Market Trends of Infectious Enteritis Treatment Industry
This section covers the major market trends shaping the Infectious Enteritis Treatment Market according to our research experts:
Antibiotics shows Lucrative Opportunity in the Infectious Enteritis Treatment Market
Antibiotics are medicines that fight bacterial infections. These are effective against a wide variety of enteric infections in adults, including shigellosis, salmonellosis, typhoid fever, cholera, and many more. Factors such as the rising population with these infections due to infectious enteritis are expected to drive the market's growth. For instance, according to an article published by the National Library of Medicine, in April 2021, acute gastroenteritis (AGE) is one of the most common bacterial infectious diseases clinicians face in daily practice. Globally, bacterial enteric pathogens cause billions of infections yearly with tremendous morbidity. In the United States alone it is estimated that there are nearly 200 million cases of AGE annually. Thus with an increase in bacterial enteritis, the demand for antibiotics increases, thereby driving the growth of the market.
The companies actively participate in new product launch developments and collaborations to expand their footprint. For instance, in June 2022, Shionogi & Co., Ltd. and the Global Antibiotic Research and Development Partnership (GARDP) signed the execution of a license and technology transfer agreement and, with the Clinton Health Access Initiative (CHAI), a collaboration agreement that aims to significantly transform the landscape of access to antibiotics for countries around the world. Such development is expected to drive the growth of the market.
Thus, the factors mentioned above are likely to contribute to the segment's growth over the forecast period.
North America Show a Significant Market Growth in the Infectious Enteritis Treatment Market
North America is expected to dominate the infectious enteritis treatment market, and it is mainly driven due to the increasing prevalence of pathogens causing infectious enteritis and growing investment in healthcare. For instance, according to the CDC updated in December 2022, it is estimated Salmonella bacteria causes about 1.35 million infections and 26,500 hospitalizations in the United States every year. Therefore, the growing incidence rate of salmonella bacteria among people is expected to increase the demand for effective treatment, fueling the target market growth in the studied period.
Furthermore, the United States holds the largest market share in the North American region owing to factors such as the presence of a large number of market players manufacturing medications for infectious enteritis. In addition to this, several market players are engaged in product launches, thereby contributing to the region's growth. For instance, in March 2021, Knight Therapeutics Inc. commercially launched IBSRELA (tenapanor), a first-in-class therapy for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults. Such development is expected to drive the regional growth over the forecast period.
As a result, all the aforementioned factors are likely to contribute to this region's strong growth over the forecast period.
