Press release
Cytomegalovirus Treatment Market CAGR Projected for 6% by 2028 | Merck & Co. Inc, Mylan N.V., Chimerix, Inc., Thermo Fisher Scientific, Abbott, Becton
Patient pool affected by cytomegalovirus is on a consistent rise, necessitating adoption of effective treatment methods and therapies. As per a revelation by the MedlinePlus, between 50 percent and 80 percent of adults in the US have suffered from cytomegalovirus by the age of 40. Statistics as such demonstrate augmented adoption of cytomegalovirus treatment products and procedures in the future, creating sustained opportunities for the manufacturers to reap sizeable revenues.
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As per the FMI report, demand for valganciclovir drug continues to be buoyant on account of effective results if taken at evenly spaced intervals, with global sales likely to surpass US$ 55.5 Mn in 2019. In addition to this, valganciclovir is less time-consuming and affordable, which is further adding to its popularity in the cytomegalovirus treatment space.
“The drug development framework for treatment of cytomegalovirus continues to be progressive, offering ample scope for development of new products and procedures. There are multiple clinical trials being performed for cytomegalovirus treatment worldwide, led by prominent regions including Europe and North America. The late-stage pipeline comprises exceptional drugs which are envisioned to enter the market. This, in turn, is likely to create favorable scenario for cytomegalovirus treatment market over the forecast period”, says FMI report.
Hospital Pharmacies Remain Highly Lucrative Channel for Manufacturers with Notable ROI Benefits
As per the report, congenital CMV infection registers substantial demand for cytomegalovirus treatment, with global sales expected to surpass over US$ 65.5 Mn in 2019. Hospital pharmacies are likely to steer sales of cytomegalovirus treatment products and procedures, owing to reliable offerings at reasonable costs. The well-informed and modern patients seek a combination of efficiency with convenience, which is making e-commerce a rapidly growing distribution channel for manufacturers to commercialize their offerings.
As per the report, high cost of cytomegalovirus treatment procedures remains a key factor hampering adoption and deterring market’s growth potential. Along with high prices, associated side effects of cytomegalovirus treatment products and procedures are denting end-user confidence. Some of the prevalent side effects associated with cytomegalovirus treatment products and procedures include neutropenia, nausea, thrombocytopenia, hematological toxicity, renal dysfunction, and so on.
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Manufacturers in the cytomegalovirus treatment market are focusing on novel developments, resulting in upgraded products with ameliorated functionalities. The market players are also focusing on product availability in varying size dimensions for increased convenience of end-users. The cytomegalovirus treatment market is witnessing a series of strategic partnerships, acquisitions, and mergers, which enables the manufacturing companies to offer viable offerings by combining their production expertise. For instance, Johnson & Johnson completed the acquisition of Ci:z Holdings Co., Ltd. in 2019 for expanding its exclusive portfolio of science-based dermocosmetic beauty products.
Cytomegalovirus Treatment Market Reports - Table of Contents
Executive Summary
Market Overview
Market Analysis
FMI Analysis and Recommendations
Wheel of Fortune
Market Introduction
Market Taxonomy
Market Definition
Market Background
Market Overview
Macroeconomic Assumptions
Global Economic Outlook
Market Dynamics
Market Dynamics
Drivers
Restraints
Opportunity Analysis
Trends
Cytomegalovirus Treatment Market: Key Inclusions
Pipeline Analysis
Reimbursement Scenarios
Cytomegalovirus Treatment: Timeline
North America Cytomegalovirus Treatment Market Analysis 2013–2017 and Opportunity Assessment 2018–2028
Introduction
Historical Market Size (US$ Mn) Analysis By Country, 2013–2017
U.S.
Canada
Market Size (US$ Mn) Opportunity Assessment By Country, 2018–2028
Historical Market Size (US$ Mn) Trend Analysis By Drug Type, 2013–2017
Ganciclovir
Valganciclovir
Foscarnet
Cidofovir
Others
Market Size (US$ Mn) Opportunity Assessment By Drug Type, 2018–2028
Historical Market Size (US$ Mn) Trend Analysis By Application, 2013–2017
Stem Cell Transplantation
Organ Transplantation
Congenital CMV infection
Others
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