Market Research Forecasts Antiviral Market at $30 Billion by 2017
MAY 7, 2012 - 06:08 ET
ROCKVILLE, MD--(Marketwire - May 7, 2012) - MarketResearch.com has announced the addition of the new report "Antivirals Market to 2017 - Increased Uptake of High Priced Combination Drugs will Offset the Impact of Generics in the HIV Therapeutics Market," to their collection of Pharmaceuticals market reports. For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Antivirals-Increased-Uptake-High-Priced-6907623/
The global Antivirals market shows a moderate growth in the pharmaceutical market and is expected to increase further due to increase in the diseased population, increase in awareness level and launch of new drugs with better efficacy. Some major patent expiries are expected during the forecast period, such as for Sustiva, Combivir, Tenofovir, Telbivudine, Tamiflu and Relenza (by 2017). The patent expiries of these blockbuster drugs will trigger generic competition in the antivirals therapeutics market, making it more competitive. The late stage pipeline drugs such as Rilpivirine, Vicriviroc, Elvitegravir, Inavir and Rapiacta are expected to enter the market, which will positively impact the market.
In 2010, the global antivirals market was estimated to be worth $22.1 billion and is expected to reach revenues of approximately $30.1 billion by 2017 at a CAGR of 4.5% between 2010 and 2017. Overall antiviral market is driven by Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS) therapeutic sales which accounted for 61% of the market 2010. The Research and Development (R&D) pipeline appears moderately strong with 483 molecules, 33% of which are in Phase II.
For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Antivirals-Increased-Uptake-High-Priced-6907623/
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