- Pharmaceutical companies work with governments in the region to increase disease awareness and access to treatment
BUENOS AIRES, Argentina, March 13, 2014 /PRNewswire/ -- The high incidence of human immunodeficiency virus (HIV), Chagas, dengue and influenza H1N1, as well as the unavailability of adequate treatments for these infectious diseases, spell opportunities for pharmaceutical companies across Latin America to develop new, improved diagnosis and treatment methods.
New analysis from Frost & Sullivan (http://www.lifesciences.frost.com), A Product and Pipeline Analysis of the Latin American HIV, Chagas, Dengue, and Influenza H1N1 Therapeutics Markets, finds that Chagas ranks the highest in terms of relative prevalence, and the 50 percent efficacy rate of current treatments means that this is a market to be tapped and developed. HIV has the second-highest incidence rate, followed by dengue and influenza H1N1.
"Pharmaceutical companies in Latin America currently offer numerous generic drugs for the treatment of HIV at reduced prices owing to intense competition in the market," stated Frost & Sullivan Healthcare Industry Analyst Lucila Rocca. "Even though these drugs assure a longer and better life for patients, they do not cure the disease, thus leaving considerable room for more effective therapies."
Although there are presently no effective therapies available for the treatment of dengue, Sanofi-Pasteur will introduce a vaccine by 2016, which will prevent serotypes I, III and IV of the virus. As far as treatment of Chagas is concerned, a pro-drug of ravuconazole and posaconazole is expected to obtain regulatory approval in the next five years.
"Pharmaceutical companies should assist governments across Latin America to control the spread of HIV, Chagas, dengue, and influenza H1N1 – mostly resulting from poverty and poor housing – by educating the population on the prevalence and causes of these conditions," noted Rocca. "They should also collaborate to improve diagnostic methods and the patients' access to the system in Latin America."
Overall, the outlook for pharmaceutical companies is promising especially in view of the aging population in Latin America. However, it will be important for generic pharmaceutical companies to continue to offer products at lower prices as governments across the region, which already reimburse 100 percent of the cost of medication to patients infected with HIV and influenza H1N1, purchase large amounts of the lowest-priced medication and vaccines in the market.
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A Product and Pipeline Analysis of the Latin American HIV, Chagas, Dengue, and Influenza H1N1 Therapeutics Markets is part of the Life Sciences Growth Partnership Service program. Frost & Sullivan's related research services include: Trends, Opportunities, and Challenges for the Latin American Diabetes Therapeutics Market; China's 2013 Life Sciences Industry Outlook and Regulatory Review; Competitive Analysis of the Global Opioid Therapeutics Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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A Product and Pipeline Analysis of the Latin American HIV, Chagas, Dengue, and Influenza H1N1 Therapeutics Markets
Corporate Communications – Latin America
SOURCE Frost & Sullivan