Market Analysis: Global Pleural Effusion Drug Market

Pleural effusion drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Growing cases of pleural effusion worldwide and increase in awareness and pathology segments are the factors that help in the growth of the therapeutic market.

Global Pleural Effusion Drug Market By Type (Transudative Pleural Effusions and Exudative Effusions), Therapy Type (Chemotherapy and Radiation Therapy), Treatment Type (Medication and Surgery), Drug Class Type (Antibiotics, Sclerosing Agent and Diuretics), Route of Administration (Oral and Topical), End- Users (Hospitals, Homecare, Specialty Clinics and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends & Forecast to 2026

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Market Definition: Global Pleural Effusion Drug Market

Pleural effusion is a condition in which excessive fluids buildup or accumulates in the space between your lungs and chest cavity. This condition is caused by infections, malignancy and other cardiovascular diseases. The patients with pleural effusion may experience chest pain, dry cough and difficulty in breathing.

According to the article published in American Thoracic Society, it is estimated that up to one million cases of pleural effusion is diagnosed yearly in the United States. The emergence of drugs used in cardiovascular disorders and robust pipeline for the development of newer therapies are the key factors for this market growth.

Market Drivers

Increase in prevalence rate of pleural effusion worldwide acts as a driver for this market

Increase in the rate of research and development initiatives is driving the pleural effusion therapeutics market

Rising awareness about pleural effusion therapy and technological advancement is driving the market growth

Ongoing clinical trials is being carried out by many pharmaceuticals companies which contributes towards the growth of this market

Market Restraints

·       Effective treatment is either unavailable or unaffordable hence acting as a restraint for this market

·       Patent expiry of major drugs and introduction of generic drugs of branded version is expected to restrain the growth of the market

·       Inadequate knowledge about pleural effusion in some developing countries is also restraining the market growth

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Competitive Analysis:

Global pleural effusion drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Pleural Effusion drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Players:

Few of the major competitors currently working in the pleural effusion drug market are Clover Biopharmaceuticals., HEYER Medical AG, Lymol Medical., Lung Therapeutics, Inc., AstraZeneca, Boehringer Ingelheim International GmbH , GlaxoSmithKline plc, Novartis AG, chiesi Farmaceutici S.p.A , Sumitomo Dainippon Pharma Co., Ltd, Teva Pharmaceutical Industries Ltd, Mylan N.V., Orion Corporation, Merck & Co., Inc, Abbott, F. Hoffmann-La Roche Ltd, Vectura Group plc, Pfizer Inc, Alkermes, Almirall, S.A, Biogen and few among others

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Research Methodology: Global Pleural Effusion Drug Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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Key Developments in the Market:

In June 2019, Lung Therapeutics, Inc., is granting USD 36.00 million through Series C financing for completion of phase II clinical trial for drug candidate LTI-01 in loculated pleural effusions and Phase I Clinical Trial for Idiopathic Pulmonary Fibrosis (IPF) candidate LTI-03. Through this fund, Lung Therapeutics, Inc., is able to develop LTI-01, proenzyme that activates in pleural space. If successful, this has the potential to save lives of patients with loculated pleural effusions.

In May 2019, Clover Biopharmaceuticals received approval from the Chinese National Medical Products Administration (NMPA) to conduct clinical trials in China with SCB-313, a RAIL-Trimer fusion protein for the treatment of patients suffering from intracavitary malignancies. If successful, this will have the potential to save lives providing efficacious option for patients in China and worldwide.

Reasons to Purchase this Report

·       Current and future of global pleural effusion drug market outlook in the developed and emerging markets

·       The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

·       Regions/Countries that are expected to witness the fastest growth rates during the forecast period

·       The latest developments, market shares, and strategies that are employed by the major market players

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