Healthcare Global Anti-Viral Drug Market | Page 2

“Anti-Viral Drug Market: Global Historical Growth
(2012-2016) & Future Outlook (2017-2024) Demand
Analysis & Opportunity Evaluation”
The global anti-viral drug market is segmented into types such as branded
drugs and generic drugs. Among these segments, generic anti-viral drugs
segment is expected to occupy the top position in anti-viral drug market
during the forecast period. Factors such as lower cost of generic drugs as
compared to branded drugs and rising number of off-patent drugs are
anticipated to impel the growth of generic anti-viral drug segment.
Furthermore, favorable government initiatives such as prompting citizens
to adopt generic drugs for chronic diseases are expected to augment the
growth of generic anti-viral drug market.
Global Ant-Viral Drug Market is anticipated to flourish at a CAGR of
5.9% over the forecast period. Further, the market of anti-viral drugs
accounted for USD 31.2 Billion in 2016 and is projected to garner USD 42.3
by the end of 2024. Rising prevalence of viral infections and diseases across
the globe is expected to increase the demand for anti-viral drugs globally.
North America dominated the overall market of anti-viral drugs in 2016.
Further, North America market is expected to continue its dominance over
the forecast period on the account of rising healthcare expenditure.
Additionally, presence of highly developed healthcare infrastructure and
rising awareness about the viral infections is expected to fuel the growth of
anti-viral drugs market in the North America region.
Asia Pacific is anticipated to witness robust growth over the forecast period
2017-2024. This growth can be attributed to the increasing number of virus
infected people and rising disposable income of the population.
Additionally, rising medical tourism in the region is projected to
supplement the growth of the anti-viral drugs market.
Request Sample Report @ https://www.researchnester.com/sample-
request/2/rep-id-473
Copyright © Research Nester
www.researchnester.com