Antiviral Therapies Market Our look at the biggest trends hitting the industry over the coming 12 months
Surge in problem of viral infection and stronger pipeline of anti-viral drugs across the globe drive the global anti-viral therapies market
Drivers, restraints, and opportunities
Increase in problem of viral infection and stronger pipeline of anti-viral drugs across the globe drive the growth of the global anti-viral therapies market. However, high cost of anti-viral therapies hinders the market growth. On the other hand, rise in number of product approvals for combination therapy create new opportunities in the coming years.
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COVID-19 Scenario:
• The coronavirus outbreak has not much affected the global anti-viral therapies market. In addition, the anti-viral therapies also include essential treatments on HIV, hepatitis and herpes, which drive the demand in the market.
• Moreover, due to the rise in awareness regarding common symptoms of coronavirus, the market has observed increased use of anti-viral therapies, which may aid the industry in terms of revenue
The branded drugs segment to maintain its lead status in terms of revenue throughout the forecast period
Based on type, the branded drugs segment accounted for more than half of the global anti-viral therapies market in 2018, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to availability of large number of branded drugs for treating various viral infections. However, the generic drugs segment is estimated to portray the highest CAGR of 2.5% from 2019 to 2026, owing to increase in number of branded drugs losing their patents
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The nucleotide polymerase inhibitor segment to maintain its leadership position during the forecast period
Based on mechanism of action, the nucleotide polymerase inhibitor segment contributed to the highest market share with nearly two-fifth of the global anti-viral therapies market in 2018, and is estimated to maintain its leadership position during the forecast period. This is attributed toits increasing usage in Hepatitis C infection and is considered to be the first-line treatment for any viral infection. However, the reverse transcriptase inhibitors segment is estimated to generate the fastest CAGR of 3.1% from 2019 to 2026. This is attributed toincrease in FDA approvals for treating viral infection by reverse transcriptase inhibitor mechanism.
North America to maintain its dominant by 2026
Based on region, North Americaaccounted for the highest share based on revenue, holding for more than one-thirdof the global anti-viral therapies market in 2018, and is projected to maintain its dominant position throughout the forecast period. This is attributed to rise in incidences of infectious diseases across the region.However, Asia-Pacific is estimated toportray the fastest CAGR of 2.8% from 2019 to 2026, owing togrowing population base infected with infectious diseases in the region, presence of several generic pharmaceutical players, and increase in investment for drug development in South Asian countries.
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The Major Key Players Are:
• F. Hoffmann-LaRoche Ltd.
• Gilead Sciences
• Glaxo Smith Kline
• Bristol-Myers-Squibb
• Abbott Laboratories
• Astra Zeneca plc
• Abb Vie Inc.
• Aurobindo Pharma Limited
• Johnson & Johnson
• Merck & Co.,Inc.
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