How the Strep Throat Treatment Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theStrep Throat Treatment Market?
The rising incidence of bacterial infections is expected to propel the growth of the strep throat treatment market going forward. Bacterial infections are diseases caused by harmful bacteria that invade the body, multiply, and produce toxins. The rise in bacterial infections stems from antibiotic overuse, global travel, urbanization, poor hygiene, and healthcare-associated infections. Strep throat treatment addresses bacterial infections by providing effective medication and care, thereby alleviating symptoms, reducing the duration of illness, and preventing complications while helping healthcare providers manage patient outcomes and combat the spread of infections. For instance, in June 2023, according to a report published by the Office for Health Improvement and Disparities, a UK-based governmental body, a total of 4,622 notifications of scarlet fever Group A Streptococcus bacteria were received from week 37 to week 46 during the 2022-2023 season in England, with 851 notifications received in week 46 alone. This is significantly higher than an average of 1,294 notifications (ranging from 258 to 2,008) for the same period (weeks 37 to 46) over the previous five years. Therefore, a rising incidence of bacterial infections is driving the strep throat treatment market.
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How Has the Strep Throat Treatment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The strep throat treatment market size has grown steadily in recent years. It will rise from $2.08 billion in 2024 to $2.21 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The growth is attributed to the rising prevalence of streptococcal infections, increased awareness and diagnosis, better antibiotic accessibility, healthcare infrastructure improvements, government health initiatives, a growing pediatric population, and economic growth.
The strep throat treatment market is expected to reach $2.77 billion by 2029, at a CAGR of 5.8%. The growth is attributed to emerging antibiotic resistance, telemedicine adoption, global health initiatives, an aging population, healthcare access in developing regions, and pharmaceutical R&D investments. Key trends include telemedicine integration, rapid diagnostic test innovation, AI and machine learning, antibiotic development, biotechnology advances, wearable health technology, e-pharmacies, and digital health.
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Which Cutting-Edge Market Trends Are Expected to Drive theStrep Throat Treatment Market’s Growth?
In the strep throat treatment market, companies are developing new solutions like rapid throat infection diagnostics to improve patient care and reduce antibiotic misuse. These diagnostics, such as rapid strep tests, detect group A streptococcus bacteria for timely diagnosis and treatment of strep throat. In June 2024, bioMérieux, a France-based in vitro diagnostics company, launched the BIOFIRE SPOTFIRE Respiratory/Sore Throat (R/ST) Panel Mini, a rapid test designed to detect five common causes of throat infections, offering quick results at the point of care.
What Are the Leading Market Players Impacting theStrep Throat Treatment Market’s Growth Trend?
Major companies operating in the strep throat treatment market are Pfizer Inc., Johnson And Johnson, Merck And Co. Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, Novartis AG, F. Hoffmann-La Roche AG, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc (GSK), C.H. Boehringer Sohn AG And Co. KG, Eli Lilly and Company, Amgen Inc., Novo Nordisk A/S, Reckitt Benckiser Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd., Daiichi Sankyo Company Limited, Astellas Pharma Inc., Biogen Inc., Vertex Pharmaceuticals, Eisai Co. Ltd., Mylan N.V
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How Are the Key Segments of the Strep Throat Treatment Market Driving Opportunities and Innovations?
The strep throat treatment market covered in this report is segmented –
1) By Treatment Type: Antibiotics, Pain Relievers, Other Treatment Type
2) By Diagnosis: Antibody Test, Physical Examination, Throat Culture, Other Diagnosis
3) By Route Of Administration: Oral, Topical, Injectable
4) By Disease Type: Acute Strep Throat, Pharyngitis, Tonsillitis, Laryngitis, Other Disease Type
5) By End-Users: Hospitals, Specialty Clinics, Diagnostic Laboratories, Other End-Users
Subsegments:
1) By Antibiotics: Penicillin-Based Antibiotics, Amoxicillin-Based Antibiotics, Cephalosporins, Macrolides
2) By Pain Relievers: Non-Steroidal Anti-Inflammatory Drugs (Nsaids), Acetaminophen, Topical Throat Sprays Or Lozenges
3) By Other Treatment Types: Corticosteroids, Herbal Remedies, Saltwater Gargles And Other Home Remedies
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theStrep Throat Treatment Market?# Market Expansion?
North America was the largest region in the strep throat treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strep throat treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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