As disease burden and pediatric vulnerability increase, respiratory syncytial virus therapies will be in high demand.
Wilmington, Delaware, United States, Feb. 13, 2024 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The respiratory syncytial virus (RSV) therapeutics market was valued at US$ 1.1 billion in 2022. By the end of 2031, it is expected to reach US$ 3.8 billion, growing at a CAGR of 14.6% between 2023 and 2031. Precision and personalized treatment may become the focus of RSV therapy in the future.
As researchers continue to understand genetic variations and immunological responses, it may be possible to tailor RSV treatments to specific patient profiles. As a result, patients may experience fewer side effects and better outcomes. For instance, in June 2023, nirsevimab-alip was approved by the FDA for newborns and infants infected with the Respiratory Syncytial Virus (RSV) and children up to 24 months after their second infection.
Click Here to Get a PDF Sample Copy of this Report! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42701
The market for treatments has been driven mostly by increased diagnostic capabilities and a greater understanding of the consequences of RSV infections. Early RSV symptom recognition is becoming increasingly common among carers and healthcare professionals, enabling prompt diagnosis and treatment.
The scope for RSV therapeutics has surged as awareness campaigns emphasize the importance of RSV prevention and treatment. As a result of this increased knowledge, research projects are encouraged to develop effective and targeted treatments, leading to an increase in the market for RSV therapies.
Key Findings of the Market Report
- The injectable dosage form is expected to drive demand for RSV therapeutics in the market.
- Pharmacies and drug stores accounted for the largest share of the market in 2022
- Health infrastructures in Australia and Japan drive the respiratory syncytial virus therapeutics market.
- By 2022, North America was the largest market for respiratory syncytial virus therapeutics.
Global Respiratory Syncytial Virus Therapeutics Market: Growth Drivers
- Lower respiratory tract infections in newborns and early children are generally caused by the respiratory syncytial virus, which predominantly affects the respiratory system. Since this group is more likely to contract severe RSV infections, effective treatments are required.
- Medical expenses and hospital stays are major factors causing a high demand for novel and effective medicines. Research and development activities around RSV treatments have increased as pharmaceutical companies strive to meet this unmet medical need.
- The development of antiviral medications has significantly contributed to the growth of the RSV therapeutics market. Academics and pharmaceutical businesses are investing in finding new antiviral drugs specifically targeting the RSV virus.
- Technology advancements, such as the application of genomics and molecular biology methods, have enabled a deeper understanding of how viruses work, resulting in more efficient and targeted treatments. To advance the antiviral market, the pharmaceutical sector cooperates and invests in finding antiviral medications with enhanced safety profiles and fewer adverse effects.
Global Respiratory Syncytial Virus Therapeutics Market: Regional Landscape
- North America is expected to remain the world’s dominant market during the forecast period. The prevalence of RSV infections is high in North America, particularly among newborns and young children.
- Effective therapies are essential as pediatric healthcare focuses on RSV infections, and their severity may vary. There is a rising need for RSV therapies that are kid-friendly, effective, and safe as healthcare practitioners in North America work to meet the unique demands of the pediatric population. In North America, this focus on demographics significantly influences research and development and market expansion.
- The development and commercialization of breakthrough therapies are facilitated by the region’s strong research infrastructure and high healthcare spending. North American pharmaceutical corporations possess the financial means to allocate a substantial amount of resources toward RSV research and development, which could result in the development of novel treatment alternatives.
- Research efforts are further stimulated by government funding, private investments, and collaborations between academic institutions and industry participants, encouraging the expansion of the RSV treatments market. The market is advanced by the conducive economic climate, which facilitates the conversion of research findings into commercially viable goods.
Do you have any queries or need more insights on Respiratory Syncytial Virus Therapeutics Market, Talk to Our Analyst@ https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=42701
Global Respiratory Syncytial Virus Therapeutics Market: Key Players
Companies interested in the global respiratory syncytial virus therapeutics market are studying RSV therapeutics. Leading players are expanding their product portfolios and engaging in mergers and acquisitions. Transparency Market Research has profiled the following players in the respiratory syncytial virus therapeutics market report:
- F. Hoffmann-La Roche Ltd.
- AstraZeneca plc
- Merck & Co. Inc.
- AbbVie Inc.
- Valeant Pharmaceuticals International Inc.
- GlaxoSmithKline plc
- ReViral Ltd.
- Gilead Sciences Inc.
- Medivir AB
- Teva Pharmaceuticals Industries Ltd.
Key Developments
- In May 2023, GlaxoSmithKline plc announced that Arexvy, its respiratory syncytial virus vaccine (adjuvanted), had received US FDA approval to reduce lower respiratory tract disease (LRTD) caused by RSV infection in people over 60.
- In October 2023, with the approval of the Central Drugs Standard Control Organization (CDSCO), AstraZeneca Pharma India is now able to import and market ‘Palivizumab’ injections (r-DNA origin) in single-dose vials (50mg/0.5mL & 100mg/mL presentations) in India.
Global Respiratory Syncytial Virus Therapeutics Market: Segmentation
By Drug Type
- Palivizumab
- Ribavirin
- Others
By Dosage Form
- Oral
- Injectable
- Others
By Distribution Channel
- Drug Stores and Retail Pharmacies
- Hospital Pharmacies
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Order a Copy of this Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=42701<ype=S
Go through further research published by Transparency Market Research:
Neurotoxin Market – The global neurotoxin market stood at US$ 7.78 billion in 2023 and is projected to reach US$ 13.3 billion in 2031. The global neurotoxin market is anticipated to expand at a CAGR of 6.8% between 2023 and 2031.
Asthma Biologics Market – The asthma biologics market was estimated to have acquired US$ 6.5 billion in 2022. It is anticipated to register a 12.5% CAGR from 2022 to 2031, and by 2031, the market is likely to gain US$ 19.2 billion.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
- ECG INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Everus Construction Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - May 11, 2025
- CGC INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Canopy Growth Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - May 11, 2025
- Optimove Launches Engage to End “Content Chaos” in the GenAI Age - May 11, 2025
