The market of antiviral
drugs is segmented on the basis of products, such as Hepatitis-C antivirals,
HIV antivirals, Herpes antivirals, Hepatitis-B antivirals, Influenza antivirals
and others. The market is also segmented on the basis of enzyme specific
actions, such as DNA polymerase inhibitors, NS3 Protease inhibitors, reverse
transcriptase inhibitors and others. The market is also segmented on the basis
of geography, such as North America, Europe, Asia-Pacific and Rest of the World
(RoW). The U.S. is the biggest market for antiviral drugs, followed by the U.K.
and Japan. However, Asia-Pacific and African regions of the world are
considered as the most promising markets in the forecast period. Virus is a
micro-infectious agent that replicates only in the living cells,which results
in prevalence of disease. Antiviral drugs are a class of medications that are
specifically used to treat the viral infections. Usually, antivirals inhibit
the growth of pathogens.
Some of the key factors driving the antiviral drugs market are strong
R&D activities, increase in healthcare expenditure, increased prevalence of
the life-threatening viral diseases and increase in the public awareness.
According to WHO, as of October 2013, there are around 35.3 million people in
the world, infected with HIV. Hence, increased viral infection incidences is
one of the prominent factors that drives the market growth. Due to strong
R&D activities, newer and advanced formulations and treatments, such as
combination therapy, vaccines and others, are being introduced in the market.
Thus, strong R&D is one of the key factors in the market growth. On the
other hand, high cost of R&D and therapy, high risk of failure and
government austerity are some of threats expected to hinder the growth of
market.
Some of the major players operating in this market includes GlaxoSmithKline,
plc. Abbott Laboratories, AstraZeneca AB, BoehringerIngelheim Corporation,
Novartis International AG, Merck and Co. Inc., Johnson & Johnson amongst
others.
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Pharmaceutical Market: http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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