Global Severe Acute Respiratory Syndrome Treatment Market: Overview
Lately, COVID-19 has been dominating the news headlines across the globe. This new global pandemic is caused by a new strand of coronavirus. The virus that causes severe acute respiratory syndrome (SARS) is called SARS-CoV and the one that has been wreaking havoc in the world now is called SARS-CoV-2. Apart from these two, there exists other types of human coronaviruses, which come from a very diverse family of viruses. These viruses have a very wide range of hosts, ranging from bats to human beings. The growth of the global severe acute respiratory syndrome treatment market is estimated to be influenced by the increased prevalence of SARS diseases across the globe.
Type, application, and region are the three vital parameters that has been used for the classification of the global severe acute respiratory syndrome treatment market under those segments. Detailed analysis of the market is to provide stakeholders with a minute and crystal clear understanding of the global severe acute respiratory syndrome treatment market.
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Global Severe Acute Respiratory Syndrome Treatment Market: Notable Developments
One of the important market developments that give a quick view of the dynamics pertaining to the global severe acute respiratory syndrome treatment market is mentioned as below:
- On March 2020, US-based CEL-SCI Corporation made an announcement of the development of immunotherapy for the treatment of Covid-19 coronavirus utilizing its LEAPS peptide technology. This patented technology makes use of preserved regions of the protein found in coronavirus to instigate responses of protective cell mediated T cell, thereby potentially diminishing the virus load. This technology is beneficial for the construction of immunotherapeutic peptides that display both anti- inflammatory and antiviral properties.
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Global Severe Acute Respiratory Syndrome Treatment Market: Key Trends
The global severe acute respiratory syndrome treatment market is characterized by the presence of the following restraints, drivers, and opportunities.
Market to Prosper on the Back of Increased Prevalence of Diseases Caused by Coronavirus
The growth of global severe acute respiratory syndrome treatment market is mainly driven by a rise in the number of various contagious diseases caused by coronavirus associated to coronavirus. In addition, rapid expansion of the geriatric population together with favorable government policies and initiatives for ensuring precautionary treatments is estimated to propel expansion of the global severe acute respiratory syndrome treatment market in the forthcoming years. In accordance with the estimates of world health organization (WHO), there were around 170,000 incidences of severe acute respiratory syndrome coronavirus 2 or SARS-CoV-2 diseases in 2019. Such high prevalence of the diseases is likely to increase growth opportunities of the global severe acute respiratory syndrome treatment market in forthcoming years.
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Severe acute respiratory syndrome (SARS) related viruses are the new infectious diseases that have been plaguing the world since the dawn of the 21st century. Numerous therapies are needed to diminish the emergence and prevalence of such infectious diseases. In addition to that, growing need for immunization together with the augmented emphasis on the reduction of viral load are expected to boost the expansion of the global severe acute respiratory syndrome treatment market over the tenure of assessment, from 2020 to 2030.
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Global Severe Acute Respiratory Syndrome Treatment Market: Geographical Analysis
North America is estimated to emerge as one of the leading regions in the global severe acute respiratory syndrome treatment market over the period of forecast, from 2020 to 2030. Such dominance of the region is owing to the presence of the well-developed infrastructure in the healthcare segment. In addition, augmented government funding for the purpose of prevention of infectious diseases is likely to add to the growth of the market in North America.
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