Market Trends of Anti-infective Drugs Industry
Antiviral Products are Expected Hold a Significant Share Over the Forecast Period
Anti-viral drugs are a class of medication used for treating viral infections. The broad-spectrum antiviral is effective against many viruses; most antivirals target specific viruses. Anti-viral drugs help reduce the risk of disease and shorten the time the affected person is sick. Some antiviral drugs are Acyclovir, Brivudin, Cidofovir, Famciclovir, and others. The rise in the incidence of viral diseases such as human immunodeficiency virus infection and acquired immune deficiency syndrome (HIV/AIDS), hepatitis, and others, increasing awareness among the population about such diseases, and the rising number of research and development in the area are adding to the growth of the market.
The growing burden of several viral diseases such as HIV/AIDS, hepatitis, herpes infection, and others are creating a demand for effective treatments such as the antiviral drug, thereby boosting segment growth. For instance, as per the August 2022 update of the United States Department of Health & Human Services, an estimated 20.6 million people with HIV lived in eastern and southern Africa, 5 million in western and central Africa, and 6 million in Asia and Pacific in 2021. Further, according to the World Health Organization, an estimated 491 million people aged 15-49 worldwide were living with herpes simplex type 2 (HSV-2) infection in 2022. Thus, the massive burden of viral diseases is expected to boost segment growth.
Several market players have been focusing on producing and manufacturing anti-viral drugs, owing to their increasing necessity. For instance, in October 2021, Merck & Co., a pharmaceutical company, signed a voluntary licensing agreement with CDC. The agreement focused on facilitating affordable global access to molnupiravir, an investigational oral COVID-19 antiviral medicine for treating mild-to-moderate COVID-19 in adults at risk for progressing to severe COVID-19 and hospitalization. Similarly, in December 2022, Gilead Science received U.S. Food and Drug Administration approval for Sunlenca (lenacapavir), a new antiretroviral medication for adult patients living with human immunodeficiency virus type 1 (HIV-1). Such activities are expected to boost the antiviral segment growth over the forecast period.
Hence, market players' growing burden of viral diseases and strategic activities is expected to boost market growth over the forecast period.
North America is Expected to Hold a Major Market Share Over the Forecast Period
The North American region is expected to hold a significant share of anti-infective drugs market growth during the study period. Factors such as sophisticated healthcare infrastructure, high societal awareness, well-established distribution channels, and a good presence of e-commerce across the United States and Canada are expected to drive the market over the forecast period.
The high burden of various infectious diseases such as HIV/AIDS, hepatitis, herpes, tuberculosis, and pneumonia in the region is expected to create a demand for the treatment and management of these diseases, which is likely to boost market growth. For instance, according to the statistics published by the Centers for Diseases Control and Prevention in May 2023, in the United States, 1.2 million persons had HIV in 2021, and 36,136 individuals received an HIV diagnosis in 2021. Additionally, according to March 2023 updated statistics by Canada's Source for HIV and Hepatitis C Information, there were 1,722 HIV diagnoses in Canada in 2021. HIV infection is effectively treated and managed with anti-viral drugs such as abacavir, didanosine, etc. Hence, boosting the market growth over the forecast period.
Several key market players are also aiding the market's growth by launching several anti-infective drugs and establishing a solid regional footprint. For instance, in May 2022, the United States Food and Drug Administration approved VOQUEZNA TRIPLE PAK and VOQUEZNA DUAL PAK manufactured by Phathom Pharmaceuticals, Inc. VOQUEZNA DUAL PAK is indicated for the treatment of Helicobacter pylori infection. Similarly, in May 2023, Melinta Therapeutics, LLC and Xediton Pharmaceuticals Inc (Xediton) reported that they have entered into an exclusive commercialization and licensing agreement for BAXDELA (delafloxacin), KIMYRSA (oritavancin), ORBACTIV (oritavancin) and VABOMERE (meropenem and vaborbactam), four novel anti-infective products.
Hence, the growing burden of several infectious diseases and product launches by the market players in the region is expected to boost the market growth over the forecast period.
