Press release
Growing Demand for Targeted Viral Conjunctivitis Drugs Compels Drugmakers to Formulate Aggressive Research Strategies, observes TMR
The growing demand for targeted drugs for the treatment of viral conjunctivitis has compelled drugmakers to undertake aggressive research strategies to develop efficient therapies alongside developing quick, accurate, as well as affordable viral conjunctivitis detection tests. As there is no drug available for the treatment of viral conjunctivitis in the global market at present, companies need to power up their commercialization activities through agreements and partnerships with major ophthalmic drug manufacturers in order to expand their product portfolios, Transparency Market Research observes in a new study.“In the coming years, a candidate with a wide range of activity but less toxicity and irritation properties will dominate the global market for viral conjunctivitis pipeline drugs,” says a TMR analyst. Leading drugmakers operating in this market would need to focus on the development of new products as well as up-gradation of existing products at reasonable costs. Startups would also need to develop innovative products with substantial benefits in comparison to existing pipeline drugs.
Unmet Needs Driving Demand for Targeted Drugs
A thumping growth has been witnessed in the incidence of infections across the world. Cases of viral conjunctivitis account for a substantial share of it. Approximately 6 million people get affected by acute conjunctivitis every year. Brazil, Japan, and several countries in Europe have also been reporting a high prevalence of viral conjunctivitis over the past few years.
However, despite such a large pool of patients, there is a huge shortage of efficient drugs for its treatment. These large unmet needs are driving the demand for targeted drugs for viral conjunctivitis, strengthening its therapeutic pipeline. At present, there are no drugs in the late-stage pipeline. The key pipeline drugs, FST-100 and APD-209, are in the second phase of clinical trials. Other drugs are still in the preclinical trials stage.
Get a Free Sample Report:
http://tinyurl.com/gl3vf3q
Availability of Conjunctivitis Detection Tests Backs U.S. Potential as Most Promising Market
TMR estimates the global viral conjunctivitis pipeline drugs market to expand at an exponential CAGR of 69.60% between 2020 and 2023. During this period, the market opportunity is likely to increase up to US$462.4 mn. The U.S. is emerging as the most promising market for viral conjunctivitis therapeutics. The availability of efficient conjunctivitis detection tests such as AdenoPlus, relatively higher cost of medicines than other economies, increasing awareness about the harmful effects of improper consumption of antibiotic, and high expenditure on healthcare are drawing heavy investments from drugmakers, increasing the development of new drugs.
Estimations of analysts indicate that the opportunity in the U.S. market for viral conjunctivitis pipeline drugs will reach US$91.1 mn by 2020 and US$286.4 mn. Besides, the imminent launch of FST-100 in Brazil is projected to strengthen the Brazil market for viral conjunctivitis pipeline drugs in the near future and get it at the second position in the global market by 2020. The U.K. and Germany are likely to follow closely.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
90 State Street, Suite 700 Albany, NY 12207
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Demand for Targeted Viral Conjunctivitis Drugs Compels Drugmakers to Formulate Aggressive Research Strategies, observes TMR here
News-ID: 348591 • Views: …
More Releases from TMR Market Research
Metrology Services Market to Expand at 8.2% CAGR from 2012 to 2018, Burgeoning A …
Metrology services involve providing talented metrologists and reliable instrumentation and software to original equipment manufacturers. A good service provider not only brings equipment to its clients, but also extends repair and calibration services, equipment rental, automation and systems integration of measurement equipment, training, tool design, and more.
According to the report, the high adoption rate of computer-aided design (CAD) and computer-aided manufacturing (CAM) and statutes for international quality standards are the…
Global Failure Analysis Equipment Market to Expand at 8.8% CAGR, Rapid Progressi …
Failure analysis equipment is used to determine anomalies in the functioning of various processes and systems across manufacturing, biotechnology, service, and other industries. The equipment is used to detect the reasons of breakdowns or errors at a preliminary stage, which can help accrue considerable savings over time.
The report states that rapid progression in nanotechnology, combined with the development of the medical sector in Asia Pacific, are the foremost reasons driving…
Global Electric Motors Market Looks to Expansion of Automotive Sector, Set to Ri …
The competitive landscape of the global electric motors market includes players such as Baldor Electric Company Inc., Johnson Electric Holdings Ltd., Danaher Motion LLC, Ametek Inc., Siemens AG, Allied Motion Technologies Inc., Brook Crompton UK Ltd., and Franklin Electric Co. Inc. The market is highly fragmented with a number of international and domestic players trying to expand their businesses. This has restricted the established international brands from entering into new…
User Preference for Improved Smart Devices Spurs Embedded Systems Manufacture Ra …
The leaders in the global embedded microcontroller systems market in 2014 were Renesas Electronics Corporation, Freescale Semiconductor, and Samsung Electronics Corporation. The three held a collective share of 54.8% of the market value in 2014.
As for embedded microprocessor systems, Intel Corporation, Qualcomm, Samsung Electronics, and Advanced Microdevices had collectively held a share 92% in terms of value in 2014.
Download PDF for Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=995
According to a new publication…
More Releases for Brazil
Brazil Clinical Trials Market ANVISA Brazil Guidelines Brazil Clinical Trials Re …
Brazil Cancer Drugs Clinical Trials Insight 2024 Report Offering:
• Brazil Clinical Trials Market Opportunity 2024 and 2030 (In US$ Billion)
• Clinical Trials Regulatory Framework In Brazil
• Total Number of Cancer Drugs In Clinical Trials In Brazil
• Total Number Of Cancer Drugs Approved In Brazil
• 400 Pages Clinical Trials Insight On All Cancer Drugs In Clinical Trials By Company, Indication and Phase
• 80 Pages Clinical Insight On All Cancer Drugs Approved in Market By Company and Indication
• Insight…
South East Brazil growing with major share in the Brazil Professional Hair Care …
In the Report “Brazil Professional Hair Care Market: By Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & By Company - (2018-2023)“ published by IndustryARC, the market is driven by the growing awareness of special functionalities of products, boosting the sales of treatment and hair conditioning market.
South East Brazil growing with major share in the Brazil Professional Hair Care Market
The Northern…
ATM Machine Market is Booming (18% CAGR)| NCR Brazil, Diebold Brazil, Wincor Nix …
HTF MI recently introduced ATM Machine Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Itautec S/A, NCR Brazil, Diebold Brazil, Wincor Nixdorf Brazil,…
Brazil: Country Intelligence Report 2018 By Claro, Sky Brazil, Oi, Vivo, TIM Bra …
"Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends. …
Agrochemicals Market in Brazil
ReportsWorldwide has announced the addition of a new report title Brazil: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports.
The report “Brazil: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A…
ATM Machine Market in Brazil 2015-2019: Competitive analysis of key vendors, inc …
Albany, NY, Feb 23, 2017: This report segments the ATM machine market in Brazil by revenue generated and the unit shipment. It also includes the competitive analysis of key vendors, including Itautec S/A, NCR Brazil, Diebold Brazil and Wincor Nixdorf Brazil.
Market scope of the ATM machine market in Brazil
Technavios market research analyst predict that the ATM machine market in Brazil will continue to grow at CAGR of 18.72%. The key…