The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest remdesivir market share, and The Middle East was the fastest-growing region in 2022.

The global remedisiver market grew from $3.77 billion in 2022 to $4.95 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The remedesivir market is expected to grow from $12.55 billion in 2027 at a CAGR of 26.2%.

Major Driver In The Remdesivir Market ­– Increase In The Prevalence Of COVID-19 Disease Globally
According to the World Health Organization (WHO), there were 10,719,946 cases of COVID-19, including 5,17,337 deaths reported to the WHO on May 24, 2020, and this number is expected to grow shortly. American authorities have approved the immediate use of experimental redeliver, which seemed to help several patients with coronavirus recover more quickly, and this was the first drug that helped to overcome COVID-19, which killed more than 300,000 individuals around the globe. Gilead Sciences, which is working to develop the drug, has seen its share of New York trading increase by more than 5.5% in the first quarter of 2020. The United States and Asia have increased expectations that an experimental drug will further support the control of COVID-19 symptoms. Therefore, the increasing prevalence of COVID-19 disease across different parts of the globe is expected to drive the growth of the remdesivir market.

View More On The Remdesivir Market Report 2023 – https://www.thebusinessresearchcompany.com/report/remdesivir-global-market-report

Key Remdesivir Market Segments
1) By Route Of Administration: Oral, Intravenous
2) By Dosage Form: Tablets, Frozen Solution, Lypholized Solution
3) By Distribution Channel: Hospitals, Clinics, Drug Stores/Pharmacies, Online, Other Distribution Channels

Recent Remdesivir Market Trend – Strategic Partnerships And Collaborations
The companies in the market are focusing on strategic partnerships and collaborations to help boost production. Major players are entering into partnership to expand their market and leverage each other’s resources.

Remdesivir Market Prominent Players
Major players in the remdesivir market are Gilead Sciences Inc., Bright Gene, Hainan Haiyao, Kelun Pharma, Hunan Warrant Pharmaceutical, Cipla, Pfizer, Merck, Cayman Chemical, and Dr. Reddy’s Laboratories.

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The Remdesivir Global Market Report 2023  provides a comprehensive overview on the remdesivir market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the remdesivir market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Remdesivir refers to a class of drugs called antivirals that are used to treat hospitalised adults and children 28 days of age and older who weigh at least 6.6 pounds for coronavirus disease 2019 (COVID-19 infection) caused by the SARS-CoV-2 virus (3 kg).

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