Schmallenberg Virus Treatment Market Provides Novel Therapy Approaches Owing to Growing Need for Disease Management

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The Schmallenberg virus (SBV) is an arthropod-borne Orthobunyavirus primarily affecting ruminants. It was first detected in 2011 in Germany and has since spread across parts of Europe. The virus causes abortions, stillbirths and birth defects in cattle, sheep, and goats. Clinical signs in adult animals are generally mild or absent. Existing SBV treatment focuses on vaccination and disease management. Novel drug and gene therapy approaches are being developed and tested that directly target the virus and enhance host defenses.

The global Schmallenberg Virus Treatment Market is estimated to be valued at US$ 110 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing need for effective disease management is a key driver for the Global Schmallenberg virus treatment market size. With no approved drugs available, vaccination and supportive care remain the primary approach. However, vaccination does not protect against all strains and disease outcomes can still occur. Several biotech companies are developing RNA interference-based drugs, monoclonal antibody therapies, and gene therapies that inhibit viral replication or enhance host immunity. One such product recently progressed to clinical trials. If successful, it could receive approval as the first authorized treatment and transform SBV management. Additionally, the broad spectrum activity of newer therapeutic approaches may make them suitable for other related Orthobunyaviruses of agricultural importance. This potential for a widened target market further boosts investment in SBV treatment research and development.

SWOT Analysis

Strength: Schmallenberg virus is an emerging viral disease that primarily affects cattle, sheep and goats. Some of the key strengths of treating Schmallenberg virus include easy diagnosis through RT-PCR testing of blood or tissue samples, and the availability of supportive care for infected animals showing clinical signs. Treatment options focus on alleviating symptoms and supporting recovery.

Weakness: Currently there is no approved vaccine or specific antiviral treatment available for Schmallenberg virus. Developing new treatment options can be an expensive and time-consuming process requiring extensive research and clinical trials. The virus is also not considered a high priority disease in many countries compared to other livestock pathogens.

Opportunity: As Schmallenberg virus continues to spread and cause outbreaks in new geographic regions, focus on research and development of effective therapeutic and preventive options is expected to increase. An approved vaccine could open significant commercial opportunities by helping reduce the impact of the disease on affected farms and livestock production. Public funding support may aid innovation in this neglected area.

Threats: Potential threats include the emergence of new viral strains resistant to future vaccines. Spread to other susceptible species beyond the main livestock could complicate control efforts. Climate change enabling further northward expansion of vectors carrying the virus also poses a long term threat. Economic impact may rise with unchecked transmission over years.

Key Takeaways

The global Schmallenberg Virus Treatment Market is estimated to be valued at US$ 110 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030.

Regional analysis indicates Western Europe currently dominates market share due to high prevalence of the virus in countries like Germany, France and the Netherlands. According to recent surveys, over 70% of dairy cattle in these countries show evidence of exposure to Schmallenberg virus. Supportive veterinary care including fluids, vitamins and anti-inflammatories form the mainstay of present treatment strategies adopted on affected farms.

Key players operating in the Schmallenberg Virus Treatment Market are ABB Ltd, Toshiba International Corporation, Hitachi Ltd, Emerson Electric Company, Robert Bosch GmbH, Panasonic Corporation, Omron Corporation, Honeywell International Inc., Siemens AG, Rockwell Automation, Schneider Electric SE, and Mitsubishi Electric Corporation. While no specific drugs are available, these companies are engaged in vaccine and diagnostic development efforts expected to drive future market revenues.

Get More Insights On This Topic: https://www.newswirestats.com/schmallenberg-virus-treatment-market-forecast-outlook-trend-2023-2030/

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