Meningitis Diagnosis and Treatment Market Synopsis
Meningitis is a type of disease that affects brain and spinal cord. Efforts are being directed towards combating the rising burden of the disease. Investments in research projects are poised to increase in finding more effective treatment methods. Rising investments in drug research are further poised to boost the growth pattern of the meningitis diagnosis and treatment market over the next couple of years.
Global Meningitis And Treatment Market could exhibit a CAGR of 3.38% over the review period 2018 to 2023. By 2023, the market is estimated to earn revenues worth USD 430.2 Mn.
Increasing awareness about the fatal adverse effects of the disease is poised to catapult the meningitis diagnosis and treatment market on upward trajectory. Also, the rising burden of the disease is expected to have a favorable impact on the growth pace of the market in the forthcoming years.
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Competitive Dashboard:
Leading players in the meningitis diagnosis and treatment market include B. Braun Melsungen AG, Sanofi, Pfizer Inc., Siemens Healthcare Private Limited, GlaxoSmithKline plc, Merck KGaA, Baxter, Abbott, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Quest Diagnostics Inc., Luminex Corporation, F. Hoffman-La Roche Ltd., Cepheid, and Pfizer Inc., hold dominant shares in the market.
Market segmentation:
By type, the global meningitis diagnosis and treatment market have been segmented into viral meningitis, bacterial meningitis, fungal meningitis, and others. Among these, the viral meningitis segment held the largest share of the market closely trailed by the bacterial meningitis segment in 2017. These segments held 40% of the total share of the market together. Both of these segments are assessed to exhibit remarkable growth in the years to come.
By service, the meningitis diagnosis and treatment market has been segmented into treatment and diagnosis. The treatment segment has been further sub-segmented into antibiotics, antifungal drugs, steroids, and others. The diagnosis segment has been sub-segmented into imaging, blood tests, lumbar puncture, and others. The treatment segment is anticipated to dictate the expansion of the market and expand at a relatively higher CAGR over the assessment period.
By End-user, the global meningitis diagnosis and treatment market has been segmented into hospitals & clinics, diagnostic centers, and others. Among these, the hospitals & clinics segment accounted for the maximum share of the market in 2017 and earned revenues worth USD 274.12 Mn. The segment is touted to demonstrate the highest CAGR of 3.54% across the projection period.
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS
TABLE 2 PRIMARY INTERVIEWS
TABLE 3 GLOBAL MENINGITIS DIAGNOSIS AND TREATMENT MARKET, BY TYPE, 2015–2023 (USD MILLION)
TABLE 4 GLOBAL MENINGITIS DIAGNOSIS AND TREATMENT MARKET FOR VIRAL MENINGITIS, BY REGION, 2015–2023 (USD MILLION)
TABLE 5 GLOBAL MENINGITIS DIAGNOSIS AND TREATMENT MARKET FOR BACTERIAL MENINGITIS, BY REGION, 2015–2023 (USD MILLION)
TABLE 6 GLOBAL MENINGITIS DIAGNOSIS AND TREATMENT MARKET FOR FUNGAL MENINGITIS, BY REGION, 2015–2023 (USD MILLION)
…To be Continued.
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It has been studied in this report that the rising demand for point of care diagnostics is projected to catalyze expansion of the meningitis diagnosis and treatment market over the next couple of years. On the contrary, lack of awareness with regard to the disease in developing regions is expected to undermine market growth in the ensuing years.
Regional Analysis:
Geographically, the meningitis diagnosis and treatment market is segmented into Europe, Asia Pacific (APAC), Americas, and the Middle East & Africa (MEA). The Americas dominated the market with 37.4% share in 2017, followed by Europe, Asia-Pacific and the Middle East & Africa.
Although the Americas accounted for the largest market share, the region is predicted to display 2.92% CAGR over the forecast period. Presence of various players and rapid approval of drugs can positively impact the revenue margins of the meningitis and diagnosis treatment market. Availability of advanced techniques such as lumbar puncture in diagnostic centers is likely to bolster regional market demand.
The Asia-Pacific region is touted to exhibit Highest CAGR during the assessment period. This is due to initiatives by healthcare providers to detect neurological disorders at an early stage.
The Europe meningitis diagnosis and treatment market are driven by the slew of medical diagnostic devices in the U.K., France, and Germany. Rise in healthcare spending by these nations to lower the mortality rate caused by meningitis can work in favor of the market. Utilization of advanced imaging techniques such as computed tomography for the diagnosis of chronic diseases at an early stage is predicted to contribute to market growth.
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The growing scope of the healthcare sector in emerging regions is likely to be a major driver for the global meningitis diagnosis and treatment market over the forecast period.
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