Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Encephalitis Drugs Market size is projected to grow at around 14.7% CAGR during the forecast period i.e., between 2025-2037.
The growth of the market can be attributed to the increasing prevalence of primary as well as secondary encephalitis, which is caused by viral infection. Encephalitis can be deadly as it causes swelling of the brain, speech and hearing impairments, and paralysis. It is more common in children and older population, or patients undergoing immunotherapy. Rising geriatric population, and increasing prevalence of auto-immune diseases are estimated to boost the market growth. 9.318% of the global population ages above 65 years, as of 2020, according to the statistics by the World Bank. As per the British Society of Immunology, rheumatic diseases such as rheumatoid arthritis are increasing at 7% as of 2019, while endocrinological conditions are increasing by 6.3%. The increasing investment in the R&D activities in the medical field, along with rising health awareness amongst the people is estimated to boost the market growth. Moreover, the developing public healthcare infrastructure and high government expenditure for the development of new drugs is anticipated to significantly fuel the growth of the market.
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Encephalitis Drugs Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Incidences of Encephalitis
- Increasing Medical R&D Activities
Challenges
- Circulation of Generic Drugs in the Market
- Low Positive Diagnosis Rate
Encephalitis Drugs Market: Key Insights
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
14.7% |
Base Year Market Size (2024) |
#N/A |
Forecast Year Market Size (2037) |
#N/A |
Regional Scope |
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Encephalitis Drugs Segmentation
The global encephalitis drugs market is bifurcated by distribution channel into offline and online segments. The offline segment is further segmented into hospital pharmacies, drug stores and others, out of which, the hospital pharmacies segment is anticipated to garner the highest market revenue over the forecast period, owing to the easy accessibility of drugs to the patients admitted in hospitals. The growing patient pool of encephalitis is estimated to boost the growth of the segment.
Our in-depth analysis of the global market includes the following segments
By Drug Class |
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By Distribution Channel |
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Customize this ReportEncephalitis Drugs Industry - Regional Synopsis
APAC Market Statistics
On the basis of geographical analysis, the global encephalitis drugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is set to hold largest revenue share by 2037, on the back of emergent healthcare infrastructure and improved medical facilities available in developing nations of the region. Moreover, high geriatric population, along with the growing disposable income are estimated to boost the market growth.
North America Market Analysis
The market in the North America region is anticipated to gain the largest market share throughout the forecast period on account of high healthcare expenditure, presence of major pharmaceutical companies, and increasing research activities for the development of new drugs. According to the statistics by the World Bank, in 2018, North America spent USD 10,050.516 for the healthcare of every individual. The total healthcare expenditure accounted for 16.415% of the total GDP of North America.
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Companies Dominating the Encephalitis Drugs Landscape
- Pfizer Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sanofi-aventis Groupe
- Abbott Laboratories
- Merck & Co., Inc.
- Boehringer Ingelheim International GmbH
- Novartis AG
- Daiichi Sankyo Company, Limited
- Siemens Healthcare GmbH
- Baxter International, Inc.
- Janssen Pharmaceuticals, Inc.
In the News
Author Credits: Radhika Pawar
- Report ID: 3436
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT