Market Size of Anthrax Treatment Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Anthrax Treatment Market Analysis
The anthrax treatment market is expected to register a CAGR of 7.8% over the forecast period.
The COVID-19 pandemic caused disruptions in the supply chains and treatment protocols for pharmaceuticals around the world, which also influenced the global antibiotics and immunoglobulins specific to the anthrax market. On a global scale, however, it appeared infrequently in developed countries compared to developing and underdeveloped nations. For instance, as per the report published by the Annals of Medicine and Surgery in September 2022, Zimbabwe and southern Kenya have seen anthrax outbreaks with significant morbidity and low mortality during the COVID-19 pandemic. Initiatives undertaken within the countries to lower the spread of diseases have positively impacted the market's growth. For instance, telecommunications firms were employed by countries including Nigeria, Zambia, So Tomé and Principe, and Burkina Faso to promote the supply of information about preventative and control measures. Thus, there was a significant impact on the treatment of anthrax in developing regions during the pandemic that helped the market grow. As per the analysis, the reinstatement of the supply chains and healthcare facilities is another factor that is expected to contribute to the market under consideration eventually reaching its full potential in the post-pandemic phase.
Furthermore, the anthrax treatment market will show rapid growth due to the increase in research funding and the development of novel therapies for the treatment of anthrax. Along with the aforementioned considerations, the emergence of new anthrax animal cases in various regions also supports market expansion as human exposure to animal spores might result in anthrax.
The increasing number of novel developments for the innovative and effective treatment of anthrax is one of the major factors expected to boost the growth of the anthrax treatment market. There has been a surge in the development of novel therapies due to the rising threat of exposure to Bacillus anthracis among civilian populations and military forces. For instance, in December 2021, USAMRIID researchers found a way to prevent mice from contracting the lethal disease anthrax by altering an enzyme generated by the bacterium that causes it. Their conclusion could result in the development of new antibiotics for various bacterial illnesses as well as a potential therapeutic approach for multidrug-resistant anthrax strains. The growing threat of exposure has thus led to the development of new therapies for anthrax treatment, which will have a positive impact on the growth of the anthrax treatment market in the near future.
Similarly, the new cases of anthrax among animals influence the market as it spreads to humans through animal spores. For instance, according to the public notice published by the government of Sierra Leone in May 2022, new anthrax disease cases were discovered among animals in the northern district of Port Loko in the city of Sierra Leone, West Africa. This may increase the spread to humans and increase the demand for anthrax treatment, which is expected to drive the growth of the market during the study period.
However, the high cost associated with diagnostic treatment is expected to restrain the growth of the anthrax treatment market over the analysis period.
