Antiretroviral Drugs Market Opportunity Analysis, Key Stakeholders and Industry Forecast 2022 to 2028

Precision Business Insights published a research report on “Antiretroviral Drugs Market : By Drug Class (Nucleoside Reverse Transcriptase Inhibitors (NRT’s), Non- Nucleoside Reverse Transcriptase Inhibitors (NNRT’s), Protease Inhibitors, Integrate Inhibitors, Fusion Inhibitors, Chemokine Receptor Inhibitors, Others), By Administration (Oral, Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others) - Global/Region/Country Forecast to 2028”.

Anti-retroviral drugs are pharmaceuticals that are primarily used to treat HIV infection. This virus, known as a Retrovirus, is a group of viruses that belong to the Retroviridae family and have ribonucleic acid as its blueprint. Because there is presently no cure for this condition, antiretroviral medications work by preventing the virus from multiplying rather than destroying it. The global demand for antiviral drugs has risen dramatically as a result of the COVID-19 epidemic. The need for broad-spectrum antiviral medicines has increased as a result of the treatment of new coronaviruses. COVID-19 is commonly treated with remdesivir, favipiravir, oseltamivir, and other combination medications. Furthermore, governments are providing funding to pharmaceutical businesses in order to discover novel COVID-19 therapies.

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The rising number of HIV patients around the world is a primary factor driving market revenue growth. According to the World Health Organization (WHO), approximately 34.7 million people will be infected with HIV by 2020. Increased investment in the field of antiviral medications, owing to its multiple benefits, has resulted in the emergence of new chances for laboratory research. Antiviral medications help to shorten the duration of flu symptoms and are recommended for both flu therapy and prevention. The medications may also minimise the incidence of consequences such as antibiotic-resistant respiratory infections in children, ear infections in adults, and hospitalisation in adults. Over the projected period, ongoing research and development activities as well as private investments in the healthcare industry for the introduction of new and effective pharmaceuticals are expected to positively impact the market's revenue growth. Furthermore, rising healthcare expenditures, increased public awareness, and rising viral infection occurrences are all projected to fuel market expansion in the future. However, the availability of vaccinations for viral infections is a major factor limiting revenue growth in the worldwide antiviral medications market throughout the forecast period.

On the basis of type, the market report is segregated into branded, and generic. On the basis of application, the market is categorized into hepatitis, HIV, herpes simplex virus, influenza, others. On the basis of mechanism of action, the market is divided into reverse transcriptase inhibitors, protease inhibitors, nucleotide polymerase inhibitors, and others.

Due to increased awareness of HIV through health care programmes and government activities in the region to support the treatment of the disease, the Asia Pacific antiviral medications market is predicted to develop at the highest revenue rate over the forecast period. The presence of several major pharmaceutical companies in growing economies like India and China drives market expansion in the region.

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Some of the major key players in the Antiretroviral Drugs Market are F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, AbbVie, Merck & Co., Inc., Johnson & Johnson Services, Inc., Bristol-Myers Squibb Company, Cipla Inc., Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd.

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