Global Respiratory Syncytial Virus (RSV) Therapeutics Market- Snapshot

Respiratory syncytial virus (RSV) is a common and contagious virus that infects the respiratory tract of children and adults. A RSV infection can lead to serious problems such as bronchiolitis and pneumonia. In terms of revenue, the global respiratory syncytial virus (RSV) therapeutics market was valued at US$ 841.4 Mn in 2016 and is anticipated to reach more than US$ 2100.0 Mn by 2025, expanding at a CAGR of 11.7% from 2017 to 2025. Rise in prevalence of RSV infection among infants and the increasing interest of different biotechnology companies to develop various recombinant drugs to treat RSV infection are likely to fuel the global respiratory syncytial virus (RSV) therapeutics market from 2017 to 2025.

RSV is a common cause of bronchiolitis and pneumonia in babies. RSV is spread from respiratory secretions through close contact with infected persons. RSV does not usually occur until a baby is 4 to 6 week old. No specific approved drug or vaccine has been available to treat or prevent RSV infection till date. Patients are treated only by administering prophylaxis drugs. Key players are focusing on the development of new drugs and vaccines with better efficacy. NOVAVAX, Inc. is projected to launch the RSV F vaccine to prevent RSV infection in 2020, which in turn is likely to fuel the global respiratory syncytial virus (RSV) therapeutics market in the near future. However, the high price of prophylaxis drugs and a lack of return of investment in antiviral drugs are likely to hamper the global respiratory syncytial virus (RSV) therapeutics market during the forecast period.

global respiratory syncytial virus therapeutics market

There are several unmet needs in global respiratory syncytial virus (RSV) therapeutics market, which create significant opportunities for existing players and new entrants in the global market. Biologics provide ample opportunities for players operating in the global respiratory syncytial virus (RSV) therapeutics market. Recent ongoing developments in biologic anti respiratory syncytial virus (RSV) drugs such as GlaxoSmithKline’s GSK 3003891A, ReViral Ltd RV521, Bavarian Nordic’s MVA-BN-RSV uncovers the potential of these drugs.

The global respiratory syncytial virus (RSV) therapeutics market can be segmented based on drug type, dosage form, distribution channel, and geography. In terms of drug type, the palivizumab segment led the market and is expected to continue its dominance during the forecast period, followed by the ribavirin drug segment. Increasing utilization of palivizumab and development of new bio similar drug of palivizumab such as CT-P14 is likely to propel the segment during the forecast period. In terms of dosage form, the injectable form segment led the market, in terms of revenue, in 2016. The segment is projected to maintain its dominant position in the market during the forecast period. The others segment, which includes (inhalation etc.), is likely to lose market share during the forecast period owing to the preference for injectable to deliver drugs. In terms of distribution channel, drug stores and retail pharmacies was the leading segment of the market in 2016. It is likely to hold a leading share of the market during the forecast period.

In terms of geography, North America held a major share of the global respiratory syncytial virus (RSV) therapeutics market in 2016. Increasing prevalence of RSV infection among infants and the rise in awareness about the effect of the infection are likely to drive the market in North America. The market in Europe and Asia Pacific is projected to gain market share during the forecast period and is likely to account for a significant share of the market, in terms of revenue, in the near future. Initiatives by local governments to attain self-sufficiency in manufacturing pharmaceuticals and financial support for research and development for antiviral drugs in countries such as Brazil, South Africa, etc. are likely to boost the market in Latin America and Middle East and Africa.

Key companies operating in the global respiratory syncytial virus (RSV) therapeutics market and profiled in the report include F. Hoffmann-La Roche Ltd., AstraZeneca plc, Merck & Co., Inc., AbbVie, Inc., Valeant Pharmaceuticals International, Inc, GlaxoSmithKline plc., ReViral Ltd., Gilead Sciences, Inc., and Teva Pharmaceutical Industries Ltd. These players are adopting organic and in-organic growth strategies to expand their product offerings, strengthen their geographical reach, increase customer base, and gain market share. For instance, in June 2014, Ark Bioscience, (a China-based startup biotechnology company) signed an agreement with F. Hoffmann-La Roche Ltd. and under this agreement, the Roche’s drug candidate AK0529 (to treat RSV infection) is expected to further developed and marketed by Ark Bioscience, for which Roche is anticipated to get royalty payment.

Global Respiratory Syncytial Virus (RSV) Therapeutics Market: Overview

Respiratory syncytial virus infection is highly contagious. It is reported to be the most common cause of pneumonia and bronchiolitis in children as well as adults. According to the Center for Disease and Prevention, around 25-40 of every 100 children exposed to RSV infection for the first time develop signs of bronchiolitis or pneumonia. No approved drugs have been available in the market to treat RSV infection till date, and only prophylaxis drugs have been used. Therefore, several biopharmaceutical companies are investing in research and development in order to develop new drugs and vaccine to treat or prevent the RSV infection.

The global respiratory syncytial virus (RSV) therapeutics market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on drugs type, dosage form, distribution channel, and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview in order to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global respiratory syncytial virus (RSV) therapeutics market.

Global Respiratory Syncytial Virus (RSV) Therapeutics Market: Key Segments

Based on drugs type, the global respiratory syncytial virus (RSV) therapeutics market can be segmented into palivizumab, ribavirin, and others. The drug type segments have been analyzed based on type of drug uses to treat RSV infection in the different region. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. According to dosage form, the global respiratory syncytial virus (RSV) therapeutics market can be classified into oral, injectable, and others. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Respiratory Syncytial Virus (RSV) Therapeutics Market: Regional Outlook

In terms of geography, the global respiratory syncytial virus (RSV) therapeutics market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Italy, Spain and Rest of Europe), Asia Pacific (China, Japan, India, Australia & New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Middle East and Africa (GCC Countries, South Africa, Israel, and Rest of MEA). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the respiratory syncytial virus (RSV) therapeutics market are include F. Hoffmann-La Roche Ltd., AstraZeneca plc, Merck & Co., Inc., AbbVie, Inc., Valeant Pharmaceuticals International, Inc, GlaxoSmithKline plc., ReViral Ltd., Gilead Sciences, Inc., and Teva Pharmaceutical Industries Ltd.

The global respiratory syncytial virus (RSV) therapeutics market has been segmented as follows:

Respiratory Syncytial Virus (RSV) Therapeutics Market, by Drugs Type

  • Palivizumab
  • Ribavirin
  • Others

Respiratory Syncytial Virus (RSV) Therapeutics Market, by Dosage Form

  • Oral
  • Injectable
  • Others

Respiratory Syncytial Virus (RSV) Therapeutics Market, by Distribution Channel

  • Drug Stores and Retail Pharmacies
  • Hospital Pharmacies
  • Others

Respiratory Syncytial Virus (RSV) Therapeutics Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa
.