Typhus Fever Treatment Market Trends

Growth Drivers

• Increasing Number of People Living in Crowded Areas - Housing overcrowding or people living in overcrowded conditions, is major factor estimated to boost the typhus fever treatment market growth. As per the data by Organization for Economic Co-operation and Development (OECD), a household is considered as overcrowded if less than one room is available in each household for every couple, individual above 18 years, and a pair of children below 18 years. Mexico is one of the most overcrowded countries in the world, with 33.191% of the population living in overcrowded households.
• Growing Research and Development - It is possible that a number of new opportunities will be created in order to boost this typhus fever treatment market growth during the forecast period, due to an increase in R&D initiatives and favorable government support. Due to advances in treatment, pharmaceutical companies are making investments in research and development efforts on novel drugs and therapeutic approaches.
• Presence of Well-Developed Healthcare Infrastructure - Owing to increasing urbanization and development in the healthcare domain the healthcare infrastructure all across the globe is advancing leading to the rise in the typhus fever treatment market in the projected period.

Challenges

• Increasing Emergence of Antibiotic-Resistant Strains - The medical community is increasingly worried about the emergence of antimicrobial-resistant strains of Salmonella typhi. The need to develop new and innovative treatment options for the fight against drug-resistant strains is therefore created. This is predicted to pose a restriction on the market expansion of typhus fever treatment in the upcoming time period.
• Lack of Accessibility to Treatment is Predicted to Hamper the Market Growth in the Upcoming Period.
• Unavailability of Vaccines on Large Scale for this Treatment are Set to Restrict the Market Growth in the Upcoming Future.