Facts & Factors Predicts that by 2026 the Size of the Antiviral Drug Resistance Market Grow by 6.5% and Reach USD 4,000 Million
According to Facts and Factors, the global antiviral drug resistance market surpassed USD 2,500 Million in 2019. The market is expected to grow at a CAGR of around 6.5% and is anticipated to reach close to USD 4,000 Million by 2026.
Antiviral drug resistance refers to a decline in the effectiveness of antiviral drugs that inhibit the proliferation of virion within the host cells and eventually eradicate the infectious particles from the host system. Any virus can acquire drug resistance characteristics through particular mutations in the genotype. In some instances, the drugs may completely lose their virus targeting efficiency, which is one of the mounting concerns among the patients with weak immune systems.
The two key factors significantly driving the global antiviral drug resistance market are the constantly rising incidences of hepatitis infections and the increasing number of HIV/AIDS cases worldwide. However, the huge investment in developing novel & effective antiviral drugs along with the increasing prevalence of natural & organic products for treatment purposes are likely to impede the expansion of the global antiviral drug resistance market during the forecast period.
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The “HIV infection” category under disease indication segment anticipates a splendid growth during the forecast period
The HIV infection segment will witness remarkable growth in the global antiviral drug resistance market segregated on the basis of disease indication. Moreover, the segment is likely to dominate the global industry in the coming years. The key factor considerably flourishing the HIV infection segment is the extensive hike in the number of HIV infection incidences.
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North America is likely to hold the major revenue share generated by the global market during the forecast period
From the past few years, North America has been capturing the major share of the global drug market. Moreover, the regional is anticipated to attain the dominating position throughout the study timeframe owing to the establishment of the majority of the leading players in North America.
Some of the key players driving the global antiviral drug resistance market are Seimens AG, Bio-Rad Laboratories Inc., Abbott, Trinity Biotech, ACON Laboratories Inc., F. Hoffmann-La Roche Ltd., AccuBioTech Co. Ltd., Danaher, and BioMérieux SA, among others.
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This report segments the global antiviral drug resistance market as follows:
Global Antiviral Drug Resistance Market: Product Segmentation Analysis
- Kits and Reagents
Global Antiviral Drug Resistance Market: Disease Indication Segmentation Analysis
- Cytomegalovirus (CMV)
- Human Immunodeficiency Virus (HIV)
Global Antiviral Drug Resistance Market: Technology Segmentation Analysis
- Next-Generation Sequencing (NGS)
- Polymerase Chain Reaction (PCR)
- Other Technologies
Global Antiviral Drug Resistance Market:End-User Segmentation Analysis
- Research Institutes
- Hospitals & Clinics
- Diagnostic or Pathology Laboratories
Global Antiviral drug resistance Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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