According to TMR, the global sexually transmitted diseases drug
market is forecast to exhibit a CAGR of 11.2% between 2017 and 2025.
At this pace, the market is expected to reach US$83,041.3 mn by the
end of 2025, from its valuation of US$32,826.3 mn in 2016. Among
various therapy classes, antibiotics have emerged as one of the most
frequently prescribed products in modern medicine. Regionally, North
America emerged dominant, holding the largest share in the global
sexually transmitted diseases drug market in 2016.
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The global sexually transmitted diseases drug market is slated for an
impressive growth in the coming years. The rising incidence of
unprotected sex has upped the prevalence of sexually transmitted
diseases, in turn fuelling the demand for effective drugs and
treatment procedures. Besides this, the rising awareness among
patients as a result of favorable government initiatives and
proliferation of educational campaigns have helped the market gain
immense impetus in the recent past. Also, lifestyle choices such as
having several casual sex partners have spurred the prevalence of
STDs worldwide, subsequently, fuelling the demand for sexually
transmitted diseases drugs.
Over the course of the forecast period, the global STD drug market is
likely to witness impressive growth. Factors such as recent
technological advancements leading to precise diagnosis have also
spurred the need for effective sexually transmitted diseases drugs.
Such demand is directed at achieving speedy disease remission. Also
introduction of government reforms and improvement in healthcare
infrastructure provide an ideal environment, conducive to the
market’s expansion. According to the report, the market is expected
to witness much lucrative prospects in Asia Pacific and the Middle
East and Africa. Also the rising per capita income of patients and
their willingness to spend on advanced medications will augur well
for the global sexually transmitted diseases drug market. “The
market will significantly benefit from the launch of novel
diagnostics and steps taken by governments to boost the healthcare
infrastructure,” added a lead TMR analyst.
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Overall, the rising incidence of various infections such as syphilis,
chlamydia, gonorrhea, human papilloma virus, herpes simplex virus,
chancroid, vaginitis, and trichomonas vaginalis is expected to fuel
he demand for sexually transmitted diseases drugs in the coming
years.
The rising prevalence of sexually transmitted diseases has upped the
demand for effective drugs. To capitalize on the prevailing trend, a
majority of the market players are focusing on research and
development activities. Favorable government policies and recent
initiatives have further provided boost to their plans of expanding
product portfolio, finds Transparency Market Research (TMR) in a new
study. According to the report, companies such as Bayer Healthcare,
Hoffmann La Roche, Pfizer INC, Bristol-Myers Squibb Co., Gilead
Sciences, AbbVie, Inc., Johnson & Johnson, GlaxoSmithKline Plc,
Eli Lilly, and Merck & Co., Inc. currently exhibit a strong
market presence. Strategies adopted by these companies often prove
prolific subsequently influencing the overall market forces.
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