Antiviral drugs are a type of medicine that is used to treat viral illnesses like HIV, herpes, hepatitis, and influenza. Vaccines are the most common form of administration for these medications. Furthermore, the majority of these medications are used to treat specific viral infections, but a select handful (broad-spectrum antiviral treatments) are effective against different virus forms. Antiviral medications used to treat viral infections of the liver, such as hepatitis, are known as hepatic antiviral agents.
In recent years, the hepatic antiviral drugs market is anticipated to grow rapidly during the forecast period. According to the 2019 study "Burden of Liver Diseases in the World," liver illness causes roughly 2 million fatalities per year worldwide, with 1 million deaths owing to cirrhosis complications and 1 million deaths due to viral hepatitis and hepatocellular cancer. Cirrhosis is the 11th most prevalent cause of mortality globally, while liver cancer is the 16th most common cause of death. In addition, chronic liver disease mortality in the United States is predicted to climb, owing to an increase in non-alcoholic fatty liver disease (NAFLD). The increased prevalence of liver illnesses aided in the market's expansion.
Data Bridge Market Research analyses that the hepatic antiviral drugs market was valued at USD 16.11 billion in 2021 and is expected to reach USD 23.05 billion by 2029, registering a CAGR of 4.58% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America and Europe dominate the hepatic antiviral drugs market because of the growing prevalence of auto-immune diseases in this region. Additionally, growing focus of major key players on novel technology will further propel the market’s growth rate in this region.
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Asia-Pacific are expected to grow during the forecast period due to number of population and rising prevalence of hepatic diseases in this region.
Some of the major players operating in the hepatic antiviral drugs market are:
F. Hoffmann-La Roche Ltd. (Switzerland)
Mylan N.V. (US)
Teva Pharmaceutical Industries Ltd.(Jerusalem)
Sanofi (France)
Pfizer Inc. (US)
GlaxoSmithKline plc (UK)
Novartis AG (Switzerland)
Bayer AG (Germany)
Eli Lilly and Company (US)
Merck & Co., Inc. (US)
Allergan (Ireland)
AstraZeneca (UK)
AbbVie Inc. (US)
Aurobindo Pharma (Hyderabad)
Lupin (Mumbai)
Sun Pharmaceutical Industries Ltd. (Mumbai)
Apotex Inc. (Canada)
Amneal Pharmaceuticals LLC. (US)
Bristol-Myers Squibb Company (US)
Zydus Cadila (Ahmedabad)
Gilead Sciences, Inc. (US)
Johnson & Johnson Private Limited (US)
Cipla Inc. (US)
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The new research report titled "Antiviral Drugs Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the antiviral drugs market includes AbbVie, Aurobindo Pharma, Bristol-Myers-Squibb, Cipla, Dr. Reddy’s Laboratories Ltd, Gilead Sciences, GlaxoSmithKline, Hoffmann-La Roche AG, Johnson and Johnson, Merck & Co, and Mylan N.V.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Antiviral Drugs Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/antiviral-drugs-market/download-sampleMarket DynamicsThe market of antiviral drugs is growing mainly on the ground of rising prevalence of infectious disease along with the presence of strong pipeline of the product.
Also, increasing STD's disease and growing awareness among the people for early and efficient treatment is also projected to raise the demand for the product along with the increasing healthcare expenditure, will boost the growth of the market.
However, the high cost of the drugs is likely to restrain the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
