The most recent study conducted by Report Ocean, titled “Global Hanta Virus Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Hanta Virus. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Hanta Virus Market is valued approximately USD $ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2021-2027. Hanta Virus is a disease that is caused by rodent causes febrile haemorrhagic diseases which can often cause kidney damage or failure. The virus can spread when virus contain rodent urine, droppings, or saliva are stirred in the air. The increasing cases of hantavirus is likely to increase the market growth for the market in the forecasted period. For Instance: as per the Gavi the Vaccine Alliance, in 2021, reported that there are approximately 200,00 new cases each year globally.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Also, rising awareness about the Hanta virus which leads to the adoption & demand for Hanta Virus is likely to increase the market growth during the forecast period. On the other hand, there is no specialized medication or vaccine for Hanta virus market which is the main challenge associated with the market.
The key regions considered for the global Hanta Virus market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America accounts for the largest market share owing to the proper investment in surveillance for hanta virus cases. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate for the forecast period 2021-2027. Factors such as increasing government investment in healthcare sector would create lucrative growth prospects for the Hanta Virus market across Asia-Pacific region.
Major market player included in this report are:
PharmJet
Taj Pharmaceutical Limited.
Lupin
Merck Sharp & Dohme Corp.
Genentech, Inc.
Aurobindo Pharma
Zydus Pharmaceuticals, Inc.
F. Hoffmann-La Roche Ltd.
Kadmon Pharmaceuticals
Schering Corp
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Symptoms:
Fever
Body Aches
Hemolytic Anaemia
Thrombocytopenia
Abdominal Pain
Hantavirus Pulmonary Syndrome (HPS)
Haemorrhagic Fever with Renal Syndrome (HFRS)
By Mode of Transmission:
Urine
Faces
Salvia
Rodent Bite
Airborne Particles Containing These Excretions
By Drug Type:
Branded
Generic
By Route of Administration:
Oral
Injectable
Others
By End Uses:
Hospitals
Academic Research Institutes
Others
By Distribution Channel:
Hospital Pharmacy
Retail Pharmacy
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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