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Classified in: Health, Covid-19 virus
Subject: SVY

Novel Coronavirus (COVID-19) Market Assessment 2020: The Global Landscape, Clinical Trial Analysis, Diagnostic Tests, Emerging Trends, Grants, Investments, Profiles of Key Players


DUBLIN, Feb. 27, 2020 /PRNewswire/ -- The "Novel Coronavirus (COVID-19): Preventive Vaccines, Therapeutics and Diagnostics in Development" report has been added to ResearchAndMarkets.com's offering.

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Novel Coronavirus (COVID-19): Preventive Vaccines, Therapeutics and Diagnostics in Development features an extensive study of the vaccine/drug candidates and diagnostic tests being investigated for COVID-19 infection prevention, treatment and diagnosis.

Example Insights

  1. More than 30 drug developers presently claim to be developing drugs for the treatment of COVID-19 infections. The market landscape is fragmented, featuring a mix of companies of all sizes; however, large and very-large companies represent 60% of the overall number of industry stakeholders. It is worth highlighting that more than 30% of the developers involved in the development of therapeutic agents are academic institutes.
  2. Besides DNA and RNA vaccines, companies are focused on monoclonal antibodies, as well as small molecule inhibitors. The majority of the companies are evaluating biologic drug candidates, while some of the players are working on repurposing previously approved small molecule drug candidates for the treatment of patients infected with COVID-19.
  3. Close to 25 clinical trials have already been registered enrolling over 2000 patients, to date. More than 80% of the patients enrolled in the clinical trials are based in China. Some of the top clinical trial sponsors include (illustrative list) Huazhong University of Science and Technology, French National Institute of Health and Medical Research, Beijing 302 Hospital, Shanghai Public Health Clinical Center, Peking Union Medical College Hospital, Capital Medical University, and Chinese Academy of Medical Sciences.
  4. Over 40 diagnostic tests are under development for timely detection of the infection. More than 50% of the diagnostic tests are being developed by the companies based in Asia Pacific, with over 85% of these based in China and South Korea. Of the disclosed diagnostic tests, close to 60% are based on RT-PCR.
  5. Evaluation of historical grant data has revealed over 140 KOLs related to coronavirus. Since 1995, over 2000 NIH funded grants have been awarded for research related to coronavirus with cumulative grant amount totaling over USD 2 billion, provided through various funding mechanisms.

New coronavirus (COVID-19) is a previously unidentified strain of coronavirus, that first emerged in the Chinese city of Wuhan in December 2019. The virus belongs to the same family as the virus that causes severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS).

On 30th January 2020, the World Health Organization (WHO) declared the coronavirus outbreak as a global health emergency. In fact, the virus is estimated to have infected more than 45,000 individuals, around the globe (estimates till the second week of February 2020). In order to deal with this outbreak and prevent the spread of virus to new geographies, countries are adopting various precautions.

The WHO has recently released the Strategic Preparedness and Response Plan (SPRP) that lays out activities and resources needed by international health organizations globally, including WHO, to implement priority public health measures in support of countries to prepare and respond to COVID-19 for a period between February to April 2020.

Close to 30 pharmaceutical/biotechnology companies, government agencies, and research institutes have disclosed research programs focused on developing vaccines/drugs to prevent or treat COVID-19 infections. In addition, more than 40 diagnostic tests are currently being developed for the effective diagnosis of patients.

The rising healthcare burden of the disease has also attracted significant funding to fuel drug development efforts in this space; recent funding initiatives include USD 100 million funding by Bill & Melinda Gates Foundation, and USD 26 million vaccine development fund by the UK government.

Amongst other elements, the report includes:

All actual figures have been sourced and analyzed from publicly available information forums. Financial figures mentioned in this report are in USD, unless otherwise specified.

For more information about this report visit https://www.researchandmarkets.com/r/rtke6i

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


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SOURCE Research and Markets


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