Market Introduction
Antiviral therapy is one of the most exciting branches of virology. These therapies are based on several strategies—direct-acting antivirals target viral proteins, enzymes, or nucleic acids; passive antibodies neutralize circulating viruses; and several other antivirals target cellular proteins or processes essential for viral replication.
Market Overview and Dynamics
The Europe anti-viral therapies market is expected to reach US$ 21,122.66 million by 2027 from US$ 11,401.67 million in 2019. The market is anticipated to grow at a CAGR of 8.1% during 2020–2027. The growth of the market is attributed to the increasing prevalence of viral diseases and outbreak of COVID-19 pandemic, surging R&D expenditures by pharmaceutical companies, and rising government support for research activities and clinical trials. However, high cost of drug development obstructs the growth of the market to a certain extent.
Key Market Segments
In terms of type, the branded drugs segment accounted for a larger share of the Europe anti-viral therapies market in 2019. In terms of mechanism of action, the nucleotide polymerase inhibitors segment accounted for the largest share of the market in 2019. In terms of application, the HIV segment accounted for the largest share of the Europe anti-viral therapies market in 2019.
Major Sources and Companies Listed
Several major primary and secondary sources associated with the Europe anti-viral therapies market report are the World Health Organization (WHO), International Trade Administration (ITA),European Federation of Pharmaceutical Industries and Associations (EFPIA), International Health Regulation (IHR),Association of the British Pharmaceutical Industry, National AIDS Trusts (NAT), and others.
Reasons to Buy Report
EUROPE ANTI-VIRAL THERAPIES MARKET SEGMENTATION
By Type
By Mechanism of Action
By Application
By Country
Company Profiles
The List of Companies - Europe Anti-Viral Therapies Market