Market Trends of Global Sepsis Therapeutics Industry
This section covers the major market trends shaping the Sepsis Therapeutics Market according to our research experts:
Cephalosporins Are Expected To Witness Growth Over The Forecast Period
Cephalosporins are divided into the first, second, third, and fourth generations. First-generation cephalosporins have more significant activity against gram-positive bacteria. The succeeding generations have increased activity against gram-negative bacteria.
The dominant share of the segment is attributed to the extensive usage of the drug class, individually or in combination with the other drugs. For instance, the research article titled "Novel Cephalosporins in Septic Subjects and Severe Infections: Present Findings and Future Perspective" published in Frontiers in Medicine Journal in May 2021, stated that ceftobiprole medocaril is currently approved in Europe as an extended-spectrum cephalosporin for adult community-acquired and nosocomial, non-ventilator-associated pneumonia and skin and soft tissue infection (SSTIs), including diabetic foot infections. The segment is expected to grow due to the advantages of cephalosporins during the forecast period.
Additionally, according to an article titled "Sepsis Management in Southeast Asia: A Review and Clinical Experience" published in the Journal of Clinical Medicine in June 2022, a recent study conducted in Southeast Asian region reported that 48% of adults and 56% of children were affected with sepsis and severe sepsis. According to the study, sepsis affected 65% of ICU patients in India, and there was a 25% fatality rate, making it the Southeast Asian nation with the second-highest sepsis mortality rate. The high burden of sepsis worldwide and its fatal effects is projected to augment the use of cephalosporins to treat it which is ultimately projected to boost the segment growth.
The increasing product approvals, launches, and acquisitions by the key market players are expected to boost the segment's growth during the forecast period. For instance, in October 2021, Sandoz, a Novartis division, acquired GSK's cephalosporin antibiotics business. It now has the rights to three well-known brands (Zinnat, Zinacef, and Fortum) in more than 100 markets. Such company developments are projected to boost the segment growth.
North America is Expected to Dominate the Sepsis Therapeutics Market Over The Forecast Period
North America is expected to dominate the market owing to factors such as the high prevalence of sepsis, chronic illness, the strong presence of industry players in the region, better healthcare infrastructure, awareness among people and healthcare industry stakeholders about available technologies, and the high concentration of market players in the region.
The Providence Health Care September 2022 article stated that sepsis is most prominent in infants and children and affects 40,000 to 50,000 individuals each year in Canada and it is the 12th leading cause of death in Canada. The article also stated that according to the Canadian Sepsis Foundation USD 325 million is spent annually on treating sepsis in Canada. The large patient pool and high disease spending propel the region's market growth.
Additionally, according to the Centers for Disease Control and Prevention (CDC), 2022 update, at least 1.7 million adults in the United States suffer from sepsis. It also stated that 1 out of 3 people's deaths in a hospital is because of sepsis during that hospitalization. Sepsis cases in the United States have increased steadily and leading to the growth of the studied market in the region.
Therefore, owing to the above-mentioned factors, the growth of the studied market is anticipated in the North America Region.
