West Nile Virus (WNV) is a mosquito-borne flavivirus that infects humans, birds, horse and other mammals. The virus commonly causes West Nile fever, a mild flu-like illness. However, severe manifestation includes encephalitis, meningitis or even death especially in elderly people and immunocompromised patients. Rising occurrences of WNV infection globally has boosted the demand for effective prevention and treatment measures.
The global West Nile Virus Market is estimated to be valued at US$ 634.8 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing prevalence of WNV disease is a major factor fueling the demand for effective prevention and treatment options. As per CDC, in 2020 over 2,500 cases of WNV disease in humans were reported to CDC, including 138 deaths. Moreover, lack of an approved vaccine for human use presents lucrative opportunities for drug developers. Several drugs and vaccines are under development and clinical trials which once approved can provide major breakthrough. For instance, VLA1553 and VLA1601 vaccines developed by Valneva SE are under phase III and II clinical trials respectively. Rising R&D investments by pharmaceutical companies to develop advanced treatment options will further drive the market growth over the forecast period.
Segment Analysis
The global west nile virus market can be segmented by product type, and end-use. Based on product type, the diagnostics segment dominated the market with more than 50% share in 2023. This is due to increasing awareness regarding early diagnosis as it can improve treatment outcomes. Under diagnostics, blood screening plays an important role as it helps in detecting infection at early stages. Based on end-use, the hospitals segment accounted for the largest share owing to the availability of advanced healthcare facilities and skilled doctors for diagnosis and treatment under one roof.
Key Takeaways
Global West Nile Virus Market Size is expected to witness high growth. Regional analysis shows that North America accounted for around 35% share of the global west nile virus market in 2023.
Higher incidence of west nile virus in the US and Canada combined with rise in mosquito-borne diseases are major factors responsible for market dominance in the region. Europe is anticipated to be the fastest-growing regional market between 2023-2030 owing to increasing investment and funding by regional governments for infectious disease prevention and control.
Key players operating in the west nile virus market are Sanofi, Pfizer, GlaxoSmithKline, Merck, AstraZeneca, Johnson & Johnson, F. Hoffmann-La Roche, Novartis, Cipla, and Gilead Sciences. Sanofi's Flavivir is a popular vaccine available for west nile virus prevention. Pfizer's Ixiaro is another important preventive vaccine prescribed by doctors globally.
Get More Insights on this Topic- https://www.dailyprbulletin.com/west-nile-virus-market-outlook-and-value-insights/
But in the case of infants and older people, they have a higher risk of sustaining permanent brain damage.
Elders with a weak immune system and children can easily be affected, which can be caused by one of several viral infections, so it’s sometimes referred to as viral Encephalitis.
But this disease can be recovered by the right treatment, though the chance of recovery mainly depends on the virus involved and the severity of the inflammation.
The Reasons for this disease:
The viral Encephalitis occurs and grows during or after any of these severe viral illnesses like influenza, measles, chickenpox, mumps, herpes simplex, rubella, rabies, and arbovirus infection, including West Nile virus.
Arbovirus encephalitis is another form of viral Encephalitis, which can cause by various viruses that are carried by insects such as mosquitoes and ticks.
With one mission in mind — which is to make our area mosquito-free — our company has created some of the most effective mosquito control solutions that are both safe and convenient for homeowners and their families.
After all, the goal is to rid your property of disease carrying mosquitoes who can spread numerous illnesses such as West Nile, dengue fever, and (most recently) Zika Virus.
Our solutions are varied to meet the needs and budget of every one of our customers.
We want to be able to provide the best solution for mosquito control that works perfectly within your schedule and takes the hassle of trying to control mosquitoes yourself off of your plate.
In order to find the best solution for you, you first need to understand why mosquito control is so important, especially with recent outbreaks of mosquito bourne illnesses in the India and beyond.
In our area is home to several species of mosquito, each capable of transmitting serious illnesses such as malaria, dengue fever and West Nile virus.
