The global Marburg virus disease therapeutics market is expected to garner a market value of USD 90.74 Million in 2023 and is expected to accumulate a market value of USD 155 Million by registering a CAGR of 5.5% in the forecast period 2023 to 2033.
The growth of the Marburg virus disease therapeutics market can be attributed to the increasing prevalence of the Marburg virus in different geographical regions. The demand for Marburg virus disease therapeutics registered a CAGR of 4.1% in the historical period 2018 to 2022
The Marburg virus disease market is expected to witness growth owing to the increasing prevalence of the ailment. In addition, the COVID-19 virus is fueling research and development activities for innovating therapeutics treatment for the Marburg virus diseases therapeutics market.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 90.74 Million |
| Anticipated Forecast Value (2033) | USD 155 Million |
| Projected Growth Rate (2023 to 2033) | 5.5% CAGR |
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According to market research and competitive intelligence provider Future Market Insights- the market for Marburg virus disease therapeutics reflected a value CAGR of 4.1% during the historic period, 2018 to 2022.
The similar symptoms of COVID-19 and Marburg virus diseases have created tremendous pressure on the healthcare industries, especially in the Middle East and South Africa. Thus, the demand for innovative treatments to reduce the intensity of the viruses is expected to boost the overall market in the upcoming years.
Furthermore, extensive research and development for innovating therapeutics are favoring the market's growth. Thus, the Marburg virus disease therapeutics market is expected to register a CAGR of 5.5% in the forecast period 2023 to 2033.
Exposure to the Marburg virus increases cases of contracting the virus among people
The rise in the healthcare sector globally is escalating the growth of the Marburg virus disease market. Marburg virus refers to the type of virus that belongs to the genus Marburgvirus in the family Filoviridae.
This virus causes a severe viral disease that is known as Marburg virus disease (MHF), in both humans and nonhuman primates. MHF is generally characterized by systemic viral replication, abnormal inflammatory responses, and immunosuppression, similar to the Ebola virus.
Marburg can spread through human-to-human transmission via direct contact (through broken skin or mucous membranes) with the blood, secretions, organs, or other bodily fluids of infected people, and with surfaces and materials (e.g. bedding, and clothing) contaminated with these fluids. Thus, these factors are increasing the cases of the Marburg virus disease across the globe.
Increase in the prevalence of unhealthy lifestyles along with research and development efforts contributing to market growth
The surge in the number of people suffering from Marburg virus disease across the globe is one of the major factors driving the growth of the Marburg virus disease market. The rise in awareness among people regarding rare disorders and increased demand for various drugs for treating symptoms such as nausea, vomiting, chest pain, diarrhea, and jaundice, among others accelerate the market growth.
The rise in the number of clinical trials for the enhancement of drugs and therapies and the increase in the prevalence of unhealthy lifestyles of people further influence the market. Additionally, growth in awareness, the surge in investments, development in technology, change in lifestyle and rise in healthcare expenditure positively affect the Marburg virus disease market.
Furthermore, advancements in medications extend profitable opportunities to the market players in the forecast period of 2023 to 2033.
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Lack of awareness amongst people and the expensive nature of treatment derailing market growth
On the other hand, the high cost associated with the treatment and diagnosis is expected to obstruct market growth. Moreover, the expenditure required for investing in research and development for innovating therapeutics for treating the Marburg virus is more. This, in turn, is hampering the growth of the market.
Low awareness among people is projected to challenge the Marburg virus disease market in 2023 to 2023. Thus. Late detection of the ailment reduces the chances of receiving proper treatment to cure the ailment. All these factors are creating obstacles to the growth of the Marburg virus diseases therapeutics market.
Investment in research and development by key players favoring the market growth
North America dominates the Marburg virus disease market due to the advanced medical care system and infrastructure within the region. Moreover, the increasing prevalence of Marburg viral diseases in the region is bolstering the need for therapeutics.
Furthermore, the strong presence of key players in the region is favoring the growth of the market. Investment in research and development to innovate novel therapeutic treatment is another factor driving the growth of the market. the presence of research institutes in the USA. and Canada is bolstering the growth of the Marburg virus diseases therapeutics market in North America.
Thus, North America is expected to possess a 43% market share of the Marburg virus diseases therapeutics market in North America in 2023.
Absence of Vaccines increasing dependability on Therapeutics Treatment
Owing to the increasing predominance of Ebola Virus Disease (EVD) or Ebola Virus disease and Marburg Virus Disease (MVD) or Marburg Virus disease, caused by filoviruses termed Ebola virus and Marburg virus in African countries like Guinea, the Democratic Republic of the Congo, Uganda, Angola, Kenya, and South Africa, as per updates by World Health Organization (WHO), in the Rest of the world region.
Ebola & Marburg Infections market growth is being driven by the increasing Ebola outbreaks in Guinea which then spread to Sierra Leone and Liberia and cases of Marburg Virus Disease (MVD) in Uganda and Angola. The Democratic Republic of the Congo, Kenya, and South Africa.
However, as per World Health Organization (WHO), presently, there are no vaccines or antiviral treatments certified for Marburg Virus Disease (MVD) or Marburg Virus disease, which is one of the major factors hampering the growth of the Ebola & Marburg Infections Market. Thus, the Middle East and Africa are expected to possess a 39% market share for Marburg viral disease therapeutic treatment market in 2023.
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Favorable reimbursement policies make hospitals a viable option for treatment
On the basis of end users, the Marburg virus diseases market is segmented into Hospitals, Specialty Clinics, Ambulatory Surgical Centres, and Others. The hospital segment is expected to hold the largest market share for Marburg virus disease therapeutics.
This is owing to the availability of various treatments and diagnostics in hospitals. In addition, the presence of healthcare experts and cardiologists plays a key role in the wide usage of hospitals for the treatment of Marburg virus disease therapeutics.
In addition, initiatives by government authorities to support the treatment of Marburg virus disease therapeutics, especially in hospitals, favor the growth of the same. Moreover, reimbursement schemes and their benefits are making hospitals a go-to option for the treatment of Marburg virus disease therapeutics. Thus, the hospital segment is expected to hold a 45% market share of the Marburg virus disease therapeutics market in 2023.
Key players in the Marburg virus disease therapeutics market are Amicus Therapeutics, Inc, Alexion Pharmaceuticals, Inc, BioCryst Pharmaceuticals, Bavarian Nordic, Bio-Rad Laboratories, Inc, AlphaVax, GW Pharmaceuticals plc, Takeda Pharmaceutical Company Limited, Alexion Pharmaceuticals, Inc, Mapp Biopharmaceutical, Collaborations Pharmaceuticals, Inc, Emergent BioSolutions Inc, BioMarin and Sarepta Therapeutics, Alkido Pharma, Biofactura
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 90.74 Million |
| Market Value in 2033 | USD 155 Million |
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Drug Classification, Route of Administration, End Users, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Amicus Therapeutics Inc.; Alexion Pharmaceuticals Inc.; BioCryst Pharmaceuticals; Bavarian Nordic; Bio-Rad Laboratories, Inc.; AlphaVax; GW Pharmaceuticals Plc; Takeda Pharmaceutical Company Limited; Mapp Biopharmaceutical; Collaborations Pharmaceuticals Inc.; Emergent BioSolutions Inc.; BioMarin and Sarepta Therapeutics; Alkido Pharma; Biofactura |
The marburg virus disease therapeutics market is valued at USD 90.74 million In 2023.
The market is likely to experience a 5.5% CAGR until 2033.
The hospital segment is expected to dominate the market based on end user.
The market registered a CAGR of 4.1% from 2018 to 2022.
North America is estimated to dominate the market through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drug Classification 5.1. Antiemetic 5.2. Nitro-glycerine 5.3. Loperamide 5.4. Antibiotics 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Route of Administration 6.1. Injectable 6.2. Oral 6.3. Parenteral 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Users 7.1. Hospitals 7.2. Specialty Clinics 7.3. Ambulatory Surgical Centres 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Hospital Pharmacy 8.2. Retail Pharmacy 8.3. Online Pharmacy 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Amicus Therapeutics, Inc. 19.2. Alexion Pharmaceuticals, Inc. 19.3. BioCryst Pharmaceuticals 19.4. Bavarian Nordic 19.5. Bio-Rad Laboratories, Inc. 19.6. AlphaVax 19.7. GW Pharmaceuticals plc. 19.8. Takeda Pharmaceutical Company Limited 19.9. Alexion Pharmaceuticals, Inc. 19.10. Mapp Biopharmaceutical 19.11. Collaborations Pharmaceuticals, Inc. 19.12. Emergent BioSolutions Inc. 19.13. BioMarin and Sarepta Therapeutics 19.14. Alkido Pharma 19.15. Biofactura 20. Assumptions & Acronyms Used 21. Research Methodology
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Marburg Virus Disease Therapeutics Market
