Respiratory Syncytial Virus Treatment Market Will Surpass $2.3 Bn by 2024

Friday 8 April 2016, Amsterdam

Market Research Report Press Release The global Respiratory Syncytial Virus (RSV) treatment market will expand to unprecedented levels over the next decade, rising from approximately $640 million in 2014 to over $2.3 billion by 2024, representing an impressive Compound Annual Growth Rate (CAGR) of 29.9%.

According to the company’s latest report*, this robust growth, which will occur across the seven Major Markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, will be driven by multiple new product launches in the currently sparse RSV arena.

Christopher J. Pace, Ph.D., states that Synagis (palivizumab) is the only licensed product indicated for the prevention of RSV in infants at a high risk of severe infection, and there are no prophylactic agents approved for adults.

Pace explains: “Despite Synagis being effective in many patients, its short half-life and prohibitively high cost limit its utility.

“However, the anticipated launches of novel prophylactic monoclonal antibodies (mAbs) led by MedImmune’s MEDI8897 and Regeneron’s REGN2222, have provided hope for more cost-effective alternatives to Synagis. The key player expects these pipeline agents will be important players in the RSV space across the 7MM by 2024.”

In addition, the anticipated licensure of the first adult vaccine to offer protection against RSV, Novavax’s RSV-F Vaccine, will also stimulate rapid growth in a previously untapped segment of the RSV marketplace, with elderly patients, especially those living in nursing homes, driving the uptake of this vaccine.

Pace continues: “These new products come at a time when RSV presents a growing socioeconomic and public health burden. New game-changing agents will be enthusiastically welcomed, particularly as healthcare stakeholders are becoming increasingly open to novel interventions that may provide indirect cost-savings by shortening, or even outright preventing, hospital stays.

“Despite the RSV treatment market’s promising prospects, there will be formidable logistical and financial hurdles to overcome in order to successfully assimilate novel RSV vaccines into existing immunization program infrastructure. However, such barriers will not hinder exciting market growth to 2024.”

*OpportunityAnalyzer: Respiratory Syncytial Virus (RSV) - Opportunity Analysis and Forecasts to 2024

This report provides analysis of the Respiratory Syncytial Virus (RSV) treatment space across the seven Major Markets (7MM) of the US, France, Germany, Italy, Spain, the UK, and Japan, including annualized market data from 2014 and forecast to 2024. It discusses current treatment options, unmet needs and opportunities, and the drivers and barriers affecting RSV product sales in the 7MM.
OpportunityAnalyzer: Respiratory Syncytial Virus (RSV) - Opportunity Analysis and Forecasts to 2024

OpportunityAnalyzer: Respiratory Syncytial Virus (RSV) - Opportunity Analysis and Forecasts to 2024

Publish date : January 2016
Report code : ASDR-267375
Pages : 289

ASDReports.com Media contact: S. Koopman - Marketing and Communications

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