New York, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Factors attributed to the growing CAGR and high demand for the antiviral drugs market are higher incidences of HIV and other life-threatening diseases accompanied with product launches, technological progressions and overall public awareness regarding well-being of human health
According to the current analysis of Reports and Data, the global antiviral drugs market was valued at USD 49.87 billion in 2018 and is expected to reach USD 71.48 billion by year 2026, at a CAGR of 4.6%. Antiviral drugs help to diminish the duration of flu symptoms in otherwise healthy children and adults and may lessen the severity of common flu symptoms. Antiviral drugs are medicines that reduce the intensity of flu viruses to reproduce. Most antivirals are used for specific viral infections, while a broad-spectrum antiviral is effective against a wide range of viruses. Antiviral drugs are suggested for both treatment and prevention of flu. Antiviral drugs work best when consumed within 48 hours of beginning of flu symptoms, but they may still offer benefits when taken later depending upon the nature of the flu. They may also reduce the risk of complications such as ear infections in children, respiratory complications requiring antibiotics, and hospitalization in adults. Viruses use the host's cells to replicate thus, creating a safe and effective antiviral drug is tough.
Rising incidences of viral infection along with increase in public awareness, rise in healthcare expenditure, effective investments on R&D and development of severe and life-threatening diseases is likely to foster the growth of the global antiviral drugs market. Furthermore, Huge target population is provided by increasing frequency of STIs caused by human immunodeficiency virus and human papillomavirus.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the Global Antiviral Drugs market on the basis of type, application, mechanism of action and region:
Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
Mechanism of Action (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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