DUBLIN, Apr. 13, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Antiviral Drugs Market Analysis By Mechanism of Action (Nucleotide Polymerase Inhibitor, Reverse Transcriptase Inhibitor, Protease Inhibitor), By Application (HIV, Hepatitis, HSV, Influenza), By Type (Generic, Branded) And Segment Forecast 2014-2025" report to their offering.
The global antiviral drugs market is expected to reach a value of USD 69.2 billion by 2025
Introduction of efficient antiviral drugs with benefits such as rapid action, increased sensitivity, and lower adverse effects is expected to serve this market as a high-impact rendering driver over the forecast period. For instance, Gilead Sciences introduced an FDA-approved drug-Genvoya-in 2016 for treatment of AIDS patients who have previously faced adverse effects, such as bone loss and kidney dysfunction.
Low levels of hygiene, growing geriatric population, and increasing awareness through government campaigns are other drivers resulting in high acceptance of antiviral drugs in developing countries.
Further Key Findings From the Study Suggest:
- Reverse transcriptase inhibitors held the largest share by mechanism of action owing to availability of wide range of product portfolio and presence of new molecules in clinical trials
- Nucleotide inhibitors are estimated to grow at lucrative rate due to introduction of blockbuster molecules for treatment of Hepatitis C Virus (HCV) infections
- Generic drugs are anticipated to witness significant CAGR of over 7.0% over the forecast period as result of patent expiry of blockbuster drugs used for treatment of HIV and HCV
- Branded drugs will hold dominant position in 2025 by drug type due to brand loyalty of healthcare professions despite patent expiration and high price associated with these molecules
- HIV/AIDS held the dominant share in 2015. High prevalence of HIV infections and presence of favorable government initiatives for curbing them are key factors for high revenue of this segment
- Hepatitis on the other hand is anticipated to witness flourishing growth over the forecast period owing to introduction of new molecules and approval of novel combination treatments
- North America was the dominant regional market in 2015. High market share is associated with established R&D infrastructure and growing drug development initiatives
- Asia Pacific region is anticipated to exhibit fastest regional growth. Local presence of key generic players and growing healthcare infrastructure in this region are key factors for growth
Some of the key players of this market include
- Gilead Sciences
- F. Hoffmann-La Roche AG
- GlaxoSmithKline
- Bristol-Myers-Squibb
- AbbVie
- Johnson & Johnson
- Merck & Co.
Other generic players in this market are
- Aurobindo Pharma
- Cipla
- Dr Reddy's
Antiviral Drugs Market Variables, Trends & Scope
Market Driver Analysis
- Growing geriatric population base
- Growing prevalence of target diseases
- Increasing R&D expenditure
Market restraint analysis
- High cost
- Stringent regulatory scenario
Penetration & growth prospect mapping
Antiviral Drugs- SWOT Analysis, By Factor (political & legal, economic and technological)
Industry Analysis - Porter's
For more information about this report visit http://www.researchandmarkets.com/research/762t42/antiviral_drugs
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
