The Antiviral Combination Therapy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Antiviral Combination Therapy Global Market Report 2024, The antiviral combination therapy market size has grown strongly in recent years. It will grow from $51.15 billion in 2023 to $54.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to risen viral infections, patient preference for combination treatments, emergence of drug resistance, advancements in virology and immunology, global healthcare initiatives.
The antiviral combination therapy market size is expected to see strong growth in the next few years. It will grow to $71.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to continued viral threats, research and development investments, global health preparedness, patient-centric approaches, potential expansion to new viral indications. Major trends in the forecast period include integration of nanotechnology, clinical trials for innovative combinations, collaborations for research and development, application of artificial intelligence in drug discovery, strategies for overcoming drug resistance.
The rise in the incidence of viral diseases is expected to propel the growth of the antiviral combination therapy market over the coming years. Viral diseases are illnesses caused by viruses, which are microscopic infectious agents. Viruses have genetic material such as DNA or RNA surrounded by a protein coat. Antiviral combination therapies are used to reduce the risk of drug resistance and improve the effectiveness of treatment. For instance, in June 2022, according to the report published by the World Health Organization (WHO), a Switzerland-based government agency responsible for international public health, 354 million individuals around the globe become are suffering from hepatitis B or C infections, and 1.5 million new hepatitis C infections occurring per year. Therefore, an increase in incidences of viral diseases is driving the growth of the antiviral combination therapy market.
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The Antiviral Combination Therapy Market Covered In This Report Is Segmented –
1) By Type: Branded, Generic
2) By Drug Combination: Nucleotide Reverse Transcriptase Inhibitors/Non-Nucleotide Reverse Transcriptase Inhibitors, Integrase Inhibitor/Nucleotide Reverse Transcriptase Inhibitors, Nucleotide Reverse Transcriptase Inhibitors, Nucleotide Reverse Transcriptase Inhibitors/Protease Inhibitor, Other Drug Combinations
3) By Route Of Administration: Oral, Intravenous
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
5) By Indication: Human Immunodeficiency Virus, Hepatitis, Other Indications
Product innovation is a key trend gaining popularity in the antiviral combination therapy market. Major companies operating in the antiviral combination therapy sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in December 2022, Gilead Sciences, Inc., a US-based biopharmaceutical company, announced that Sunlenca (lenacapavir), in combination with other antiretroviral(s) (ARV), has been granted approval by the U.S. Food and Drug Administration (FDA), a US-based federal agency of the United States Department of Health and Human Services, for the treatment of HIV-1 infection in heavily treatment-experienced (HTE) adults with multi-drug-resistant (MDR) HIV-1 infection. This approval is specifically for heavily treatment-experienced (HTE) adults with multi-drug-resistant (MDR) HIV-1 infection.
The Antiviral Combination Therapy Market Report Table Of Contents Includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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