LONDON--(BUSINESS WIRE)--According to Technavio Research Report "Zika Virus Therapeutics Market by product (acetaminophen, and other NSAIDs) and geographic regions (ROW, North America, Asia, and Europe) is witnessed to grow USD 33.21 million, at a CAGR of 4% from 2019 to 2023”.
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Global Zika Virus Therapeutics Market: Novel approach for vaccine development
Various novel approaches are being developed to treat the chronic health conditions occurring due to the Zika virus. Vendors in the market are developing vaccines with modified RNA activity. These vaccines consist of a lipid capsule encapsulating nanoparticle which is administered through the intramuscular route. They also contain a modified messenger RNA (mRNA), which is non-self-amplifying and optimizes the intracellular stability, translation, and proprietary nucleoside alteration to prevent the stimulation of innate immune response. Another vaccine developed contains modified nucleoside 1-methylpseudouridine, which increases the translation of mRNA. These newly developed vaccines are targeted at producing a high concentration of antibodies against Zika virus infection. Thus, the development of RNA vaccines against Zika virus is likely to pave the way for other researchers to facilitate further R&D in this area.
“Various government and non-government bodies are taking various initiatives to develop vaccines against the Zika virus. Also, private organizations are developing purified, inactivated, and whole virus vaccines against the Zika virus infection. These initiatives and efforts are further likely to contribute to the market’s growth during the forecast period,” says a senior research analyst at Technavio.
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Global Zika Virus Therapeutics Market: Segmentation analysis
This market research report segments the global Zika virus therapeutics market by product (acetaminophen, and other NSAIDs) and geographic regions (ROW, North America, Asia, and Europe).
ROW led the market in 2018, followed by North America, Asia, and Europe respectively. The region is expected to grow faster than the overall market owing to increasing instances of this medical condition.
Global Zika Virus Therapeutics Market: Rising prevalence of and burden of Zika virus
Zika virus infection gradually has witnessed several outbreaks reported from various parts of the world. It is transmitted by infected mosquitos and results in non-specific symptoms, including fever, myalgia, and generalized fatigue. The market is witnessing a high incidence of the Zika virus, which is expected to increase the patient pool leading to increased consumption of Zika virus therapeutics. Thus, the growing prevalence and burden of Zika virus infection and associated comorbidities will foster market growth during the forecast period.
Few Major Players for the Zika Virus Therapeutics Market are:
- Aurobindo Pharma Ltd.
- Johnson & Johnson Services Inc.
- Perrigo Co. Plc
- Sun Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Co. Ltd.
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