Neuraminidase Inhibitors Drug Market Trends

  • Report ID: 2563
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Neuraminidase Inhibitors Drug Market Trends

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.

Neuraminidase Inhibitors Drug Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

6.9%

Base Year Market Size (2023)

USD 98.04 billion

Forecast Year Market Size (2036)

USD 233.41 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 2563
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of neuraminidase inhibitors drug is estimated at USD 103.45 billion.

Neuraminidase Inhibitors Drug Market size was over USD 98.04 billion in 2023 and is anticipated to cross USD 233.41 billion by 2036, witnessing more than 6.9% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to dominate majority revenue share by 2036, as the region is highly developed since the technological advancement is rapid along with good infrastructure.

The major players in the market are F. Hoffmann La Roche, GlaxoSmithKline plc, Gilead Sciences, Daiichi Sankyo, BioCryst Ltd., and others.
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