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Respiratory Syncytial Virus Therapeutics Market Trends

Report ID: GMI9184
Published Date: Apr 2024
Report Format: PDF

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Respiratory Syncytial Virus Therapeutics Market Trends

There is a growing demand for personalized and telemedicine in the RSV therapeutics market, aiming to tailor treatment regimens to individual patient characteristics and disease severity. Advances in genomic medicine and biomarker discovery enable personalized approaches to RSV treatment, optimizing therapeutic outcomes, and minimizing adverse effects, thus propelling the market’s growth.
Moreover, technological innovations in novel drug delivery systems, such as novel formulations, inhalation devices, and sustained-release formulations, are enhancing the efficacy and convenience of RSV therapeutics. These innovations improve patient compliance, optimize drug delivery to target tissues, and enhance the overall patient experience.
Furthermore, there is a growing recognition of the importance of patient-centered care in the RSV therapeutics market. Pharmaceutical companies and healthcare providers are adopting a patient-centric approach, focusing on improving patient outcomes, enhancing treatment adherence, and addressing the holistic needs of patients and their caregivers. Hence, the aforementioned factors are expected to drive the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for respiratory syncytial virus therapeutics was USD 5.8 billion in 2023 and is expected to register 12.8% CAGR from 2024-2032 owing to the ongoing advancements in treatment, rising disease burden, growing aging population, and increased early childhood healthcare worldwide.

Respiratory syncytial virus therapeutics industry from the palivizumab segment recorded USD 3.3 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its high efficacy in preventing severe RSV infections in high-risk populations.

North America industry is expected to register 12.7% CAGR from 2024-2032 due to the presence of advanced healthcare infrastructure, including well-equipped hospitals, healthcare facilities, and research institutions in the region.

AbbVie Inc., AstraZeneca PLC, Bausch Health Companies Inc., Gilead Sciences, GSK plc, Johnson & Johnson, Medivir AB, Merck & Co., Inc, Pfizer Inc., and Sanofi, are some of the major respiratory syncytial virus therapeutics companies worldwide.