The global Coxsackievirus Infections Treatment Market is currently worth US$ 5.5 billion in 2023 and is expected to grow at an 8.2% CAGR. Owing to the technological advances in healthcare the market is likely to propel to US$ 12.1 Billion by 2033.
Major factors driving the global coxsackievirus diagnostics market are increase in incidence of coxsackievirus infections, surge in awareness among the people, and rigorous government initiatives to reduce the incidence of these infections.
The increasing awareness regarding hand, foot and mouth disease treatment among people, availability of cost effective drugs in the market, and high prevalence of viral infection causing HFMD in children across the globe is expected to be the key factor driving growth of coxsackievirus infections treatment market.
The manufacturers are involved in the production of coxsackievirus infection treatment market in a larger capacity. Research and innovation are also conducted to launch innovative products for coxsackievirus infection therapeutics.
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North America dominates the coxsackievirus infections treatment market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.
Asia Pacific is projected to hold largest shares in the global coxsackievirus infection treatment market primarily due to growing prevalence of HFMD in children in APAC region coupled with Asia Pacific being the most vulnerable area for a number of outbreaks of EV71 HFMD.
Key Takeaways from the Market Study
- As of 2023, the coxsackievirus infection treatment market was valued at US$ 5.5 Billion
- From 2023 to 2033, the coxsackievirus infection treatment industry is poised to grow at an 8.2% CAGR
- By 2033, the coxsackievirus infection treatment market is slated to reach a valuation of US$ 12.1 Billion
- Based on the distribution channel, hospital pharmacy segment accounts for market share of 55% during the forecast period.
- China is poised to yield a CAGR of 7.6% with respect to coxsackievirus infection treatment in 2033
“Growing healthcare spending and growing focus on fast-track approvals for new and upcoming therapies to treat such infections are expected to radically transform the market in the coming years,” comments an analyst at FMI.
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Some of the key players present in the global coxsackievirus infections treatment markets are Adimmune Corp., CJ HealthCare Corp., Takeda Pharmaceutical Co Ltd., Shanghai Zerun Biotechnology Co Ltd., Chongqing Zhifei Biological Products Co Ltd., Johnson & Johnson Consumer Inc., GlaxoSmithKline plc., Emergex Vaccines Holdings Ltd, CJ HealthCare Corp., Thermo Fisher Scientific Inc., and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
- In January 2023, Thermo Fisher Scientific Inc. announced that it has completed its acquisition of The Binding Site Group a global leader in specialty diagnostics, from a shareholder group led by European private equity firm Nordic Capital.
- In October 2022, Emergex Vaccines Holding Limited a clinical stage biotechnology company addressing major global infectious diseases through the development of fully synthetic CD8+ T cell Adaptive Vaccines, announces that it has acquired the assets of Zosano Pharma Corporation.
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Key Segments Covered in the Coxsackievirus Infections Treatment Market Industry Survey
Coxsackievirus Infections Treatment Market by Drug Type:
- Nucleoside Analogue Antivirals
Coxsackievirus Infections Treatment Market by Route of Administration:
Coxsackievirus Infections Treatment Market by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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