The global Cytomegalovirus Treatment Market is expected to generate US$ 228.8 million in revenue by 2022. Demand for cytomegalovirus therapy is expected to reach a market worth US$ 326 Million by the end of 2028, growing at a CAGR of 6.1% (2022-2028).
The treatment of cytomegalovirus accounts for 0.8% of the worldwide infectious illness diagnostics market value. Increased viral infections and increased knowledge of CMV symptoms are likely to drive global demand for cytomegalovirus therapy.
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.
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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.
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.
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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 Companies Profiled:
- Chimerix Inc.
- Thermo Fisher Scientific
- Abbot
- Becton Dickinson and Company
- Pfizer Inc.
- Merck & Company Inc.
- Mylan N.V.
- Johnson & Johnson
- Bio-Rad Laboratories Inc.
- F. Hoffmann-La Roche Ltd.
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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
- Others
Cytomegalovirus Treatment Market by Application:
- Stem Cell Transplantations
- Organ Transplantations
- Congenital CMV Infections
- Others
Cytomegalovirus Treatment Market by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- e-Commerce
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