Public & Private Investments to Foster Growth of Systemic Inflammatory Response Syndrome Treatment Market
The systemic inflammatory response syndrome treatment market is anticipated to grow from ~US$ 9.8 Bn in 2019 to ~US$ 17.8 Bn by 2027, and this healthy growth is attributable to government initiatives taken towards reducing the mortality rate of patients diagnosed with sepsis. Advancements in SIRS therapeutics are further brought in due to investment firms established in developed countries, who fund numerous clinical development programs that possess the capability of formulating effective drugs.
According to the World Health Organization, 7/100 hospitalized patients are highly susceptible to infections, which can cause sepsis. The patient-susceptibility rate in developing countries exceeds even this seven-one-hundred ratio, which signifies profitable opportunities for the systemic inflammatory response syndrome treatment market, as consumers tend to gain financial lucidity along with health consciousness.
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Popularity of SIRS Treatment to Remain High for Treatment of Urinary Tract Infection
The TMR study finds that, revenue from the treatment of urinary tract infection will increase at a CAGR of ~8%, as dehydration, menopause, high consumption of birth control pills, and frequent involvement in sexual activities are leading causes of UTI. According to medical studies, a female’s body has a shorter urethra than a male’s body, which shortens the distance for bacteria to reach the bladder. This makes women more prone to UTI infections as compared to men, and the participation of women in availing SIRS treatment is also high. However, infections caused by unhygienic conditions that lead to the prevalence of autoimmune diseases are likely to hold significant value in the systemic inflammatory response syndrome treatment market during the forecast period.
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Introduction of Effective Therapies and Drugs to Catalyze Market Growth
As concerns regarding the gravity of sepsis increase, market players operate within the range of innovation to develop effective drugs and therapeutics. Among other therapies, CytoSorb®, a specific extracorporeal cytokine adsorber, is emerging as an effective therapy to reduce inflammation and control the failure of vital organs, such as the lungs, kidneys, heart, and brain. Also, as demand for the initial-stage diagnosis of sepsis becomes more prominent, biomarkers were introduced for early detection, treatment, and disposition of the condition.
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Besides therapies, ample efforts backed by central and private funding are leading to the development of numerous pipeline drugs. For instance,
Adrenomed AG introduced Adrecizmab, which is deemed effective for the treatment of septic shock. The drug also holds efficiency in preventing vascular damage and keeping intact ideal vascular functions. Led by efficiency, therapeutics and pipeline drugs are projected to uphold demand in the systemic inflammatory response syndrome treatment market.
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Since developed countries remain at the forefront for the development of advanced therapies and drugs, given their sound technical knowledge, partnerships with players in developing countries are seen as a strategic move to gain a reciprocal advantage in the SIRS market. For instance, CytoSorbents Corporation collaborated with Biocon Ltd. to create a huge market for the sales of CytoSorb in overseas territories.
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