Encephalitis Treatment Market Segments, Opportunity, Growth and Forecast by End-use Industry 2023 to 2033
The global Encephalitis Treatment Market is projected to expand at a moderate CAGR of 5.4% from 2023 to 2033. The market is set to reach a valuation of US$ 34.08 billion in 2033, rising from US$ 20.14 billion in 2023.
The rapid technological progress of the healthcare sector, rising cases of encephalitis, and a surge in favorable initiatives to treat and manage the condition are certain factors that are responsible for the steady growth of the encephalitis treatment market during the period of observation.
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Encephalitis is defined as an infection or an inflammatory response of the tissues of the brain which can be caused by a viral infection, bacterial infection, autoimmune inflammation, and insect bites among others. The main objective of encephalitis treatment is to lessen the swelling and avoid further complications. An upsurge in the prevalence of encephalitis cases, in addition to increasing programs and initiatives to treat the condition, is anticipated to aid the growth of the encephalitis treatment market in the forthcoming years.
The high mortality and morbidity rates associated with encephalitis propel the encephalitis treatment market forward during 2023 and 2033. Again, the rise in government initiatives for vaccination programs further facilitates the growth of the market. Due to the continuous rise in encephalitis cases, it is important that more and more individuals should opt for immunization measures. This will likely boost the prospects for the market. Moreover, the rising cases of cancer will also facilitate market growth. This is owing to the fact that when the body is fighting cancer, certain immune responses might trigger encephalitis which has a positive impact on the encephalitis treatment market.
During the forecast period, rising investment in the healthcare infrastructure, growing initiatives by private and public organizations to spread awareness regarding the condition and its treatment options, surging demand for effective therapies, and growing expenditure on public health programs will shape the target market. Other factors like high disposable income, shifts in lifestyles, a growing geriatric population, and increasing research and development activities will stimulate the expansion of the encephalitis treatment market size in the next couple of years.
Key Takeaways:
A dearth of trained professionals, high treatment costs, and poor healthcare infrastructure, especially in low-income countries, may impede the growth of the encephalitis treatment market.
The encephalitis treatment market in the US will expand at a CAGR of 5.2% during the assessment period.
Europe will emerge as an attractive pocket for the encephalitis treatment market due to increasing investment in the healthcare sector with the U.K recording a CAGR of 5.1% during the observation period.
By end-users, the hospital segment will generate the highest revenue and account for 50.5% of the market share in 2023.
Competitive Landscape
Allergan
Merck & Co., Inc.
Pfizer Inc.
GlaxoSmithKline plc
Melinta Therapeutics LLC
Basilea Pharmaceutica Ltd.
Abbott Laboratories
F. Hoffmann-La Roche Ltd.
Teva Pharmaceutical Industries Ltd.
Sanofi
Predominant market players are keen on product upgrades and development as well as on releasing new products. These organizations also engage in strategic agreements and different organic and inorganic business strategies to strengthen their market footprints.
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Key Segments Covered in the Encephalitis Treatment Industry Survey
Encephalitis Treatment Market by Treatment:
Antiviral Agents
Steroid Injection
Antibiotics
Immunoglobulin Therapy
Plasmapheresis
Others
Encephalitis Treatment Market by End-Users:
Clinic
Hospitals
Others