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Global Antiviral Drugs Market 2021: By Drug Class (DNA Polymerase Inhibitors, Reverse Transcriptase Inhibitors, Protease Inhibitors, Neuraminidase Inhibitors, Others), By Type (Branded, Generic), By Application (HIV, Hepatitis, Herpes, Influenza, Others)The Global The Global Antiviral Drugs market size was valued at USD $37.27 Billion in 2020, USD $38.63 Billion in 2021, forecasted to reach USD $40.03 Billion in 2022, and is projected to reach USD $53.73 Billion by 2030, and is anticipated to expand at a CAGR of 3.63% over the forecast period from 2020 to 2030. Global Antiviral Drugs Market is an upcoming market research report by Trusted Business Insights. The report covers in-depth details of the evolving trends in the global antiviral drugs market. The data and information in the report are based on inputs from experts and in-depth market analysis within the specific industry and target market. It covers growth prospects and market landscape over the next 10 years, along with company details about the top 10 players in the target market.
OverviewAntiviral drugs are medicines, which are used for treating viral infections such as human immunodeficiency virus (HIV), hepatitis, herpes, and influenza. Antiviral drugs are administered in the form of vaccines. Moreover, antiviral drugs are used for specific viral infections, except for a few, which are effective against a wide range of viruses. In addition, deferent investigational drugs for the treatment of human immunodeficiency virus infection are currently in the pipeline.
DynamicsOne among some of the major factors expected to drive growth of the antiviral drug market is increasing infections of HIV. Moreover, increasing prevalence of respiratory syncytial virus (RSV), influenza, and hepatitis are projected to drive increasing demand for antiviral drugs over the forecast period. According to WHO, 887,000 deaths happened in 2015 due to hepatitis B and around 257 million patients were living with the disease in 2015. Moreover, according to the Centre for Disease Control and Prevention (CDC), approximately 13 million influenza cases were reported in 2019. High cost involved in drug development, growth in the demand for alternative medicines, including homeopathy and naturopathy, drop in the price of U.S. Medicare, competitive dynamics, increasing awareness about the availability of vaccines, and other preventive measures are projected to restrain growth of the market over the forecast period. Growth opportunities in the emerging economies of Asia-Pacific and Latin America, Middle East & Africa (LAMEA) regions and development of broad-spectrum antibiotics are projected to create growth opportunities for key players in the market over the forecast period.
Global Antiviral Drugs Market Segment Analysis:By Drug Class: Among the drug class segments, the reverse transcriptase inhibitors segment currently accounts for highest revenue share, and is projected to maintain its dominance over the next five years. This can be attributed to its effectiveness in preventing or slowing down viral infections. BY Type: Among the type segments, the branded segment is projected to maintain dominance in terms of revenue share over the generic segment over the forecast period. This can be attributed to the belief among people that branded medicines are safer than generic medicines. Generic medicine is also projected to register significant growth in terms of revenue share, which is attributed to patent expiry of different branded products and increasing adoption in developing countries. Moreover, number of key players such as Aurobindo Pharma, Cipla Inc., and Dr. Reddys Laboratories Ltd. are focused on producing generic medicines at an affordable rate. By Application: The hepatitis segment among the application segments is projected to account for comparatively higher revenue share over the forecast period. This can be attributed to increasing availability of antiviral drugs for treating hepatitis such as tenofovir, entecavir, telbivudine, lamivudine, and adefovir. In addition, increasing incidences of hepatitis is another factor projected to drive growth of the segment. The HIV segment is projected to be fastest-growing segment due to increasing prevalence of HIV.
Global Antiviral Drugs Market Regional Analysis:The antiviral drugs market in North America is expected to dominate the market in terms of revenue share over the forecast period. This growth of the market in the region can be attributed to availability of sophisticated healthcare infrastructure and presence of key players in the region.
Below are the leading companies profiled in this Antiviral Drugs Market Report:
Chapter 1 Methodology and Scope