The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Pharyngitis Treatment Global Market Report 2023, the pharyngitis treatment market is expected to show promising growth in the forecast period.

Resilient Growth: A Steadfast Ascent
The pharyngitis treatment market has demonstrated robust growth, with a noteworthy increase from $2.15 billion in 2023 to an anticipated $2.27 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 5.5%. This trajectory is underpinned by various factors, including the high prevalence and growing incidence of flu, rising prevalence of pharyngitis, growing awareness of pharyngitis, increasing access to healthcare, and rising disposable incomes.

Projected Momentum: A Promising Future
The pharyngitis treatment market is poised for substantial growth in the coming years, projecting an expansion to $2.8 billion by 2028 at a CAGR of 5.3%. This anticipated growth is attributed to several factors, including the adoption of rapid point-of-care tests, a surge in demand for personalized medicine, the prevalence of antibiotic resistance, and the rising importance of hand hygiene. Major trends in the forecast period encompass advancements in research and development of pharyngitis therapies, the integration of digital health technologies, and the rise of telehealth.

Contagious Concern: Strep Throat Transmission

Increasing Strep Throat Transmission Fueling Growth In The Pharyngitis Treatment Market

The rising transmission of strep throat stands as a significant catalyst propelling the pharyngitis treatment market. Strep throat, a contagious bacterial infection affecting the throat and tonsils, requires prompt and effective treatment with antibiotics to alleviate symptoms, prevent complications, and reduce the risk of spreading the infection. Alarming statistics from the Centers for Disease Control and Prevention indicate the prevalence of 14,000 to 25,000 cases of invasive group A strep disease annually in the United States. The escalating transmission of strep throat, leading to millions of outpatient visits and antibiotic prescriptions, is a driving force behind the growth of the pharyngitis treatment market.

Industry Pioneers: Shaping the Market Landscape
Major players spearheading advancements in the pharyngitis treatment market include Pfizer Inc., GlaxoSmithKline PLC, Genentech Inc., and Viatris Inc., among others. These industry leaders play a pivotal role in shaping the market’s trajectory through their commitment to innovation and strategic initiatives.

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Consumer-Centric Solutions: Evolution Of Sore Throat Relief

Evolution Of Sore Throat Relief With Consumer-Focused Treatment Solutions

Companies in the pharyngitis treatment market are introducing innovative consumer-focused products to meet the evolving needs of individuals. An exemplary case is RB Health (US) LLC’s launch of Mucinex InstaSoothe in November 2021. This product line includes lozenges and sprays designed to numb, soothe, and relieve sore throat pain. Clinically proven sore throat and soothing comfort lozenges, along with Mucinex Instasoothe sore throat and pain relief spray, offer quick relief for up to 2 hours. These products, formulated with natural honey and other active ingredients, exemplify the industry’s commitment to providing effective and consumer-friendly solutions for pharyngitis relief.

Strategic Expansion: Verfora’s Acquisition Moves

Verfora’s Strategic Acquisition Of Spagyros Expands Its Footprint In Swiss Consumer Healthcare Market

In July 2021, Verfora, a Switzerland-based pharmaceutical company, made strategic strides by acquiring Spagyros Ltd., a manufacturer of phytotherapy and complementary medicines. This acquisition aims to fortify Verfora’s position in the Swiss consumer healthcare market by adding a range of products requiring intensive consultation. Such strategic moves underscore the importance of diversification and broadening product portfolios to meet diverse consumer needs.

Comprehensive Segmentation: Unveiling Market Dynamics

The pharyngitis treatment market is comprehensively segmented to provide nuanced insights into its dynamics:

1. By Drug Class:
   • Beta Lactams
   • Macrolides
   • Cephalosporins
   • Fluoroquinolones
   • Tetracycline
   • Other Drug Classes
2. By Source of Infection:
   • Viral
   • Bacterial
3. By Modes Of Delivery:
   • Oral
   • Intravenous
   • Intramuscular
   • Other Modes Of Delivery
4. By End-Users:
   • Hospitals
   • Homecare
   • Specialty Centers
   • Other End-Users

Regional Dynamics: North America Leads, Asia-Pacific Emerges

In 2023, North America held the mantle as the largest region in the pharyngitis treatment market. As the market unfolds, Asia-Pacific is anticipated to emerge as the fastest-growing region in the forecast period, signaling a shift in global market dynamics.

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The Pharyngitis Treatment Global Market Report 2023  offers a comprehensive overview on the pharyngitis treatment market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the pharyngitis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The Table Of Content For The Pharyngitis Treatment Market Include:
1. Pharyngitis Treatment Market Executive Summary
2. Pharyngitis Treatment Market Segments
3. Pharyngitis Treatment Market Size And Pharyngitis Treatment Market Growth Rate
4. Key Pharyngitis Treatment Market Trends
5. Major Pharyngitis Treatment Market Drivers
……
25. Key Mergers And Acquisitions In The Pharyngitis Treatment Market
26. Top Pharyngitis Treatment Companies
27. Pharyngitis Treatment Market Opportunities And Strategies
28. Pharyngitis Treatment Market, Conclusions And Recommendations
29. Appendix

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