Antiviral Therapies Market is Generating Revenue of $46.21 Billion by 2026, at CAGR 2.4% Growth Rate
Pune, Maharashtra, India, September 24 2020 (Wiredrelease) Allied Analytics –:According to the report by Allied Market Research, the global anti-viral therapies market is estimated to register a CAGR of 2.4% from 2019 to 2026. The research helps leading players and startups to devise new strategies based on current market trends and changing dynamics. Competitive landscape is mentioned in the report based on business segments, products portfolio, and strategic moves & developments of leading market players. Detailed segmentation assists in determining growing segments and determining further steps to capitalize on lucrative segments. Regional landscape is helpful in determining opportunities and driving factors of each region and taking further steps.
Antiviral therapies make use of drugs that inhibit the development of the virus causing infection. These drugs do not kill the target pathogen directly. These therapies are mostly particular against viral infections and do not cause side effects in the host’s body. Anti-viral therapies are widely used in treating HIV, herpes, hepatitis, influenza and other viral infections such as chicken pox and papilloma.
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The factors that drive the growth of the market include rise in prevalence of viral infections globally and presence of robust product pipeline with several pharmaceutical giants. Conversely, higher cost for treating these infections and shift in preference of the patients toward homeopathy and naturopathy are some of the key issues expected to hinder the antiviral therapies market growth. On the contrary, R&D for developing combination therapies to effectively eradicate the infections is anticipated to provide lucrative opportunities for the growth of the anti-viral therapies market during the forecast period.
The global antiviral therapies market is segmented on the basis of application, type, mechanism of action, and region. Based on type, the branded drugs segment contributed to the largest share in 2018, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the generic drugs segment is expected to register the highest CAGR of 2.5% from 2019 to 2026.
Based on mechanism of action, the nucleotide polymerase inhibitor segment accounted for the largest share in 2018, holding nearly two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the reverse transcriptase inhibitors segment is estimated to portray the highest CAGR of 3.1% during the forecast period.
Based on region, North America contributed the highest share, accounting for more than one-third of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 2.8% from 2019 to 2026.
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The Major Key Players Are:
The other Key players Are:
Key Findings Of The Study
• Nucleotide polymerase inhibitor segment occupied 38.44% share of the global anti-viral therapies market in 2018.
• By application, HIV segment is anticipated to grow with the highest CAGR throughout the forecast period.
• By type, the generic drugs segment accounted for 46.8% share of the market in 2018.
• Asia-Pacific is anticipated to grow at the 2.8% during the analysis period.
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