Increasing Use of Combination Therapy in the $38.1 Billion Antivirals Market - The Business Research Company

LONDON, Nov. 15, 2019 /PRNewswire/ -- Pharmaceutical companies are increasingly using combination therapy to develop antiviral drugs to boost their effectiveness against viral infections. Combination therapy combines more than one medication for the treatment of the same condition. Combination therapy is beneficial in case if viral organisms like the influenza virus, develop resistance to a particular antiviral drug. However, it takes longer for the virus to develop resistance to a combination of drugs which are used together. In combination therapy, it is ensured that the viral infections are receptive to at least one of the drugs, which terminates replication and suppresses the infection. Combination therapy is especially helpful in the treatment of HIV as they help to combat the other infections which arise out of HIV. In 2018, Cocrystal Pharma, Inc., a biotechnology company which discovers and develops novel antiviral therapeutics, announced a Clinical Trial Agreement for investigator-initiated Phase 2a study of their new drug, CC-31244. This drug in combination with Sofosbuvir (direct acting antiviral medication used as a part of combination therapy to treat chronic Hepatitis C) and Daclatasvir (medication used in synthesis with other medications to treat hepatitis C) will be used in the treatment of hepatitis C.

Read More On The Business Research Company's Antivirals Market Report:

https://www.thebusinessresearchcompany.com/report/antivirals-global-market-report

Antiviral Resistance Hinders The Global Antivirals Market Growth

The increasing incidents of antiviral resistance is a major restraint on the antiviral drugs market. Antiviral resistance occurs when viruses mutate and adapt to antiviral drugs due to prolonged usage of these drugs. The mutation changes that part of the virus-cell that are affected by drugs, thus causing the antiviral drug to become ineffective against the virus. For example, in June 2017, the WHO (World Health Organization) removed Oseltamivir antiviral drug from the list of its essential medicines due to the drug's low effectiveness. Oseltamivir was used to cure flu virus (Influenza). Similarly, another class of drug, Adamantanes, which includes Amantadine (Symadine) and Rimantadine (Flumadine) were reported by CDC (Centers for Disease Control and Prevention) in the year 2017-18 as an ineffective medication, due to increase in resistance by Influenza A strains like H1N1 and H3N2 Viruses.

Antiviral Drugs Market Growth And Market Driver

The global antivirals market was valued at about $38.1 billion in 2018 and is expected to grow to $52.22 billion at an annual growth rate of more than 8% through 2022. The increasing incidents of viral infections across the world is a significant driver for the antiviral drugs market. A virus is a small infectious agent which has the ability to invade a host cell and then grow in multiple numbers. Viruses can originate through various sources such as unhygienic living conditions, change in weather, or direct physical contact (body fluids and touch) with any host that is already infected with a virus. According to UNAIDS, as of 2017, 36.9 million people were affected by HIV globally, and out of those around 1.8 million people were affected by HIV in 2017.

Request A Free Sample Of The Antivirals Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2437&type=smp

Regulatory Guidelines For The Manufacture Of Antiviral Drugs

The Center for Drug Evaluation and Research, under the Food and Drug Administration (FDA), provides guidance and recommendations for companies which manufacture antivirals drugs. For instance, under FDA guidance, the drugs for RHL (cold sores) undergo phase I safety studies, after which the proof-of-concept and dose-ranging are carried out in phase II studies. Finally, the drug has to undergo phase III superiority trials, which shows that one treatment is superior to another after which the approval is given.

Companies In The Antiviral Drugs Market Are Investing In M&A

Major players in the global antivirals market are Merck & Co. Inc., Johnson & Johnson, GlaxoSmithKline Plc, Roche Holding AG, and Gilead Sciences. Companies have been investing in merger and acquisition activity to strengthen and expand their businesses. Roche, a Swiss based pharmaceutical company, is set to acquire the US based Spark Therapeutics, for USD 4.3 Billion. The deal was expected to be completed in June 2019. Roche, through this acquisition, will try to use gene therapy to develop new antivirals with high effectiveness. Spark, a US based biotechnology company, was founded in 2013 and is widely popular due to its advances in gene therapy drugs.

Order a copy of Complete Report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2437

Here Is A List Of Similar Reports By The Business Research Company:

Pharmaceutical Drugs Market By Segments (Musculoskeletal Disorders Drugs, Cardiovascular Drugs, Oncology Drugs, Anti-Infective Drugs, Metabolic Disorder Drugs, Central Nervous System Drugs, Genito-Urinary Drugs, Respiratory Diseases Drugs, Gastrointestinal Drugs, Hematology Drugs, Dermatology Drugs, Ophthalmology Drugs) - Global Forecast To 2022 - https://www.thebusinessresearchcompany.com/report/pharmaceutical-drugs-market

Biologics Market By Types (Monoclonal Antibodies, Therapeutic Proteins And Vaccines), By Trends, By Regions And By Key Players - Global Forecast To 2021 - https://www.thebusinessresearchcompany.com/report/biologics-market

Vaccines Global Market Report 2019 - https://www.thebusinessresearchcompany.com/report/vaccines-global-market-report

The World's Most Comprehensive Database

The Business Research Company's Global Market Model analyzes all the above data and more. It is the world's most comprehensive database of integrated market information. The portal puts the understanding of global markets such as healthcare, manufacturing and technology in your hands, allowing you to compare and evaluate hundreds of different market opportunities across the globe at the touch of a button. Available through an online portal with a simple login, the portal tracks the size and growth of 2400+ global markets and 60 geographies including historic and forecast market values and competitor shares.

Interested to know more about The Business Research Company?

The Business Research Company has published over 300 industry reports, covering over 2400 market segments and 56 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Information:

The Business Research Company
Nitin
Email: [email protected]
Europe: +44-207-1930-708
Asia: +91-8897263534
Americas: +1-315-623-0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company 
Follow us on Twitter: https://twitter.com/tbrc_Info
Blog: https://www.thebusinessresearchcompany.com/blogs.aspx

Press Release: https://www.thebusinessresearchcompany.com/press-release.aspx

SOURCE The Business Research Company