Press release
COVID-19 Pandemic: A Key Driver Transforming the Coronavirus (COVID-19) Current Therapy Market 2025
Coronavirus (COVID-19) Current Therapy Market 2025
The global coronavirus (COVID-19) current therapy market reached a value of nearly $9.368 billion in 2024. The market is expected to grow from $9.37 billion in 2024 to $0.541 billion in 2029 at a rate of -43.46%. The market is then expected to grow at a CAGR of -100% from 2029.
What are the upcoming opportunities in the global coronavirus (COVID-19) current therapy market?
The key players in the market are adopting extensive strategies in the coronavirus (COVID-19) current therapy market such as:
Focusing on expanding business capabilities through new clinical trials.
Enhancing operational capabilities through strategic partnerships.
Prioritizing drug approvals to strengthen market presence.
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To take advantage of the opportunities, The Business Research Company recommends the coronavirus (COVID-19) current therapy companies to focus on:
Focusing on strategic investments to accelerate the development of effective therapies and expand clinical research.
Prioritizing the development of antiviral drugs.
Focusing on the development of innovative digital platforms.
What is coronavirus (COVID-19) current therapy: market definition?
COVID-19 current therapy refers to a drug created and used to treat mild to moderate COVID-19 in those who have a higher risk of experiencing significant illness as a result of COVID-19.
The main types of drugs in COVID-19 current therapy are antiviral, monoclonal antibodies, corticosteroids, supplements, antimalarial, interferons and interleukin inhibitors, other anti-infective drugs, and others. Antivirals are a class of medications or substances designed to inhibit the growth and replication of viruses. These agents are used to treat viral infections by targeting specific stages of the viral life cycle or interfering with viral processes. It can be administered through various routes such as oral and intravenous. The different sectors include hospitals, clinics, research institutes, and others.
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Who are the major companies operating in the global coronavirus (COVID-19) current therapy market?
The global coronavirus (COVID-19) current therapy market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 40.4% of the total market in 2023. Gilead Sciences, Inc. was the largest competitor with a 18.61% share of the market, followed by:
Merck & Co
Regeneron Pharmaceuticals, Inc.
F. Hoffmann-La Roche AG.
Ipca Laboratories Limited.
Zydus Group.
Sun Pharmaceutical Industries Limited
AbbVie Inc.
Pfizer Inc.
Glenmark Pharmaceuticals Limited
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