Global Antiviral Drugs Market is Expected to Reach USD 37.40 billion, Global Antiviral Drugs Market is Expected to Reach | Page 2
According to the report “Global Antiviral Drugs Market", published by Market Data Forecast,
the global market is projected to reach USD 37.40 billion by 2021, at a CAGR of 5.10% from
2016 to 2021.
Antiviral drugs are described as curative or disease controlling agents against viral
infections. These drugs specifically attack viruses at different metabolic processes and alter
the normal functioning of viral particles. From the past few years resistance is observed
among viruses against different antiviral drugs with increasing diversity of viruses. This
challenge leads to the evolution of broad spectrum antiviral drugs that specifically attack
viruses at specified targets such as DNA Polymerase, NS3 Protease, & Reverse Transcriptase.
These drugs are used to prevent or cure different viral infections such as HIV/AIDS,
Hepatitis, influenza, and other viral infections.
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The main driver which adds fuel to the market is increasing incidence rates of viral
infections, such as according to World Health Organization, HIV/AIDS continues to be the
major threat claiming more than 35 million lives so far. Globally, approximately 1.1 million
lost their lives due to HIV in 2015. Approximately, 36.7 million people have been suffering
from HIV in 2015. Furthermore, as late stage pipeline drugs are anticipated to hit the
market, this further supports the antiviral drugs market growth
The factors affecting the Global Market for Antiviral Drugs Market, either positively or
negatively are presented in the DROC analysis. Some of the factors discussed in this section
are increase in public awareness, rise in healthcare expenditure, boost in Research and
Development segment, emergence of life-threatening diseases, growing interest to support
the development of novel antiviral drugs, existence of well-established supply chain, high
cost involved in drug development, increase in demand for alternative medicines
(naturopathy, homeopathy, and oriental medicines), growing resistance among viruses
against different antiviral drugs causing difficulty in developing broad-spectrum anti-viral
drugs, restricted trade policies, lack of incentivization, and side-effects of products (nausea,
diarrhea, and behavioral changes). In addition, increasing incidence rates of viral infections
is also fuelling the antiviral drugs market growth are also added.
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For granular level understanding the Antiviral Drugs Market is segmented based on the
following categories with Market Size Estimations and Y-o-Y Forecasts presented for each
sub-segment.
1)
By Application:
Introduction
HIV/AIDS
Hepatitis
Herpes