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Antiviral Drugs Market Features of Investment Opportunities, Market Share & Future Trends to 2026 | Gilead Sciences, F. Hoffmann-La Roche AG, GlaxoSmithKline, and more
Antiviral Drugs Market
According to the current analysis of Reports and Data, the global antiviral drugs market was valued at USD 49.87 billion in 2018 and is expected to reach USD 71.48 billion by year 2026, at a CAGR of 4.6%. Antiviral drugs help to diminish the duration of flu symptoms in otherwise healthy children and adults and may lessen the severity of common flu symptoms. Antiviral drugs are medicines that reduce the intensity of flu viruses to reproduce.
To get a sample pdf with the skeleton of the Global Antiviral Drugs Market Report, click here: https://www.reportsanddata.com/sample-enquiry-form/1734
Key market players in the global antiviral drugs market include, Gilead Sciences, F. Hoffmann-La Roche AG, GlaxoSmithKline, Bristol-Myers-Squibb, AbbVie, Johnson & Johnson, Merck & Co., Aurobindo Pharma, Cipla, and Dr Reddy's
For the purpose of this study, Reports and Data have segmented the Global Antiviral Drugs market on the basis of type, application, mechanism of action and region:
Type (Revenue, USD Million; 2016-2026)
Branded
Generic
Application (Revenue, USD Million; 2016-2026)
HIV
Hepatitis
Herpes Simplex Virus
Influenza
Others
Mechanism of Action (Revenue, USD Million; 2016-2026)
Reverse transcriptase inhibitors
Nucleotide polymerase inhibitors
Protease inhibitors
Others
Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Rest of the Europe
Asia Pacific
Middle East & Africa
Latin America
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Most antivirals are used for specific viral infections, while a broad-spectrum antiviral is effective against a wide range of viruses. Antiviral drugs are suggested for both treatment and prevention of flu. Antiviral drugs work best when consumed within 48 hours of beginning of flu symptoms, but they may still offer benefits when taken later depending upon the nature of the flu. They may also reduce the risk of complications such as ear infections in children, respiratory complications requiring antibiotics, and hospitalization in adults. Viruses use the host's cells to replicate thus, creating a safe and effective antiviral drug is tough.
Rising incidences of viral infection along with increase in public awareness, rise in healthcare expenditure, effective investments on R&D and development of severe and life-threatening diseases is likely to foster the growth of the global antiviral drugs market. Furthermore, Huge target population is provided by increasing frequency of STIs caused by human immunodeficiency virus and human papillomavirus.
Further key findings from the report suggest
Growing incidences of HIV is likely to create higher demand for global antiviral drugs market. According to the statistics estimated by World Health Organization, around 70 million people have been infected with the HIV virus and about 35 million people have died of HIV
Owing to the introduction of new and solid drugs along with effective R&D practices, hepatitis registered as the fastest growing segment in the applications with highest compounded annual growth rate of 5.3%
North America held a market share of 35.1% in the year 2018. High level of R&D in the region makes North America to have chief market share in the market
Complications of influenza, and other illnesses that resemble influenza, may require different treatment and in some cases, urgent medical attention which prescribes antiviral drugs for curation. Influenza viruses can become resistant to specific anti-influenza antiviral drugs, and all of these drugs may have side effects
HIV segment in the applications is likely to hold the highest market share during the forecast period due to growing incidences of HIV infections across the globe. HIV held a market share of roughly, 49.1% in the year 2018
Asia-Pacific regions registers the fastest growth in the antiviral drugs market with highest CAGR of 5.5%. Rising awareness regarding HIV and initiatives taken by the governments in the region to encourage the treatment of the disease will fuel the market growth in APAC
Owing to the introduction of new and solid drugs along with effective R&D practices, hepatitis registered as the fastest growing segment in the applications with highest compounded annual growth rate of 5.3%
North America held a market share of 35.1% in the year 2018. High level of R&D in the region makes North America to have chief market share in the market
Branded drugs segment dominated the antiviral drugs market with a market share of approximately, 53.2% due to availability of wide range of products along with high prescription rate
Find the extensive Report Description, TOC and Table of Figure @ https://www.reportsanddata.com/report-detail/antiviral-drugs-market
Major selling points of this research report
Gives the reader a holistic comprehension of the global market
Identifies the recent trends and estimated growth rate for the forecast duration
Helps industry experts, investors, and other participants implement lucrative expansion approaches
Provides accurate market insights to take informed decisions through presentations and other tools
Outlines the competitive landscapes with the individual market share of top vendors
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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