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Antivirals Global Market Report 2024 - By Size, Trends, Growth, Demand And Analysis, Forecast To 2033
The Business Research Company's Antivirals Global Market Report 2023 identifies public-private funding for life science research globally as the major driver for the Antivirals market's growth in the forecast periodCurrently, there are no drugs or vaccines approved for the treatment of COVID-19 disease, however, there are several vaccines and drugs in the pipeline, that are yet to be approved or launched. Governments around the world announced new grant funds for researchers in vaccines, treatment, and diagnostics.
The antivirals market size has grown strongly in recent years. It will grow from $97.72 billion in 2023 to $105.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to viral disease prevalence, public health concerns, patent expirations, government initiatives. The antivirals market size is expected to see strong growth in the next few years. It will grow to $143.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Major competitors in the Antivirals market are AbbVie Inc., Bristol-Myers-Squibb Co., Chemical Industrial & Pharmaceutical Laboratories Ltd., F. Hoffmann-La Roche Ltd., Gilead Sciences Inc.
A key trend in the Antivirals market includes develop drugs to treat different viral infections. Biopharmaceutical companies are developing vaccines for the treatment of novel COVID-19. Technological advances in the pharmaceutical sector include the development of nucleic acid vaccines that are DNA- and RNA-based, and which enable the human body to produce vaccine antigens. For instance, in October 2021, Merck & Co. Inc., a US-based pharmaceutical company and Ridgeback Biotherapeutics a US-based biotechnology company launched Oral Antiviral Molnupiravir. Oral Antiviral Molnupiravir is an antiviral medication for COVID-19. This was approved by the US Food and Drug Administration (FDA), a US-based federal agency for the treatment of mild-to-moderate COVID-19 for emergency use. This is an orally administered nucleoside analog that inhibits the replication of SARS-CoV-2, the causative agent of COVID-19.
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The Antivirals market is segmented -
• By Type: Branded, Generic
• By Drug Class: DNA Polymerase Inhibitors, Reverse Transcriptase Inhibitors, Protease Inhibitors, Neuraminidase Inhibitors, Other Drug classes
• By Application: HIV, Hepatitis, Herpes, Influenza, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Antivirals market.
The Business Research Company's "Global Antivirals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Antivirals Market Include:
1. Executive Summary
2. Antivirals Market Characteristics
3. Antivirals Market Trends And Strategies
4. Antivirals Market - Macro Economic Scenario
5. Global Antivirals Market Size and Growth
..................
31. Global Antivirals Market Competitive Benchmarking
32. Global Antivirals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Antivirals Market
34. Antivirals Market Future Outlook and Potential Analysis
35. Appendix.
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