Europe Antiviral Drugs Market Industry Challenges Business Overview and Forecast Research Study by 2027

Europe Antiviral Drugs Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Europe Antiviral Drugs Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status.

Expanding foothold of reverse transcriptase inhibitors following the rise in HIV population will bolster the manufacturing of antiviral drugs in the U.K., Italy, Germany and France. Moreover, rise in FDA approvals has further added impetus towards the product portfolio expansion of the drug. The reverse transcriptase inhibitors segment witnessed over 40% market share in 2020 and will thrive with increasing footprint across the end-use applications.

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Rising cases of viral infection, including hepatitis, coronavirus, AIDS and respiratory syncytial virus (RSV) infection will underscore Europe antiviral drugs market value. Soaring geriatric demographics will further augment the product adoption. Prominently, elderly population suffering from hypertension, diabetes and CVD are more prone to coronavirus.
An upsurge in the number of drug approvals will augur well for the industry size expansion. The application of anti-viral drugs has played a pivotal role in reducing infection and viral load. Moreover, rising marketing authorization for COVID-19 prescription drugs will further the market presence of drugs. Russia, for instance, gave a green signal for the first COVID-19 drug in September 2020 for sale in pharmacies. According to an estimate, Europe antiviral drugs market size will surpass USD 8.7 billion by 2027.
End-users are expected to show increased traction towards branded drugs as they have original drug class which are manufactured and developed through original pharmaceutical company. Besides, bullish demand for branded drugs and an upsurge in research and development activities have come in the backdrop of increased efficacy and specificity.
A meteoric rise in hepatitis cases has prompted the manufacturers to up the production of antiviral drugs. According to the WHO, hepatitis incidence rate among the EU members stands at 8.7 per 100,000.  Europe antiviral drugs market revenue from the hepatitis segment surpassed USD 2 billion in 2020 and will grow owing to rise in drug approval across the region.
With a spike in geriatric population across the region, industry participants are poised to inject funds in the landscape. According to the Eurostat, over 20% of the EU-27 population are aged 65 years or over. The market share from the geriatric segment in Europe will grow at a considerable rate by 2027.
The U.K. is likely to come up as a happy hunting ground in the wake of expansion of healthcare facilities and presence of large patient pool. Prominently, thriving R&D activities and presence of leading companies will underscore the business outlook. Robust approval of drugs and rising drug trial will pan well for industry participants vying to expand their portfolios. Specifically, the U.K. confirmed the roll out of new trial in May 2020 focusing on COVID-19 patients.
Stakeholders will expand their presence in Germany on the heels of use of anti-viral medicines for the treatment of infectious diseases, including hepatitis and coronavirus. Notably, surge in baby boomer population has further augmented the demand for anti-viral therapeutics. The American Association of Retired Persons claims that Germany is among the five super-aged societies in the globe. The number of people aged 65 and older is forecast to be pegged at 24 million by 2050 in Germany.
Key industry players in the landscape are GlaxoSmithKline, plc, AstraZeneca, Johnson & Johnson, Gilead Science and Merck & Co., among others. These leading companies will further their product lines and up their focus on mergers & acquisitions. Illustratively, Gilead was approached by AstraZeneca for a merger in June 2020.

An overview of the regional analysis:

  • North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America are the key regional contributors of the Emergency Europe Antiviral Drugs market.
  • Regional contribution to the overall growth is summed up in the study.
  • Tallies of the total sales and revenue garnered by each geography are listed.
  • Growth rate projection for each regional market during the forecast period is deciphered as well.

Table of Contents:

  • Global Emergency Europe Antiviral Drugs Market Overview
  • Market Competition by Manufacturers
  • Production, Revenue (Value) by Region
  • Supply (Production), Consumption, Export, Import by Regions
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis

Full Report link:https://www.marketstudyreport.com/reports/europe-antiviral-drugs-market-statistics?utm_source=MarketWatch&utm_medium=RV 

COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.

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