Global Antiviral Drugs Market is expected to grow at a CAGR of 4.69% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Antiviral Drugs Market By Type (Generic and Branded), Applications (Hepatitis, HIV, Herpes Simplex Virus, Influenza, Others), End Users (Hospitals, Laboratories, Research Institute), Regions and Global Forecast 2020-2027.
The global Antiviral Drugs market is expected to grow from USD 52.21 billion in 2019 to USD 75.33 billion by 2027, at a CAGR of 4.69% during the forecast period 2020-2027. North America dominated the anti-viral drug market, owing to the presence of key market players, and also due to the growing predominance of HIV. Asia-Pacific is expected to grow remarkably, during the forecast period owing to factors, such as the increasing awareness regarding HIV infection and increasing collaboration between public and private sectors. The MEA region witnessed highest demand of the antiviral drugs due to HIV, Ebola other viruses. The Europe has the most substantial market players in the countries such as Germany, Switzerland, and UK.
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GSK, Johnsons and Johnsons, Schering-Plough Corporation, Bristol-Myers-Squibb, Roche, AstraZeneca plc., Gilead, Rambaxy, Cipla, Abbott Laboratories, Merck, F. Hoffmann-La Roche Ltd., AbbVie Inc, AstraZeneca plc., AbbVie Inc & Sun Pharma are the key players of the global antiviral drug market. They are mainly concentrated on the development of new drugs and science to capture the significant market share.
WHO and Roche launch tests of implied coronavirus treatments: Roche is originating a clinical trial of a latent new Coronavirus drug and appending to fastest growing investments in resisting coronavirus after the World Health Organization uncovered plans for its test to study available medications.
Based on type the antiviral drug market is segmented as branded and generic. Generic drugs are copies of brand name drugs that have the equal dosage, intended use, effects, consequences, way of administration, risks, surety, and power as the original drug. In other words, their pharmacological results are similar to those of their brand-name counterparts. Application segment includes hepatitis, HIV, herpes simplex virus, influenza & others. The HIV has the largest share in the market. The south Sahara in MEA has the greatest number of the HIV patients. The requirement of the HIV’s antiviral drugs become the necessity. Based on end users the market segmented as hospitals, laboratories, research institute. Hospitals has the most substantial share in amongst the share.
About the report:
The global Antiviral Drugs market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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