Industry Background:
According to the Center for Disease Control and Prevention (CDC), in the United States, each year around 150 infants are born with cytomegalovirus infections and few of them have long term health problems. Cytomegalovirus (CMV) infection is the common herpes virus infection which has different symptoms that occurs in all ages of people around the world. Cytomegalovirus (CMV) infection is a communicable and spread through the body fluids like urine, saliva, blood, breast milk and semen. The infection may spread fast from urine or saliva from people who are infected with CMV having virus in their bodily fluids. The disease can transmit from pregnant to baby during delivery. Organ transplant and Blood transfusion are the other way for the transmission of the disease. The infection can be diagnosed through serological testing methods such as Enzyme-linked immunoassay test.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | F. Hoffmann-La Roche AG (Switzerland), GlaxoSmithKline plc (United Kingdom), Merck & Co., Inc. (United States), AiCuris Anti-infective Cures GmbH (Germany), Vical, Inc. (United States), Chimerix, Inc. (United States), ViroPharma (United States), Roche Holding AG (Switzerland), Clinigen Group Plc (United Kingdom), CSL Behring (United States), GlaxoSmithKline (United Kingdom), Gilead Sciences (United States), Merck & Co. (United States), Biotest AG (Germany), Shire Pharmaceuticals (United States), Atara Biotherapeutics (United States) and Helocyte, Inc. (United States) |
This growth is primarily driven by Increase in the prevalence of CMV infections globally, Rising awareness associated with rare diseases like CMV, Developing healthcare infrastructure and high disposable income and High investment of the Government for the Research & Development (R&D) of novel therapies and drugs to treat CMV infections..
Globally, a noticeable market trend is evident The immense pace of R&D activities due to the presence of large biotechnology and pharmaceutical companies. The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as F. Hoffmann-La Roche AG (Switzerland), GlaxoSmithKline plc (United Kingdom), Merck & Co., Inc. (United States), AiCuris Anti-infective Cures GmbH (Germany), Vical, Inc. (United States), Chimerix, Inc. (United States), ViroPharma (United States), Roche Holding AG (Switzerland), Clinigen Group Plc (United Kingdom), CSL Behring (United States), GlaxoSmithKline (United Kingdom), Gilead Sciences (United States), Merck & Co. (United States), Biotest AG (Germany), Shire Pharmaceuticals (United States), Atara Biotherapeutics (United States) and Helocyte, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market appears to be fragmented due to a large number of players in the market who are heavily investing in R&D for the development of novel therapies and drugs to treat cytomegalovirus infection. Moreover, regulatory bodies of the healthcare sector are paying more attention on novel drugs by giving faster approvals and special status for the drugs.
Key Developments in the Market:
On September 21, 2023, Vir Biotechnology, a leading immunology company, and GlaxoSmithKline (GSK), a global pharmaceutical company, announced a strategic collaboration to develop and commercialize novel therapies for CMV infection.
On October 4, 2023, Argenx, a clinical-stage biopharmaceutical company focused on developing antibody-based therapies, announced a collaboration agreement with Atomwise, an AI-powered drug discovery company, to identify and develop novel therapies for CMV infection.
Influencing Trend:
The immense pace of R&D activities due to the presence of large biotechnology and pharmaceutical companies.
Market Growth Drivers:
Increase in the prevalence of CMV infections globally, Rising awareness associated with rare diseases like CMV, Developing healthcare infrastructure and high disposable income and High investment of the Government for the Research & Development (R&D) of novel therapies and drugs to treat CMV infections.
Challenges:
Vaccine development for CMV infection, where the number of vaccines candidates are still under investigation and Cost factor associated with the treatment of CMV infection is posing a challenge for the market.
Restraints:
Lack of awareness about CMV infection in developing and underdeveloped countries and price sensitivity and Recent expiries of patented drugs, generic drugs that are available for the treatment like Ganciclovir, Foscarnet are anticipated to hamper the growth of the market.
Opportunities:
Technological advancement in the diagnosis of CMV infection leading to patented drugs for treatment is providing an opportunity for the market.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cytomegalovirus Infection Market
- Analysis about New Entrants in Cytomegalovirus Infection Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cytomegalovirus Infection Study Sheds Light on
The Cytomegalovirus Infection Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cytomegalovirus Infection industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cytomegalovirus Infection industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.