Cytomegalovirus Infection (CMV) Treatment Market: Introduction
- Cytomegalovirus (CMV) infection is a herpes simplex virus infection with numerous symptoms that are observed in people of all ages across the world. This viral infection is communicable and spreads via body fluids including blood, urine, saliva, semen, and breast milk. The people infected with the cytomegalovirus (CMV) may have the virus in their saliva or urine for months. The infection could also be transmitted from pregnant women to their baby during delivery. Blood transfusion and infected organ transplant are the secondary mode of disease transmission.
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- The infection could be detected by serological testing methods including Enzyme-linked immunoassay test. Most cases of cytomegalovirus (CMV) go undiagnosed in the early stage of infection; hence, awareness about the infection is a key factor. According to the Centers for Disease Control and Prevention (CDC), in the U.S., around 150 infants are born with cytomegalovirus infections every year and a few of them have long-term health issues.
- The cytomegalovirus Infection (CMV) treatment market can be segmented based on infection type, drug type, distribution channels application, and region. Based on drug type, the market can be categorized into Cidofovir, Foscarnet, Valganciclovir, and Ganciclovir. Based on application, the market can be split into stem cell transplantation, congenital CMV infection, organ transplantation & other applications. In terms of distribution channel, the cytomegalovirus infection (CMV) treatment market can be classified into hospital pharmacies, retail pharmacies, and ecommerce. Based on infection type, the market can be segregated into retinitis, encephalitis, gastrointestinal ulcers, pneumonia, and others.
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Opportunities of Global Cytomegalovirus Infection (CMV) Treatment Market
- Increase in cases of cytomegalovirus retinitis and congenital CMV infection, increasing initiatives for creating awareness regarding treatments and diagnosis of these diseases, and increasing clinical trial intervention for the development of novel drugs are key factors that are likely to fuel the market
- Additionally, rising cases of viral infections among AIDS patients owing to the weakening of immune systems is anticipated to propel the demand for cytomegalovirus drugs. For instance, according to data published by the CDC, approximately 36.7 million people were living with HIV infection in 2017. The wide availability of antiviral drugs to cure this ailment is anticipated to boosts the demand for efficient treatment solutions.
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- The market is likely to witness patent expiry of numerous drugs during the forecast period. The expiry of patents resulted in the development of generic drugs, which have the same drug constitution as the branded drugs; however, they are available at lower prices. Additionally, physicians also prescribe these drugs to patients, as these are cost-effective. Furthermore, a positive reimbursement scenario that includes the diagnosis and treatments of targeted disorders is projected to further propel the market. However, adverse effects and risks associated with cytomegalovirus drugs may hamper the cytomegalovirus (CMV) treatment market.
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North America to Capture Major Share of Global Cytomegalovirus Infection (CMV) Treatment Market
- North America is anticipated to hold a major share in the global market during the forecast period. Strong regulatory scenario to promote cellular therapy development, higher cost of treatment in the U.S., and availability of various major biotechnology companies are fueling the market in the region. The U.S. is a leading country in research as opposed to other countries due to the exceptional research quality, significant government funding, and rising research in the area.
- The market in Asia Pacific is estimated to expand at a considerable growth rate during the forecast period. Increasing investments by developers and consumers in educating themselves about advanced medicinal therapies is anticipated to propel the market in emerging economies of the region. Additionally, the large patient pool is anticipated to further boost the global cytomegalovirus infection (CMV) treatment market.
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Key Players Operating in Global Cytomegalovirus Infection (CMV) Treatment Market
The global cytomegalovirus infection (CMV) treatment market is highly fragmented, with the presence of various key players. A large number of manufacturers hold a major share in their respective regions.
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