Dec 21, 2021 (AmericaNewsHour) -- Research Nester published a report titled "Syphilis Treatment Drugs Market: Global Demand Analysis & Opportunity Outlook 2029" which delivers detailed overview of theglobalsyphilis treatment drugs market in terms of market segmentation by disease, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The syphilis treatment drugs market is estimated to occupy a large amount of revenue by growing at a notable CAGR during the forecast period, i.e., 2021 - 2029, owing to the rising incidences of unprotected sex and involvement in sexual activities under the influence of drugs. Apart from these, increasing prevalence of syphilis in developing nations is also expected to drive market growth in the coming years.
The market is segmented by disease type and distribution channel. Based on disease type, the segments for primary and secondary (P&S) syphilis is anticipated to grab the largest market share during the forecast period on the back of commonness of syphilis in the early and transmissible stages. Furthermore, increasing number cases of P&S syphilis among homosexual men is also assessed to drive market growth in the future.
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Geographically, the global syphilis treatment drugs market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to high awareness about the disease and favorable public health insurance policies. Moreover, the market in the Middle East & Africa is evaluated to grow by the highest rate in the future owing to the large number of syphilis cases in Africa and emergence of POC testing concepts.
Growing Cases of Unprotected Intercourse to Drive Market Growth
The last two decades have witnessed a surge in the number of incidences of people involved in unprotected sexual intercourse, most of which are youngsters of the age of 15-24 years. Moreover, the most common cause of syphilis is transmission of bacteria from person to person by direct contact with a syphilitic sore. This is one of the key factors considered to boost the demand of syphilis treatment drugs in the coming years.
"The Final Report will cover the impact analysis of COVID-19 on this industry."
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However, lack of trained lab personnel in under-developed countries is expected to operate as key restraint to the growth of the syphilis treatment drugs market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global syphilis treatment drugs market which includes company profiling of Pfizer Inc. /zigman2/quotes/202877789/composite PFE +3.59% , GlaxoSmithKline plc /zigman2/quotes/209463850/composite GSK +2.20% , Johnson & Johnson Services, Inc. /zigman2/quotes/201724570/composite JNJ +1.75% , F. Hoffman-La Roche Ltd (swx:RO), Abbott Laboratories /zigman2/quotes/203724446/composite ABT +0.71% , PerkinElmer, Inc. /zigman2/quotes/203769792/composite PKI +2.22% , Merck & Co., Inc. /zigman2/quotes/209956077/composite MRK +1.59% , Bristol-Myers Squibb Company /zigman2/quotes/202559280/composite BMY +0.30% , Gilead Sciences, Inc. /zigman2/quotes/210293917/composite GILD +0.90% , Sandoz GmbH (swx:NOVN), and others, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the syphilis treatment drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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