Antiviral Drugs Market Size and Share Analysis by Key Players, 2023-2033
Research Nester assesses the growth of global antiviral drugs market over the forecast period, i.e., 2023-2033 and evaluates its future prospects. Rising R&D activities on antiviral drugs and growing hepatitis B cases around the globe to drive market growth. According to data, from the World Health Organization, in 2019, nearly 296 million individuals have chronic hepatitis B infection.
Research Nester’s recent market research analysis on “Antiviral Drugs Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the global antiviral drugs market in terms of market segmentation by drug class, indication, type, age group, and by region.
Increasing Old Age Population Across the Globe to Drive Growth of the Global Antiviral Drugs Market
The global antiviral drugs market is estimated to grow majorly on account of the growing old age population across the world and increasing incidence of viral infections. The growing age makes them more prone to infections and diseases owing to reduced or compromised immunity are estimated to fuel the market growth in the coming years. In 2020, the number of old people 60 years of age and above increased from 1 billion in 2020 and reached 1.4 billion in 2022, as per the World Health Organization.
The market research report on global antiviral drugs encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
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By drug class, the global antiviral drugs market is segmented into DNA polymerases, reverse transcription, protease, and neuraminidase inhibitors. The reverse transcription segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The rising diagnosis and HIV infection treatment rate and the growing effectiveness of antiviral medicines are estimated to propel the growth of the market during the forecast period. Nearly, 29 million people with HIV infection have received antiretroviral treatment during 2021, as per the estimations.
By region, the North America antiviral drugs market is to generate the highest revenue by the end of 2033. This growth is anticipated by a rising patient base, growing approval, and increasing dominant players in the industry in the region. In North America, the occurrence of COVID-19 cases rose by 8% in 2022.
The research is global in nature and covers detailed analysis on the antiviral drugs market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global antiviral drugs market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global antiviral drugs market which includes company profiling of F. Hoffmann-La Roche Ltd, GlaxoSmithKline, Plc, Bristol Myers Squibb Company, Abbott Laboratories, Plough Publishing House, Merck & Co., Inc, Johnson & Johnson Services, Inc, AbbVie Inc., Cipla Inc., Dr Reddy’s Laboratories Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global antiviral drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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