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Avian Flu Treatment Market 2024: Global Outlook and Strategic Analysis
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According to The Business Research Company's, The avian flu treatment market size has grown strongly in recent years. It will grow from $11.52 billion in 2023 to $12.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased demand for avian flu treatment, rise in measures to prevent the spread of bird flu, increased availability of treatment options, increased investment for healthcare infrastructure, and increased demand for poultry for consumption.
The avian flu treatment market size is expected to see strong growth in the next few years. It will grow to $18.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to growing awareness and diagnosis, government initiatives for pandemic preparedness, rising research and development investments, the need for effective therapeutics against avian influenza, and extensive research and development efforts. Major trends in the forecast period include the development of novel therapeutic approaches, future innovation and technologies, collaborative research efforts, new business development, and investment opportunities, and telemedicine and remote consultation implementation.
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Market Drivers and Trends:
The growing awareness and diagnosis are expected to drive the growth of the avian flu treatment market going forward. Awareness is the recognition of a condition, while diagnosis is the identification of a specific issue based on that awareness. The demand for avian flu treatment arises from the urgent need to safeguard public health, prevent potential pandemics, and protect poultry populations from significant economic losses. Awareness and early diagnosis are crucial for effective avian flu treatment, enabling prompt intervention and containment to prevent spread. For instance, in April 2024, as per the World Health Organization (WHO), a Switzerland-based intergovernmental organization, more than 8000 people were under active surveillance in the US from February 9, 2022, to March 29, 2024, after being exposed to animals thought to be HPAI A (H5N1) virus-infected. Therefore, growing awareness and diagnosis are driving growth in the avian flu treatment market.
Major companies in the avian flu treatment market are focusing on creating partnerships to enhance efficacy and speed up the development of new treatments. Partnerships involve collaborations between pharmaceutical companies, research institutions, and government agencies to pool resources, share expertise, and conduct innovative clinical trials. For instance, in April 2024, CureVac N.V., a Germany-based biotechnology company, partnered with GSK plc, a UK-based pharmaceutical company, to create an investigative influenza A (H5N1) pre-pandemic vaccine candidate to address the potential future pandemic threat posed by the H5N1 avian influenza virus. This collaboration aims to evaluate the safety, reactogenicity, and immunogenicity of the monovalent vaccine candidate, which encodes an influenza A H5-antigen using CureVac's proprietary second-generation mRNA backbone. The combined Phase 1/2 study will assess the vaccine candidate's safety and effectiveness in healthy adults aged 18 to 64 as well as in older adults aged 65 to 85.
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Major Key Players of the Market:
Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline Plc, Gilead Sciences Inc., Baxter International Inc., CSL Limited, Moderna Inc., Cipla Ltd., Shionogi & Co. Ltd., Novavax Inc., Seqirus Pty Ltd., Sinovac Biotech Ltd., Emergent BioSolutions Inc., Dynavax Technologies Corporation, CureVac AG, Valneva SE, BioCryst Pharmaceuticals Inc., Siga Technologies Inc., Aridis Pharmaceuticals Inc., Inovio Pharmaceuticals Inc., Biolyse Pharma
Avian Flu Treatment Market 2024 Key Insights:
• The avian flu treatment market size is expected to see strong growth in the next few years. It will grow to $18.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Growing Awareness And Diagnosis Drive Avian Flu Treatment Market Growth
• Strategic Partnerships Drive Innovation In Avian Flu Treatment And Vaccine Development
• North America was the largest region in the avian flu treatment market in 2023
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