Monkeypox Treatment Market Opportunities, Assessment, Demand, Scope and Forecast 2028

According to Precision Business Insights (PBI), the latest report, the monkeypox treatment market size is expected to be valued at USD 74.6 million in 2022 which is expected to grow at a CAGR of 18.2% from 2022-2028. The primary factors that drive the market are the rising demand for appropriate vaccines and possible disease treatments, government initiatives to promote research and development on efficient vaccines, increase expenditure in healthcare, and increasing initiatives by various companies to enhance drug development with the help of genetic engineering methods.

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Retail Pharmacies to Dominate the Monkeypox Treatment Market:
Based on the distribution channel type, the retail pharmacies hold the highest market share. The major factor for the rise of this segment is the increase in the number of discoveries in therapeutics related to monkeypox being transported through retail pharmacies. The growth in retail pharmacies in industrialized countries can drive the global monkeypox treatment market growth. Apart from this, patients preferably select retail pharmacies for buying drugs, due to their easily reachable nature can also drive the growth of the market.

North America Monkeypox Treatment Market:
North America leads the global monkeypox treatment market growth due to the increasing prevalence of monkeypox in the country and the growing population having weak immunity. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of monkeypox treatment in this region. Apart from this, the major factor that drives the market in this region are increasing infrastructure and the easy availability to healthcare amenities.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global monkeypox treatment market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

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The monkeypox treatment market is segmented based on treatment type, route of administration, distribution channel, and region.
Based on the treatment type, the market is segmented into the following:
• Prophylactic
• Vaccines
• Therapeutics
• Tecovirimat
• Brincidofovir
• Cidofovir

Based on the route of administration type, the market is segmented into the following:
• Oral
• Injectable

Based on the distribution channel, the market is segmented into the following:
• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the Monkeypox Treatment market report are Bavarian Nordic (Denmark), SIGA Technologies (U.S.), Chimerix (U.S.), BioFactura, Inc. (U.S.), Tonix Pharmaceuticals Holding Corp. (U.S.), SymBio Pharmaceuticals Limited (Japan), Gilead Sciences, Inc. (U.S.), Aspen Holdings (South Africa), Emcure Pharmaceuticals (India), Baxter (U.S.), Grifols S.A. (Spain), EMERGENT (U.S.), and Hetero (India).

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This release was published on openPR.