Infectious Disease Therapeutics Market Market Trends

Growth Drivers

• Increasing prevalence of infectious disease: The rising prevalence of infectious diseases has become a significant growth driver for the infectious disease therapeutics market. Antibiotic-resistant bacteria, viral diseases such as HIV, hepatitis, and influenza, and fungal infections such as candidemia, and aspergillosis are found commonly in the aging population and immunocompromised population, making them prone to the infections. Moreover, climatic change, urbanization, and tourism also facilitate the spread of infectious diseases, demanding advanced and effective therapeutics. 
• Government-led efforts: The initiatives proposed by governments play a vital role in combating the prevailing infectious diseases and give rise to the development of advanced therapeutic mechanisms resulting in improved public health. Governments across the globe have launched multi-purpose programs that facilitate support for research and development programs, supply chain networks for vaccines and treatments, and required funding and resources for innovations.
  
  For instance, the U.S., government’s National Action Plan for combating anti-biotic resistant bacteria prioritizes preventing the infection spread by reducing the need for antibiotics use. The government of India also implemented a National Health Mission initiative aimed at strengthening the country’s healthcare system by ensuring quality healthcare facilities in urban and rural areas.
• Advancement in technology: The rising technological advancements in genomics, proteomics, and artificial intelligence have provided access to new avenues for effective diagnostics, treatments, and vaccinations. For instance, next-generation sequencing technologies have assisted in the prompt detection of pathogens, CRISPR has facilitated in development of vaccines, and nanotechnology has improved delivery and efficiency of the treatments. These breakthroughs have not only improved treatment efficacy but also accelerated the developments in therapeutics.

Challenges

• High treatment cost: The high cost of treatment poses a multifaceted challenge in the growth of infectious disease therapeutics resulting in deteriorated health, a decline in economy, and failure of a proper healthcare system. Extensive research and developmental activities, the need for advanced technologies, and stringent quality control measures fuel up the total cost. Additionally, managing healthcare-associated infections (HAI) clubbed with patient management expenses increases the burden on the economy, especially for countries with low income can be challenging.
• Lack of skilled healthcare professionals: One of the major drawbacks within the industry is dearth of proficient healthcare personnel. The process of manufacturing drugs and vaccines requires a high level of specialization which limits the pace of development due to the shortage of such professionals. Other concerns such as under-compensation to the physicians and para-medical personnel, the global health workforce crisis, and the lack of proper training and education can hamper infectious disease therapeutics market growth.