What is Antiviral Drugs Treatment Market?
Antiviral drugs are a type of medicine that has been used to treat viral infections such as measles, HIV, influenza, and hepatitis. Vaccines are widely used to prescribe such medicines. Furthermore, the majority of these medications are used to treat common viral infections, while only a few (full-spectrum antiviral drugs) are effective against a wide range of viruses. Antiviral drug demand is expected to increase as the incidence of viral infections such as HIV, hepatitis, respiratory syncytial virus (RSV), and influenza increases. Furthermore, the new COVID-19 situation has enhanced influenza virus surveillance among the general public. Along with checking for COVID-19 in the test sample offered by the symptomatic patient, numerous countries are now testing for influenza virus, which has improved the disease's diagnosis. WHO also encourages countries to maintain routine influenza surveillance and, where resources allow, test samples from influenza surveillance sites for influenza and SARS-CoV-2 viruses.
Highlights from Antiviral Drugs Treatment Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AbbVie Inc. (United States), AstraZeneca(United Kingdom), Boehringer Ingelheim (Germany), Bristol-Meyrs Squibb Company (United States), Cipla Inc. (India), Gilead Sciences Inc. (United States), GlaxoSmithKline PLC (United Kingdom), Johnson & Johnson (United States), Novartis AG (Switzerland), Pfizer Inc. (United States) and Sanofi (France) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Antiviral Drugs Treatment market throughout the forecasted period.
AbbVie Inc. (United States), AstraZeneca(United Kingdom), Boehringer Ingelheim (Germany), Bristol-Meyrs Squibb Company (United States), Cipla Inc. (India), Gilead Sciences Inc. (United States), GlaxoSmithKline PLC (United Kingdom), Johnson & Johnson (United States), Novartis AG (Switzerland), Pfizer Inc. (United States) and Sanofi (France) are some of the key players profiled in the study. Antiviral Drugs Treatment Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hepatitis, HIV/AIDS, Herpes and Influenza |
Type | Reverse Transcriptase Inhibitors, Protease Inhibitors, Fusion Inhibitors and Immune System Modulators |
On the basis of geography, the market of Antiviral Drugs Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Molecular Biology Promoting Drug Development
Market Growth Drivers:
Increasing Initiatives to Curb Viral Diseases by Public and Private Companies and Advancements in Epidemiology and Growing Awareness of Viral Diseases
Challenges:
Increasing Incidence of Toxic Side Effects
Restraints:
High Cost of Antiviral Drug Treatment
Opportunities:
Rising Government Investment on Research and Development
Key Target Audience
Antiviral Drug Treatment Providers, Healthcare Industry, Pharmaceutical Industry, Regulatory Bodies and Governmental Bodies
Market Leaders & Development Strategies
In March 2022, AbbVie partnered with Scripps Research to developed novel, direct-acting antiviral treatments for COVID-19. Both companies are biomedical research and drug discovery institute. This partnership helped company to expand its presence in antiviral drugs treatment market
In October 2020, Gilead Sciences, Inc. received the U.S. Food and Drug Administration (FDA) approval for its antiviral drug Veklury (remdesivir) for the treatment of patients with COVID-19 requiring hospitalization.