Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 51.76 Billion | USD 73.67 Billion | 4.00% | 2023 |
The Global Antiviral Drugs Treatment Market size was worth around USD 51.76 Billion in 2023 and is predicted to grow to around USD 73.67 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.00% between 2024 and 2032.
The report analyzes the Antiviral Drugs Treatment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Antiviral Drugs Treatment market.
The report covers forecast and analysis for the Antiviral Drugs Treatment market on a global and regional level. The study provides historic data from 2018 to 2023 along with a forecast from 2023 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the Antiviral Drugs Treatment market along with the impact they have on the demand over the forecast period.
Additionally, the report includes the study of opportunities available in the Antiviral Drugs Treatment market on a global level. In order to give the users of this report a comprehensive view of the Antiviral Drugs Treatment market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market.
The study encompasses a market attractiveness analysis, wherein Drug Class, Type, Application, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
Viral infections have caused millions of human casualties worldwide across human history, prompting the production of antiviral drugs in urgent need. A new period of antiviral drug production began in June 1963, when the first antiviral medication, idoxuridine, was approved.
Antiviral drugs pertain to the class of medicines that have been used to treat viral infections including HIV, measles, hepatitis, and influenza. In general such medications are distributed in the form of vaccines. Moreover, most of these medications are used for common viral infections, while some (full-spectrum antiviral drugs) are effective against a large range of viruses.
The study provides a decisive view of the Antiviral Drugs Treatment market by segmenting the market based on Drug Class, Type, Application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2023 to 2032. Based on Drug Class, the market is segmented into DNA Polymerase Inhibitors, Reverse Transcriptase Inhibitors, Protease Inhibitors, Neuraminidase Inhibitors, and Others.
Based on Type, the market is segmented into Branded and Generic. Based on Application, the market is segmented into HIV, Hepatitis, Herpes, Influenza, and Others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically speaking, North America dominated the Antiviral Drugs Treatment market with a share of about 37.22% in 2019. The key players’ presence in the region, the convenience of refined healthcare infrastructure, and cumulative awareness of viral diseases have led to increased demand for Antiviral drugs in the North American region.
Report Attributes | Report Details |
---|---|
Report Name | Antiviral Drugs Treatment Market Size Report |
Market Size in 2023 | USD 51.76 Billion |
Market Forecast in 2032 | USD 73.67 Million |
Growth Rate | CAGR of 4.00% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Gilead Sciences; F. Hoffmann-La Roche AG; GlaxoSmithKline plc; AbbVie; Merck & Co., Inc.; Johnson & Johnson Services, Inc.; Bristol-Myers Squibb Company; Cipla Inc.; Aurobindo Pharma; and Dr. Reddy’s Laboratories Ltd. & Co., Inc. |
Segments Covered | By Drug Class, By Type, By Application, And By Region |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growing occurrence of viral infections such as HIV, hepatitis, respiratory syncytial virus (RSV), and influenza is projected to boost the demand for antiviral drugs. Hepatitis B, for example, has caused about 987,000 deaths in 2017 according to data released by the WHO. In addition, in 2017 about 287 million patients were reported to have been infected with hepatitis B virus (HBV) infection. This is expected to drive the demand for efficient treatment solutions such as antiviral drugs.
Key players within the global Antiviral Drugs Treatment market include
Global Antiviral Drugs Treatment Market: Drug Class Segment Analysis
Global Antiviral Drugs Treatment Market: Type Segment Analysis
Global Antiviral Drugs Treatment Market: Application Segment Analysis
Global Antiviral Drugs Treatment Market: Regional Segment Analysis
FrequentlyAsked Questions
Antiviral drug treatment involves the use of pharmaceuticals that are designed to target and prevent the growth and spread of viruses within the body. These treatments are also known as antiviral agents. Antiviral medications have been designed specifically to treat viral infections, which are caused by viruses, which are microscopic infectious agents that can cause a wide range of disorders.
The demand for antiviral medications is driven in a direct manner by the prevalence of viral illnesses such as HIV, influenza, and hepatitis, as well as new viruses (such as COVID-19). The growth of the market is aided by the rising prevalence of infectious diseases caused by viruses.
The Global Antiviral Drugs Treatment Market size was worth around USD 51.76 Billion in 2023 and is predicted to grow to around USD 73.67 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.00% between 2024 and 2032
North America held largest revenue share of the global Antiviral Drugs Treatment market in 2019. This is attributed to the existence of key players in the region, accessibility of sophisticated healthcare infrastructure, and cumulative consciousness of viral diseases.
Major players in Antiviral Drugs Treatment market are Gilead Sciences; F. Hoffmann-La Roche AG; GlaxoSmithKline plc; AbbVie; Merck & Co., Inc.; Johnson & Johnson Services, Inc.; Bristol-Myers Squibb Company; Cipla Inc.; Aurobindo Pharma; and Dr. Reddy’s Laboratories Ltd. & Co., Inc.
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