Vietnam Tuberculosis Therapeutics Market Expands with Growing Investments
Vietnam Tuberculosis
Therapeutics Market is anticipated to grow with increasing tuberculosis
instances, in the forecast period, 2023-2027F.
According to TechSci Research report on, “Vietnam
Tuberculosis
Therapeutics Market - By Region, Competition
Forecast & Opportunities, 2027”,
Vietnam tuberculosis therapeutics market might register an impressive CAGR
during the forecast period, 2023-2027, to establish growth due to factors like prevailing
tuberculosis cases among the population of the country. Rising population
infected with the infectious disease and high communicability of the disease
further drives the growth of the Vietnam tuberculosis therapeutics market in
the upcoming five years. Rising demands for the early diagnosis and effective
treatments and precaution measures against the communicable disease is also
supporting the growth of the Vietnam tuberculosis therapeutics market in the
next five years. The government of the country is also actively invested in
decreasing the severity of the diseases and control the growing cases thus
aiding the growth of the Vietnam tuberculosis therapeutics market in the future
five years.
Government aided programs like NTP and increasing
grants from the international bodies is also prevailing the growth of the
Vietnam tuberculosis therapeutics market in the forecast years. Concerns
regarding tuberculosis is also high. Rising mortality & morbidity rate
among the population due to tuberculosis has increased the concerns and thus
the awareness regarding precautions, early diagnosis and effective treatment
for the same and thus substantiates the growth of the Vietnam tuberculosis
therapeutics market in the forecast years through 2027. With introduction of
advanced technologies, and growing imports of the advanced techniques and
medical device for the diagnosis and treatment also facilitates the growth of
the Vietnam tuberculosis therapeutics market in the forecast period.
International investments, expanding healthcare sector, rising involvement of
the government and increasing disposable income among the population actively
spending over private healthcare systems also drive the market growth.
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The Vietnam tuberculosis therapeutics market is
segmented by diseases type, therapy, competitional landscape, and regional
distribution. Based on disease type, the market is bifurcated between active
tuberculosis and latent tuberculosis. Mycobacterium tuberculosis is the major
cause of tuberculosis among the population. In the South Asian countries like
Vietnam, India, Laos, etc. the abundance of the Mycobacterium tuberculosis is a
major factor aiding the increasing instances of tuberculosis and thus growing
the demands for tuberculosis therapeutics. Patients suffering from active
tuberculosis have the tendency to spread the disease further. Whereas patients
with latent tuberculosis lack the tendency to spread the disease. Active
tuberculosis can also be categorized as the more advanced phase of
tuberculosis. Since the patients suffering from the latent tuberculosis if do
not perceive treatment may advance to the active form and then infect other
people around them. Moreover, the cases of tuberculosis among the rural
population of the country are higher. Although the disease is highly
communicable and infectious, cases among the same household population is lower
as compared to the outside household population. Lack of medical attention
causes severity of the disease, worldwide over 90% of the tuberculosis cases
are reactivation of the Mycobacterium tuberculosis and further leading to
death. Although the disease is treatable and can be controlled, the procedure
of irradicating the disease completely is difficult and may take several years
to completely be taken over.
Based on therapy, the market is differentiated
between first line therapy and second line therapy. Tuberculosis disease has
multiple drug resistance. The presence of bacteria since many years has aided
to the survival of the microorganism against various drugs. First line therapy
drugs include, Isoniazid, rifampicin, ethambutol, pyrazinamide. If the
infection is resistant to the drugs like Isoniazid and Rifampicin and has the
impact they are characterized as extensively drug resistant tuberculosis.
Growing prevalence of the advanced forms of the infection and consistent
efforts from the governmental bodies to overcome the cases is driving the
growth of the market in the future five years.
A partial list of major market players of the Vietnam
tuberculosis therapeutics market includes:
·
Novartis Vietnam Co., Ltd.
·
Johnson & Johnson
·
Otsuka Pharmaceutical Vietnam JSC
·
Lupin Limited
·
GSK Vietnam
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“Increasing cases may
assert the future growth of the Vietnam tuberculosis therapeutics market in the
upcoming five years. High concerns regarding the disease spread and growing
involvement of the foreign bodies in the healthcare advancement in the country also
plays a vital role in market growth. Growing investment, expanding healthcare
system in the country, growing expenses for the industrial advancement also
substantiate the growth of the Vietnam tuberculosis therapeutics market in the
future five years,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Vietnam Tuberculosis
Therapeutics Market By Disease Type (Active Tuberculosis v/s Latent
Tuberculosis), By Therapy (First Line Therapy v/s Second Line Therapy), By
Region, Competition Forecast & Opportunities, 2027” has evaluated the future
growth potential of Vietnam tuberculosis therapeutics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Vietnam tuberculosis therapeutics market.
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