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How has the strep throat treatment market grown in recent years?

The market for strep throat treatments has experienced significant growth in the past few years. This market, which stood at $2.08 billion in 2024, is predicted to reach $2.21 billion by 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. Factors contributing to the historic period growth include the increased incidence of streptococcal infections, heightened awareness and diagnosis, the availability of antibiotics, the development of healthcare infrastructure, government initiatives in health, a growing pediatric demographic, and general economic growth.

How is the strep throat treatment market size expected to evolve during the forecast period?

The strep throat treatment market size is expected to see strong growth in the next few years. It will grow to $2.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to emerging antibiotic resistance, telemedicine adoption, global health initiatives, an aging population, healthcare access in developing regions, and pharmaceutical R&D investments. Major trends in the forecast period 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 key drivers are propelling the strep throat treatment market’s growth?

The escalating prevalence of bacterial ailments is anticipated to drive the strep throat treatment market’s expansion. These are diseases brought on by harmful bacteria that infiltrate the body, reproduce, and generate toxins. The surge in such infections is the result of overuse of antibiotics, global travel, urbanization, inadequate hygiene, and infections associated with healthcare. Strep throat treatments counteract bacterial infections by providing effective drugs and care, thus easing symptoms, shortening the sickness duration, and preventing complications, all while assisting healthcare professionals in managing patient results and arresting the spread of infections. As an example, in June 2023, the Office for Health Improvement and Disparities, a UK government organization, reported a total of 4,622 notifications of scarlet fever Group A Streptococcus bacteria from week 37 to week 46 during the 2022-2023 season in England. They received 851 notifications in week 46 alone. This is significantly higher than the average of 1,294 notifications (ranging from 258 to 2,008) received during the same period (weeks 37 to 46) over the preceding five years. Therefore, an escalating prevalence of bacterial infections is propelling the strep throat treatment market.

What are the market segments in the strep throat treatment industry?

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 are the top market players propelling the growth of the strep throat treatment industry?

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

What key trends are currently impacting the strep throat treatment market’s development?

Leading corporations in the strep throat treatment market are introducing innovative treatment methods like rapid throat infection diagnostics. This technology offers swift, precise, and multiplex diagnostic testing for respiratory and sore throat infections right at the point of care, enhancing patient care and minimizing antibiotic misuse. Rapid throat infection diagnostics employs tests such as the rapid strep test, which promptly identifies group A streptococcus bacteria in the throat, thereby facilitating the immediate diagnosis and treatment of strep throat. For example, in June 2024, the France-based in vitro diagnostics firm bioMérieux, unveiled its BIOFIRE SPOTFIRE Respiratory/Sore Throat (R/ST) Panel Mini, a swift diagnostic test capable of identifying five prevalent viral and bacterial sources of respiratory and sore throat infections, conceived to give instant, actionable results at the point of care.

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What regions are contributing significantly to the growth of the strep throat treatment market?

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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