Research Nester published a report titled “Rift Valley Fever (RVF) Treatment Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalRift Valley fever treatment market in terms of market segmentation by transmission, symptoms, distribution channel, treatment, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global Rift Valley fever treatment market is estimated to grow at a substantial CAGR over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of distribution channel, into pharmacies, hospitals, and others, out of which, the pharmacies segment is estimated to gain noteworthy growth, owing to the increasing use of over-the-counter medications for RVF or Rift Valley fever. Moreover, easier access to pharmacies, backed by higher number of pharmacies in the low-income region, is estimated to boost the market growth.
The global Rift Valley fever (RVF) treatment market is anticipated to grow on the back of growing prevalence of Rift Valley fever, especially in the Middle East and Africa region. Lack of any specific treatment for RVF, and increasing medical R&D activities for development of drugs, is estimated to further boost the market growth. According to a report by the Center for Disease Control and Prevention (CDC), no FDA-approved medications are available for RVF treatment. Moreover, growing concerns to regulate the spread of RVF amongst the authorities is estimated to boost the market growth.
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On the basis of geographical analysis, the global Rift Valley fever (RVF) treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Middle East and Africa region is estimated to gain the largest share over the forecast period on the back of increasing prevalence of RVF in the region. Moreover, absence of proper healthcare facilities, and lack of health awareness in the region, is estimated to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Prevalence of Rift Valley Fever (RVF) to Boost the Market Growth
RVF is highly prevalent in Middle East and Africa region, and is responsible for huge loss of life and cattle. Transmissions often occur through mosquitoes or infected animals. Human-to-human transmission is not yet reported. Such factors are estimated to boost the market growth.
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However, absence of any proper treatment method is expected to operate as key restraint to the growth of the market over the forecast period.
There are no FDA approved medications to treat Rift Valley fever (RVF), however, generic medications for flu and fever are used to treat the symptoms. Major pharmaceutical companies, including, Novartis AG, Sanofi-aventis Groupe, Abbott Laboratories, Merck & Co., Inc., Siemens Healthcare GmbH, Pfizer Inc., Eli Lilly and Company, and others, manufacture drugs required to treat RVF. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Rift Valley fever (RVF) treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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