The global severe acute respiratory syndrome (SARS) treatment market was valued at USD 25.7 billion in 2021 and is expected to grow to roughly USD 8.2 billion by 2030, with a CAGR of 14.5% during the forecast period.
There is currently no specific treatment for severe acute respiratory syndrome (SARS). As a result, treatment for this condition comprises supportive measures such as fever and symptom control, secondary infection avoidance, and maintaining adequate oxygen levels for the patient. According to market trend analysis in the TMR study, the antibiotics segment will account for a large part of the global industry in 2021. Antibiotics are ineffective against SARS, hence healthcare experts around the world have limited their usage in treating SARS caused by SARS-CoV-2 during the coronavirus pandemic.
As a result, the principal treatments for SARS-CoV-2 include antiviral medications such as favipiravir and remdesivir, as well as supportive care. Nonetheless, antibiotics can be prescribed for COVID-19 in the event of subsequent bacterial infections.
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Severe Acute Respiratory Syndrome Treatment Market
Key Company
- AstraZeneca Plc.
- Eli Lily & Company
- Boehringer Ingelheim
- Johnson & Johnson
- Ipca laboratories
- Takeda Ltd.
- AbbVie
- Roche Holding AG
- Pfizer Inc.
- Novartis
- GlaxoSmithKline plc.
- Cadila healthcare Ltd.
- Cipla Ltd.
- Hetero labs Ltd.
- Gilead Sciences Inc.
Regional Insights
North America is expected to be a key region in the global severe acute respiratory syndrome therapy market throughout the forecast period. The region’s rule is attributable to the availability of a well-developed healthcare system. Furthermore, increased government financing for the prevention of infectious diseases is expected to boost the market in North America.
Asia Pacific is expected to develop significantly throughout the anticipated period, owing to increased manufacture of COVID-19 therapy medications by market businesses in response to the pandemic. In May 2020, Zydus Cadila and Ipca facilities in India produced about 70 metric tons of hydroxychloroquine, which was delivered to neighboring nations as well as the United States. Zydus Cadila and Ipca Labs are multinational pharmaceutical companies that produce generic pharmaceuticals and active pharmaceutical ingredients, respectively.
Key Trend
Increasing R&D investments is a prominent trend in the Severe Acute Respiratory Syndrome Treatment Market. Increased investments in research & development are likely to drive future growth in the severe acute respiratory syndrome therapy market. Investments in research and development (R&D) are the financial and human resources allocated by corporations, governments, or entities to conduct systematic and innovative inquiries and activities targeted at uncovering new information.
These investments help to develop effective medications, vaccines, diagnostics, and therapeutic techniques that benefit patient outcomes and global health preparedness. For example, in August 2023, the United States Department of Health and Human Services (HHS), through the Administration for Strategic Preparedness and Response (ASPR), awarded more than $1.4 billion to Project NextGen to support the development of next-generation COVID-19 vaccines and treatments. As a result, increased R&D investments are propelling the severe acute respiratory syndrome treatment market forward.
Scope of the Severe Acute Respiratory Syndrome Treatment Market
This research gives past, present as well as future analyses and estimates for the Severe Acute Respiratory Syndrome Treatment Market. The report’s market estimates are based on a comprehensive research approach. The research methodology used includes multiple channels of research, such as primary research, secondary research, and subject-related expert advice. The market estimations are produced using the current market dynamics as well as major economic, social, and political aspects affecting the Severe Acute Respiratory Syndrome Treatment Market. The market data is also defined by various legislation, government spending, and increased R&D. The market projections take into account both positive and negative developments in the market.
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