(PharmaNewsWire.Com, January 04, 2017 ) According to the report Asia-Pacific Antiviral Drugs Market, published by Market Data Forecast, the Asia pacific market is projected to reach USD 7.46 billion by 2021, with a CAGR of 6.12% during forecast period 2016-2021.
Antiviral drugs are curative or disease controlling agents against viral infections. These drugs particularly attack viruses at different metabolic processes and modify the normal functioning of viral particles. The evolution of broad spectrum antiviral drugs that certainly attack viruses at specified targets such as DNA polymerase, NS3 Protease, & Reverse Transcriptase. These drugs are used to avoid or cure different viral infections such as HIV/AIDS, Hepatitis, influenza, and other viral infections.
The development of Antiviral Drugs market is chiefly driven by factors which includes increase in public awareness, rise in healthcare expenditure, boost in Research and Development segment, exposure of virus induced life-threatening diseases, introduction of novel drugs, well-established supply chain and inclining incidence rates of viral infections such as HIV. Furthermore, as late stage pipeline drugs are anticipated to hit the market, this further assist the growth of antiviral drugs market.
The major companies dominating the Asia pacific Antiviral Drugs market are Johnson & Johnson (USA), Novartis International AG (Switzerland), Roche Holding AG (Switzerland), Pfizer (USA), Merck and Co. Inc (USA), GlaxoSmithKline plc (United Kingdom), AstraZeneca AB (United Kingdom), Gilead Sciences (USA), and Abbott Laboratories (USA).
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