Market Trends of Oseltamivir Industry
This section covers the major market trends shaping the Oseltamivir Market according to our research experts:
Influenza A Segment Expects to Register a High CAGR Over the Forecast Period
Oseltamivir is used to treat infections brought on by the influenza A virus. Oseltamivir can be used to treat and prevent influenza, as well as to reduce its symptoms. The influenza A segment is expected to witness significant growth in the oseltamivir market over the forecast period due to the factors such as the rising prevalence of influenza A virus infection and the growing company activities in developing medications.
Additionally, from an article published in the Vaccines Journal in May 2022, it has been observed that an estimated 68,077 cases caused by the H3N2 Darwin type A influenza strain were reported in Brazil (between November and December 2021). Furthermore, an article published in ISIRV in September 2021 stated that the infants with influenza treated with oseltamivir were found to have the less viral load in nasopharyngeal secretions and shortened duration and severity of symptoms. Thus, oseltamivir is a well-tolerated drug that reduces the duration of symptomatic illness in patients with naturally acquired influenza, which is anticipated to increase segment growth over the forecast period.
Thus, owing to the factors mentioned above, the segment is expected to grow significantly during the forecast period.
North America is Expected to Hold a Significant Share in the Market during the Forecast Period
North America is expected to hold a major share of the oseltamivir market due to the increasing prevalence of influenza infections, high adoption rates of treatment, presence of established key players, and rising company focus on developing effective drugs for treating influenza infections,
In addition, the high healthcare expenditures in the region are creating opportunities that are expected to support market growth. For instance, according to the OECD data published in June 2022, United States healthcare spending in 2021 was 17.8% of the country's total GDP.
Besides, the rising burden of influenza infections is the key factor driving the market growth. For instance, as per the data published by CDC in February 2023, there were 18,000 flu-related fatalities, 25 million illnesses, and 280,000 hospitalizations occurred in 2022. 54.2% of the influenza cases were influenza A(H3N2), and 45.8% were influenza A cases. (H1N1). Thus, the huge burden of influenza in the country is expected to propel the growth of the market over the forecast period.
Additionally, government initiatives to increase access to oseltamivir are expected to boost market growth. For instance, in December 2022, the U.S. Department of Health and Human Services (HHS), through the Administration for Strategic Preparedness and Response (ASPR), announced that they are making the additional supply of Tamiflu available to jurisdictions to respond to an increased demand for the antiviral during this flu season, including through the Strategic National Stockpile (SNS).
Thus, the market studied is expected to grow significantly during the forecast period due to the aforementioned factors.
