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Emerging Trends to Reshape the Monkey Pox Treatment Market: Advancements In Virtual Care For Monkeypox Treatment as a Key Influencer
Monkey Pox Treatment
Monkey Pox Treatment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for monkey pox treatment has been expanding swiftly. The market is projected to enlarge from $0.09 billion in 2024 to $0.1 billion in 2025, at a compound annual growth rate (CAGR) of 13.6%. The growth experienced in the historical period is due to factors such as outbreaks in regions where the disease is endemic, awareness about zoonotic transmission, the legacy of smallpox eradication, public health drives, and the appearance of human cases.
Monkey Pox Treatment Market Size Forecast: What's the Projected Valuation by 2029?
Over the next several years, the market size of Monkey Pox treatment is predicted to experience substantial expansion, with projected growth to $0.17 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 13.3%. This surge during the forecast period can be linked to factors such as globalization and travel, government backing and financial aid, investment in biotech and pharmaceutical industries, public health monitoring, and regulatory authorization. The forecast period is expected to witness major trends including the development of antiviral drugs, the application of smallpox vaccines, monoclonal antibodies, combination therapies, and research into long-lasting immunity.
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What Are the Drivers Transforming the Monkey Pox Treatment Market?
The escalating instances of zoonotic infection are projected to stimulate the advancement of the monkeypox treatment market in the future. Zoonotic infections are illnesses transmitted from animals to humans through direct touch with infected surroundings or carriers. Enhanced human-animal interactions, creating more intimate contact between people and animals, heighten the risk of zoonotic infection. Furthermore, climate change aggravates this risk by extending the range of disease vectors and introducing pathogens into new regions. Monkeypox treatments are employed to regulate zoonotic mpox by attacking the virus and alleviating symptoms in possibly infected humans and animals alike. For example, a report by the UK Health Security Agency, a governmental organization in the UK, revealed in August 2024 that there were 3,732 confirmed mpox cases in the UK, an increase from 3753 cases in 2023 by 21 additional cases. Consequently, the heightened prevalence of zoonotic infection propels the growth of the monkeypox treatment market.
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What Long-Term Trends Will Define the Future of the Monkey Pox Treatment Market?
Prominent corporations in the monkeypox treatment market are turning their attention to remote monitoring and teletherapy solutions such as virtual care to enhance approachability, simplify patient care, and advance overall therapy results. Virtual care for monkeypox lays the groundwork for remote medical discussions, symptom assessment, and management plans for those at risk or infected, thus promoting care accessibility and minimizing the requisite for physical appointments. For example, in August 2022, Folx Health, a US-based medical corporation, unveiled Monkeypox Care, a virtual primary care service catering to those at risk of or dealing with monkeypox. It employs an all-encompassing method encompassing education, guidance, symptom analysis, and referrals. This initiative is designed to penetrate regions known as care deserts- areas with restricted healthcare access, thereby ensuring high-quality information and referrals are universally accessible, irrespective of geographical location.
Which Segments in the Monkey Pox Treatment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Monkey Pox Treatment Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Monkey Pox Treatment Market?
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.
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