The Global Market for Sepsis Therapeutics is Projected to Reach US$256.1 Million by 2022
Focus on Early Diagnosis, Efforts to
Raise Awareness & Inclusion in National Health Priority Programs Drive the Sepsis
Therapeutics Market, According to a New Report by Global Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Sepsis Therapeutics
market. The global market for Sepsis Therapeutics is projected
to reach US$256.1 million by 2022, driven by the growing
focus on implementing international guidelines on sepsis prevention and
management; efforts taken to raise awareness of this common yet poorly
understood disease condition; and clinical development of new drug candidates.
Sepsis
or Systemic Inflammatory Response Syndrome (SIRS) represents a life-threatening
medical condition caused by abnormal host immune response to infection.
Uncontrolled sepsis or septic shock results in multiple organ dysfunction,
rapidly leading to death. Sepsis is an often overlooked condition despite its
very high frequency. Sepsis-associated mortality and its prevalence are higher
than heart attack, or any form of cancer. Rising prevalence of sepsis is
attributable to the growing number of surgeries and hospital-acquired
infections; growing threat of infectious diseases; and rapidly aging population
with compromised immune system and metabolism. Furthermore, increasing research
and clinical trials in this area will support future growth in the market.
Factors restraining market growth include the lack of standard sepsis
management protocol, an overwhelming lack of awareness on the subject, and
shortage of skilled staff with expertise on sepsis. Current treatment options
for sepsis are confined to antibiotics that target the specific pathogen, and
subsequent patient monitoring, symptom management and support. There is no drug
currently available on the market that addresses septic shock exclusively. Xigris (by
Eli Lily) was the only drug approved in 2001 for sepsis; however, in 2011, the
drug was withdrawn from the market after extensive trial results showed adverse
side effects and drug efficacy concerns.
The
high unmet market need therefore offers significant potential for sepsis
therapeutics players and potential market entrants. The sepsis therapeutics
market is dominated by clinical-stage pharmaceutical companies with drug
candidates still in preclinical R&D and early clinical trials. InflaRx,
Asahi Kasei Pharma America, and T2 Biosystems represent a few companies with
late Phase II and Phase III products. Future growth of the market is expected
to be dominated by novel, first-in-class candidates such as ART-123 (by Asahi
Kasei Pharma America), which will most likely be indicated for sepsis-induced
acute lung injury (ALI) or acute respiratory distress syndrome (ARDS). Once
launched, ART-123 is estimated to dominate the market till 2019 due to lack of competition
and enjoy high pricing due to its first-in-class status. Other major pipeline
drugs include ALT-836 anticoagulant and recombinant human alkaline phosphatase
(RecAP) by Altor Bioscience, another RecAP by AM-Pharma; LB-1148 (tranexamic
acid) by Leading Biosciences; and the humanized anti-complement monoclonal
antibody IFX-1 by InflaRx.
As stated by the new
market research report on Sepsis Therapeutics, the United States is
forecast to emerge as the largest market worldwide. Excluding the U.S., Rest of
World ranks as the fastest growing market with a robust CAGR of 75.5% over the
analysis supported by the high number of sepsis infections, and the need for effective
therapeutics.
Major
players covered in the report include Adrenomed AG, AM-Pharma B.V., Aridis
Pharmaceuticals, Inc., Asahi Kasei Pharma America, Astellas Pharma Inc., Bristol-Myers
Squibb, Chong Kun Dang BiO Corporation, Endacea Inc., InflaRx GmbH, Opsona
Therapeutics Ltd.., Opsonix, Inc., T2 Biosystems Inc., TaiRx Inc., and TiGenix
NV, among others.
The research report titled "Sepsis Therapeutics: A Global Strategic Business
Report" announced by Global
Industry Analysts Inc., provides a comprehensive review of market trends, growth
drivers, mergers and acquisitions, and other strategic industry activities of
major companies worldwide. The report provides market estimates and projections
for geographic markets of the US and Rest of World.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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