Remdesivir Market Forecast to 2027 Detailed in New Research Report

 Remdesivir Market

Remdesivir is an antiviral drug. FDA approved the remdesivir drug in April 2020 for the clinical trials for COVID 19 treatment. Studies have shown that around 46% of US patients have been recovered from COVID 19 quickly.

The growth of the global Remdesivir (COVID 19) market can be contributed to the growing need for rescue medication, including remdesivir drugs, due to the outbreak of COVID-19 globally. Furthermore, the rising geriatric population is also expected to fuel market growth during the forecast period. However, the availability of various substitutes for Remdesivir (COVID 19), are expected to restrain the growth of the global Remdesivir (COVID 19) market.

According to MRFR analysis, Global Remdesivir (COVID 19) Market is expected to register a CAGR of 31.2% during the forecast period of 2020 to 2027 and reach USD 10,119.99 Million by 2027.

Gilead Sciences, Inc., Bright Gene, Hainan Haiyao, Cipla, Pfizer, Merck, Cayman Chemical, Kelun Pharma, Hunan Warrant Pharmaceutical, Dr. Reddy's Laboratories, and others are some of the major market leaders in Remdesivir. Organic strategies such as product launches, mergers, and collaborations are used by the companies operating on the market to boost their share. Gilead Sciences, Inc., for instance, has announced it will donate 1.5 million doses of the medication for compassionate use. The company has also started manufacturing liquid and freeze-dried ways to improve supplies. UK-based AstraZeneca has approached rival drug maker Gilead Sciences about a potential merger.

Major Key Players:

Some of the key players in the global remdesivir (COVID 19) market are Gilead Sciences, Inc. (US), Mylan (US), Cipla (India), Hetero Labs (India), and Jubilant Life Sciences (India)

Segment Analysis

Global Remdesivir (COVID 19) market has been segmented based on the Dosage and Distribution Channel.

Based on the dosage, the global remdesivir (COVID 19) market has been segmented into 5mg, 10mg, 50mg, and 100mg. The 100 mg segment is expected to hold the largest market share owing to rise in COVID 19 and 100 mg is specifically used for older people and COVID 19 is affecting more in older people

On the basis of distribution channel, the market has been segmented into hospitals and drug stores. The hospitals are expected to hold a major market share owing to government regulation i.e. the drug can be given in the hospitals only.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2020, owing to the growing cases of COVID 19 in the region. The remdesivir (COVID 19) market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European remdesivir (COVID 19) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The remdesivir (COVID 19) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing rate of COVID 19 cases, the market in Asia-Pacific is expected to be the fastest-growing. The remdesivir (COVID 19) market in the Middle East & Africa has been divided into the Middle East and Africa.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

New-Born Screening Market Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2032

New-Born Screening Market Newborn screening is the practice of testing every newborn for some harmful or possibly fatal disorders that are not otherwise obvious at birth. New-born screening involves the use of various devices for the screening procedure. Diseases such as phenylketonuria, congenital hypothyroidism, galactosemia, sickle cell disease, cystic fibrosis, tyrosinemia, and other such disorders can be screened using new-born screening devices. The rising prevalence of neonatal conditions and government support along with new-born screening programs have led to the growth of the new-born screening market in recent years. Additionally, increasing neonatal population and technological advancements are likely to contribute to the growth of the market over the assessment period. The new-born screening market is projected to reach USD 1.02 Billion by 2032 at 8.20% CAGR during the forecast period 2023-2032 The key factors driving the market growth are increasing spending by g
Read more

Patient Registry Software Market: A Regional Overview

In an era of data-driven healthcare, patient registry software has emerged as a pivotal tool for healthcare professionals, researchers, and policymakers. These platforms enable the efficient collection, management, and analysis of patient data to improve care quality, enhance clinical research, and address public health concerns. This article explores the Patient Registry Software Market, offering a comprehensive regional perspective on its growth and significance. The global patient registry software market has been on a steady rise due to the increasing importance of evidence-based medicine and the continuous quest for enhanced patient outcomes. These software solutions have become essential in capturing patient data, streamlining patient management, tracking disease prevalence, and facilitating clinical research. As the demand for integrated healthcare solutions grows, patient registry software is witnessing substantial adoption across the world. Its value extends beyond indivi
Read more

Veterinary Medicine Market Forecast to 2032: Trends, Analysis & Growth Projections

The Veterinary Medicine Market is expected to reach USD 44.92 billion at CAGR of 5.6% during the forecast period of 2023 to 2032 . The Veterinary Medicine market is a dynamic and rapidly evolving sector that plays a pivotal role in safeguarding the health and well-being of animals. With a growing emphasis on preventive healthcare and advancements in veterinary science, the market is witnessing significant expansion. Veterinary science, encompassing a wide range of medical disciplines dedicated to animal care, forms the cornerstone of this market's growth. One notable trend within the Veterinary Medicine market is the rise of holistic veterinary medicine . This approach goes beyond traditional medical practices, considering the overall well-being of animals by addressing not only physical ailments but also emotional and environmental factors. Holistic veterinary medicine integrates various therapeutic modalities, including acupuncture, herbal medicine, and nutritional counselli
Read more