The cytomegalovirus treatment market currently stands at US$228.8 million in 2022. Rising at a CAGR of 6.1% (2022-2028), the demand for cytomegalovirus treatment is expected to reach a market valuation of US$326 million end of 2028
The pool of patients affected by cytomegalovirus is constantly increasing, which requires the adoption of effective treatment methods and therapies. According to a revelation from MedlinePlus, between 50% and 80% of adults in the United States have suffered from cytomegalovirus by the age of 40.
The statistics as such demonstrate increased adoption of cytomegalovirus treatment products and procedures in the future, creating sustainable opportunities for manufacturers to reap significant revenue.
Hospital pharmacies remain a highly lucrative channel for manufacturers with notable ROI benefits
According to the report, congenital CMV infection sees significant demand for cytomegalovirus treatment, with global sales expected to exceed US$65.5 million in 2019. Hospital pharmacies are likely to lead product sales and treatment procedures against cytomegalovirus, thanks to reliable offers at reasonable costs. .
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Knowledgeable, modern patients are looking for a combination of efficiency and convenience, making e-commerce a rapidly growing distribution channel for manufacturers to bring their offerings to market.
According to the report, the high cost of cytomegalovirus treatment procedures remains a key factor hindering adoption and discouraging market growth potential. In addition to high prices, side effects associated with cytomegalovirus treatment products and procedures undermine end-user confidence.
Some of the common side effects associated with cytomegalovirus treatment products and procedures include neutropenia, nausea, thrombocytopenia, hematologic toxicity, kidney dysfunction, etc.
Cytomegalovirus Treatment market manufacturers are focusing on new developments, resulting in improved products with enhanced features. The market players are also focusing on the availability of the products in different dimensions for the increased convenience of the end users.
The cytomegalovirus treatment market is witnessing a series of strategic partnerships, acquisitions, and mergers, which allow manufacturing companies to come up with viable offerings by combining their production expertise. For example, Johnson & Johnson completed the acquisition of Ci:z Holdings Co., Ltd. in 2019 to expand its exclusive portfolio of science-based dermocosmetic beauty products.
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Key segments of the Cytomegalovirus Treatment industry survey
Cytomegalovirus Treatment Market by Drug Type:
- Valganciclovir for the treatment of cytomegalovirus
- Ganciclovir for the treatment of cytomegalovirus
- Cidofovir for the treatment of cytomegalovirus
- Foscarnet for the treatment of cytomegalovirus
Cytomegalovirus Treatment Market By Application:
- Stem cell transplants
- Organ transplants
- Congenital CMV infections
Cytomegalovirus Treatment Market by Distribution Channel:
- Hospital pharmacies
- Retail pharmacies
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Cytomegalovirus Treatment Market by Region:
- North America Cytomegalovirus Treatment Market
- Latin America Cytomegalovirus Treatment Market
- Europe Cytomegalovirus Treatment Market
- East Asia Cytomegalovirus Treatment Market
- South Asia and Pacific Cytomegalovirus Treatment Market
- Middle East and Africa (MEA) Cytomegalovirus Treatment Market
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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