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Global Antiviral Drugs Market is expected to grow in the forecast year due to the rise in market players and the availability of advanced services. Along with this, manufacturers are engaged in the developmental activity for launching novel services in the market. The increasing development in the field of drug development is further boosting the market growth. However, difficulties such as the lack of standardized protocols and the lack of skilled professionals might hamper the growth of the global antiviral drugs market in the forecast period.
The increasing awareness about viral infections globally has enhanced the demand for the market. The rising healthcare expenditure for better health services also contributes to the market’s growth. The major market players focus on various service launches and approvals during this crucial period. In addition, the increase in improved advancement of drug development techniques also contributes to the rising demand for antiviral drugs.
Increasing healthcare expenditure on advancement and drug development is expected to give opportunities to the market. However, the increasing use of alternative treatments may challenge market growth. Data Bridge Market Research analyzes that the global antiviral drugs market is expected to reach the value of USD 107,700.57 million by 2030, with a CAGR of 5.5% during the forecast period.
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Antiviral drugs are medications used to treat viral infections by inhibiting the replication of viruses within host cells. These drugs target specific viruses or types of viruses and work by either preventing the virus from entering the host cell or by blocking key enzymes or proteins required for viral replication. Unlike antibiotics, which are used to treat bacterial infections, antiviral drugs are generally less effective, as viruses have a much simpler structure and rely on host cells to replicate. However, they can still be useful in treating some viral infections, such as influenza, herpes, and HIV.
Drivers
Rising prevalence of viral infections
Viral infections have steadily increased around the world during the past few decades. A virus that enters the body, exploits its cells for replication and spreads causes a viral infection. Viral infections can result in various symptoms, from minor to major, and in some instances, even life-threatening ones. Globalization is one of the main causes of the increase in viral infections. People travel and communicate with each other across boundaries, making the world more connected than ever. Viral transmission from one area to another has accelerated due to this enhanced connectedness.
Advancements in new antiviral drug development
Antiviral treatments are prescribed to patients with viral infections. The creation of novel antiviral medications has made tremendous strides throughout time. These developments have lowered the disease burden, improved the treatment of viral infections, and saved lives. There is much development in the field of new antiviral drugs.
Recent Developments
- In January 2023, Merck, known as MSD, announced the successful completion of the cash tender offer, through a subsidiary, for all of the outstanding shares of common stock of Imago Biosciences, Inc. (Nasdaq: IMGO), at a purchase price of USD 36.00 per share in cash, without interest and subject to deduction for any required tax withholding. The acquisition will help in the growth of the revenue.
- In April 2021, Zydus Pharmaceuticals, Inc. announced that it had received restricted emergency use approval from the Drug Controller General of India (DCGI) to use the antiviral drug Virafin for the treatment of moderate COVID-19 infections. This will help the company to increase its global presence and reputation in other regions of the globe.
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Antiviral Drugs Market Scope
Indication
- Influenza
- Human Immunodeficiency Virus (HIV)
- Hepatitis C Virus
- Herpes Simplex Virus
- Human Cytomegalovirus (HCMV)
- Varicella-Zoster Virus (VZV)
- Hepatitis B Virus
- Respiratory Syncytial Virus
- Coronavirus Infection
- Others
- On the basis of indication, the global antiviral drugs market is segmented into influenza, human immunodeficiency virus (HIV), hepatitis C virus (HCV), respiratory syncytial virus, herpes simplex virus, human cytomegalovirus (HCMV), varicella-zoster virus (VZV), hepatitis B virus (HBV), coronavirus infection, and others.
Patient Type
- Child
- Adult
- Geriatric
- On the basis of patient type, the global antiviral drugs market is segmented into child, adult, and geriatric.
PRODUCTS
- Oral
- Topical
- Parenteral
- On the basis of products, the global antiviral drugs market is segmented into oral, topical, and parenteral.
Drug Type
- Generic
- Branded
- On the basis of drug type, the global antiviral drugs market is segmented into generic and branded.
End User
- Hospital
- Clinics
- Home Healthcare
- Speciality Centers
- Ambulatory Centers
- Others
- On the basis of end user, the global antiviral drugs market is segmented into hospitals, clinics, home healthcare, specialty centers, ambulatory centers, and others.
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
- On the basis of distribution channel, the global antiviral drugs market is segmented into hospital pharmacy, online pharmacy, and retail pharmacy.
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