Market Size of Global Infectious Disease Drugs Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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?
Infectious Disease Drugs Market Analysis
The infectious disease drugs market is expected to register a CAGR of 4.3% during the forecast period (2022 - 2027).
The COVID-19 outbreak has had a significant impact on the market. As employment closures have curtailed import and export activities, there has been a considerable influence on the market, resulting in shortages and unavailability of infectious drugs and supplies across healthcare facilities. Due to the temporary shutdown of production facilities, export restrictions, increased demand for the COVID-19 medication, disruptions in the supply of goods, and interruptions in services, the impact of the outbreak in its initial phase on the infectious drugs market was substantial. Additionally, clinical trials of the drug have been reduced as more and more companies delay the start of most new courses in several countries. In addition, the COVID-19 epidemic has seen a decline in outpatient services for patients with infectious diseases, which has also had a significant impact on overall market growth. For instance, according to an article published by the National Center for biotechnology information, in 2021, titled " The impact of COVID-19 on hepatitis services and civil society organizations", stated that the COVID-19 pandemic has affected hepatitis prevention, testing, treatment, and vaccination services globally. Similarly, as per the data published by the World Health Organization (WHO), in 2020, most malaria-endemic countries faced moderate disruptions in anti-parasitic service delivery. However, with the resumed services and procedures and the market recovering from the COVID-19, the infectious disease drugs market is expected to regain its full potential over the forecast period.
The major factors for the growth of the infectious disease drugs market are the rising awareness activities by various government and non-profit organizations, the increasing prevalence of infectious diseases, and the rising funding and increasing research and development activities. For instance, according to the data published by the World Health Organization in the Global Tuberculosis Report 2021, most of the tuberculosis cases were found in the World Health Organization (WHO) regions of South-East Asia (43%), Africa (25%) and the Western Pacific (18%), and lesser numbers of tuberculosis cases were found in Eastern Mediterranean (8.3%), the Americas (3.0%) and Europe (2.3%). Similarly, according to the World Health Organization (WHO) data published in 2021, Sub-Saharan Africa likely continues to endure the burden of malaria, accounting for approximately 95% of all cases and 96% of all deaths. Thus, rising cases of infectious diseases are expected to increase the demand for infectious drugs resulting in the high growth of the market.
However, the low penetration rates of diagnosis and treatment in developing countries and the side effects of the drugs are likely to hinder the growth of the market.
