Cytomegalovirus Treatment Market currently stands at US$ 228.8 Million in 2022
The cytomegalovirus treatment market currently stands at US$ 228.8 Mn in 2022. Rising at a CAGR of 6.1% (2022-2028), demand for cytomegalovirus treatment is predicted to reach a market valuation of US$ 326 Mn by the end of 2028
Patient pool affected by cytomegalovirus is on a consistent rise, necessitating adoption of effective treatment methods and therapies. As per a revelation by the MedlinePlus, between 50 percent and 80 percent of adults in the US have suffered from cytomegalovirus by the age of 40.
Statistics as such demonstrate augmented adoption of cytomegalovirus treatment products and procedures in the future, creating sustained opportunities for the manufacturers to reap sizeable revenues.
Hospital Pharmacies Remain Highly Lucrative Channel for Manufacturers with Notable ROI Benefits
As per the report, congenital CMV infection registers substantial demand for cytomegalovirus treatment, with global sales expected to surpass over US$ 65.5 Mn in 2019. Hospital pharmacies are likely to steer sales of cytomegalovirus treatment products and procedures, owing to reliable offerings at reasonable costs.
The well-informed and modern patients seek a combination of efficiency with convenience, which is making e-commerce a rapidly growing distribution channel for manufacturers to commercialize their offerings.
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As per the report, high cost of cytomegalovirus treatment procedures remains a key factor hampering adoption and deterring market’s growth potential. Along with high prices, associated side effects of cytomegalovirus treatment products and procedures are denting end-user confidence.
Some of the prevalent side effects associated with cytomegalovirus treatment products and procedures include neutropenia, nausea, thrombocytopenia, hematological toxicity, renal dysfunction, and so on.
Manufacturers in the cytomegalovirus treatment market are focusing on novel developments, resulting in upgraded products with ameliorated functionalities. The market players are also focusing on product availability in varying size dimensions for increased convenience of end-users.
The cytomegalovirus treatment market is witnessing a series of strategic partnerships, acquisitions, and mergers, which enables the manufacturing companies to offer viable offerings by combining their production expertise. For instance, Johnson & Johnson completed the acquisition of Ci:z Holdings Co., Ltd. in 2019 for expanding its exclusive portfolio of science-based dermocosmetic beauty products.
Key Segments Of Cytomegalovirus Treatment Industry Survey
Cytomegalovirus Treatment Market by Drug Type:
- Valganciclovir for Cytomegalovirus Treatment
- Ganciclovir for Cytomegalovirus Treatment
- Cidofovir for Cytomegalovirus Treatment
- Foscarnet for Cytomegalovirus Treatment
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Cytomegalovirus Treatment Market by Application:
- Stem Cell Transplantations
- Organ Transplantations
- Congenital CMV Infections
Cytomegalovirus Treatment Market by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
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 & Pacific Cytomegalovirus Treatment Market
- Middle East & Africa (MEA) Cytomegalovirus Treatment Market
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the 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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