Methicillin-resistant Staphylococcus aureus (MRSA) is a bacteria that can cause infections in various parts of the body. This infection is contracted mostly through healthcare facilities. Lately, the number of sufferers has gone up. This in turn has given rise to global MRSA drugs market.
The symptoms of the infections are varied and rely on which area is infected with the same. MRSA can cause minor infections on the body, but it may also cause serious ailments. It can infect the blood vessel, urinary-tract, abscesses, breast, bone & even implanted organs. Majority of the people with MRSA are not actually infected. But when the bacteria enters the body through a cut, it may cause problems.
The infections caused by MRSA are normally treated through antibiotics. These infections tend to be highly contagious and persistent. They are resistant to traditional antibiotics such as methicillin. This fact has turned out to garner positive results for the global MRSA drug market.
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Worldwide MRSA drugs market is estimated to earn above USD 4.311.2 million by 2022. The market is anticipated to develop at the steady rate of 4.2% CAGR during the forecast period (2018-2022)
The upsurge in the instances of infections & contagious diseases are major growth drivers. The high rate of disease occurrences has awakened the government from its slumber. Even non-governmental organizations are taking up initiatives to develop antibiotics. They provide the required funds for research in institutes & companies, which fuels the growth of MRSA drugs market.
Another essential growth factor is increasing number elderly population. Aging people are vulnerable and can easily get infected. Furthermore, early detection and growing awareness amongst people makes for some secondary growth drivers.
The MRSA drugs market can face certain hindrances. Some of them include, growing bacterial resistance, presence of spurious & counterfeited drugs, costliness of patented drugs, lesser expenditure on healthcare sector in under-developed countries. But with time, these issues can be effectively overcome.
The MRSA market is divided into drug classes, MRSA types, disease symptoms & end users.
On the basis of drug classes, the market is segmented into sulfa drugs, tetracyclines, oxazolidinones, glycopeptide antibiotics & others. Tetracyclines prevent the synthesis of bacterial protein by trapping the bacterial 30S ribosomes. Oxazolidinones occupied the largest market share in 2016 & continue to do so.
Types wise the market has been fragmented into hospital acquired (HA-MRSA) and community acquired (CA-MRSA). HA-MRSA segment commanded most of the shares in 2016. This segment is predicted to earn above 2,707.5 million at a CAGR of around 3.8% during the forecast period 2018-2022.
Skin infections, bone & joint infections, bacteremia & animal infections form the disease symptoms segment. Amongst them skin infections had the largest market shares in 2016. This segment is expected to be valued at USD 1,601.4 million by 2022 at a CAGR of around 4.4% during the forecast period of 2018-2022.
In terms of end users, the market is divided into hospitals & clinics, academic & research.
On the basis of region the market is distributed into North America, Europe, Asia Pacific, Latin America, Middle East Africa & Rest Of The World. Geographically, North America held the largest market share back in 2016. Predictions are ripe that this market will reach USD 1,602.5 million by 2023 at a CAGR of around 4.5% during the forecast period of 2018 – 2022.
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There is a lot of development that’s taking place in the global MRSA drugs market. In 2017, Novartis a multinational pharmaceutical company based in Switzerland launched 3 products. And the surprising fact was all of these products received FDA approval. Such upcoming innovations will play a pivotal in the development of the market.
Key Players & Growth Strategies
The major players in this field are namely Merck KGaA, Olon, Allergan, Baxter, Novartis & others. To keep ahead of competition majority of the players are engaging into R&D activities. They are focusing on both manufacture as well as market their products with optimal efficiency.
The global MRSA drugs market is restrained by different factors such as growing bacterial resistance, presence of spurious and counterfeited drugs, high cost of the patented drugs, low healthcare expenditure in the developing and poor nations, and others. However, the high cost of novel drugs for MRSA treatment is the most critical factor in the MRSA drugs market, especially, for the developing and poorer regions in the world. For example, in India, Tigecycline costs an approximately Rs. 2,990 for a single 50 mg dose, which is out of reach of most of population.
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