Cytomegalovirus Treatment Market to Offer Promising Opportunities to New Players as Demand for Efficient Drugs Increases
SummaryCytomegalovirus treatment market, primarily based on off-label drugs prescription, is expected to grow rapidly in the coming years. Untapped opportunities for new companies to develop a technology solely for cytomegalovirus treatment spotted
A new study by the company, titled ' Cytomegalovirus Treatment Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,' points out the key structural outlook for the cytomegalovirus treatment market. A large number of people are infected by Cytomegalovirus (CMV) virus during their life course, mostly in indications that are invasively treated like organ transplantation and stem cell transplantation. The virus is found active post treatment or later stages of any other treatment like mentioned before. Cytomegaloviruses are among the most prevalent viral infections present on a global level. Transmission of such cytomegalovirus occurs via direct contact with the infected person or infected secretions. Cytomegalovirus treatment requires drug in correct stage of activation of the virus. The presence of this virus is very common, but the activation requires different mediums and time of breeding. There are many indications related to cytomegalovirus conditions like organ transplantation, AIDS, congenital CMV and most recent stem cell transplantations
Infants can get infected by this cytomegalovirus in utero. A major portion of prevalent population comes out to be infants, congenital cytomegalovirus estimates to account for a great number of cases which is mostly observed in developed countries like the U.S. Being asymptomatic at birth it is likely ignored for having a cytomegalovirus treatment and cause some serious health issues. Cytomegalovirus is responsible for a number health disorders in infants like hearing disorders, seizures, rashes and SNHL
The market for cytomegalovirus treatment is primarily based on off-label drugs prescription. As the condition is either treated by some therapeutic relief or preventive measures before its activation in blood cells. There are some major drug types that are being used for cytomegalovirus treatment, though primarily antiviral drug class is used for such condition. Valcyte (Valganciclovir hydrochloride) manufactured by Roche is one of the rare branded drugs available for cytomegalovirus treatment. Aside from such medications most of the cytomegalovirus treatment market is driven by generic drugs such as foscarnet and ganciclovir. CMV-IG, is a biologic which is available in the US market since 1992. And most of the drug including valacyclovir and acyclovir are used off-label for cytomegalovirus treatment. A dynamic nature of drug approval process can also limit some drugs which are expected to provide good revenue share to the cytomegalovirus treatment market.
The market for cytomegalovirus treatment hence leaves a greater untapped opportunities for manufacturers to a come with a technology solely for cytomegalovirus condition. It would not only assure a good fortune turn for the company but would also drastically effect the cytomegalovirus treatment market.
The development present for cytomegalovirus treatment is progressive, with many molecules in various stages of clinical development. There are more than 350 clinical trials being performed for cytomegalovirus treatment all around the globe. Europe and North America accounts for the highest number of registered clinical trials for cytomegalovirus treatment. Late-stage pipeline consists of exceptional drugs which are expected to enter the market within the forecast period and is presumed to have a positive outlook in the global cytomegalovirus treatment market.
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The global cytomegalovirus treatment market revenue is inclined towards the developed regions of North America and parts of Latin America. With rise in awareness for cytomegalovirus treatment, and increase in number of parallel combinations, the cytomegalovirus treatment market is estimated to rise with a positive CAGR over the period of forecast. Greater number of drugs for cytomegalovirus treatment are in pipeline phase. And in coming few years the number of sole drugs for cytomegalovirus treatment is going to rise, presently the trend is towards adopting off-label drugs. Key companies analyzed for cytomegalovirus treatment market which provides a selection of drugs include Merck & Co. Inc., Mylan N.V., Chimerix, Inc., Thermo Fisher Scientific, Abbott, Becton, Dickinson and Company, Johnson & Johnson, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd and Pfizer