The global gonorrhea therapeutics market size surpassed at US$ 1.4 Bn in 2019 and to reach US$ 2 billion by 2027 with a CAGR of 5.1% from 2020 to 2027.
Why Partnerships with Hospital Pharmacies Could be Profitable
The sales of gonorrhea therapeutics are projected to witness significant uptake from hospital pharmacies, as hospitals remain preferred care centers for patients diagnosed with gonorrhea. According to TMR’s estimates, hospital pharmacies will account for a value tantamount to ~US$ 548 Mn in 2019, out of which, ~37% of sales will come from hospital pharmacies based in North America alone.
Propitious environment for the growth of the healthcare sector in North America that is attributable to the intervention of the government in creating awareness regarding the prevalence of diseases, and hefty financial allocations for R&D activities are also likely to reflect on the advancement of the gonorrhea therapeutics market. Currently, North America monopolizes the gonorrhea therapeutics market; however, the Asia Pacific market holds profitable prospects on account of the growing sprawl of bacterial infections. On top of it, improvements in healthcare infrastructure coupled with financial lucidity of individuals has encouraged a large base to opt for effective gonorrhea therapeutics.
Drivers & Restraints
Rising Prevalence of Gonorrhea and Use of New Diagnostic Tests to Drive Market Growth
The diagnosis of gonorrhea is an ongoing challenge. Gonorrhea is the second-most commonly reported notifiable disease in the U.S. Infections due to Neisseria gonorrhea, such as those resulting from chlamydia trachomatis, are a major cause of pelvic inflammatory disease (PID) in the U.S. Moreover, epidemiologic and biologic studies provide evidence that gonococcal infections facilitate the transmission of HIV infection.
Gonorrhea is a common bacterial sexually transmitted disease (STD) that can cause serious complications if not detected and treated. Gonorrhea testing identifies if the bacteria Neisseria gonorrhea is the cause of a person's infection. Screening, for diagnosing, and treating gonorrhea is highly important to prevent long-term complications and spread of the infection.
Numerous tests available to detect gonococcal infection mostly require laboratory facilities, and hence, are expensive. Tools for gonorrhea diagnosis include microscopy, culture, and various nonculture methods. Laboratory tests are highly sensitive; however, in practice, their high costs and technical requirements make their routine use difficult, and compromise their potential impact on STI control and management. Nevertheless, the increasing prevalence of gonorrhea and the advent of new diagnostic tests are expected to drive the growth of the gonorrhea therapeutics market.
Uncomplicated Gonococcal Infection Type to Dominate Gonorrhea Therapeutics Market
Hospitals Pharmacies Promising Distribution Channel
North America a Prominent Gonorrhea Therapeutics Market
Growth Strategies by Key Players in the Gonorrhea Therapeutics Market
By Gonococcal Infection
By Route of Administration
By Distribution Channel
Scope of the Study
[200 Pages Report] Vision Research Reports, in its latest business study, identifies significant growth opportunities present in the gonorrhea therapeutics market for the forecast period of 20209-2027. The comprehensive business study traces significant trends and recent developments encircling the gonorrhea therapeutics landscape. In addition, it provides intelligent industry insights into the gonorrhea therapeutics market by lending an incisive assessment of the key drivers, restraints, threats, and opportunities.
This comprehensive business study offers a detailed assessment of the demand and supply chain in the gonorrhea therapeutics market. This exclusive guide determines the macroeconomic as well as microeconomic parameters that help in comprehending the growth of the gonorrhea therapeutics market during the forecast period.
The gonorrhea therapeutics market size has been evaluated in terms of value (US$ Mn). Information included in this exhaustive research report can aid stakeholders in the gonorrhea therapeutics market in determining profitable growth opportunities for their business advancement.
This exclusive research report also uncovers an in-depth SWOT assessment of the leading, prominent, and emerging market players operating in the gonorrhea therapeutics market. This assessment will aid stakeholders gain an incisive perspective apropos of the growth of the gonorrhea therapeutics market.
This in-depth business guide assesses and includes Porter’s Five Forces to provide key growth strategies present in the gonorrhea therapeutics market during the forecast period. This exclusive guide provides key information about the competition present in the gonorrhea therapeutics market by identifying key competitors. The exclusive report also includes key strategies, financials, and notable developments present in the gonorrhea therapeutics market during the forecast period of 2019-2027.
Key Questions Answered
An exclusive business study published by Vision Research Reports(VRR) offers intelligent insights apropos of the growth of the gonorrhea therapeutics market, through which stakeholders operating in the market can gain an edge over their competitors. Authors of the report assess the gonorrhea therapeutics market, and provide data and numbers demonstrating the impact of the influential trends and key developments in the industry. The global study addresses the key questions of stakeholders in the gonorrhea therapeutics market.
Research carried out by analysts at VRR includes a robust research approach that includes both, primary and secondary research. In order to carry out primary research, discussions were scheduled with distributors, industry experts, vendors, and key opinion leaders. This significantly helps in assessing the demand-supply gap in the gonorrhea therapeutics market.
For carrying out secondary research, company websites, marketing collaterals, press releases, industry associations, and statistics presented by government websites were referred to.
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