Meningitis Treatment Market Revenue, Opportunity, Forecast and Value Chain 2016-2026
Meningitis refer to the inflammation of the meninges of the brain. It can result from either infectious or non-infectious mode. Since it is a fatal disease and can cause severe brain damage in almost half of the infected patients if not treated and can cause persistent neurological defects in around 10-15% of the survivors, the treatment of the indication becomes inevitable. Globally, the disease has caused an estimated 700,000 cases and 70,000 deaths over the past 10 years. As per WHO, twenty-six African countries in sub-Saharan Africa are known as Meningitis belt and carry highest epidemic risk. These numbers highlight the huge market for meningitis treatment.
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Meningitis Treatment Market: Drivers and Restraints
The driving factor for the meningitis treatment market is growing government and foundation initiative For instance, GAVI’s initiative to save children’s lives and protect people’s health through the widespread use of vaccines and growing advances in genetics, immunology and vaccines technology can be attributed to enhancement in the meningitis market. The meningitis market growth can be also be attributed to factors such as rising cases of cross-country travel and increasing incidence of road accidents. According to the upcoming data of clinical trials, a lot has been happening in the vaccines R&D domain as well. However, cost along with re-imbursement scenario in some of the countries is restraining the growth of global meningitis market. Stringent regulatory policies along with the orthodox religious beliefs in some of the countries across the major markets are also posing significant challenges for global meningitis market growth.
Meningitis Treatment Market: Segmentation
Meningitis treatmentmarket is classified on the basis of causative micro-organism type, Treatment type, Type of settings and geography.
Based on causative micro-organism, the global meningitis treatment marketcan be segmented as follows:
Based on treatment Type, the global meningitis treatment marketcan be segmented as follows:
- Antibiotic Therapy
- Adjunctive Therapy
Based on vaccine type, the global meningitis treatment marketcan be segmented as follows:
- Meningococcal Conjugate Vaccine
- Meningococcal Polysaccharide Vaccine (MPSV4)
- Combination Vaccine
Meningitis Treatment Market: Overview
The global market overview for meningitis vaccine looks promising considering advances in the diagnostic as well as the technological platforms. The focus on vaccination is increasing specially among the developing economies due to increasing awareness of the public and rising income to spend on the healthcare. There is optimistic shift towards the reimbursement scenario across both developing and developed countries.
Meningitis Treatment Market: Region-wise Outlook
Depending on geographic regions, global meningitis treatment marketmarket is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. The incidence rate of meningitis in developing countries such as Africa and India is higher than that in the developed countries by ten times since the access to preventive measures of the disease is still not well developed. Every year, there will be 8000 cases of meningitis and a total number of 2000 deaths occur that mark this disease as high morbidity and mortality. North Amnerica remains the dominant market followed by Europe. Asia-pacific market is growing specially due growing government based initiatives towards vaccination.
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Meningitis Treatment Market: Key Players
The global meningitis market is dominated by Pfizer, GSK, Sanofi, Novartis, Merck & Co. These players account for the major share of meningitis market. Meningitis market is gaining momentum based on the current need and demand in the global cases of meningitis. Other nominal yet important players of this market include Medimmune, Biomed Pvt. Ltd, Nuron Biotech and Baxter.