Nontuberculous Mycobacteria Market Research Report: Information By Class of Drugs (Oral Antibiotics, IV Antibiotics, Anti-Nausea, and Nebulized Antibiotics), By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.
Market Highlights:
The Nontuberculous Mycobacteria Market Size reached USD 8.9 Billion in 2022 and is expected to grow from USD 9.12 Billion in 2023 to USD 11.114 Billion by 2032, with a compound annual growth rate (CAGR) of 2.50% during the forecast period (2023 – 2032).
The market’s growth is attributed to the increasing cases of nontuberculous mycobacterial lung illness, especially among the older population worldwide. The expanding elderly population, reaching 723,484,054 people aged over 64 in 2020, contributes to market growth. Additionally, the prevalence of lung-related conditions and efforts to enhance healthcare facilities and public health awareness are driving market expansion.
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Segment Analysis:
The global Nontuberculous Mycobacteria market is categorized by class of drugs. The oral antibiotics segment, effective in treating mycobacterial infections, especially with drugs like azithromycin, held the largest market share in 2022. Other segments contributing to market growth include IV antibiotics, anti-nausea, and nebulized antibiotics.
Regional Analysis:
- North America: Maintained the largest market share due to the prevalence of nontuberculous mycobacterium infections, presence of major pharmaceutical companies, and increased research activities.
- Europe: Consistent growth with opportunities driven by quick-fix treatments and high-impact medications.
- Asia-Pacific: Anticipated to experience the fastest growth, attributed to increasing NTM infections, advanced diagnostic capabilities, and a thriving pharmaceutical industry.
- Rest of the World: Significant expansion due to rising rates of chronic diseases globally and an increase in illnesses compromising immunity.
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Key Players:
MRFR identifies key players in the global Nontuberculous Mycobacteria market, including Insmed, Paratek Pharmaceuticals Inc, RedHill Biopharma Ltd, Janssen, Novartis AG, RevImmune, and Nobelpharma Co Ltd.
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