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Monkey Pox Treatment Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Monkey Pox Treatment Market
The market size for monkey pox treatment has experienced a fast-paced expansion in the past few years. The market is projected to escalate from $0.09 billion in 2024 to $0.1 billion in 2025, showing a compound annual growth rate (CAGR) of 13.6%. This significant rise during the historical period is due to factors such as epidemics in endemic regions, increased awareness about zoonotic transmission, the legacy of smallpox eradication, public health campaigns, and the appearance of cases in humans.
The market size of monkey pox treatment is anticipated to experience a swift expansion in the upcoming years. It is projected to reach $0.17 billion by 2029, with a compound annual growth rate (CAGR) of 13.3%. This expected growth during the forecast period is linked to factors such as globalization and travel, government aid and support, investments from the biotech and pharmaceutical sectors, public health monitoring, and regulatory approvals. Key trends towards this growth during the forecast period encompass development of antiviral drugs, utilization of smallpox vaccines, monoclonal antibodies, combined treatment methods, and research into prolonged immunity.
What Key Elements Are Boosting Growth in the Monkey Pox Treatment Market?
The monkeypox treatment market is predicted to expand due to the rising occurrence of zoonotic infections. Zoonotic infections are illnesses that transmit from animals to humans through direct contact with infected environments or carriers. The increased coexistence between humans and animals heightens the possibility of these infections. Climate change further intensifies this risk by amplifying the boundaries of disease vectors and introducing pathogens to previously untouched regions. Monkeypox treatments aim to curtail this zoonotic disease by attacking the virus and easing symptoms in humans and possibly affected animals. For instance, a UK Health Security Agency report in August 2024 indicated that there were 3,732 confirmed monkeypox cases in the UK, which was elevated from 3753 cases in 2023 by an additional 21. Consequently, the escalating frequency of zoonotic infections propels the monkeypox treatment market.
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Which Businesses Are at the Forefront of Monkey Pox Treatment Market Development?
Major companies operating in the monkey pox treatment market are Roche Holding AG, Merck & Co. Inc., Sanofi S.A., Gilead Sciences Inc., BioNTech SE, Moderna Inc., Quest Diagnostics Incorporated, Novavax Inc., Laboratory Corporation of America Holdings, Emergent BioSolutions Inc., Bavarian Nordic A/S, Aegis Sciences Corporation, Daan Gene Co. Ltd., Sansure Biotech Inc., SIGA Technologies Inc., Elabscience Biotechnology Inc., Mayo Clinic Laboratories, Tonix Pharmaceuticals Holding Corp., Altona Diagnostics GmbH, Lansion Biotechnology Co. Ltd., Goldsite Diagnostics Inc., Chimerix Inc., Emcure Pharmaceuticals Ltd., VBI Vaccines Inc
What Are the Latest Innovations in the Monkey Pox Treatment Market?
Leading firms in the monkeypox treatment market are concentrating their efforts on remote monitoring and teletherapy mediums like virtual care, aiming to boost accessibility, streamline patient care, and improve overall results. Remote consultations, assessment of symptoms, and management approaches are all provided for those at risk or already infected via virtual care for monkeypox treatment, ensuring access to care while minimizing the need for in-person appointments. For illustration, in August 2022, US-based healthcare corporation, Folx Health, launched a service named Monkeypox Care that offers online primary care to those vulnerable to or affected by monkeypox. This initiative incorporates education, advice, symptom assessment, and referrals into a holistic strategy. It is intended to cater to individuals residing in care deserts-regions with scarce healthcare availability, making sure that everyone has access to quality information and referrals, regardless of their geographical location.
How Is the Monkey Pox Treatment Market Segmented?
The monkey pox treatment market covered in this report is segmented -
1) By Treatment Type: Prophylactic Vaccines, Therapeutics
2) By Dosage Forms: Solid, Liquid, Semi Solid
3) By Route Of Administration: Oral, Topical, Parenteral
4) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Pharmacies
Subsegments:
1) By Prophylactic Vaccines: Vaccinia-Based Vaccines, Modified Vaccinia Ankara (MVA) Vaccines, Other Vaccines (Recombinant Vaccines)
2) By Therapeutics: Antiviral Agents (Tecovirimat, Brincidofovir), Immune Modulators, Supportive Care Treatments
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Where Is the Monkey Pox Treatment Market Growth Most Prominent?
North America was the largest region in the monkey pox treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the monkey pox treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Monkey Pox Treatment Global Market Report?
- Market Size Analysis: Analyze the Monkey Pox Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Monkey Pox Treatment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Monkey Pox Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Monkey Pox Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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