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Taking all these factors the market for anti-viral drugs is expected to reach $62.67 billion by the end of the forecast period growing at a CAGR of 6.9%.
The recent market developments has necessitated a ‘see through’ approach so as to avoid the slippery slope generated by the changing paradigms resulting from the powerful forces of economy, business models, competition and others. “Market Research future” presents its latest report titled “World Anti-Viral Drugs Market –forecast till 2022” to help clear the blur resulting from these developments and to give the reader a clear picture of the possibilities and nuisances lying ahead!
Global Anti-Viral Drugs Market - Overview:
Viruses are the ultimate parasites as they derive nutrition from the host cell and also capture and direct its metabolic machinery to synthesize fresh virus particles. Viruses can live and duplicate only inside host a body. Anti-viral medicines are specifically utilized to treat viral infections and act mostly by inhibiting their target viruses. The major factors influencing the growth of antiviral drugs market are growth in global healthcare expenditure, growing research and development for novel drugs, emergence of virus life-threatening diseases like bird flu, strong development pipeline and growing incidence rates of viral infections particularly HIV. WHO estimates 36.7 million people are suffering from HIV/AIDS worldwide with 1.1 million deaths of AIDS-related illnesses in 2015.
Furthermore, Increasing HIV prevalence in sex workers is the major driver for the growth of HIV diseases. According to AVERT an organization based in U.K that provides HIV & AIDS information; in low-and middle-income countries, HIV widespread among sex workers is found to be around 12%. However, there are major variations amongst nations. It has also found that on an average of 37% of sex workers have HIV; found in 16 countries in sub-Saharan Africa. In countries like Nigeria and Ghana,
HIV prevalence among sex specialists is eight times higher than that in the rest of the population. HIV prevalence among female sex workers (FSW) have upraised particular concerns about epidemics in Central Asia and Eastern Europe, where there is a substantial overlap between sex work and infusing drug use. Despite the fact that sex workers are one of the groups most influenced by HIV, they are likewise one of the groups destined to react well to HIV prevention programs. Increasing prevalence of such diseases further influences the growth of the market. Adding to the growth of the market the increasing prevalence of virus influenza is further influencing the growth of the market.
The market is forecasted to demonstrate a double digit growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017 – 2022.
Global Anti-Viral Drugs Market – Key Players:
Johnson & Johnson, Merck & Co. Inc., Gilead Sciences Inc., Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Abbott Laboratories, Novartis International AG, Astra Zeneca AB, Cipla Inc. are some of the prominent players at the forefront of competition in the Global Anti-Viral Drugs Market and are profiled in MRFR Analysis.
Global Anti-Viral Drugs Market - Competitive Analysis:
Characterized by the presence of several well-established and small players, the global market of anti-viral drugs appears to be highly competitive and fragmented. With well-established market in the North America region major companies like AstraZeneca Eli Lilly, Pfizer, GSK, Pfizer and various others have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.
Global Anti-Viral Drugs Market - Regional Analysis:
The global market is segmented into the various regions including Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest market share of about more than ~40% of the market share due to extensive use product by the patients in the regions, major manufacturers developing the product in the region, increasing healthcare expenditure, growing research and development for anti-viral drugs.
Europe is the second largest market of Anti-Viral Drugs majorly due to high prevalence of various diseases. However Asia Pacific market is expected to grow at the fastest growth rate due to awareness of Anti-Viral Drugs, Asia Pacific accounting for more than 60% of the global population and increasing aging population. Particularly, India and China are anticipated to be a growing and the fastest growing market. Many major players seeking opportunity and expand their presence in this region influencing the growth of the market.
The Middle East & Africa holds the least share in the Global anti-viral drugs Market due to lack of awareness, less market access scenarios activities, and poor medical facilities.
Global Anti-Viral Drugs Market – Segmentation:
Global Anti-viral drugs market has been segmented on the basis of application, which comprises hepatitis, HIV/AIDS, herpes, influenza and others. On the basis of mechanism of action; market is segmented into nucleotide polymerase inhibitors, reverse transcriptase inhibitors, protease inhibitors and others.
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 4. Market Factor Analysis
Chapter 5. Global Anti-Viral Drugs Market, By Application
Chapter 6. Global Anti-Viral Drugs Market, By Mechanism Of Action
Chapter 7. Global Anti-Viral Drugs Market, By Regions
Chapter 8. Company Landscape
Chapter 9. Company Profile
Chapter 10. Appendix
Chapter 11. List Of Tables:
TABLE 1 GLOBAL ANTI-VIRAL DRUGS MARKET, 2013-2022 (USD MILLION) TABLE 2 GLOBAL ANTI-VIRAL DRUGS MARKET, BY APPLICATION, 2013-2022 (USD MILLION)
TABLE 4 GLOBAL ANTI-VIRAL DRUGS MARKET, BY REGION, 2013-2022 (USD MILLION)
Chapter List of Figures:
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 GLOBAL ANTI-VIRAL DRUGS MARKET, BY APPLICATION
FIGURE 4 GLOBAL ANTI-VIRAL DRUGS MARKET, BY MECHANISM OF ACTION
FIGURE 5 GLOBAL ANTI-VIRAL DRUGS MARKET, BY REGION
FIGURE 6 GLOBAL ANTI-VIRAL DRUGS MARKET: COMPANY SHARE ANALYSIS, 2015 (%)
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