Wilmington, Delaware, United States, Transparency Market Research Inc.: The global methicillin-resistant staphylococcus aureus drugs market is estimated to attract notable expansion opportunities in the upcoming years.
Wilmington, Delaware, United States, Transparency Market Research Inc.: The global methicillin-resistant staphylococcus aureus (MRSA) drugs market is estimated to attract notable expansion opportunities in the upcoming years. This growth can be attributed to many factors including increasing occurrence of the antibiotic resistant strains development among population of all age groups.
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Staphylococcus aureus refers to bacteria generally seen on the skin or nose of healthy individuals. Methicillin-resistant staphylococcus aureus (MRSA) can be defined as a staphylococcus aureus type, which shows resistance to beta-lactam antibiotic named methicillin.
Some of the prominent players in the global methicillin-resistant staphylococcus aureus (MRSA) drugs market include The Medicines Company, Basilea Pharmaceutica Ltd., Allergan, Merck & Co., Inc., Pfizer, Inc., and Theravance Biopharma. Presence of several prominent companies makes the competitive landscape of the market highly intense, which encourages enterprises to use organic as well as inorganic strategies in order to stay ahead in the competition.
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Leading organizations in the global methicillin-resistant staphylococcus aureus (MRSA) drugs market are investing heavily in the clinical trials and R&D projects, which are concentrated on the formulation of exclusive drug molecules. Moreover, many players are focusing on the launch of generic drugs against the presently available products that have lost the patent exclusivity.
The COVID-19 pandemic has shown impact major industries including the global methicillin-resistant staphylococcus aureus (MRSA) drugs market. Companies have developed several policies and strategies in order to address this issue and ensure consistent revenue generation.
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Several companies from the North America region, specifically the U.S., are increasing investments toward the R&D projects, which are focused on the development of screening tools for MRSA infection. This factor has helped in making North America as leading market region in the methicillin-resistant staphylococcus aureus (MRSA) drugs market. Moreover, Asia Pacific is expected to emerge as fastest growing region for the market in the years to come.
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Methicillin-resistant Staphylococcus Aureus (MRSA) Drugs Market: Snapshot
Staphylococcus aureus is a bacteria commonly found on nose or skin of healthy people. MRSA i.e., methicillin-resistant staphylococcus aureus, is thus a type of staphylococcus aureus that is resistant to beta-lactam antibiotic called methicillin. MRSA strains do not respond to methicillin treatment. Around 1% of the population carrying staphylococcus aureus on their nose or skin are infected by MRSA. The infection causes skin and tissue infection, and is transmitted by direct skin-to-skin contact. Global MRSA drugs market accounted for a revenue of US$ 2,967.0 Mn in 2016, and is estimated to reach the value of US$ 3,908.2 Mn by the end of 2025, reflecting a CAGR of 3.2% during the forecast period.
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According to CDC, two in every 100 people carry MRSA. Prolonged stay of patients in long-term health care facilities is a major factor giving rise to a serious issue of surplus MRSA infections. According to the Healthcare Cost & Utilization Project (HCUP), a family of health care databases in the U.S., the rate of deaths of hospitalized patients caused by MRSA infections is higher than non-hospitalized patients (4.7% vs. 2.1% respectively). Improved screening of antibiotic resistant strains of bacteria by using technologically advanced diagnostic tools, and upsurge in the consumption of antibiotics across the globe are the major factors expected to fuel the growth of global MRSA drugs market during the forecast period. Key companies are entering the distribution agreements with the emerging regional players to improve the accessibility of their anti-MRSA agents. Basilea Pharmaceutica, one of the leading MRSA drugs manufacturer, entered into a license agreement for its anti-MRSA antibiotic Zevtera (ceftobiprole) with Shenzhen China Resources Gosun Pharmaceutical Co., Ltd. (China). Such key strategies being adopted by the manufacturers is expected to propel the growth of MRSA drugs market during the forecast period. There is significant unmet need for the MRSA infection, which create huge opportunities for existing players and new entrants in the market. Also adopting the strategies such as establishing commercial partnerships for co-development and commercialization of anti-MRSA agents provide scope for opportunities in the global MRSA drugs market. However, lack of systematic surveillance for MRSA infection in developing countries is likely to hamper the growth of MRSA drugs market during 2017-2025.
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