Respiratory Syncytial Virus Therapeutics Market 2023 Size, Share, Revenue Trends and Growth Drivers
The Respiratory Syncytial Virus Therapeutics Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The global respiratory syncytial virus (RSV) therapeutics market size stood at USD 1,111.3 million in 2019. The global impact of COVID-19 has been unprecedented and staggering, with RSV drugs experiencing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global RSV therapeutics market will exhibit a huge decline of -48% in 2020. The market is projected to grow from USD 609.2 million in 2020 to USD 4,003.4 million in 2027 at a CAGR of 30.9% in the 2020-2027 period. The sudden rise in the CAGR of this market is attributable to the potential launch of new products by 2023. Respiratory Syncytial Virus (RSV) Therapeutics Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Prophylaxis and Treatment), By End-user (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy) and Regional Forecast, 2020-2027
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Market Growth Drivers:
The respiratory syncytial virus (RSV) therapeutics market is driven by several factors, including the increasing prevalence of respiratory infections, particularly among children and the elderly, and the high burden of RSV-related morbidity and mortality. Moreover, the growing awareness of RSV infections and the development of advanced diagnostic tools are expected to drive the demand for RSV therapeutics. Additionally, the rising demand for effective and safe RSV treatments, particularly among high-risk populations such as premature infants and immunocompromised patients, is anticipated to boost the growth of the market. Furthermore, the increasing focus on research and development activities to develop novel and more efficacious RSV therapeutics is likely to provide significant growth opportunities for the market. Moreover, favorable government initiatives and funding programs aimed at combating RSV infections are expected to drive the growth of the market. Overall, these factors are expected to propel the respiratory syncytial virus therapeutics market during the forecast period.
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Who are the Major Respiratory Syncytial Virus Therapeutics Market Vendors?
- AstraZeneca (U.K)
- Bausch Health Companies Inc. (U.S)
- AbbVie (U.S)
- Johnson and Johnson Services Inc. (U.S)
- Sanofi (France)
- Merck Co., Inc.(U.S)
- Celltrion Inc. (South Korea)
- mAbxience (Spain)
- Enanta Pharmaceuticals, Inc(U.S)
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
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