Segments - Global Viral Hemorrhagic Fever Treatment Market by Type (Ebola, Yellow Fever, Rift Valley Fever, Marburg, Lassa Fever, Lymphocytic Choriomeningitis, Hantavirus Pulmonary Syndrome (HPS), and Others), By Medications (Medications [Rebetol, Virazole, and Others], Surgery, and Others) By End-User (Hospitals/Clinics, Pharmaceuticals, Research Institutes, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global viral hemorrhagic fever treatment market was valued at USD 1,303.2 million in 2020 and is projected to reach USD 1,889.7 million by 2028, expanding at a CAGR of 4.9% during the forecast period. Viral hemorrhagic fever (VHF) is an infectious disease that infects humans and animals. These severe, life-threatening infections cause fever, damage to the walls of blood vessels, and obstruct the clotting of blood, making them leak. The VHF virus festers in endemic areas where its host species live.
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. Research activities for product development in laboratories were impeded due to the COVID-19 outbreak. This, in turn, hinders the market. Recurrent dengue epidemic in tropical countries and the SARSâ€CoVâ€2 pandemic are worldwide health threats. Virusâ€caused infections show minor symptoms; however, they cause severe infections. Growing research to develop a VHF medical kit to detect diseases is expected to drive the market.
Attributes |
Details |
Report Title |
Viral Hemorrhagic Fever Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Type (Ebola, Yellow Fever, Rift Valley Fever, Marburg, Lassa Fever, Lymphocytic Choriomeningitis, Hantavirus Pulmonary Syndrome (HPS), and Others), Medications (Medications [Rebetol, Virazole, and Others], Surgery, and Others) End-User (Hospitals/Clinics, Pharmaceuticals, Research Institutes, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Sanofi-aventis U.S. LLC, Taj Pharmaceuticals Limited, Bavarian Nordic, Merck Sharp & Dohme Corp., AdvaCare Pharma, Aprazer., Flagship Biotech International Private Limited., Biosynth Carbosynth., SAINTROY LIFESCIENCE, Nvron Life Science Limited, Bausch Health Companies Inc., and MBA Pharmaceuticals Pvt Ltd. |
Rising prevalence of VHF across the globe
VHF are a group of illnesses that affect multiple organs in the body. VHF is caused by several families of viruses including Arenaviridae (Lassa fever and new world hemorrhagic fever), Filoviridae (Ebola and Marburg viruses), Flaviviridae (yellow fever, Omsk hemorrhagic fever, and dengue), and Bunyaviridae (Rift Valley fever and Crimean-Congo fever).(5) The most prevalent VHF in the Eastern Mediterranean Area is yellow fever, dengue, Crimean–Congo hemorrhagic fever, and Ebola hemorrhagic fever. (6)
According to WHO, the average Marburg viruses (MVD) case death rate is about 50%, Marburg viruses (MVD) Case death rates varied from 24% to 88% in the past outbreaks reliant on virus strain and case management. The emergence and recurrence of VHF is a growing burden worldwide which is expected to propel the growth of the VHF treatment market across the globe.
Lack of hygiene among people
Growing unhygienic lifestyle among the population is expected to rise various illnesses, disabilities, and even death. In recent periods, lifestyle is a significant factor in health. According to WHO, around 60% of illnesses are related to the leading poor quality of life, and millions of people lead an unhealthy lifestyle.
In 2019, the number of people elderly aged 60 years and above was 1 billion, this number is expected to increase to 1.4 billion by 2030 and nearly 2.1 billion by 2050, and about 80% of elder people are living in low- and middle-income countries, reported by WHO. (9) The rising geriatric population, increasing prevalence of VHF in the coming decades, particularly in emerging countries is anticipated to fuel the VHF treatment market.
Adverse effects and low awareness regarding the treatment in developing countries
The risk of severe adverse events following immunization (AEFI) is high in people aged over 60 years and with serious immunodeficiency people due to symptomatic HIV/AIDS. Lack of awareness regarding VHF in some developing nations, such as those in Asia Pacific and the Middle East & Africa due to lack of interactivity within the people, poor diagnosis, lack of trained clinical staff, and low vector control. These factors hamper the VHF treatment market growth during the forecast period.
High cost of treatment and less efficacy of drug treatment
Excessive Viral Hemorrhagic Fever Treatment and/or caffeine consumption causes side effects such as insomnia, restlessness, nervousness, stomach upset, vomiting, nausea, and increases breathing and heart rate. Rising awareness regarding these effects is likely to hamper the Viral Hemorrhagic Fever Treatment market. There is growing concern about prospective adverse effects of caffeine in children on repeated use.
Government initiatives toward VHF
Governments have taken initiatives to develop and manufacture advanced products for the treatment and diagnosis of VHF, which is creating lucrative opportunities in the market. The Ebola virus disease outbreak occurrence in 2013-2016, the US government selected certain healthcare associations as Ebola treatment centers (ETCs) to better prepare for future emerging infectious disease outbreaks.
In 2017, WHO has launched the Eliminate Yellow fever Epidemics (EYE) Strategy for yellow fever is an unprecedented initiative. According to WHO, the program fundings the US and other countries in developing national prevention strategies and improving laboratory diagnostics for Lassa fever and other dangerous diseases. Increasing global travel without restriction in some countries, rising government fundings in R&D activities, and decreasing healthcare expenditure are fueling the expansion of the VHF treatment market in the future.
The global Viral Hemorrhagic Fever Treatment market is segmented on the basis of types, treatment types, end-users, 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.
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.
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. The medications segment held a significant share of the market.
The others segment includes immune-modulating drugs and monoclonal antibodies for VHF treatment. Presently, there is no particular treatment existing for viral hemorrhagic fevers illness. Some antiviral drugs are effective against VHF such as ribavirin (Rebetol, Virazole) is reducing and prevents infections.
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. The hospitals/clinics segment held a significant share of the market. Hospitals are major providers of VHF treatment, owing to the outbreak of rising hospitalization of VHF patients, growing government initiatives towards the healthcare infrastructure, and advancement in disease diagnosis technology.
Based on regions, the global viral hemorrhagic fever treatment is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. The viral hemorrhagic fever treatment market in Europe is growing, due to increasing demand for the treatment of such as Lassa fever, dengue hemorrhagic fever, yellow fever, and Marburg fever, growing awareness among people, and high prevalence of VHF in these regions. Europe is a center of medical devices and the diagnosis of VHF illness, which is creating lucrative opportunities in the market.
Major Manufacturers Merck Sharp & Dohme Corp., Sanofi-Aventis U.S. LLC, Bavarian Nordic, Hawaii Biotech Inc. and Taj Pharmaceuticals Limited.
Factors such as growth of government initiatives & regulations, healthcare industry, GDP, and economic impact expected to act as a driving force for the market.
The base year considered for the global Viral Hemorrhagic Fever Treatment market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to witness a significant decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the Viral Hemorrhagic Fever Treatment market.
The major applications of Viral Hemorrhagic Fever Treatment are Hospitals/Clinics, Biotech and Pharmaceutical Industry, Academic and research institutes, Patients, and Others.
Rising prevalence of VHF across the globe, Lack of hygiene among people, Increasing awareness about hemorrhagic fever, and Growing investments in R&D expected to act as a driving force for the market during forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in US$ Million), Company Market Share (in % for base year 2019), and quality parameter overview is provided.
According to this Growth Market Reports report, the Viral Hemorrhagic Fever Treatment market is likely to register a CAGR of 4.9% during forecast period 2020-2027, with an anticipated valuation of USD 1,889.7 Mn by the end of the 2028.
Additional company profiles can be provided on request For a discussion related to above findings, click Speak to Analyst.