Global Antiviral Drugs Market was valued at USD 58.48 Billion in 2021 and is expected to reach USD 80.66 Billion by the year 2028, at a CAGR of 4.7%.
Antiviral medications are a kind of medication used to either destroy or suppress a virus's ability to replicate, preventing the virus from having the ability to spread and multiply. The genetic material that makes up viruses, such as DNA or RNA, is alive when it is outside in the environment but becomes capable of reproducing and spreading when it enters a host that is vulnerable to it. Antiviral medications can also shield patients from contracting viral illnesses and preventing the virus from infecting new people. Furthermore, major advancements in drug discovery techniques and the pressure on the medical community to address the human immunodeficiency virus (HIV), the source of acquired immunodeficiency syndrome, have led to the development of antivirals, which is the result of newly gained knowledge of the molecular and genetic activity of organisms, allowing us to better understand the structure and function of viruses. These factors will propel the market growth during the forecast period.
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Top Key Player
- Gilead Sciences Inc (US)
- GlaxoSmithKline plc (UK)
- Johnson & Johnson Services Inc (US)
- AstraZeneca (UK)
- AbbVie Inc (US)
- Merck & Co Inc (US)
- Teva Pharmaceutical Industries Ltd (Israel) Regeneron Pharmaceuticals Inc (US)
- Bristol-Myers Squibb Company (US)
- Zydus Cadila (India)
- Cipla Inc (India)
- Prinston Pharmaceutical Inc (US)
- Hetero (India)
- Aurobindo Pharma (India)
- Apotex Inc (Canada)
- Mylan N.V. (US)
- Vir Biotechnology Inc (US) and others major key players.
Drivers of Antiviral Drugs Market
The market for antiviral medications is fueled by the rising incidence of viral illnesses and the ongoing release of novel viral strains. Pandemics and epidemics, like the most recent COVID-19 outbreak, have highlighted how urgently better antiviral therapies are needed, spurring a large investment in research and development. Biotechnology and genetics advances are making it possible to quickly design novel antiviral drugs that are highly effective in fighting particular viruses. The demand for antiviral medications is also fueled by the increased public awareness of viral illnesses and their possible negative effects on health. The market is further supported by government financing and programs for antiviral research, as well as by quicker regulatory approvals for new medications.
Opportunities in Antiviral Drugs Market
The market for antiviral medications offers a lot of potential, especially for the creation of tailored treatment plans and broad-spectrum antiviral medications. Antiviral medications that can target several viruses are becoming more and more necessary in order to lower the likelihood of resistance and enhance treatment outcomes. The creation of customized antiviral treatments that are matched to the unique patient profiles and viral infections is made possible by developments in companion diagnostics and precision medicine. The identification of new antiviral compounds can be sped up by incorporating machine learning and artificial intelligence into drug research procedures. Furthermore, there is a lot of room for expansion in terms of extending antiviral medication availability in developing nations through partnerships and collaborations. Businesses that use flexible manufacturing techniques and make creative research investments will be well-positioned to take advantage of these prospects.
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Segmentation Analysis of the Antiviral Drugs Market:
By Type
- Branded
- Generics
By Application
- Influenza
- HIV
- Hepatitis
- Coronavirus Infection
- Human Papillomavirus
- Others
By Age Group
- Adult
- Pediatric
By Mechanism of Action
- DNA Polymerase Inhibitors
- Reverse Transcriptase Inhibitors
- Protease Inhibitors
- Neuraminidase Inhibitors
- Others
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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