Molnupiravir Market Flourishes With Advancing Pharmaceutical Industry
Rising investment in the
innovative drug development drives the growth of the Global Molnupiravir Market,
2027F.
According to TechSci Research
report, “Molnupiravir Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” Global Molnupiravir market is bound to
expand in the forecast years with impressive CAGR due to rising instances of
COVID-19 and increasing threat to the lives of the patient. Growing demand for
the effective and efficient treatment drugs for the coronavirus and severity of
the pandemic further drive the growth of the global molnupiravir market in the
upcoming five years. Although through worldwide vaccination and strict
regulations and restrictions during the pandemic times might have tried to
control the infection spread, rapidly evolving variants of the virus pose as
potential threat for another pandemic in the future years. Thus, as concern
toward future pandemic, the authorities are continuously involved in the
research and development of the innovative drugs that can help in controlling
the side-effects of the COVID-19 thereby supporting the growth of the global
Molnupiravir market in the next five years. High potency of the Molnupiravir
drug over treating novel coronavirus disease patients across different parts of
the globe, also aids the growth of the global molnupiravir market in the future
five years.
Through the clinical trials,
it was determined that the drug is highly efficient in controlling the current
variants of the virus like alpha, beta and delta variant of the coronavirus,
thus making it comparatively better than other pharmaceutical against the viral
infection. Consistent investment from the government in the form of adaption to
the clinical trials and FDA approvals in multiple country would further facilitate
the growth of the global Molnupiravir market in the forecast years through
2027F. Based on their geographical impacts, multiple pharmaceutical companies
are also focusing on development of the same salt drug that may establish their
brands in the market but would affect the growth of the global Molnupiravir
market.
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The global Molnupiravir
market segmentation is based on application, distribution channel, regional
distribution, and competitive landscape. Based on application, the market is
fragmented into influenza, Ebola, COVID-19, and others. Influenza is a
contagious respiratory disease that is caused by the influenza virus that has
close resemblance to the functions of the coronavirus. The disease affects the
nose, throat majorly and in certain conditions might attack the lungs too. Orthomyxoviridae
is the influenza causing virus. Although specific vaccinations and antiviral drugs are available for the
treatment of the infection. The disease includes symptoms like fever, chills,
muscle aches, cough and congestions, etc. Ebola or Ebola Virus Disease (EVD) is
a rare but deadly disease affecting specific people and non-human primates. The
disease has higher impact in the Saharan Africa region. The infection spreads
through direct contact with an infected animal (bat or non-human primates) or
through sick of dead person infected with Ebola infection. Although in the
recent years has not seen any increase in the Ebola cases, but threat of spread
through sporadic cases still lingers. With advanced testing kits, the authorities identify
the potential threats and act to control the virus spread. COVID-19 virus is
the cause of recent pandemic situation, affecting millions of people and
thousands of deaths all around the world.
By distribution channel, the
market is bifurcated into hospital pharmacies, retail pharmacies, and online
pharmacies. Hospital pharmacies are anticipated to hold the largest revenue
shares of the market and dominate the market segment in the upcoming five years
on the ground of easier availability of the drugs for the consumers. Surging
instances of the COVID-19 and flooding hospitals with the patient count is
highly responsible for the growth of the segment along with the growth of the
global Molnupiravir market in the next five years. Retail pharmacies may also
register significant growth in the future five years owing to the rising FDA
approvals to the drug and its growing monetization. Higher patient burden over
the hospitals is driving the consumer to make their purchases from the retail
pharmacies and thus aids the growth of the global Molnupiravir market in the
forecast years. The market analysis also studies the regional segmentation,
divided among Asia-Pacific region, North American region, European region,
South American region, and Middle East & African region.
Some of the market players,
dominating the global Molnupiravir market are
·
Merck
Sharp & Dohme Corp.
·
Everest
Organics Limited
·
Optimus
Drugs Pvt Ltd.
·
Dr.
Reddy’s Laboratories Ltd
·
Cipla
Limited
·
Mylan
N.V.
·
Emcure
Pharmaceuticals Ltd.
·
Sun
Pharmaceutical Industries Limited
·
Hetero
Drugs Ltd.
·
Torrent
Pharmaceuticals Ltd.
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“North America region is
anticipated to hold the largest revenue shares of the market and dominate the
regional analysis of the market. The growth of the region can be attributed to
the growing instances of COVID in the large economies like the United States.
Surge in the cases have further intrigued the government to focus actively on
efficient drugs and treatment protocols to control the spread. Although through
restrictions and strict COVID regulations, the rapid pandemic threat was
controlled, but evolving variants of the virus may lead to another outbreak and
the government needs to contain the spread. The pandemic had affected the
population as well as the economies of the countries all around the world.
Consistent research and innovative product development to counter the effect of
viral infection would also support the market growth,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Molnupiravir Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Application
(Influenza, Ebola, COVID-19, Others), By Distribution Channel (Hospital
Pharmacies, Retail Pharmacies, Online Pharmacies), By Region”, has evaluated the future
growth potential of global Molnupiravir and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global Molnupiravir market.
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