The Global MRSA Drugs Market 2020 is poised to register a CAGR of 4.4% to reach USD 4.3 billion by 2023. MRSA drugs have experienced considerable growth in recent years, driven by the increasing recognition of MRSA diseases. The increasing immune-compromised population is projected to drive demand growth over the timeframe under study. In addition, the growing geriatric population is poised to help demand growth as older people become more vulnerable to MRSA infections. It is also anticipated that the rise in the incidence of MRSA infections and the number of hospitals, increased understanding of a bacterial infection and a rise in the immunocompromised population would fuel demand growth.
Consequently, establishing the nature and treatment of bacterial infection among the population has led to increased use of the drug market for MRSA, thereby also creating a favorable market scenario for growth over the coming years. However, the high cost of novel MRSA medications and the initiative to eliminate hospital readmissions is expected to curtail market growth.
Rising prices of innovative drug treatment and low healthcare investment in emerging countries were expected to hinder consumer development over the study period. In addition, the expiry of patents is often projected to decrease the market share owing to generic competition.
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Competitive Analysis
The eminent players in the global MRSA drugs market are Allergan (Dublin, Ireland), Baxter (US), Theravance Biopharma (Theravance Biopharma), Pfizer (US), Olon (Italy), Merck KGaA (UK), Mylan NV (US), and Novartis (Switzerland).
Segmentation
The global MRSA drugs market has been analyzed on the basis of disease indications, drug class, MRSA types, and end user.
- The global MRSA Drugs Market, by Drug Class, has been segmented into folate antagonists, tetracyclines, oxazolidinones, lipopeptide, glycopeptide antibiotics, sulfa drugs, and others.
- Based on the Disease Indication, the market is divided into bone and joint infections, and bacteremia, skin infections, and animal infections.
- Based on MRSA Types, the MRSA drugs market has been bifurcated as hospital-acquired (HA-MRSA) and community-acquired (CA-MRSA).
- Based on End user, the MRSA Drugs market has been segmented as hospitals and clinics, research and academic institutes, and others.
Regional Analysis
The global MRSA drugs market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is predicted to have the highest share of the overall drug market for MRSA. This is due to the presence in the US and Canada of major players in the industry, well-developed healthcare infrastructure. In 2016, Canada kept 25 per cent of the MRSA medicines market in North America. Europe is second in the global market for MRSA drugs due to growing research and development in the healthcare sector, the availability of research funds, rising cases of bacterial infection and the growing introduction of new medicines for the treatment of MRSA.
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Asia-Pacific is expected to be the fastest expanding region on the global economy, owing to the rapidly evolving medical sector, the emergence of a large patient pool, and expanded government spending on healthcare. Rising health insurance coverage in the Asia Pacific region is projected to boost the area's potential demand for MRSA medicines. In 2016, China had a 25.1 percent share of the Asia-Pacific MRSA drug industry.
The Middle East & Africa has the least market share on the MRSA medicines industry worldwide. It is projected that Gulf nations like Saudi Arabia and the USA will push the Middle East & African market. Other countries to look out for in the Middle East are Kuwait, Jordan, Egypt and Iran. It is predicted that the African region will experience modest growth due to weak economic and political conditions and inadequate quality of health care.
