According to a new report published by Allied Market Research, titled, โLassa Virus Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ Lassa virus, also known as the Lassa mammarenavirus (LASV), is the arenavirus known to cause Lassa hemorrhagic fever in humans and other primates. Lassa virus requires biosafety level-equivalent containments. It is an endemic in many West African countries such as the Republic of Guinea, Liberia, Nigeria, and Sierra Leona, where the annual number of Lassa viral fever cases is between 300,000 and 500,000, resulting in the annual death of 5,000 infected patients. The spread of the disease is linked to the village of Lassa in Nigeria where a missionary nurse first contracted it in 1969. In humans, the Lassa virus is spread through contact with infected Mastomyl natalensis, the multimammate rat.
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COVID-19 Impact Analysis
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
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Lassa virus is commonly widespread in some areas of Sierra Leone and Liberia; however, international travels from such regions to all corners of the world have increased the chances of the spreading of the virus. This factor is further contributing to the growth of the Lassa virus market.
However, the difficulty to diagnose the Lassa virus based on a patient’s clinical presentation and the dearth of skilled healthcare professionals in low-income countries are some of the factors that are impeding the growth of the Lassa virus market.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This study presents the analytical depiction of the Lassa virus industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Lassa virus market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
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Key Market Players
- Zydus Pharmaceuticals
- Valeant pharmaceuticals international
- F. Hoffmann La Roche AG
- Sandoz Inc. (Novartis AG)
- Teva Pharmaceuticals
- Three Rivers Pharmaceuticals LLC
- Schering-Plough Research Institute
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Questions Answered in the Lassa Virus Market Report
- Which are the leading players active in the Lassa virus market?
- How is each segment of the market expected to grow during the forecast period?
- What are the adoption trends for the Lassa virus in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps in the market?
- What are the impacts of COVID-19 on the industry?
- What is the Lassa virus?
- What are the current and predicted trends of the market?
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