Press release
Anti-Viral Therapeutics Market Size Status and Global Outlook 2020 to 2025 | AbbVie, Inc., Bristol-Meyrs Squibb Company, Cipla, Inc., F. Hoffmann-La Roche Ltd., Gilead Sciences Inc, GlaxoSmithKline plc
The market for antiviral therapeutics has been considered according to the burden of the disease caused by viruses, at the global level. The anti-viral therapeutics market is essentially split into anti-viral drug markets for Herpes, Hepatitis, HIV, and Influenza, among other diseases. The market has also been segmented on the basis of distribution channel into hospital pharmacy, independent pharmacy, and online drug stores.Market Overview
The global anti-viral Therapeutics market is expected to register a CAGR of 6.0% over the forecast period, 2019 - 2024. North America dominates the market due to the growing prevalence of Hepatitis C & HIV infections, coupled with the presence of a huge patient pool suffering from virally infectious diseases.
In order to combat drug resistance, the combination of various anti-virals with different mechanisms of action is used. Combination antiviral therapy is the standard of care in HIV and hepatitis C virus infections and is likely to become increasingly used in other viral infections.
Anti-viral therapeutics are commercially available for a disease like influenza, hepatitis C, chicken pox, papilloma, and AIDS among others. There is increasing adoption of nucleoside and nucleotide analogues as first line anti-virals. Based on the current pipeline, many small-molecule based anti-viral drugs (like interferons and other similar small protein analogues) are expected to receive marketing approval.
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Top Leading Manufactures-
AbbVie, Inc., Bristol-Meyrs Squibb Company, Cipla, Inc., F. Hoffmann-La Roche Ltd., Gilead Sciences Inc, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc., Pfizer Inc., Sanofi
Key Market Trends
Rising Gynecological Disorders and Associated Surgical Procedures to Propel the Anti-Viral Therapeutics Market
Increase in gynecological disorders, such as ovarian cancer, cervical cancer, uterine cancer, polycystic ovarian syndrome (PCOS), and vaginal and vulvar cancer are driving the market for Anti-Viral Therapeutics across the world. The American Cancer Society states that average age of endometrial cancer diagnosis in women is 60, whereas it isnt common amongst women below the age of 45. In addition, WHO suggests a routine endometrial ablation procedure should be performed for women above the age of 35, in order to avoid the risks associated with endometrial cancer. Obesity, diabetes, and PCOS patients are more susceptible to endometrial cancer at the ages of 18 to 35 and require endometrial biopsy. This is in turn increasing the demand for Anti-Viral Therapeutics globally.
Similarly the rise in other issues such as PCOS, ovarian cancer, vaginal cancer, and uterine cancer lead to the growing adoption of surgical procedures, such as endoscopy, laparoscopy, and female sterilization. Hence, the rise in gynecological cancers and increasing surgical procedures associated with them are expected to drive the overall gynecological disorders market over the forecast period.
Stringent Regulatory Guidelines to Limit Growth of the Anti-Viral Therapeutics Market
The stringent regulatory guidelines associated with the safety, efficacy, and accuracy of the Anti-Viral Therapeutics are expected to restrain the market growth. The Anti-Viral Therapeutics are covered under Class II medical devices and have to go through tedious approval procedures. The FDA not only regulates the design, preclinical results but also monitors the accuracy, safety and efficacy of the Anti-Viral Therapeutics post approval. This is in turn expected to hamper the adoption of Anti-Viral Therapeutics and increase complications in their approval procedures. Hence, impeding the market for Anti-Viral Therapeutics over the forecast period.
Asia-Pacific to Witness the Lucrative Growth in the Global Anti-Viral Therapeutics Market
The presence of large prospect patient pool, in countries like India and China, drives the market for Anti-Viral Therapeutics in the Asia-Pacific region. Hence, the region is expected to exhibit lucrative growth rate over the forecast period.
The large population base of these countries have encouraged government initiatives for birth control. This has led to an increase in the awareness concerning contraception that has in turn led to the adoption of female sterilization devices. One such example is the birth control measures in China, which emphasized the one child policy.
In addition, the higher prevalence of sexually transmitted diseases amongst the youth in countries, such as Vietnam, Japan, and Bangladesh due to lack of easy access to the contraceptive products and the lack of awareness are expected to create new growth opportunities for the market players. Hence, owing to the aforementioned factors, the Asia-Pacific Anti-Viral Therapeutics market is expected to exhibit fastest growth rate over the forecast period.
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Key Developments in the Anti-Viral Therapeutics Market
April, 2017 - Cooper Surgical announced acquisition of LifeGlobal Group, in order to expand its fertility solutions portfolio.
April, 2018 - Olympus Corporation and InterSystems collaboratively declared the introduction of its new endoscopy integration capabilities.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Anti-Viral Therapeutics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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