Global Epstein-Barr Virus Diagnosis and Treatment Market 2023-2030

Global Epstein-Barr Virus Diagnosis and Treatment Market 2023-2030

Global Epstein - Barr Virus Diagnosis and Treatment Market Size, Share & Trends Analysis Report by Treatment (Lab-Based Test and POC test), by Diagnosis (Antiviral Drugs, and Other Drugs), Forecast Period (2023-2030)

The global Epstein - Barr virus diagnosis and treatment market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2023-2030). The considerable prevalence of the Epstein-Barr virus (EBV) is a key factor creating demand for its treatment which in turn driving the global EBV diagnosis and treatment market. The EBV is a herpes virus that normally resides after infection as an organism in the epithelial tissues of the throat and lymphocytes. Most humans carry the virus and blood tests will often show low levels of EBV antibodies. Moreover, Multiple sclerosis (MS) is an incurable autoimmune disease that afflicts 2.8 million people worldwide. People diagnosed with MS experience progressive damage to their central nervous system and can lose about seven years of their life expectancy, according to the National Multiple Sclerosis Society. Researchers at the Harvard T.H. Chan School of Public Health determined that the biggest risk factor for contracting the disease may be previous infection with the Epstein-Barr virus (EBV).

Segmental Outlook

The global Epstein - Barr virus diagnosis and treatment market is segmented on the diagnosis, and treatment. Based on the diagnosis, the market is sub-segmented into lab-based test and POC test. Based on the treatment, the market is sub-segmented into antiviral drugs (Acyclovir, ganciclovir, desciclovir), and other drugs (Anti-inflammatory, Antipyretic and other). Among the diagnosis, the Point of care sub-segment is anticipated to hold a considerable share of the market Point-of-care testing tools have opened up a wide range of options in terms of the indications that can be diagnosed in settings other than a laboratory.

The Antiviral drug Sub-Segment is Anticipated to Hold a Considerable Share of the Global Epstein - Barr virus diagnosis and Treatment Market

Among the treatment, the antiviral test sub-segment is expected to hold a considerable share of the global Epstein - Barr virus diagnosis and Treatment market. Antiviral drugs are the most common drug given in case of infectious diseases and one the major infectious disease The infectious mononucleosis, also called “mono,” is a contagious disease. EBV is the most common cause of infectious mononucleosis, but other viruses can also cause this disease. It is common among teenagers and young adults, especially college students. At least one out of four teenagers and young adults who get infected with EBV will develop infectious mononucleosis. A history of infection with EBV known for causing infectious mononucleosis, or mono, and certain types of cancer is believed to be the strongest risk factor for multiple sclerosis (MS).

Regional Outlook

The global Epstein - Barr virus diagnosis and treatment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe. The increasing autoimmune disease cases and the resulting increase in demand for antibody tests, as well as government initiatives to raise public awareness of the advantages of health insurance programs, are some of the key factors anticipated to propel the regional market growth.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Epstein - Barr virus diagnosis and Treatment Market

Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to rise number of generic population and increase in number of clinical trials owing to rise in cases of new diseases in the region. In May 2022, The National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), has launched an early-stage clinical trial to evaluate an investigational preventative vaccine for Epstein-Barr virus (EBV). EBV is the primary cause of infectious mononucleosis (“mono”) and is associated with certain cancers and autoimmune diseases. The Phase 1 study is one of only two studies to test an investigational EBV vaccine in more than a decade. It will be conducted at the NIH Clinical Center in Bethesda, Maryland.

Hence, there is considerable shift of the country towards the adoption of the Epstein - Barr virus diagnosis and Treatment market solutions. According to the Indian Council of Medical Research, China sent 500,000 rapid antibody testing kits to India in April 2020. (ICMR). Additionally, Chinese R&D firms are concentrating more on developing bio-specific antibody tests whereas the majority of foreign firms are primarily concerned with anti-CD3 antibodies. The Chinese antibody testing market is expanding due to the discovery of innovative bio-specific antibodies and a number of anticipated product launch events.

Market Players Outlook

The major companies serving the Epstein - Barr virus diagnosis and treatment market include Advenchen Laboratories LLC, Arno Therapeutics Inc, bluebird bio Inc, Cell Medica Ltd, Epiphany Biosciences Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, ModeX Therapeutics and Merck announced the collaboration, which is expected to advance the development of ModeX’s MDX-2201, an investigational vaccine targeting the Epstein-Barr virus (EBV). Under the agreement, the two companies will work together to continue the preclinical development of MDX-2201. They also will collaborate to file an investigational new drug (IND) application with the US Food and Drug Administration requesting clearance to test the vaccine candidate for EBV in clinical trials.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global Epstein - Barr virus diagnosis and Treatment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.