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Influenza Treatment Market to Garner $1.22 Bn by 2026 at 4.5% CAGR: Allied Market Research

Allied Market Research

Allied Market Research

Increase in healthcare expenditure worldwide, and surge in R&D investments for discovery of new drugs have propelled the growth of influenza treatment market.

PORTLAND, OR, UNITED STATES, October 14, 2020 /EINPresswire.com/ -- According to the report, the global influenza treatment industry was pegged at $861.5 million in 2018, and is projected to hit $1.22 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026.

Major drivers for the market growth

Increase in incidences of influenza across the globe, rise in healthcare expenditure worldwide, and rise in R&D investments for discovery of new drugs have boosted the growth of the global influenza treatment market. However, presence of substitutes for the treatment of influenza hamper the market growth. On the contrary, high growth potential in developing countries is expected to create lucrative opportunities in the near future.

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Oseltamivir Phosphate segment dominated the market

Based on type, the oseltamivir phosphate segment held the largest share in 2018, accounting for more than two-fifths of the global influenza treatment market. Oseltamivir is recommended by CDC and the American Academy of Pediatrics (AAP) for early treatment of flu in people of any age, which prpells the growth of the segment. However, the baloxavir marboxil segment is projected to manifest the highest CAGR of 4.6% during the forecast period. Baloxavir marboxil drug is effective against strains of influenza A that are resistant to oseltamivir. Thus, this makes it a preferred choice in treatment if influenza, hence boosting the growth of the segment.

The retail pharmacy segment to manifest CAGR through 2026

Based on distribution channel, the retail pharmacy segment is projected to register the highest CAGR of 4.7% during the forecast period. In addition, the same segment held the largest share in 2018, accounting for nearly half of the global influenza treatment market. This is owing to the strong presence of retail pharmacies around the globe and convenience offered by them. The research also analyzes segments including hospital pharmacy and others.

North America held the lion's share

The market across North America held the largest share in 2018, contributing to around one-third of the market. This is owing to surge in prevalence of influenza infection in the region. However, the global influenza treatment market across Asia-Pacific is estimated to portray the fastest CAGR of 5.6% during the forecast period. This is due to surge in the awareness towards early diagnosis of the medical condition for better treatment surge in the awareness towards early diagnosis of the medical condition for better treatment.

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Major market players

AstraZeneca Plc
BioCryst Pharmaceuticals, Inc.
Daiichi Sankyo Company Limited
F. Hoffmann-La Roche AG
GlaxoSmithKline Plc
Mylan N.V
Natco Pharma Limited
Novartis AG
Sanofi
Teva Pharmaceutical Industries Limited
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David Correa
Allied Analytics LLP
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