The global demand for Remdesivir Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Remdesivir is an antiviral medication with potential activity against a variety of RNA viruses. It was initially developed to treat hepatitis C but now has been widely adopted for coronavirus disease. Remdesivir shows a potential antiviral activity against the Ebola virus, MERS-CoV, and SARS-CoV. It works by inhibiting the virus from spreading in the body. Remdesivir comes as a solution or liquid and as a powder to be mixed with liquid and infused into a vein.
Market Dynamics
The global remdesivir market is witnessing dynamic growth. Demand for remdesivir has skyrocketed in last one year. Remdesivir is broadly used worldwide for treating severe novel coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome (SARS) coronavirus 2 (CoV-2) infection. Demand for remdesivir has increased worldwide amid the spike in daily cases of COVID-19. Growing investment and regulatory & government support are favoring the market growth. Attributed to booming demand, companies have ramped up their production rate and capacities. Meanwhile, shortage of supply, black market, and availability of other antiviral drugs substitute FabiFlu, Tocilizumab, and others are factors restraining the demand for Remdesivir. Moreover, health experts found that remdesevir does not hinder disease progression and is not helpful in any way during treatment, which is likely to reduce its use for treatment.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Remdesivir. The growth and trends of Remdesivir industry provide a holistic approach to this study.
Market Segmentation
This section of the Remdesivir market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Dosage
By Distribution Channel
- Hospitals
- Drug Stores
- Others
By Patient Type
- Adult
- Pediatric
- Geriatric
By Form
- Lyophilized Powder
- Concentrated Solution
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Remdesivir market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Remdesivir Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Remdesivir market include Gilead Sciences, Inc., BrightGene Bio-Medical Technology Co., Ltd., Saptagir Laboratories Pvt. Ltd., Ferozsons Laboratories Limited, Mylan N.V., Hovione, Syngene, EVA PHARM, Zydus Cadila., Pfizer Inc., Dr. Reddy's Laboratories Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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