2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of the Synagis Market?

The increasing prevalence of chronic respiratory conditions is expected to propel the growth of the synagis market going forward. Chronic respiratory conditions are prolonged illnesses that impact the lungs and airways, leading to ongoing breathing problems. The prevalence of chronic respiratory conditions can be attributed to several factors, including an aging population, smoking and lifestyle choices, genetic and occupational factors, and environmental pollution. Synagis (palivizumab) prevents severe respiratory syncytial virus (RSV) infections in high-risk infants and children, reducing complications and exacerbations in those with chronic respiratory conditions. For instance, in December 2023, according to a report published by Public Health Scotland, a Scotland-based government organization, the prevalence of doctor-diagnosed asthma was 16% in 2021 and increased to 17% in 2022. Therefore, the increasing prevalence of chronic respiratory conditions is driving the growth of the synagis market.

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How Will the Growth Rate of theSynagis Market Impact Industry Trends by 2034?

The synagis market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to increasing spending on chronic illnesses, increase in research and development investment, rising disease burden, increasing hospitalization, and Increasing prevalence of chronic respiratory conditions.

The synagis market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to rising R&D expenditures, a rise in the prevalence of RSV, growing demand for personalized and telemedicine, a growing aging population, increasing pediatric population in emerging markets. Major trends in the forecast period include the development of RSV treatment, biosimilar development, clinical trial outcomes, advances in treatment and regulatory approvals, and the introduction of combination vaccines.

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What Key Market Trends and Innovations Are Shaping the Future of theSynagis Industry?

The key trend in the synagis market is obtaining drug approval by authorities to gain a long-awaited preventive therapy for respiratory syncytial virus. Drug approval is the process by which regulatory authorities evaluate and authorize a new drug for sale and use, ensuring its safety, efficacy, and quality based on clinical trial data. For instance, in September 2023, AstraZeneca Pharma India Ltd., an India-based biopharmaceutical company, obtained approval from the Central Drugs Standard Control Organisation (CDSCO) to market palivizumab, a preventive therapy for respiratory syncytial virus (RSV). This injection covers the palivizumab 100 mg/ml injection, which is available in 50 mg/0.5 ml and 100 mg/ml presentations in single-dose vials for intramuscular administration. Palivizumab is indicated for use in infants born at 35 weeks of gestation or less, children requiring treatment for bronchopulmonary dysplasia (BPD), and those with hemodynamically significant congenital heart disease (CHD). This approval marks an important step in improving RSV care in India, as it is the first preventive therapy for RSV available in the country.

Which Companies Are Leading the Charge in Expanding theSynagis Market Growth?

Major companies operating in the synagis market are Swedish Orphan Biovitrum AB

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How is the Global Synagis Market Segemented?

The synagis market covered in this report is segmented –

1) By Clinical Indication: Respiratory Syncytial Virus (RSV) Prophylaxis; Premature Infants With Bronchopulmonary Dysplasia (BPD); Congenital Heart Disease (CHD); Immunocompromised Infants And Children

2) By Formulation: 50 Milligrams (mg)/0.5 Milliliters (mL); 100 Milligrams (mg)/1 Milliliters (mL)

3) By Distribution Channel: Wholesale Distributors; Online Retailers

4) By End-User: Pediatric; Adults

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Which Geographics are Influencing the Growth of the Synagis Market?

North America was the largest region in the synagis market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the synagis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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