Pneumonia Therapeutics Market to Aggregate USD 25.67 Billion by 2026
According to the report, The global pneumonia therapeutics market in 2019 was approximately USD 14.99 Billion. The market is expected to grow at a CAGR of 8.00% and is anticipated to reach around USD 25.67 Billion by 2026.
Pneumonia is a severe inflammation of the lungs. It can be fatal in some people, particularly the elderly and those with respiratory disorders. COVID-19, a disease caused by a novel coronavirus, can spread to the lungs, causing pneumonia. The disease associated with the new coronavirus was originally referred to as novel coronavirus-infected pneumonia (NCIP). It was renamed COVID-19 by the World Health Organization, short for coronavirus disease in 2019. The ongoing COVID-19 pandemic has a positive impact on the demand patterns in the pneumonia therapeutics industry.
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The pneumonia therapeutics market research report delivers an acute valuation and taxonomy of the pneumonia therapeutics industry by practically splitting the market on the basis of different components, applications, end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the pneumonia therapeutics industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the pneumonia therapeutics industry is provided for the leading economies of the world.
The global pneumonia therapeutics market is segmented on the basis of product type and region. On the basis of product type the global pneumonia therapeutics market is divided into drugs, vaccines, and oxygen therapy. The drugs category is further divided as branded and generics. The branded drug category includes Aminopenicillins, Quinolones, Macrolides, B-lactamase inhibitors, Cephalosporins, Tetracyclines, Glycopeptide antibiotics, Carbapenems, and Others. The generic drug category includes Quinolones, Macrolides, and Others.
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Some of the essential players operating in the pneumonia therapeutics market, but not restricted to include Bayer AG, Lupin Pharmaceuticals, Inc., Abbott, Allergan, Pfizer, Inc., GlaxoSmithKline plc., Novartis AG, and Merck & Co., Inc. Key companies in the global pneumonia therapeutics market is trying to focus on the geographic expansions, advanced product launches along with strategic partnerships including mergers and acquisitions.
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