The drug is mostly used to treat toxoplasmosis in pregnant women because the drug reduces the chances of infection that can be caused to an unborn baby.
Spiramycin Drug Market: Introduction
- Spiramycin drug is defined as a drug that is used for the treatment of bacterial infections.
- The drug is mostly used to treat toxoplasmosis in pregnant women because the drug reduces the chances of infection that can be caused to an unborn baby.
- Spiramycin drug is also used to treat AIDS patients who have chronic cryptosporidiosis.
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Key Drivers, Restraints, and Opportunities of Global Spiramycin Drug Market
- Spiramycin drug is widely used to treat pregnant women who have toxoplasmosis. Around 33.8% women are expected to have latent toxoplasmosis. Hence, rise in prevalence of latent toxoplasmosis is projected to increase the demand for spiramycin drug.
- According to Transparency Market Research, prevalence of cryptosporidium infection among HIV positive patients was around 9.5% in 2020. This drives demand for treatment of HIV patients with cryptosporidium infection, which in turn boosts the growth of the global market.
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North America to Capture Major Share of Global Spiramycin Drug Market
- In terms of region, the global spiramycin drug market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is projected to account for major share of the global spiramycin drug market due to presence of well-established companies and rise in prevalence of pregnant women suffering from toxoplasmosis, as the disease spreads through cats kept as pets
- The spiramycin drug market in Europe is projected to witness strong growth owing to enhanced health care processes that provide spiramycin drug to treat bacterial infections.
- The spiramycin drug market in Asia Pacific is projected to grow at a rapid pace during the forecast period due to rise in number of pregnancies. A pregnant woman needs to test herself for toxoplasmosis and if the test is positive, the doctor prescribes spiramycin drug. This factor fuels the growth of the market in Asia Pacific.
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Key Players Operating in Global Spiramycin Drug Market
The global spiramycin drug market is driven by increase in investments by companies in manufacturing of spiramycin drug. Companies are conducting detailed research so that spiramycin drug can be used to treat various diseases. This is projected to boost the growth of the global market.
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