Number of pages: 100 | Report Format: PDF | Published date: February 27, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market Size Value in 2021 |
US$ 1.50 billion |
Revenue Forecast in 2030 |
US$ 2.67 billion |
CAGR |
6.6% |
Base Year for Estimation |
2021 |
Forecast Period |
2022-2030 |
Historical Year |
2020 |
Segments Covered |
Treatment Type, Route of administration, Distribution Channel, and Region |
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global community-acquired bacterial pneumonia treatment market was valued at US$ 1.50 billion in 2021 and is expected to register a revenue CAGR of 6.6% to reach US$ 2.67 billion by 2030.
Community-acquired Bacterial Pneumonia Treatment Market Fundamentals
Community-acquired bacterial pneumonia is a type of pneumonia that develops outside of hospitals or healthcare settings. It is a common condition that occurs when bacteria infect the lungs, causing inflammation and the accumulation of fluid in the air sacs of the lungs. The most common bacteria that cause community-acquired bacterial pneumonia include Streptococcus pneumoniae, Haemophilus influenzae, and Mycoplasma pneumonia. Symptoms of community-acquired bacterial pneumonia typically include coughing, fever, chest pain, shortness of breath, fatigue, and chills. The severity of symptoms can vary depending on the individual and the type of bacteria causing the infection.
The diagnosis of community-acquired bacterial pneumonia involves a physical examination, medical history review, and tests, such as a chest X-ray, blood tests, and sputum culture. The treatment usually involves a course of antibiotics to target the specific bacteria causing the infection. In severe cases, hospitalization may be necessary for intravenous antibiotics and supportive care. Prevention of community-acquired bacterial pneumonia includes practicing good hygiene, such as washing hands frequently, avoiding close contact with sick individuals, and getting vaccinated against the flu and pneumonia.
Community-acquired bacterial pneumonia is usually treated with antibiotics to target the specific bacteria causing the infection. The choice of antibiotics depends on several factors, including the severity of the infection, the patient’s age and health status, and the prevalence of antibiotic resistance in the community.
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Community-acquired Bacterial Pneumonia Treatment Market Dynamics
The global prevalence of community-acquired bacterial pneumonia is on the rise due to various factors, such as the aging population, smoking, and environmental pollution. For instance, according to November 2022 article by the Centers For Diseases Control And Prevention (CDC), there are about 40 million smokers in the United States; and a half million Americans die prematurely due to smoking or exposure to secondhand smoke. The rise of antibiotic-resistant bacteria has resulted in an urgent need for the development of new antibiotics that are effective against these pathogens. Thus, there has been a surge in research and development activities in the field of antibacterial drugs. These factors are expected to drive the revenue growth of the global community-acquired bacterial pneumonia treatment market. Additionally, the surge in the number of drug approvals, product launches, and pipeline drugs is also resulting in the rapid development of the global community-acquired bacterial pneumonia treatment market. The growing awareness about the severity of community-acquired bacterial pneumonia and its complications is expected to increase the demand for its treatment.
The increasing awareness among healthcare professionals about the proper diagnosis and treatment of community-acquired bacterial pneumonia is expected to boost the revenue growth of the global market. Moreover, various governments across the world are investing in research and development activities for the development of new antibiotics and are also taking initiatives to promote the proper diagnosis and treatment of community-acquired bacterial pneumonia. These initiatives and funding are projected to drive the revenue growth of the global community-acquired bacterial pneumonia treatment market.
However, the high cost associated with research and development, the shortage of skilled professionals, and the lack of advanced healthcare infrastructure in developing economies are key restraints for the overall market revenue growth.
Community-acquired Bacterial Pneumonia Treatment Market Ecosystem
The global community-acquired bacterial pneumonia treatment market is analyzed from four perspectives: treatment type, route of administration, distribution channel, and region.
Community-acquired Bacterial Pneumonia Treatment Market by Treatment Type
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Based on the treatment type, the global community-acquired bacterial pneumonia treatment market is segmented into antibiotics, antivirals, and others.
The antibiotics segment dominated the market with the principal revenue share in 2021, as antibiotics are used as first-line agents in treating community-acquired bacterial pneumonia. The increasing prevalence of drug-resistant strains of bacteria has led to the development of new antibiotics and combination therapies. Additionally, there are several classes of antibiotics available for the treatment of community-acquired bacterial pneumonia, including macrolides, fluoroquinolones, penicillin, and cephalosporins. The availability of a wide range of antibiotics has increased the options available to healthcare providers for the treatment of community-acquired bacterial pneumonia. Moreover, the significant progress in the development of new antibiotics, including novel mechanisms of action and improved pharmacokinetic properties, has improved the efficacy and safety of antibiotics and driven the revenue growth of the antibiotics segment.
Community-acquired Bacterial Pneumonia Treatment Market by Route of Administration
Based on the route of administration, the global community-acquired bacterial pneumonia treatment market is segmented into oral and intravenous.
The oral segment dominated the market with the largest revenue share in 2021, attributed to high patient preference for oral medications, the availability of effective oral antibiotics, and a lower risk of sequelae. Many patients prefer oral medications over other routes of administration, such as injections or intravenous infusions. Oral medications are generally more convenient and less invasive, which can lead to better patient compliance. Additionally, there are several effective oral antibiotics available for the treatment of community-acquired bacterial pneumonia, such as macrolides, penicillin, and fluoroquinolones. These antibiotics can be used to treat mild to moderate cases of community-acquired bacterial pneumonia. Many patients with mild to moderate community-acquired bacterial pneumonia can be treated on an outpatient basis with oral antibiotics. This can reduce the burden on hospitals and healthcare systems. These factors contribute to the revenue growth of the oral route segment.
Community-acquired Bacterial Pneumonia Treatment Market by Distribution Channel
Based on the distribution channel, the global community-acquired bacterial pneumonia treatment market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy.
The hospital pharmacy segment dominated the market with the largest revenue share in 2021, owing to the large footfall of patients. Hospital pharmacies have access to specialized healthcare professionals, such as infectious disease specialists, who can provide expert advice on the appropriate usage of antibiotics for the treatment of community-acquired bacterial pneumonia. Many patients with severe cases of this type of pneumonia require hospitalization and inpatient treatment. Hospital pharmacies are equipped to provide the necessary medications and supportive therapies for these patients. They often have centralized ordering and distribution systems, which can improve the efficiency and accuracy of medication administration for community-acquired bacterial pneumonia patients. These overarching variables contribute to the hospital pharmacy segment revenue growth.
Community-acquired Bacterial Pneumonia Treatment Market by Region
Geographically, the global community-acquired bacterial pneumonia treatment market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominated the global market with the largest revenue share in 2021, attributed to increasing research and development activities, rising healthcare expenditure, and the presence of major key players. Additionally, companies across the region are continuously working on launching novel medications for the treatment of community-acquired bacterial pneumonia, which is also helping in the growth of the regional market.
Community-acquired Bacterial Pneumonia Treatment Market Competitive Landscape
The prominent players operating in the global community-acquired bacterial pneumonia treatment market are:
Community-acquired Bacterial Pneumonia Treatment Market Strategic Developments
The global community-acquired bacterial pneumonia treatment market is expected to reach US$ 2.67 billion by 2030.
The community-acquired bacterial pneumonia treatment market is expected to register growth at a revenue CAGR of 6.6% during the forecast period from 2022 to 2030.
The development of new antibiotics leading to rising drug approvals and launches and the increasing prevalence of community-acquired bacterial pneumonia are driving the growth of the global market.
The costs associated with research and development, the shortage of skilled professionals, and the lack of healthcare infrastructure in developing economies are restricting the global market revenue growth to its full potential.
Nabriva Therapeutics plc, Cumberland Pharmaceuticals Inc., Paratek Pharmaceuticals, Inc., Merck Sharp & Dohme Inc., and Cubist Pharmaceuticals LLC are among the top market players.
*Insights on financial performance are subject to the availability of information in the public domain