The Rising Prevalence of Infections to Boost the Growth of Antiviral Drugs Market


Antiviral Drugs Market, by Drug Class (DNA Polymerase Inhibitors, Reverse Transcriptase Inhibitors, Protease Inhibitors, Neuraminidase Inhibitors and Others), by Type (Branded and Generics), by Application (HIV, Hepatitis, Herpes, Influenza, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2028

The global Antiviral Drugs Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights. Antiviral drugs are a kind of drugs that aid the body fight against some viruses that can lead to disease. Antiviral drugs are also inhibitive. They can save one from being infected virally or spreading the virus to others.

The global Antiviral Drugs Market is estimated to be valued at US$ 56,480.7 million in 2021 and is expected to exhibit a CAGR of 4.2% over the forecast period (2021-2028).

Competitive Landscape:

Key players involved in the global antiviral drugs market are Aurobindo Pharma, F. Hoffmann-La Roche AG, GlaxoSmithKline plc. AbbVie Inc., Merck & Co., Inc., Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc., Dr. Reddy's Laboratories Ltd., Cipla Inc., and Gilead Sciences.

Market Key Drivers:

The rising prevalence of infections such as HIV and influenza is expected to augment the growth of global market. For instance, as per UNAIDS, above 37 million people globally were affected with HIV globally in 2020.

The rising cases of hepatitis is projected to propel the growth of global market. For instance, as per WHO, 325 million people are suffering from hepatitis globally in 2020.

Covid-19 Impact Analysis:

The COVID-19 pandemic has adversely affected the need for antiviral drugs globally. The therapy of novel coronavirus has expanded the need for broad-spectrum antiviral drugs to control the disorder. Remdesivir, oseltamivir, and other combination drugs are heavily suggested for the therapy of COVID-19.

Key Takeaways:

The global market is anticipated to exhibit a CAGR of XX % during the forecast period owing to rising approval and anticipated commercialization of new drugs for viral infections. For instance, in November 2020, the U.S. FDA has granted a substitute novel Drug Application for Roche’s Xofluza for the therapy of influenza in individuals aged 12 years and above.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global market due to rising cases of hepatitis, HIV and rising regulatory initiatives. For instance, the U.S. regulatory is undertaking several measures consisting expenditure in infectious disorder programs and increasing the Research & Development activities of development treatments to control viral infections.

Comments

Post a Comment

Popular posts from this blog

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more