According to the report Europe Antiviral Drugs Market, published by Market Data Forecast, the global market is projected to reach USD 10.41 billion by 2021, at a CAGR of 4.98% from 2016 to 2021.
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. Europe is among the leading market for the product.
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.
Get a comprehensive overview of the Europe Antiviral Drugs Market: http://www.marketdataforecast.com/market-reports/europe-antiviral-drugs-market-1589/
Europe Antiviral Drugs Market: Drivers & Restraints
The growth of antiviral drugs in European market is majorly driven by factors such as increased public awareness, well-established supply chain, and increase in viral infection incidences. Additionally, dearth of broad spectrum antiviral drugs in the market provides huge opportunity for pharmaceutical companies to expand business in the region. The key restraints of the market are high cost involved in drug development, lack of incentivization, and side-effects of products such as nausea, diarrhea, and behavioral changes.
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Europe Antiviral Drugs Market: Segmentation
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
- DNA polymerase
- NS3 Protease
- Reverse transcriptase
- Y-o-Y Growth Analysis, By Target
- Market Attractiveness Analysis, By Target
- Market Share Analysis, By Target
By End Users
- Research Institutes
- Laboratory Centers
- Y-o-Y Growth Analysis, By End Users
- Market Attractiveness Analysis, By End Users
- Market Share Analysis, By End Users
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Europe Antiviral Drugs Market: Overview
Over the coming years, the increasing focus of drugmakers on the research activities for the innovation and advancements in antiviral drugs and therapies, boosted by the frequent reports of new viral infectious disease outbreaks, is expected to influence this market positively in the near future. However, the high capital investment needed for drug development may hamper the progress of this market to some extent over the forthcoming years, notes the study.
The large pool of patients undertaking antiretroviral treatments, thanks to the rise in their preference for novel drugs, will surface as the key factor behind the growth of this regional in the years to come. Apart from this, the increasing level of awareness among consumers regarding the treatment of viral infections, technological advancements in diagnostic facilities, introduction of efficient drugs on a regular basis, and a favorable reimbursement scenario are also predicted to boost the Europe market for antiviral drugs in the near future.
Europe Antiviral Drugs Market: Region-wise Outlook
The European market is geographically segmented into United Kingdom, Spain, Germany, Italy, and France. Europe, which acquired the second position in the global market in 2015, is anticipated to remain seated in this position over the next few years.
Key Questions Answered
- What are the major players in this industry and the key strategies adopted by them to sustain and grow in the studied Europe market ?
- What is the current and future Antiviral Drugs Market outlook in Europe? What trends are affecting the Europe market?
- What is the competitive landscape and market share of major players in the Antiviral Drugs space in Europe?
- What are the key, high growth markets that Antiviral Drugs manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Antiviral Drugs currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Antiviral Drugs?
- What are the challenges and barriers that have hindered widespread adoption of Antiviral Drugs?
Europe Antiviral Drugs Market: Key Players
The major companies dominating the Antiviral Drugs market are Johnson & Johnson (USA), Novartis International AG (Switzerland), Roche Holding AG (Switzerland), Pfizer (USA), Merck and Co. Inc (USA), GlaxoSmithKline plc (United Kingdom), AstraZeneca AB (United Kingdom), Gilead Sciences (USA), and Abbott Laboratories (USA).
Reasons to buy Europe Antiviral Drugs Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Europe Anticoccidial Drugs Market: http://www.marketdataforecast.com/market-reports/europe-anticoccidial-drugs-market-23/
Europe Antivenom Market: http://www.marketdataforecast.com/market-reports/europe-antivenom-market-1582/
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