Anti-Viral Therapies and Current COVID-19 Impact Market Insight Report By Growth, segmentation, performance, Competitive Strategies Forecast with AbbVie; Abbott; Astrazeneca; F. Hoffmann-La Roche Ltd; Bristol-Myers Squibb Company;
The anti - viral therapies market is expected to reach US$ 76,282.63 million by 2027 from US$ 40,589.79 million in 2019; the market is estimated to grow at a CAGR of 8.3% from 2020 to 2027.
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F. Hoffmann-La Roche Ltd
Bristol-Myers Squibb Company
Johnson & Johnson Services, Inc.
Merck & Co., Inc.
Gilead Sciences, Inc.
Rising Government Support for Research Activities and Clinical Trials
The clinical trials industry has seen exceptional growth in the last 10 years. In August 2019, the US Food and Drug Administration (USFDA) revealed that it awarded 12 new clinical trial research grants of more than US$ 15 million in total, for the period 2020–2023, to improve the development of medical products for patients with rare diseases. The grants were conferred to principal investigators from industry and academics across the country. The FDA awarded the grants through the Orphan Products Clinical Trials Grants Program, which is funded by Congress to promote the clinical development of medical foods, biologics, drugs, and medical devices for the treatment of rare diseases. The grants are intended to considerably contribute to the marketing approval of products to treat rare diseases and provide essential data for the development of such products. For clinical trials of possibly life-changing treatments for patients with rare diseases, the FDA has been offering much-needed financial support for more than 35 years. In addition, the Orphan Products Clinical Trials Grants Program’s contributions have supported research that will led to the marketing approval of treatments for rare diseases.
COVID-19 vaccine development has attained high pace due to large number of participants focusing on clinical trials and collaborations to make certain rapid growth and sufficient production capacity. In addition, the UK government has committed to provide US$ 99.9 million (£84 million) in funding and manufacturing support to researchers to work on this vaccine program. Further, the US government has agreed to fund US$ 483 million for Moderna Inc. to develop and test its COVID-19 vaccine, which is currently in an initial clinical trial. The biotech industry in Europe is playing a vital part in the fight against COVID-19, in terms of developing vaccines, therapeutic drugs, diagnostics, and research. For instance, the European Commission offered US$ 105.8 million (EUR 89 million) to CureVac for the development of COVID-19 vaccine, in March 2020.
Such significant funding initiatives by governments for encouraging research activities and clinical trials are boosting the growth of the anti-viral therapies market.
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
Global Anti - Viral Therapies Market– By Type
• Generic Drugs
• Branded Drugs
Global Anti - Viral Therapies Market– By Mechanism of Action
• Nucleotide Polymerase Inhibitors
• Reverse Transcriptase Inhibitors
• Protease Inhibitors
Global Anti - Viral Therapies Market– By Application
• Virus Influenza
• Other Applications
The COVID-19 outbreak is currently going the world over, the Anti-Viral Therapies Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Anti-Viral Therapies market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Anti-Viral Therapies market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
This report focuses on the global Anti-Viral Therapies market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Anti-Viral Therapies market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
Market Trends And Market Outlook
Market Share And Market Size
Opportunities And Customer Analysis
Product Pricing Research
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