The cytomegalovirus treatment market is expected to proliferate at a CAGR of over 6% through 2028.

the cytomegalovirus treatment market is poised to grow at an impressive annual rate of more than 5.5% in 2019, according to the latest IMF study. A cohort of macro factors, including the rapid adoption of innovative treatment procedures and burgeoning healthcare investments, bode well for the widespread adoption of cytomegalovirus treatment. This information is drawn from the latest IMF research study which gives a good outlook for the global cytomegalovirus market in 2019 and beyond.

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.

To stay ahead of your competition, request a sample –

According to the IMF report, demand for valganciclovir drug continues to be buoyant due to effective results if taken at regular intervals, with global sales expected to exceed US$55.5 million in 2019. , valganciclovir is less time-consuming and affordable, which further adds to its popularity in the field of cytomegalovirus treatment.

“The drug development framework for the treatment of cytomegalovirus continues to be progressive, providing ample scope for the development of new products and procedures. Many clinical trials are underway for the treatment of cytomegalovirus around the world, led by important regions such as Europe and North America. The late-stage pipeline includes exceptional drugs that are expected to enter the market. This, in turn, is likely to create a favorable scenario for the cytomegalovirus treatment market over the forecast period,” the IMF report states.

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. . 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.

The IMF report describes the main opportunities in the cytomegalovirus treatment market for the forecast period of 2018 to 2028. According to the report, the cytomegalovirus treatment market is expected to proliferate at a CAGR of over 6% through 2028.

key segment

Based on drug type

  • ganciclovir
  • valganciclovir
  • Foscarnet
  • cidofovir
  • other

Get a report tailored to meet your needs, ask a market research expert –

Based on demand

  • transplantation
  • Organ transplant
  • congenital CMV infection
  • others

Based on distribution channel

  • hospital pharmacies
  • retail pharmacies
  • e-commerce

Based on regions

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific including Japan
  • China
  • MEA.

About Future Market Insights (IMF)
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.

Source link

About Chris Y. Camp

Check Also

George Michael paid for stranger’s ‘miracle’ IVF treatment

George Michael paid for the IVF treatment of a stranger, we learned. The music icon …