Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Southeast Asia Antiviral Drug Market growing owing to fueling the need for treatment of viral diseases and increasing immune system
The Southeast Asia antiviral drug market has the potential to grow with propelling CAGR in the forecast period from 2020-2027. The emerging demand for the antiviral drug in Southeast Asia is mainly owing to emerging viral diseases, low immunity systems, the prevalence of hepatitis C and influenza is driving the market share.
With the emergence of anti-hepatitis C drugs and a new generation of anti-AIDS drugs, the market pattern of antiviral medications has quietly changed. The effective antiviral therapies are propelling the treatment of AIDS has improved the life of the patients.
The market value of anti-hepatitis C drugs and anti-AIDS drugs is the main factor driving the growth of the Southeast Asia antiviral drug market. With the advent of new anti-hepatitis C drugs and the birth of new anti-AIDS drugs and multiple anti-AIDS drug compound preparations with different mechanisms of action, the Southeast Asia antiviral drug market will continue to expand.
Moreover, Antiviral drugs can reduce symptoms and shorten the period of illness, just like the role of seasonal flu. These drugs can also help prevent severe disease and death. The mechanism of antiviral drugs is to achieve resistance to further infection of the virus by affecting a specific part of the interference virus replication cycle.
Drug Class overview in the Southeast Asia antiviral drug market
Based on the drug class, the Southeast Asia antiviral drug market segment into DNA Polymerase Inhibitors, Reverse Transcriptase Inhibitors, Protease Inhibitors, Neuraminidase Inhibitors, Others. The Reverse Transcriptase Inhibitors segment accounted for the largest share in the Southeast Asia antiviral drug market. Reverse Transcriptase Inhibitors is the first drug to fight against the human immunodeficiency virus and treat acquired immune deficiency syndrome (AIDS). The development of nucleotide HIV reverse transcriptase inhibitors (NRTI), non-nucleotide HIV reverse transcriptase inhibitors (NNRTI), HIV protease inhibitors (PI) has sprung up, and the development trend is rapid. The speed ranked as the first ant-viral drugs.
Application overview in the Southeast Asia antiviral drug market
Based on the application, the Southeast Asia antiviral drug market classified into HIV, Hepatitis, Influenza. The Hepatitis segment is estimated to dominates the maximum share of Southeast Asia antiviral drug market in the forecast period. These drugs can slow or stop the hepatitis virus, thereby reducing liver inflammation and damage. Antiviral drugs recommended as they are safer and most effective. Compared with the old antiviral medications, they also have better drug resistance, which means that when they have taken as prescribed, mutations and drug resistance are less likely to occur.
Type overview in the Southeast Asia antiviral drug market
Based on the type, the Southeast Asia antiviral drug bifurcated into Branded, Generic. Branded dominates the largest market share in the Southeast Asia antiviral drug market. It is mainly due to the belief in people that branded drugs help in curing the disease faster than generic. Moreover, branded drugs certified by the government and also prescribed by the doctors. Therefore, the demand for branded medications is higher than generic drugs.
Region overview in the Southeast Asia antiviral drug market
Based on geography, the Southeast Asia antiviral drug market segmented Indonesia, Malaysia, Philippines, Thailand, Vietnam, Singapore, Myanmar, Rest of Southeast Asia. Vietnam region is capturing the largest market share of the Southeast Asia antiviral drug market. It is mainly owing to the awareness among people regarding the viral diseases and availability of antiviral drugs used for the treatment of HIV disease is propelling the market demand for the antiviral drug in Vietnam.
Southeast Asia antiviral drug Market: Competitive Landscape
Companies such as Gilead Sciences, F. Hoffmann-La Roche AG, GlaxoSmithKline plc, AbbVie, Merck & Co., Inc., Johnson & Johnson Services, Inc., Bristol-Myers Squibb Company, Cipla Inc., Aurobindo Pharma, Dr. Reddy's Laboratories and others are key players in the Southeast Asia antiviral drug market.