This is not a time-bound event. The answer depends upon many factors such as what precautionary measures are taken, the level of hygiene maintenance, the degree of research and study, our cooperation with our country’s administration, and also the way we react - either in panic or with patience, and how much we raise our awareness of this virus and its severity of negative impact on us.
It will recede after some time. The peak is still not over yet, it seems. Certainly, it cannot last for very long. However, these viruses become more active at certain times, and recede again, such as SARS, Ebola, HIV, etc have done in the past. They have a common origin. Each virus has its own character and tendency.