San Francisco, California, November 21, 2018: A recent report by TMR Research, titled, “Lung Infections Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” finds that one of the main reasons the market is rising is because of the reduction in time for approval of new and more effective treatment drugs and therapies. This has egged more and more nimble companies to create better therapies and treatments. Other factors propping up growth in the global lung infections market is the supportive reimbursement policies and superior healthcare infrastructure in numerous nations.
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Apart from those, a large pool of elderly who are highly susceptible to lung infections is also serving to positively impact the global lung infections market. The rising instances of COPD, asthma, cystic fibrosis, and pneumonia are also playing a key role in propelling the global lung infections treatment market. Further, growing awareness among people about lung infections and advent of advanced diagnostic tests is also having a positive impact on the market.
On the flipside, however, the market is being hindered by technological complexity and steep cost of diagnostic procedures.
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With respect to geography, North America at present dominates the global lung infections market. This is owing to the solid demand for diagnostic tests on account of the high degree of awareness about those in the general public. A state-of-the-art healthcare infrastructure and helpful reimbursement policies are mainly helping the market in the region. Europe is another prominent lung infections market for the same reasons as North America. Presence of a large geriatric population too has helped the market in the regions.
A noticeable trend in the global lung infections market is the nimble players turning their gaze towards the under tapped Asia Pacific for pushing up sales growth. Some of the key players in the market that have been profiled in the report are Destiny Pharma Ltd., Bayer AG, Creative Antibiotics Sweden AB, and Insmed Incorporated.