Antiviral Drugs Market Size, Trends, Growth Analysis and Forecast By 2030
Author : sham bhau | Published On : 28 Mar 2024
Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for building Antiviral Drugs market research report. Commitment, quality, dedication, and transparency in the research report are all followed throughout to give the best service to the clients. Not to mention, this report delivers an in-depth study with respect to present and upcoming opportunities which shed light on the future investment in the market. So, to achieve competitive advantage and to thrive in the market, go for the comprehensive Antiviral Drugs market report.
Increasing healthcare expenditure on advancement and drug development is expected to give opportunities to the market. However, the increasing use of alternative treatments may challenge market growth. Data Bridge Market Research analyzes that the global antiviral drugs market is expected to reach the value of USD 107,700.57 million by 2030, with a CAGR of 5.5% during the forecast period.
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Market Overview:
Antiviral drugs are medications used to treat viral infections by inhibiting the replication of viruses within host cells. These drugs target specific viruses or types of viruses and work by either preventing the virus from entering the host cell or by blocking key enzymes or proteins required for viral replication. Unlike antibiotics, which are used to treat bacterial infections, antiviral drugs are generally less effective, as viruses have a much simpler structure and rely on host cells to replicate. However, they can still be useful in treating some viral infections, such as influenza, herpes, and HIV.
Opportunity
- Rising novel drug delivery systems
Research on antiviral medications has emphasized creating novel drug delivery mechanisms. Over conventional drug administration techniques, novel delivery systems have several benefits, such as improved bioavailability, tailored drug delivery, and fewer adverse effects.
Thus, developing novel drug delivery systems is an important area of research in antiviral drugs. Nanoparticle drug delivery systems, hydrogels, dendrimers, microneedles, and cell-penetrating peptides are some promising drug delivery systems that have been investigated for antiviral drugs. These delivery systems offer several advantages over traditional drug delivery methods and have the potential to improve the efficacy and safety of antiviral drugs and are expected to create an opportunity in the market's growth.
Challenge
- Patent expiration of antiviral drugs
The process of patent expiration results in the original developer or patent holder losing their exclusive right to produce and market a specific medicine. The patent expiration of antiviral medications may significantly impact the pharmaceutical business since it may invite competition from producers of generic medications.
Some of the major players operating in the global antiviral drugs market are Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd, GLAXOSMITHKLINE PLC, Abbvie, Merck & Co., Inc., Johnson & Johnson Services, Inc., Bristol-Myers Squibb Company, Cipla Inc., Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., Zydus Pharmaceuticals, Inc., Mylan Pharmaceuticals ULC, Teva Pharmaceuticals USA, Inc., EMERGENT, Sun Pharmaceutical Industries Ltd., Avet Pharmaceuticals Inc., Pfizer Inc., SIGA Technologies, NAVINTA LLC., Macleods Pharmaceuticals Ltd., BioCryst Pharmaceuticals, Inc, and Hetero. among others.
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