Industry: Healthcare
Published Date: November-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 188
Report ID: PMRREP33257
The global antiviral drugs market is projected to showcase a CAGR of 3.8% during the forecast period from 2024 to 2031. It is anticipated to increase from US$ 67.5 Bn recorded in 2024 to a staggering US$ 87.8 Bn by 2031.
The global antiviral drugs market is categorized into North America, Europe, East Asia, South Asia & Oceania and Middle East & Africa. The market is competitive in these regions as they are home to leading global market players such as F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, AbbVie, Merck & Co., Inc. and Johnson & Johnson Services, Inc.
The antiviral drugs market is growing due to several key factors, including the increasing global prevalence of viral infections like HIV, Hepatitis, and Influenza. As these diseases continue to affect millions worldwide, the demand for effective antiviral treatments and preventive measures rises significantly.
Advancements in drug development, including the emergence of long-acting antiviral therapies and personalized medicine, are driving market growth. These innovations improve treatment outcomes, enhance patient adherence, and address previously unmet medical needs. With governments and healthcare organizations prioritizing viral infection control, the combination of rising disease rates and continuous therapeutic advancements ensures sustained growth in the antiviral drugs market.
Key Highlights of the Market
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Market Attributes |
Key Insights |
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Global Antiviral Drugs Market Size (2024E) |
US$ 67.5 Bn |
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Projected Market Value (2031F) |
US$ 87.8 Bn |
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Global Market Growth Rate (CAGR 2024 to 2031) |
3.8% |
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Historical Market Growth Rate (CAGR 2019 to 2023) |
3.1% |
North America dominates the global antiviral drugs market by expanding at a CAGR of 4.1 through 2031. driven by advanced healthcare infrastructure, robust research and development capabilities, and high awareness of viral infections. The United States and Canada contribute significantly to this leadership, supported by government initiatives like funding infectious disease programs and promoting innovative therapies.
High vaccination rates, effective prevention strategies, and the expiration of patented drugs impact market growth. Despite these challenges, the region's strong focus on combating viral infections and the growing need for advanced treatment solutions position North America as a leading regional market for antiviral drugs.
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Category |
CAGR through 2031 |
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Type - Branded Antiviral Drugs |
4.3% |
Branded antiviral drugs are expected to maintain their dominance in the market by exhibiting a CAGR of 4.3% during the forecast period from 2024 to 2031. The segment is expected to be driven by the high adoption rate in both North America and Europe.
The generics segment is being driven by rising demand for generic antiviral drugs in developing countries due to their cost-effectiveness. The market for generic antiviral drugs is very competitive.
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Category |
CAGR through 2031 |
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Application - HIV |
3.9% |
The market is expected to grow significantly due to the high prevalence of HIV infection combined with a high treatment rate, the presence of branded drugs, and government initiatives to increase the treatment rate.
The governments in key countries have announced the Ending the HIV Epidemic (EHE) plan, which aims to end the HIV epidemic in the near future. The goal of the initiative is to reduce HIV infections and improve diagnosis and treatment rates all over the world.
The antiviral drugs market has emerged as a vital segment of the global pharmaceutical industry, addressing a wide range of viral infections such as HIV, Hepatitis, and Influenza. Market growth is driven by increasing viral infection rates, advancements in antiviral therapies, and rising awareness of disease prevention.
North America holds a dominant position in the market, attributed to its advanced healthcare infrastructure, strong R&D capabilities, and significant government support for combating infectious diseases. Europe follows closely, benefiting from high adoption rates of branded drugs, while developing regions see rapid growth due to the affordability and accessibility of generic antiviral medications.
Global trends highlight a growing emphasis on innovative treatment approaches, with governments and health organizations launching initiatives like the Ending the HIV Epidemic plan to improve treatment rates and reduce infections. Branded antiviral drugs maintain dominance in developed markets, driven by high adoption and trust, whereas generics are increasingly favored in price-sensitive regions due to their cost-effectiveness.
However, challenges such as patent expirations, competitive pricing, and rising vaccination rates against viral diseases could restrain market growth. Despite these hurdles, ongoing technological advancements and increased investment in antiviral drug research are expected to drive sustained market expansion.
The global antiviral drugs industry recorded a decent CAGR of 3.1% during the period from 2019 to 2023. The antiviral therapeutics market is expected to grow notably, owing to increased antiviral drug research and development spending by both private and public companies. The sudden emergence of COVID-19 had a positive impact on the growth of the global antiviral therapy market.
The key market players including Gilead Sciences, Inc., GlaxoSmithKline Plc., F. Hoffmann-La Roche Ltd., AbbVie Inc., Merck & Co. Inc. are collaborating on the research and development of new therapies to reduce the cost of treating viral infections. For instance,
The need for broad-spectrum antiviral drugs has increased due to the treatment of novel coronavirus. COVID-19 is commonly treated with Remdesivir, Favipiravir, Oseltamivir, and other combination medicines. In the next two to three years, rising disease incidence combined with increased research and development will drive the demand for antiviral drugs. In the coming years, increasing collaborations for antiviral drug development and manufacturing are expected to result in the development of a large number of novel drugs.
Increasing Prevalence of Viral Infection
The increasing prevalence of viral infections is a significant driver for the antiviral drugs market growth. Diseases such as HIV, Hepatitis, and Influenza continue to pose global health challenges, contributing to rising demand for effective treatment options.
High infection rates in both developed and developing regions underscore the need for advanced antiviral therapies to manage these conditions. Additionally, emerging viral threats and outbreaks further highlight the importance of antiviral drugs in epidemic preparedness. This growing burden of viral diseases fuels innovation and investment in the development of targeted, efficient antiviral treatments to address the evolving healthcare landscape.
High Treatment Rates in Developed Regions
High treatment rates in developed regions are a key driver for the antiviral drugs market growth. In countries like the United States, Canada, and Europe, advanced healthcare infrastructure and widespread access to medical treatments have led to increased adoption of antiviral therapies.
The availability of branded antiviral drugs, backed by strong clinical evidence and government support, has resulted in higher treatment adherence rates, particularly for chronic conditions like HIV and Hepatitis. Furthermore, the focus on early diagnosis, improved patient outcomes, and innovative treatment regimens in these regions has spurred consistent demand for antiviral drugs.
Patent Expirations Remain a Key Barrier
Patent expirations are a significant restraint for the antiviral drugs market growth, as they lead to the loss of exclusivity for branded drugs. When patents expire, generic versions of antiviral medications enter the market, often at lower prices, which reduces the revenue potential for branded drug manufacturers.
Shift toward generics, while beneficial in terms of affordability, creates intense price competition, particularly in price-sensitive markets. As a result, pharmaceutical companies face challenges in maintaining market share and profitability. Additionally, the availability of generics can limit the incentive for companies to invest in the development of new antiviral drugs, slowing innovation in the market.
Increased Focus on Rare and Emerging Viral Infections
An increased focus on rare and emerging viral infections presents a significant opportunity in the antiviral drugs market. With the rise in global travel, climate change, and evolving pathogens, new viral threats are emerging at a rapid pace, creating a growing need for targeted antiviral therapies.
Diseases such as Zika, Ebola, and new strains of Influenza have highlighted gaps in existing treatment options, prompting pharmaceutical companies to develop specialized drugs for these rare and often neglected infections.
The heightened awareness and urgency around these emerging virus open avenues for innovation, research, and collaboration, offering opportunities for pharmaceutical companies. By focusing on these rare and emerging viral infections, companies can tap into niche markets with limited competition, positioning themselves as leaders in specialized antiviral treatments.
Key players in the antiviral drugs market companies invest significantly in research and development to maintain their market leadership, driving the introduction of new and effective antiviral therapies. Additionally, generic drug manufacturers are expanding their footprint in North America, capitalizing on the region’s growing demand for affordable treatment options.
The market is also witnessing increased competition from emerging players that focus on niche viral infections and the development of innovative antiviral solutions, such as long-acting drugs or vaccines.
Recent Industry Developments
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Drug Class
By Type
By Application
By Region
To know more about delivery timeline for this report Contact Sales
Yes, the market is set to reach US$ 87.8 Bn by 2031.
The United States is estimated to witness a high market share in 2031.
F. Hoffmann-La Roche Ltd. and GlaxoSmithKline plc are considered the leading players.
As of 2024, GlaxoSmithKline plc. has been dominant.
The market is estimated to exhibit a CAGR of 3.8% through 2031.
