GLOBAL STREP THROAT TREATMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Strep throat is a bacterial infection caused by Group A Streptococcus (GAS) that results in an inflammation and soreness of the throat and tonsils. It is a very common infectious disease, especially among children aged 5-15 years. According to recent estimates provided by La Jolla Institute for Immunology, a research institute in 2022, strep throat affects over 600 million people globally each year. If left untreated, it can lead to various other severe health complications like rheumatic fever and kidney disease. The current market for strep throat treatment relies on antibiotic medications like penicillin and amoxicillin to clear the bacterial infection. However, increasing antibiotic resistance is posing a major challenge. As a result, pharmaceutical companies are focusing on developing new drugs and treatment options to effectively manage strep throat infections.

Market Dynamics:

Global strep throat treatment market growth is driven by rising prevalence of Strep throat infections worldwide. It is estimated that over 18 million cases of Strep throat occur in the U.S. alone each year. The market growth is also boosted by growing health awareness and easy availability of over-the-counter treatment drugs. However, the market potential can be restricted due to the self-limiting nature of most strep throat infections. Developing alternative treatment approaches also involves long development cycles and high investment costs which hinders innovative research activities. Moreover, market saturation of generic antibiotic drugs further limits robust revenue generation opportunities. Nevertheless, the market is presented with opportunities to address the unmet needs through novel drug delivery technologies and vaccines against Strep throat.

Health awareness among the general populace has increased, with more people seeking prompt medical advice and treatment for symptomatic relief and to prevent complications such as rheumatic fever. This awareness is bolstered by greater access to healthcare services and information resources that encourage timely treatment of Strep throat. Over-the-counter (OTC) medications serve as an initial resort for symptom management, driving the OTC segment of the market. The easy availability of these drugs contributes to the overall market growth, providing patients with immediate access to relief from sore throat symptoms associated with Strep infections. However, the inherent self-limiting nature of most Strep throat infections, where symptoms resolve without treatment, can impede market growth potential as individuals may opt for home remedies or choose not to pursue pharmaceutical interventions. Developing new and improved treatments for Strep throat can be a costly and time-intensive endeavor, often marked by long development cycles. High investment costs can act as a deterrent for innovative research and drug development. Yet, opportunities within the market lie in the advancement of drug delivery mechanisms and the development of vaccines against the causative bacteria, Group A Streptococcus. Novel drug formulations and delivery technologies can enhance treatment efficacy and user experience, while vaccines could significantly reduce the incidence of infections. The market is also ready for the introduction of rapid diagnostic tools, which could facilitate early and accurate detection of Strep throat infections, allowing for appropriate treatment interventions and reducing unnecessary use of antibiotics.

 For instance, in September 2021, Lincoln Pharmaceuticals Ltd, a pharmaceutical company, announced the acquisition of facility in Mehsana that makes antibiotics used in the treatment of pneumonia and bronchitis, among other ailments.

Key features of the study:

• This report provides in-depth analysis of the global strep throat treatment market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global strep throat treatment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Pfizer Inc., Sanofi, Astrazeneca, Novartis AG, Bayer AG, GSK plc, Melinta Therapeutics, Amgen Inc., Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Merck & co, Inc., Johnson & Johnson Service, Inc., Accord Healthcare, Amneal Pharmaceuticals LLC., MiddleBrook Pharmaceuticals, Inc., and Taiho Pharmaceutical Co., Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global strep throat treatment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global strep throat treatment market

Global Strep Throat Treatment Market- Segmentation

• By Treatment Type

• • Antibiotics
    • Amoxicillin
    • Penicillin
    • Others
  • Pain Relievers
  • Others
• By Route of Administration
• • Oral
  • Topical
  • Injectable
• By Disease Type
• • Acute Strep Throat
  • Pharyngitis
  • Tonsillitis
  • Laryngitis
  • Others
• By Distribution Channel
• • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top companies in Global Strep Throat Treatment Market:
• • Pfizer Inc.
  • Sanofi
  • Astrazeneca
  • Novartis AG
  • Bayer AG
  • GSK plc
  • Melinta Therapeutics
  • Amgen Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Takeda Pharmaceutical Company Limited
  • Merck & co, Inc.
  • Johnson & Johnson Service, Inc.
  • Accord Healthcare
  • Amneal Pharmaceuticals LLC.
  • MiddleBrook Pharmaceuticals, Inc.
  • Taiho Pharmaceutical Co., Ltd