Necrotizing Fasciitis Treatment Market value worth US$ 4.6 Billion is projected for the industry by 2032 | FMI
(Report, 325 Pages) During the assessment period, which runs from 2022 to 2032, the market for treating necrotizing fasciitis is expected to expand at a CAGR of 6.3%. The market, which had a valuation of US$ 2.4 billion in FY 2021, is anticipated to grow by 4.2% annually to reach US$ 2.5 billion. Furthermore, by 2032, the industry is expected to have a market value of US$ 4.6 billion.
Necrotizing fasciitis is a rare but serious bacterial infection that affects the tissue beneath the skin as well as surrounding organs and muscles. Necrotizing fasciitis begins with a minor injury and progresses rapidly.
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According to the CDC, 500 to 1,000 cases of NF are diagnosed in the United States each year. Necrotizing fasciitis has a poor prognosis in the presence of co-morbidities such as immunosuppression, chronic alcoholism, chronic renal failure, liver cirrhosis, and diabetes mellitus.
Any delay in diagnosing necrotizing fasciitis can be fatal, resulting in more extensive surgery, a high rate of amputation, and a high mortality rate. If necrotizing infection is not treated, it can lead to systemic inflammatory response syndrome.
Despite improved diagnostic tools and treatment management in recent years, the mortality rate of necrotizing fasciitis remains high. Surgery to remove infected tissues, antibiotics, and supportive treatment to control blood pressure, organ function, and fluid levels are all part of the treatment for necrotizing fasciitis.
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Necrotizing fasciitis progress very quick and lead to serious disease such as sepsis and organ failure.
Necrotizing Fasciitis Treatment: Market Dynamics
In the near future, the market for necrotizing fasciitis treatment will be driven by an increase in the prevalence of chronic disease and an increased focus on research and development of rare diseases as well as the development of new technology.
Rising awareness and innovation in wound and trauma therapy, as well as innovation in the diagnosis of rare diseases, will drive the market for necrotizing fasciitis treatment during the forecast period.
The use of nonsteroidal anti-inflammatory drugs (NSAIDs) and steroid drugs, which suppress fever, makes disease diagnosis difficult, and a lack of specific treatment and diagnostic criteria impedes the growth of the necrotizing fasciitis treatment market.
Necrotizing Fasciitis Treatment: Overview
The development of technology-driven treatments for rare diseases has significantly boosted the market for Necrotizing Fasciitis Treatment. Recent development in the drug development and growing number of drug in the clinical trial, focus on technological and biological advances drive the market of Necrotizing Fasciitis Treatment in the near future.
New technology and treatment with intravenous antibiotics option and development of new therapy will drive the market of intently modulated radiation therapy. Increasing prevalence of chronic disease and increase level of awareness for the rare disease also drive the market in the forecast period.
Because of the increased number of cases of type I necrotizing fasciitis, type I accounts for the largest revenue share. Due to the increasing number of hospital pharmacies during the forecast period, hospital pharmacies account for the largest revenue share by end user.
Necrotizing Fasciitis Treatment: Region-wise Outlook
The North America market for Necrotizing Fasciitis Treatment Market holds the largest revenue share, due to rising awareness on the diagnosis as well treatment of rare disease. Increasing disease related to bacterial infection and increasing research and development for new drug and treatment drive the market of North America.
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Because of the rising prevalence of chronic diseases such as cancer, diabetes, and infections, Europe has the second largest revenue share in the global necrotizing fasciitis treatment market. Asia Pacific is expected to witness rapid growth in the necrotizing fasciitis treatment market, due to government funding for rare disease and clinical trials and high prevalence of chronic diseases and developing healthcare infrastructure in countries such as India.
China is expected to experience significant growth as a result of increased awareness of bacterial infection and the development of new treatment options. Latin America and Middle East & Africa are projected to exhibit slow growth in Necrotizing Fasciitis Treatment Market, owing to lack of awareness and limited treatment facilities and less developed healthcare infrastructure.
Necrotizing Fasciitis Treatment: Key Players
Examples of some of the key players present in the global necrotizing fasciitis treatment market are GlaxoSmithKline plc, Pfizer Inc, Bristol-Myers Squibb Company, Merck & Co., Inc, Abbott, Teva Pharmaceutical Industries Ltd among others.
The report covers exhaustive analysis on
- Necrotizing Fasciitis Treatment Market Segments
- Necrotizing Fasciitis Treatment Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Necrotizing Fasciitis Treatment Market Size & Forecast 2016 to 2024
- Necrotizing Fasciitis Treatment Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Necrotizing Fasciitis Treatment Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific Excluding China
- Middle East & Africa
Necrotizing Fasciitis Treatment: Segmentation
The global Necrotizing Fasciitis Treatment Market is segmented on basis of type, drug type and geography.
Segmentation by Type
- Type I
- Type II
- Type III
- Type IV
Segmentation by drug Type
- Penicillin G
Segmentation by Distribution Channel
- Hospitals Pharmacies
- Retail Pharmacies
- Drug Stores
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