Severe Acute Respiratory Syndrome (SARS) Treatment Market Overview:
Severe Acute Respiratory Syndrome (SARS) Treatment Market size was valued at USD 25.7 billion in 2021 and is projected to reach around USD 8.2 billion in 2030 exhibiting a CAGR of 14.5% in the forecasted period.
The SARS coronavirus is the cause of the viral respiratory disease known as severe acute respiratory syndrome (SARS). Although there isn’t a specific therapy for SARS, supportive care is usually provided to assist the body fight the virus and reduce symptoms. This could involve breathing assistance, pain and fever treatment, and oxygen therapy.
Medication, medical equipment, and inpatient care services are the main components of SARS treatment. The severity of the global severe acute respiratory syndrome market is expected to be supported by rising SARS incidence rates as well as rising demand for supportive care and efficient therapies.
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The market for SARS therapy has experienced a sharp increase as a result of an increase in drug approvals for emergency use permission (by regulatory bodies) for the treatment of COVID-19. The drug known as 2-DG, for example, was approved by the Drug Controller General of India. It is a powdered form of the molecule 2-deoxy-D-glucose and was developed by Dr. and the Institute of Nuclear Medicine and Allied Sciences (INMA), a top laboratory of the Defence Research and Development Organization (DRDO).
One of the main drivers expected to propel the market is the rise in COVID-19 cases and the number of contagious infections caused by the coronavirus. In addition, it is anticipated that in the coming years, favourable government policies and initiatives supporting precautionary therapies, along with the rapidly growing senior population, will propel growth in the global market for severe acute respiratory syndrome treatments. On the other hand, it is projected that the market for treating severe acute respiratory syndrome (SARS) will be hampered by the lack of drugs during the pandemic and by treatment costs that are greater than necessary.
Hospital pharmacies: Providing the Right Drugs at the Right Doses
Hospital pharmacies are anticipated to hold a sizable portion of the worldwide severe acute respiratory syndrome market throughout the projection period, according to the distribution channel analysis. The majority of SARS patients need to be hospitalized in order to receive antiviral medicine treatment. These drugs are given intravenously (IV) in a hospital setting.
Hospital pharmacies are essential to making sure patients receive the right drugs at the right dosages with the right administration schedules. They work in tandem with medical professionals to track patients’ advancement and modify treatment regimens as needed.
Hospital pharmacies are able to provide a variety of drugs, including specialty treatments for respiratory conditions. Trained pharmacists who are knowledgeable about medication use and management work in these pharmacies.
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Market Segments:
By Drug Type
- Antiviral
- Antibacterial
- Immunomodulatory Drugs
By Route of Administration
- Oral
- Injectable
By Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
Market Geographically Analysis:
Over the course of the forecast period, North America is anticipated to emerge as one of the key regions in the global market for severe acute respiratory syndrome treatments. The region’s well-developed infrastructure in the healthcare sector is the reason for this rule. Furthermore, increased government spending intended to prevent infectious diseases is predicted to fuel market expansion in North America.
Asia Pacific is expected to have profitable expansion during the anticipated period as a result of market companies producing more pharmaceuticals to treat COVID-19 in an effort to combat the pandemic. In May 2020, Zaydis Cedilla and Pica laboratories in India produced approximately 70 metric tons of hydro oxychloride, which was then exported to neighbouring nations in addition to the United States.
Top Leading Key Companies involved in this market are:
- AstraZeneca Plc.
- Eli Lily & Company
- Bushranger Ingelheim
- Johnson & Johnson
- Pica laboratories
- Takeda Ltd.
- AbbVie
- Roche Holding AG
- Pfizer Inc.
- Novartis
- GlaxoSmithKline plc.
- Cedilla healthcare Ltd.
- Cipla Ltd.
- Hetero labs Ltd.
- Gilead Sciences Inc.
- Other players
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