. & Oct.). In Oct 2017, the company has received FDA approval for combination adjuvant therapy Tafinlar + Mekinist for stage III BRAF V600 mutation-positive melanoma patients. Whereas, in Sept 2017, the company’s drug Rydapt (midostaurin) received EU approval for newly diagnosed FLT3-mutated acute myeloid leukemia (AML).
Sept 2017: Merck, an American pharmaceutical company, has acquired Rigontec, RIG-I Therapeutics Pioneer, Advancing Leadership in Immuno-Oncology
The rising manufacturing capacity due to investments in the antibiotic drugs industry will result in greater competition and fragmentation of MRSA drugs segment. Initially it may take time for widespread growth of the technologically advanced and innovative MRSA drugs in the developing countries. Lack of infrastructure in the developing regions is another constraint on the investment in these regions as biotech is a very resource intensive industry. But in the near future, the growing importance and the disproportionate positive externalities generated by the biotech and particularly antibiotic industry on the research setup will result in greater support to the industry by the governments of these nations. Novel and untapped production techniques coupled with technological development of product will play a major part in the evolution of the global MRSA drugs market.
Regional Analysis
Regionally, the global MRSA drugs market is segmented into: America, Europe, Asia Pacific, and the Middle East & Africa. Americas accounts for the major share of the market owing to the huge patient population and well developed healthcare sector. Europe commands for the second leading market for MRSA drugs owing to the availability of the funds for research & development. Asia-Pacific is fastest growing market region for this market with the global share of 22.3%. The growth of the region is majorly attributed to the presence of huge opportunity for the development of the market. The Middle East and Africa accounts for the least market due to the presence of poor economic conditions in Africa region.
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