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Global Favipiravir Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

05-06-2022 08:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global favipiravirmarket is anticipated to grow at a significant CAGR of 4.1% during the forecast period (2022-2028). Favipiravir is a pyrazine carboxamide derivative that acts as an antiviral, which interrupts the viral replication process, preventing the virus from replicating inside the host. The favipiravir market is being driven by the rising prevalence of influenza and Ebola, among other diseases. Furthermore, the usage of this drug in the treatment of COVID-19is also expected to drive market growth.

A full report of Global Favipiravir Market is available at:https://orionmarketreports.com/global-favipiravir-market/104999/  

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

In May 2021, under the brand name 'Favijaj,' Bajaj Healthcare Ltd.(BHL) launched antiviral favipiravir pills. Favipiravir is an antiviral medicine that has been found to be successful in treating COVID-19 patients. It is typically used to treat individuals who are infected with the influenza virus. India's medicines regulator had approved Favijaj to manufacture and sell in the country for the treatment of COVID-19.
In May 2021, Bal Pharma announced the availability of Favipiravir, an antiviral medicine, in the local market under the brand name BALflu for the treatment of COVID-19. Favipiravir slows and terminates viral protein synthesis and promotes deadly influenza virus metagenesis in people with mild to moderate COVID-19 infection. BALflu is a broad-spectrum influenza vaccine that can treat 53 different influenza viruses, including seasonal strains such asebola, arenavirus, bunyavirus, filovirus, WestNile virus, and Lassa virus.
In August 2020, Avigan (Favipiravir) 200 mg tablets launched in India by Dr. Reddy's Laboratories Ltd. The introduction is part of a global license deal with Fujifilm Toyama Chemical Co. Ltd., which gives the Indian pharmaceutical company the rights to produce, market, and distribute the tablets in India. Avigan has been licensed by the Drugs Controller General of India (DCGI) for the treatment of patients with mild to moderate COVID-19 infection.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
·         Competitive Landscape-Fujifilm Toyoma Chemicals Co. Ltd., Cipla Ltd., Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals Ltd., and Dr. Reddy's Laboratories Ltd.,among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Favipiravir Market Report by Segment

By Application

Influenza A&B
Ebola
COVID-19
Others

By Distribution Channel

Hospitals & Clinics
Drug Stores/Pharmacies
Online

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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