Infectious Disease Therapeutics MarketSize and Trends

Global Infectious Disease Therapeutics Market Drivers

Infectious disease therapeutics market is expected to witness significant growth over the forecast period, owing to increasing prevalence of infectious diseases, increasing awareness regarding the early diagnosis of infectious diseases, and increasing research funding activities by various private and government organizations. For instance, according to the National Ambulatory Medical Care Survey: 2015 data findings, 16.8 million visits to physician offices for infectious and parasitic diseases were registered in the U.S. According to the same source, since September 2012, it has been notified that around 2,143 laboratory-confirmed cases of infection with MERS-CoV.

The World Health Organization (WHO) also added that GISRS (Global Influenza Surveillance and Response System) laboratories, from April 2, 2018 to April 15, 2018, tested over 137,071 specimens from various National Influenza centers (NIC) and other national influenza laboratories of 113 countries. Among these collected specimens, around 21,639 were positive for influenza viruses, wherein 12,034 (55.6%) were classified as influenza A and 9,605 (44.4%) as influenza B. According to the Centers for Disease Control and Prevention (CDC), around 5,251 deaths due to influenza infection were registered in the U.S. in 2015. According to the World Health Organization (WHO), in 2015, around 32,000 estimated deaths from tuberculosis and around 3, 23,000 new cases of TB cases being registered in Europe. According to the data published in European Centre for Disease Prevention and Control (ECDC), in February 2018, around 44,000 people die annually from respiratory diseases associated with seasonal influenza in Europe, out of a total of around 6,50,000 global deaths annually.

Moreover, increasing advancements in rapid diagnosis of various infectious diseases allowing early and quicker diagnosis is greatly impacting the medical outcome of disease treatment. Advanced technologies such as lateral flow, agglutination assays, and solid phase that are used in rapid diagnostics of infectious diseases are integrated with innovative features such as portability of handheld devices, offering point-of-care treatment to the patients. Moreover, advancements in the technology of point-of-care diagnostics is expected to drive growth of infectious disease therapeutic market over the forecast period. For instance, in 2014, Becton, Dickinson, and Company offered point-of-care system BD FACSPresto for HIV/AIDS. It offers percentage results of CD4 T lymphocytes and hemoglobin concentration. Moreover, in January 2017, Infectious Disease Research Institute (IDRI) developed a fusion antigen, which is used as a part of diagnostic test manufactured by InBios International, Inc. for Chagas disease.

Moreover, research funding is provided by various government and private organizations for infectious diseases to provide effective diagnostic and treatment options. For instance, in November 2016, QuantuMDx Group received funding from Bill & Melinda Gates Foundation to develop and test company’s CAPTURE-XT pathogen concentration technology and Q-POC molecular diagnostic platform for rapid low cost detection of tuberculosis. In January 2018, University of Glasgow-led project received US$ 1.85 million funding, which is a part of Global Challenges Research Fund (GCRF). This project will develop new tests for parasitic diseases and rapid testing in remote locations to help enable rapid diagnosis and rapid treatment of infectious diseases.