Recent Research: Respiratory Syncytial Virus Treatment Market Will Surpass $2.3 Billion by 2024

Transcription

Recent Research: Respiratory Syncytial Virus Treatment Market Will Surpass $2.3 Billion by 2024
Recent Research: Respiratory Syncytial
Virus Treatment Market Will Surpass $2.3
Billion by 2024
According to a leading research and consulting firm, The Global Respiratory Syncytial Virus (RSV)
treatment market will expand to unprecedented levels over the next decade, rising from approximately
$640 million in 2014 to over $2.3 billion by 2024, representing an impressive Compound Annual Growth
Rate (CAGR) of 29.9%.
This report provides analysis of the Respiratory Syncytial Virus (RSV) treatment space across the seven
Major Markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, including annualized
market data from 2014 and forecast to 2024. It discusses current treatment options, unmet needs and
opportunities, and the drivers and barriers affecting RSV product sales in the 7MM.
Browse Detailed Toc, Tables, Figures, Charts and Companies Mentioned in Respiratory
Syncytial Virus Treatment Market Research Report athttp://www.absolutereports.com/opportunityanalyzer-respiratory-syncytial-virus-rsv-opportunityanalysis-and-forecasts-to-2024-10112595
According to this latest report, this robust growth, which will occur across the seven Major Markets
(7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, will be driven by multiple new
product launches in the currently sparse RSV arena.
The director of a leading research firm states that, “Synagis (palivizumab) is the only licensed product
indicated for the prevention of RSV in infants at a high risk of severe infection, and there are no
prophylactic agents approved for adults”.
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The director further explains: “Despite Synagis being effective in many patients, its short half-life and
prohibitively high cost limit its utility. The anticipated launches of novel prophylactic monoclonal
antibodies (mAbs) led by MedImmune’s MEDI8897 and Regeneron’s REGN2222, have provided hope for
more cost-effective alternatives to Synagis. It is expected that these pipeline agents will be important
players in the RSV space across the 7MM by 2024”.
In addition, the anticipated licensure of the first adult vaccine to offer protection against RSV, Novavax’s
RSV-F Vaccine, will also stimulate rapid growth in a previously untapped segment of the RSV
marketplace, with elderly patients, especially those living in nursing homes.
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These new products have come at a time when RSV presents a growing socioeconomic and public health
burden. New game-changing agents will be enthusiastically welcomed, particularly as healthcare
stakeholders are becoming increasingly open to novel interventions that may provide indirect costsavings by shortening, or even outright preventing, hospital stays.
Despite the RSV treatment market’s promising prospects, there will be formidable logistical and financial
hurdles to overcome in order to successfully assimilate novel RSV vaccines into existing immunization
program infrastructure. However, such barriers will not hinder exciting market growth to 2024.
About Absolute Report: Absolute Reports is an upscale platform to help key personnel in the business
world in strategizing and taking visionary decisions based on facts and figures derived from in depth
market research. We are one of the top report resellers in the market, dedicated towards bringing you
an ingenious concoction of data parameters.
Contact–
Mr. Ameya Pingaley
Absolute Reports
+1-408 520 9750
Email – [email protected]
Website: www.absolutereports.com
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