In 2014, the global antiviral market was estimated to be worth USD 27.6 billion and is expected to reach revenues of approximately USD 36.44 billion by 2019 at a CAGR of 5.71% between 2014 and 2019. The antiviral drugs are medicines that cure or control virus infections. They specifically inhibit one or more steps of virus replication without causing unacceptable side effects.
The antiviral drugs are used in the treatment of patients suffering from HIV, herpes viruses, the hepatitis B and C viruses, and influenza A and B viruses.
Request For Free Sample Report @ https://www.reportsandmarkets.com/sample-request/1208293-global-antiviral-drugs-market-segmented-by-forecasts-2017-2022
The global antiviral market is showing a moderate growth in the pharmaceutical market and is expected to reach higher levels due to increase in the diseased population, increase in awareness level and launch of new drugs with better efficacy and fewer side effects.
Market is estimated to be dominated by generic drugs in HIV, accounting for approximately 46% of the total generic drugs in 2010. HIV generics are expected to create a boom in the market, due to patent expiry of already existing drugs in the market. As a series of patent expiries, it opens opportunities for ambitious companies to seize huge revenues. Other driving factors for the market are Government policies which include the need for prior authorization in order to dispense branded drugs that have generic alternatives, while further incentives are available from Pharmacy Benefit Managers (PBM) for dispensing generic drugs. Major constraint for the market is limited resource for the access of treatment.
The generic market is currently dominated by products such as zidovudine, didanosine, stavudine and lamivudine. Overall antiviral market is driven by Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS) therapeutic sales which accounted for 61% of the market 2010. At the end of 2012, 9.7 million people in low- and middle-income countries were on antiretroviral treatment (ART). The number of people on ART increased by 1.6 million in 2012, the biggest increase in one year to date.4 out of 5 people newly put on treatment lives in sub-Saharan Africa. In 21 African countries with a high burden of HIV 2 out of 3 people in need are receiving treatment, and 2 out of 3 positive pregnant women are receiving ARV drugs to prevent HIV transmission to their infants.
Market is segmented by therapeutics and by geography. By therapeutics market is segmented into HIV/ AIDS therapeutic market, Hepatitis Therapeutics Market, Herpes Therapeutics Market, Influenza Therapeutics Market. By geography market is segmented into North America, Europe and Asia-Pacific. In countries with Major ART scale-up such as Brazil or China, the death rate among people living with HIV has decreased by 80%. In 2012, the number of people living with HIV in India were 210, 0000 and in United States of America the number was between 9, 20,000-18, 00,000.
The key challenges faced by the market are increasing usage of natural products and high cost of developing drugs. The opportunities available for this market are increasing need for broad spectrum drugs and access to antiviral drugs in the pharmerging markets. The major companies for the antiviral drugs market globally are Roche, Gilead, GlaxoSmithKline, Bristol-Myers-Squibb, Abbott, MedImmune/AstraZeneca, Schering-Plough, Johnson & Johnson, Merck & Co are the major players in the market.
Key Deliverables of the Study
Market analysis for the Global Antiviral Drugs Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market
Identification and analysis of the macro and micro factors that affect the global ophthalmic drugs and devices market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Manager – Partner Relations & International Marketing
Ph: +1-214-377-1121 (US)/ +44-020-3286-9338 (UK)