PUBLISHER: The Business Research Company | PRODUCT CODE: 1428450
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428450
Respiratory syncytial virus (RSV) therapeutics include various treatments and medications designed to manage and treat infections caused by the respiratory syncytial virus. This virus is known to cause respiratory illness, ranging from mild to severe, with higher risks for infants, young children, older adults, and individuals with weakened immune systems.
The main categories of drugs in respiratory syncytial virus (RSV) therapeutics encompass palivizumab, ribavirin, and others. Palivizumab, a monoclonal antibody developed through DNA recombination, is utilized for respiratory infections in children to prevent complications arising from respiratory syncytial virus infection. Treatments are further classified into immune prophylaxis, supportive care, and antiviral medications, available in various dosage forms such as oral, injectable, and others. These therapeutics are accessible through channels including hospital pharmacies, retail pharmacies, and online pharmacies, catering to patients ranging from pediatrics to adults.
The respiratory syncytial virus (RSV) therapeutics research report is one of a series of new reports from The Business Research Company that provides respiratory syncytial virus (RSV) therapeutics market statistics, including the respiratory syncytial virus (RSV) therapeutics industry's global market size, regional shares, competitors with a respiratory syncytial virus (RSV) therapeutics market share, detailed respiratory syncytial virus (RSV) therapeutics market segments, market trends and opportunities, and any further data you may need to thrive in the respiratory syncytial virus (RSV) therapeutics industry. This respiratory syncytial virus (RSV) therapeutics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The respiratory syncytial virus (rsv) therapeutics market size has grown exponentially in recent years. It will grow from $1.27 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period for respiratory syncytial virus (RSV) therapeutics can be attributed to factors such as increased disease awareness, advancements in virology, recognition of pediatric vulnerability, occurrences of epidemic outbreaks, and progress in vaccine development.
The respiratory syncytial virus (rsv) therapeutics market size is expected to see exponential growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period for respiratory syncytial virus (RSV) therapeutics can be attributed to factors such as innovation in biologic therapies, the emergence of new antivirals, a focus on the elderly population, maternal immunization strategies, and increased global research collaborations. Major trends in the forecast period include advancements in monoclonal antibodies, the development of nasal vaccines and delivery systems, exploration of combination therapies, innovation in novel drug delivery systems, and the development of home-based treatment options.
The surge in RSV infection prevalence is fueling the expansion of the market for respiratory syncytial virus (RSV) therapeutics. RSV stands as a prevalent respiratory ailment that can cause mild to severe respiratory infections, particularly among newborns, young children, the elderly, and individuals with compromised immune systems. The escalating occurrences of RSV infections are driving the necessity for novel treatments to cater to the increasing demand and alleviate the severity of RSV-associated complications. As evidenced in a September 2022 publication from The Lancet, approximately 11,255 new RSV cases were reported during the 2021 summer, marking a 9.50% increase compared to the 10,280 cases recorded in the winter of 2020-21. Thus, the rise in RSV infection prevalence is a significant driver for the growth of the respiratory syncytial virus (RSV) therapeutics market.
The rising rate of disease is a key factor propelling the growth trajectory of the respiratory syncytial virus (RSV) therapeutics market. A disease signifies a pathological condition affecting a part, organ, or system of an organism due to various causes, including infection, genetic anomalies, or environmental stressors. Given RSV's widespread impact as a common respiratory virus affecting individuals across age groups, the surge in infection rates, particularly among vulnerable demographics such as infants and the elderly, underscores the urgent need for effective therapeutic interventions. For example, according to data released by the Cleveland Clinic in 2023, an estimated 57,000 children under 5 years require hospitalization annually in the U.S. due to RSV. Consequently, the escalating disease rate is a driving force behind the expansion of the respiratory syncytial virus (RSV) therapeutics market.
Developing more effective drugs and vaccines stands as a prominent trend gaining traction within the respiratory syncytial virus (RSV) therapeutics market. Key companies operating in this domain are dedicating their efforts towards creating innovative drugs and vaccines to maintain their market presence. For instance, in May 2023, Pfizer Inc., a renowned pharmaceutical manufacturer in the United States, secured approval from the Food and Drug Administration (FDA), a federal agency responsible for safeguarding public health, for ABRYSVO. This bivalent RSV prefusion F (RSVpreF) vaccine, ABRYSVO (Respiratory Syncytial Virus Vaccine), is administered to prevent lower respiratory tract illnesses caused by RSV in individuals aged 60 and above. ABRYSVO, an unadjuvanted vaccine containing a pair of preF proteins designed to enhance immunity against RSV A and B strains, has demonstrated both safety and efficacy in clinical trials.
Strategic collaborations are emerging as a significant trend gaining momentum within the respiratory syncytial virus (RSV) therapeutics market. Leading companies within this sector are prioritizing the establishment of strategic partnerships to fortify their market positions. For example, in 2023, the Cyrus Poonawalla Group, an India-based biotechnology firm, teamed up with the Serum Institute of India, a prominent biotechnology company specializing in vaccine production, to receive official regulatory clearance for a versatile vaccine. This groundbreaking vaccine aims to combat a wide spectrum of diseases, encompassing polio, tetanus, diphtheria, hepatitis B, mumps, measles, and rubella.
In June 2022, Pfizer Inc., a US-based pharmaceutical manufacturing company, successfully completed the acquisition of ReViral Limited for an undisclosed amount. This strategic move is part of Pfizer's efforts to enhance its pipeline of promising treatment candidates, with a particular focus on sisunatovir. Sisunatovir is an oral antagonist developed to prevent the fusion of the respiratory syncytial virus (RSV) with the host cell. ReViral Limited, headquartered in the UK, is a clinical-stage biotechnology company that specializes in the development of medications targeting RSV.
Major companies operating in the respiratory syncytial virus (rsv) therapeutics market report are Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., AstraZeneca PLC, Abbott Laboratories, GlaxoSmithKline plc., Gilead Sciences Inc., Moderna Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Dr. Reddy's Laboratories Ltd., Bio-Rad Laboratories Inc., Novavax AB, Vir Biotechnology Inc., Lupin Limited, Kyorin Pharmaceutical Co. Ltd., Bavarian Nordic A/S, SciClone Pharmaceuticals Inc., Enanta Pharmaceuticals Inc., Hetero Healthcare Ltd, Inovio Pharmaceuticals Inc., Ascletis Pharma Inc., NanoBio Corporation, Vaxart Inc., Ark Biosciences Private Limited, Pulmocide Ltd
North America was the largest region in the respiratory syncytial virus (RSV) therapeutics market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the respiratory syncytial virus (rsv) therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the respiratory syncytial virus (rsv) therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The respiratory syncytial virus (RSV) therapeutics market includes revenues earned by entities by providing services such as home care and respiratory support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The respiratory syncytial virus (RSV) therapeutics market consists of sales of antiviral drugs, monoclonal antibodies, and vaccines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Respiratory Syncytial Virus (RSV) Therapeutics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on respiratory syncytial virus (rsv) therapeutics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for respiratory syncytial virus (rsv) therapeutics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The respiratory syncytial virus (rsv) therapeutics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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