Respiratory Syncytial Virus Market Overview Market size
Respiratory Syncytial Virus, commonly known as Human Respiratory Syncytial Virus, is a contagious virus that affects the respiratory system and causes lung illness in the body. Children are most commonly infected by the virus. The Centers for Disease Control and Prevention (CDC) estimate that one to two out of every 100 children under the age of six months who have Respiratory Syncytial Virus (RSV) infection may require hospitalization. According to information from the National Institutes of Health (NIH), RSV affects more than 64 million individuals annually on a global scale. The Global Respiratory Syncytial Virus Market revenue was around US$ 1823.3 million in 2022 and is estimated to reach US$ 4202.6 million by 2027, growing at a compound annual growth rate (CAGR) of 14.9% over the projection period from 2022 to 2027. The market has experienced considerable growth as a result of the respiratory syncytial virus's rising prevalence, and the discovery of tailored medicines...