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Respiratory Syncytial Virus (RSV) Therapeutics Market Trends, Key Players, Detailed Analysis And Forecast To 2032
Respiratory Syncytial Virus (RSV) Therapeutics Market Analysis
The Business Research Company's Respiratory Syncytial Virus (RSV) Therapeutics Global Market Report 2023 identifies rise in the prevalence of RSV infection as the major driver for the respiratory syncytial virus (RSV) therapeutics market's growth in the forecast period. RSV is a prevalent respiratory illness that can result in mild to severe respiratory infections, especially in newborns, young children, elderly adults, and people with compromised immune systems. Increasing RSV infections prompt the development of innovative treatments to address the rising need and mitigate the severity of RSV-related complications.
The global respiratory syncytial virus (RSV) therapeutics market is expected to grow from $1.02 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 25.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The respiratory syncytial virus (RSV) therapeutics market is expected to reach $3.02 billion in 2027 at a CAGR of 24.1%.
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Major competitors in the respiratory syncytial virus (RSV) therapeutics market are Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., AstraZeneca PLC, Abbott Laboratories, GlaxoSmithKline plc.
A key trend in the respiratory syncytial virus (RSV) therapeutics market includes developing new drugs and vaccines with better efficacy. Major companies operating in the respiratory syncytial virus (RSV) therapeutics market are focused on developing new drugs and vaccines to sustain their position in the market. For instance, in May 2023, Pfizer Inc., a US-based pharmaceutical manufacturing company, received approval from the Food and Drug Administration, a US-based federal agency responsible for protecting and promoting public health, for ABRYSVO. The bivalent RSV prefusion F (RSVpreF) vaccine ABRYSVO (Respiratory Syncytial Virus Vaccine) is administered to prevent lower respiratory tract sickness caused by RSV in people 60 and older. ABRYSVO is an unadjuvanted vaccine made up of a pair of preF proteins tailored to maximize immunity to RSV A and B varieties, and it has been clinically proven to be safe and productive.
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The respiratory syncytial virus (RSV) therapeutics market is segmented -
1) By Drug: Palivizumab, Ribavirin, Other Drugs
2) By Treatment: Immune Prophylaxis, Supportive Care, Antiviral Medications
3) By Dosage Form: Oral, Injectable, Other Dosage Forms
4) By Patient Type: Pediatrics, Adults
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the respiratory syncytial virus (RSV) therapeutics market.
The Business Research Company's "Global Respiratory Syncytial Virus (RSV) Therapeutics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Respiratory Syncytial Virus (RSV) Therapeutics Market Include:
1. Executive Summary
2. Respiratory Syncytial Virus (RSV) Therapeutics Market Characteristics
3. Respiratory Syncytial Virus (RSV) Therapeutics Market Trends And Strategies
4. Respiratory Syncytial Virus (RSV) Therapeutics Market - Macro Economic Scenario
…….
32. Global Respiratory Syncytial Virus (RSV) Therapeutics Market Competitive Benchmarking
33. Global Respiratory Syncytial Virus (RSV) Therapeutics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Respiratory Syncytial Virus (RSV) Therapeutics Market
35. Respiratory Syncytial Virus (RSV) Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
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