PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1534042
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1534042
Global Smallpox Treatment Market to Reach US$73.7 Million by 2030
The global market for Smallpox Treatment estimated at US$65.5 Million in the year 2023, is expected to reach US$73.7 Million by 2030, growing at a CAGR of 1.7% over the analysis period 2023-2030. Antiviral Drugs, one of the segments analyzed in the report, is expected to record a 1.6% CAGR and reach US$32.5 Million by the end of the analysis period. Growth in the Vaccinations segment is estimated at 2.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$17.8 Million While China is Forecast to Grow at 3.0% CAGR
The Smallpox Treatment market in the U.S. is estimated at US$17.8 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$13.5 Million by the year 2030 trailing a CAGR of 3.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 1.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
Smallpox Treatment - Key Trends and Drivers
The medical management of smallpox, a severe infectious disease declared eradicated in 1980, largely focuses on supportive care as no definitive treatment exists. With concerns about its potential use as a bioweapon, the treatment protocol involves isolation of infected patients until all scabs have fallen off to prevent virus transmission. With the FDA's approval of drugs like tecovirimat in 2018 and brincidofovir in 2021, there has been significant advancement in the therapeutic options available, demonstrating effectiveness in animal studies and approved under protocols for emergency use. The FDA plays a critical role in ensuring the availability of medical countermeasures against smallpox through facilitating drug development and ensuring the safety of the nation's blood supply. Vaccines like ACAM2000, Jynneos, and the investigational Aventis Pasteur Smallpox Vaccine are crucial in the Strategic National Stockpile, ready for deployment in case of an outbreak. Treatment drugs such as tecovirimat, available in both oral and intravenous forms, and brincidofovir are part of the emergency resources.
Several factors drive the adoption of smallpox treatments and preventive measures despite the eradication of the disease decades ago. Primarily, the persistent threat of bioterrorism where smallpox could be used as a biological weapon significantly influences government policies and healthcare strategies worldwide. This potential threat ensures continued research into and stockpiling of vaccines and antiviral medications. Technological advances in medical research allow for more effective and safer smallpox vaccines and treatments, increasing their adoption. Furthermore, global health security initiatives emphasize the importance of preparedness for potential outbreaks, pushing for advancements in diagnostic and therapeutic options. Public health policies also play a crucial role; they mandate certain protocols for handling outbreaks, which include the maintenance of strategic reserves of vaccines and antivirals. Finally, international cooperation and funding for infectious disease control further support the readiness and availability of smallpox medical countermeasures, reinforcing a global shield against possible future outbreaks.
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