Global Viral Hemorrhagic Fever Treatment Market Expected to Reach US$ 1,889.7 Million by 2028

According to a recent market study published by Growth Market Reports, titled, “Global Viral Hemorrhagic Fever Treatment Market – by type, by treatment type, by end-user, and by regions: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 1,303.2 Million in 2020 and is expected to grow at a moderate growth rate of 4.9% by the year 2028. Rising prevalence of VHF across the globe, lack of hygiene among people, increasing awareness about hemorrhagic fever, and growing investments in R&D are expected to drive the market growth during forecast period.

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Infectious diseases are major contributors to mortality and morbidity around the globe. Viral hemorrhagic fever (VHF) is an infectious disease that infects humans and animals. It causes severe, life-threatening infections, causing fever, damage to the walls of blood vessels, and obstructing blood clotting, making them leak, thus making the disease life-threatening. The VHF virus lives only in endemic areas where its host species lives. VHF include YELLOW fever, Ebola, dengue, Marburg, Lassa, South American VHF, Crimean-Congo, and Hantaan that have recently appeared in various parts of the world. Signs and symptoms of viral hemorrhagic fevers vary by disease conditions. Some early signs and symptoms are fever, fatigue, dizziness, weakness, muscle, bone or joint aches, diarrhea, nausea, and vomiting.

Additionally, some people can witness life-threatening symptoms such as bleeding under the skin, internal organs, mouth, eyes, or ears; nervous system malfunctions; delirium; coma; kidney failure; liver failure; and respiratory failure. Currently, there is no treatment for VHF. However, vaccines or injections are available for only a few types of diseases conditions such as dengue and Ebola fever. Until supplementary vaccines are developed, the ideal approach is prevention, and precaution is the only way to control the disease. Supportive care is the backbone of the treatment. Some supportive treatments for VHF include medications, therapy, and surgical.

The global Viral Hemorrhagic Fever Treatment market is consolidate based on type, treatment type, end-user and regions. Based on type, the global viral hemorrhagic fever treatment market is segmented into Ebola, Yellow Fever, Rift Valley Fever, Marburg, Lassa Fever, Lymphocytic Choriomeningitis, Hantavirus Pulmonary Syndrome (HPS), and others. The others segment is further segmented into Crimean-Congo hemorrhagic fever (CCHF), Omsk hemorrhagic fever virus, Kyasanur Forest Disease (KFD) virus, SARS, Nipah virus encephalitis, and Pandemic influenza.

Based on treatment type, the global viral hemorrhagic fever treatment market is segmented into medications (Rebetol, Virazole, and others [immune-modulating drugs, monoclonal antibodies]), surgery, and others. The others segment is fragmented into supportive care hospital therapy, vaccines. Based on end-users, the global viral hemorrhagic fever treatment market is segmented into hospitals/clinics, biotech & pharmaceutical industry, research institutes, and others. The other segment is sub-segmented into homecare settings and Ambulatory care settings. Based on regions the Global Viral Hemorrhagic Fever Treatment market has been fragmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.

The Viral Hemorrhagic Fever Treatment market is projected to witness a slight increase in year-on-year growth for 2020 as compared to for previous year 2019. Regulatory bodies anticipated to play a key role in boosting the market is supporting growth of the market in 2020. The Viral Hemorrhagic Fever Treatment market is growing at a significant pace due to growing pharmaceuticals industry expected to fuel the market.

As per Growth Market Reports industry analyst Raksha Sharma, “The global Viral Hemorrhagic Fever Treatment market is anticipated to witness moderate growth during forecast period 2020-2027. The viral hemorrhagic fever treatment market is registering growth opportunities across the globe, government initiatives toward VHF and increasing demand for various supportive care”

The first quarter of 2020 was an unforeseen turning point for the Viral Hemorrhagic Fever Treatment market. Supply chains were disturbed by COVID-19 outbreaks in major regions, thus reducing the demand for various products, due to uncertainty in the global economy. Certain discrepancies in production and supply chain created mild disruptions across some areas in the supply chain of the Viral Hemorrhagic Fever Treatment market. However, after second quadrant due to increasing product demand for industries has boosted market growth in 2020. Increasing production process in biological industry and increasing concern for health safety in multiple organizations boosted the viral hemorrhagic fever treatment market in 2020.

Key Takeaways from the Study

• The players including include Merck Sharp & Dohme Corp., Sanofi-Aventis U.S. LLC, Bavarian Nordic, Hawaii Biotech Inc., and Taj Pharmaceuticals Limited. among others hold significant share of Global Viral Hemorrhagic Fever Treatment market in year 2020.
• North America held a significant market share, due to it has well-established R&D laboratory, increasing prevalence of VHF illness, and adoption of cutting-edge healthcare facilities. VHF commonly occurs in tropical or humid areas. The people in the US contract the disease by traveling to the tropical areas, which is expected to fuel the market in the US.
• In terms of type, The Ebola segment held a significant market share and is anticipated to grow in the coming years. Ebola is an infectious disease formerly known as Ebola hemorrhagic fever, which is a rare & severe infection in humans. Supportive care and vaccines available in the market include Ervebo vaccine, which is effective against the species Zaire ebolavirus.

Report Scope

Target Audience

• Supply-side: Manufacturers, raw material suppliers, and distributors
• Demand Side: Hospitals/Clinics, Biotech and Pharmaceutical Industry, Academic and research institutes, Patients, and Others
• Regulatory Side: Concerned government authorities, and other regulatory bodies.