The global Antiviral Drugs Market size is expected to reach
USD 46.9 billion by 2027, according to a new report by Grand View Research,
Inc. It is estimated to register a CAGR of -2.3% over the forecast period.
Increasing geriatric population is considered to be the major factor
anticipated to drive the demand for efficient treatment of human
immunodeficiency virus (HIV) infections.
According to the Centers of Disease Control and Prevention (CDC),
nearly half the people diagnosed with HIV in U.S. are aged 50 and older.
Furthermore, according to the data published in World Population Prospects: The
2019 Revision, one in six people globally is estimated to be over age of 65
years by 2050. In addition, one in four persons living in Northern America and
Europe would be aged 65 years and above by 2050. The number of persons aged 80
years and above is estimated to triple, from 143 million in 2019 to 426 million
in 2050. The increasing aging population worldwide would have a direct impact
on the healthcare systems, who would have to meet the needs of the aging
population. This, in turn, would drive the demand for antiviral drugs, which
can be used to treat a range of viral infections.
Presence of pipeline antiviral products for HIV therapeutics is
anticipated to drive the market over the forecast period. For instance, ViiV
Healthcare is developing Cabotegravir/rilpivirine (long-acting injectable),
which is currently under Phase III and are types of NNRTI/ INSTI drug class. In
addition,GS-6207 (capsid inhibitor) and vesatolimod (TLR-7 agonist) are being
developed by Gilead Sciences and are currently under Phase I trial for the
treatment of HIV. Moreover, advancements in epidemiology and growing awareness
of viral diseases are expected to result in a high demand for efficient
treatment solutions.
According to the CDC, the prevalence of oral herpes (HSV-1) and
genital herpes (HSV-2) was 47.8% and 11.9% respectively, from 2015 to 2016. The
Herpes Resource Center (HRC) provides public awareness, education, and patient
support. Moreover, the Hepatitis B Foundation provides information such as
diagnosis, preventive measures, and treatment. Increasing preventive measures
with the availability of various vaccines is expected to hinder the market
growth over the forecast period.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/antiviral-drugs-market
https://www.grandviewresearch.com/industry-analysis/antiviral-drugs-market
Further key findings from the report suggest:
- Reverse
transcriptase inhibitors held the largest share in 2019 and is estimated
to be the fastest-growing segment over the forecast period as these
inhibitors slow down or prevent viral replication
- DNA
polymerase inhibitors was the second-largest segment in 2019 owing to its
effectiveness in combating drug resistance
- Generic
products are estimated to be the fastest-growing segment over the forecast
period owing to increased adoption of generic drugs in developing
countries
- Hepatitis
dominated the application segment in 2019 owing to the availability of
various antiviral products for its treatment
- HIV is
estimated to be the fastest-growing segment over the forecast period due
to its increasing prevalence and incidence rate
- North
America dominated the global antiviral drugs market in 2019 owing to the
presence of key players in the region and the availability of a
well-established healthcare infrastructure.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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