Global Pneumonia Treatment Market to Grow at a CAGR of 7.8% During 2024-2032, Aided by the Rising Prevalence of Pneumococcal Diseases Worldwide

The global pneumonia treatment industry is being driven by the heightened prevalence of pneumonia infections among young children worldwide. In addition, the rapidly ageing population, which is more susceptible to such infectious diseases, is leading to increased morbidity and mortality rates. As a result, vaccinations such as pneumococcal vaccines are increasingly being administered in the treatment and prevention of illnesses for patients with severe pneumonia cases. Moreover, governments are increasingly collaborating with international organisations to raise awareness about pneumonia among the masses, while ensuring the supply of required medicines in the affected areas. Furthermore, the world is witnessing a significant increase in pneumonia cases caused by COVID-19 with heightened mortality rates.

The rising emphasis of the leading players in the development of vaccines and antibiotics by utilising advanced clinical solutions is expected to positively impact the industry growth in the forecast period. In June 2021,  Pfizer Inc (NYSE: PFE) announced the reception of US FDA approval for their PREVNAR 20™ vaccine, which aims to prevent invasive diseases and pneumonia in adults of 18 years and above. In addition, another leading pharmaceutical manufacturer, GlaxoSmithKline (NYSE: GSK), in February 2021, announced their plans to conduct experimental tests of rheumatoid arthritis drug on patients suffering from pneumonia caused by COVID-19 with a special focus on the elderly, as an earlier study that tested the impact of otilimab medicine on elderly COVID patients showed a positive result. These developments are expected to positively impact the growth of the pneumonia treatment industry in the forecast period.

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Market Breakup by Product and Region:

• The market is divided based on product into drugs, vaccines, and oxygen therapy. Among these, drugs can be further divided by type into branded and generic. Out of these, the branded subtype can be further categorised, on the basis of medicine, into quinolones, aminopenicillins, macrolides, B-lactamase inhibitors, cephalosporins, tetracyclines, glycopeptide antibiotics, and carbapenems, among others. Meanwhile, the generic subtype can be further segregated, based on medicine, into quinolones, and macrolides, among others.

• Region-wise, the global market for pneumonia can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for pneumonia is being driven by the increasing incidences of pneumonia worldwide. 

• The rampant spread of the COVID-19 infection and a rise in the incidences of pneumonia caused by COVID are expected to significantly contribute to the market expansion.

• The ageing population globally is also aiding the industry growth.

• The rising technological advancements to develop improved treatments for pneumonia are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for pneumonia treatment for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the products and major regions of pneumonia treatment.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global pneumonia treatment market are Pfizer Inc., Bayer AG, Abbott Laboratories, Novartis AG, GlaxoSmithKline Plc, and Lupin Pharmaceuticals Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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