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The global monkeypox therapeutics and vaccines market is estimated to be worth $140 million in 2023. Monkeypox is a viral disease, which is usually transmitted to humans from animals. The disease is known to have symptoms similar to those observed in smallpox patients, although it is considered to be clinically less severe. Monkeypox has recently emerged as a prominent orthopox virus affecting public health. In May 2022, multiple cases of the disease were reported in several non-endemic countries, thereby making monkeypox a disease of global concern. Consequently, in July 2022, the World Health Organization (WHO) declared global monkeypox outbreak a Public Health Emergency of International Concern (PHEIC). In fact, till date, over 71,000 cases of the disease have been reported, globally. In response to the monkeypox outbreak, active research and development efforts are underway to develop various therapeutics and vaccines for the treatment and prevention of monkeypox. Presently, more than 25 therapeutics / vaccines are commercialized / under development for the treatment and prevention of monkeypox. With the increase in the number of monkeypox cases globally, the demand for testing has also increased.
The Monkeypox Treatment Market - Distribution by Type of Product (Therapeutics and Vaccines), Drug Developers, Drug Candidates, Type of Diagnostic Kit (PCR Kits, Antigen Detection Kits and Antibody Detection Kits), Type of End User (Hospitals and Clinics, Diagnostic Laboratories and Other End Users) and Key Geographical Regions ( North America (US, Canada), Europe (UK, Germany, Spain, France, Italy, Rest Of Europe) and Asia-Pacific (Japan, Australia)): Industry Trends and Global Forecasts, 2023-2035 report features an extensive study of the current market landscape and future opportunity for the players focused on the development of monkeypox therapeutics, vaccines and diagnostic kits. The report answers many key questions related to this domain.
Due to the surge in monkeypox cases in 2022, globally, there is a growing demand for monkeypox vaccines, therapeutics and diagnostic kits. With only a few therapeutics / vaccines currently approved or granted special access for the treatment / prevention of the monkeypox disease, the existing demand for effective monkeypox vaccines and therapeutics is still unmet. Additionally, the approved monkeypox vaccines are available at a high price, making it inaccessible to general population in developing countries, where the disease is endemic. In order to contain an outbreak, point-of-care diagnostics is very critical to ensure timely isolation and enable contact tracing of infected individuals. Therefore, considering the demand for diagnostic solutions for monkeypox virus, and the associated financial opportunity, both large companies and start-ups are competing to gain a foothold in this market.
The current monkeypox therapeutics and vaccines landscape is fragmented, featuring a mix of several large, mid-sized and small companies, which are engaged in the development of a number of therapy and vaccine candidates against the monkeypox virus. It is worth mentioning that, till date, only six therapeutics / vaccines, including ACAM2000®, IMVANEX® / JYNNEOS® / IMVAMUNE® and Cidofovir / Vistide, have either received approval or been granted special access for the treatment / prevention of the monkeypox virus infection. Additionally, more than 20 monkeypox therapeutics and vaccines are in the development pipeline. Post the 2022 outbreak of the monkeypox disease globally, interest in this area of research has grown significantly.
At present, more than 165 diagnostic kits are available in the market for the detection of monkeypox virus. It is worth highlighting that over 75% of the monkeypox diagnostic kits use polymerase chain reaction (PCR) as the detection technique, followed by antigen detection kits and antibody detection kits. In pursuit of gaining a competitive edge, monkeypox diagnostic kit providers are presently undertaking various initiatives in order to expand their existing capabilities and augment their respective product portfolios.
More than 70 countries across the world reported cases of monkeypox, with the maximum cases being reported in non-endemic regions. This outbreak has posed the risk of monkeypox virus spreading beyond endemic areas. Consequently, governments have undertaken several initiatives to increase awareness about monkeypox disease. Big pharma players are carrying out initiatives to strengthen their respective product portfolios focused on monkeypox disease. The growing cases of monkeypox disease and availability of limited number of therapeutics / vaccines / diagnostic solutions are the key factors driving the growth of this market.
Due to the increase in incidence of monkeypox infections and the growing demand for monkeypox vaccines and therapeutics, the monkeypox market is anticipated to witness a steady growth in the foreseen future. Presently, close to 80% of the monkeypox therapeutics and vaccines market is captured by players based in North America and Asia-Pacific.
The market for monkeypox diagnostic kits is anticipated to increase steadily in the foreseeable future due to the growing cases of the disease and the possibility of future outbreaks. Currently, over 60% of the diagnostic kits market is captured by players based in Asia-Pacific.
Examples of key players engaged in the monkeypox therapeutics and vaccines domain include (which have also been captured in this report) Bavarian Nordic and Emergent BioSolutions. Further, key players engaged in the monkeypox diagnostic kits domain include (which have also been captured in this report) ACON Laboratories, altona Diagnostics, Jiangsu Bioperfectus Technologies, Elabscience, Goldsite Diagnostics, Lansion Biotechnology, DNA Software and Hangzhou Testsea Biotechnology.
Several recent developments have taken place in the field of monkeypox treatment. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.
The study presents an in-depth analysis of the various firms / organizations that are engaged in this domain, across different segments as defined in the below table:
2023 – 2035
Type of Product
|Company 1, Company 2, Company 3, Company 4 and Company 5|
|Drug Candidate 1, Drug Candidate 2, Drug Candidate 3, Drug Candidate 4, Drug Candidate 5, Drug Candidate 6 and Drug Candidate 7|
Types of Kits
PCR Kits, Antigen Detection Kits and Antibody Detection Kits
Type of End Users
|Hospitals and Clinics, Diagnotic Laboratories and Other End Users|
|Key Geographical Regions||North America (US and Canada), Europe (UK, France, Germany, Spain, Italy, Rest of EU) and Asia-Pacific (Japan and Australia)|
|Key Companies Profiled||Software, Elabscience, Goldsite Diagnostics, Hangzhou Testsea Biotechnology, Jiangsu Bioperfectus Technologies, Lansion Biotechnology, Bavarian Nordic and Emergent BioSolutions|
|Customization Scope||15% Free Customization Option|
|PowerPoint Presentation (Complimentary)||Available|
|Excel Data Packs (Complimentary)||Market Landscape Analysis, Product Competitiveness Analysis, Partnership and Collaboration Analysis, Grant Analysis, Publication Analysis, Porter's Five Forces Analysis, Market Forecast an Opportunity Analysis|
Amongst other elements, the report also includes:
One of the key objectives of this report was to estimate the existing market opportunity and the future growth potential of the monkeypox therapeutics / vaccines and diagnostic kits over the coming years. Based on multiple parameters, such as incidences of monkeypox, target population to be vaccinated / treated, cost of therapeutics / vaccines, we have provided an informed estimate on the evolution of the monkeypox therapeutics / vaccines market for the period 2023-2035. Similarly, we have estimated the monkeypox diagnostic kits market for the period 2023-2035 based on multiple parameters, such as incidences of monkeypox, testing population across the world, popularity of type of kits available and cost of kits. The report features the likely distribution of the current and forecasted opportunity across various types of products (therapeutics and vaccines), drug developers, drug candidates and key geographical regions (North America (US, Canada), Europe (UK, Germany, Spain, France, Italy, Rest of Europe) and Asia-Pacific (Japan, Australia)) for monkeypox therapeutics / vaccines market. For monkeypox diagnostic kits market, the report features likely distribution of the current and forecasted opportunity across various types of kits (PCR Kits, Antigen Detection Kits and Antibody Detection Kits), type of end users (Hospitals and Clinics, Diagnostic Laboratories and Other End Users) and key geographical regions (North America (US, Canada), Europe (UK, Germany, Spain, France, Italy, Rest of Europe) and Asia-Pacific (Japan, Australia))
All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this report are in USD, unless otherwise specified.
The opinions and insights presented in the report were also influenced by discussions held with senior stakeholders in the industry. The report features detailed transcripts of interviews held with the following individuals: