Growth Drivers
Increasing Awareness Among People
The government initiatives are increasing awareness among people with respect to influenza. This has enhanced the knowledge of people about the medicines and treatments that are available in the market for influenza. The neuraminidase inhibitors drug market is anticipated to grow as awareness is increasing further among people.
Rare Resistance Development
As the drug develops rare resistance to influenza, it has to be used in good quantity to achieve better results. Theprocess of resistance development is crucial to treat influenza. This is predicted to increase the demand for the drug resulting in an increase in the market growth as well.
Improving Infrastructure and Research Facilities
Development of infrastructural facilities as well as research and development is estimated to drive the neuraminidase inhibitors drug market growth of the drug. Several tests are conducted before a drug is used in treatments hence, excellent devices and facilities are required to complement the research and to achieve accurate results.
Opportunities
There is a lot of scope for the development in the field as drugs are being constantly improved with the help of technology and innovation. Companies are focusing on upgrading the drug and this presents an opportunity for the market to grow. Further, improving treatment, better equipment for disease detection, and hospital facilities are anticipated to increase the market demand.
Challenges
The neuraminidase inhibitors drug market may experience restriction in the growth since there are side effects of the drugs, for instance, vomiting, nausea, pain, and several others. This is predicted to result in a decrease in the demand for the drug and the growth of the market. Moreover, there still prevails lack of awareness among various regions and people are unaware of the disease as well as its cure.
The neuraminidase inhibitors drug market is anticipated to grow as a significant CAGR during the forecast period, i.e., 2020-2028. This growth can be witnessed as a result of an increasing prevalence of influenza globally. Further, the advancement in the market and development of the drug is being focused upon by the companies. This will boost the market as well. The neuraminidase inhibitors drug market is segmented by drug type, by route of administration, by distribution channel, and by region. On the basis of route of administration, the market is segmented into parenteral, nasal and oral. Under the route of administration segment, the oral sub- segment is anticipated to hold maximum share as people prefer the intake of the drug for treatment.
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
6.9% |
Base Year Market Size (2024) |
USD 104.8 billion |
Base Year Market Size (2024) |
USD 249.5 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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