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The remdesivir market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 31%, as per The Business Research Company’s market report!

Read More On The Remdesivir Market Report 2022 – https://www.thebusinessresearchcompany.com/report/remdesivir-global-market-report

The Remdesivir Market Size In 2022 And Forecast

The global remdesivir market is expected to grow from $2.87 billion in 2021 to $3.77 billion in 2022 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, affecting many markets across the globe. The remdesivir market is expected to reach $11.17 billion in 2026 at a CAGR of 31.2%.

The remdesivir market consists of sales of remdesivir drugs currently found effective in treating the COVID-19 disease.

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Increase In The Prevalence Of COVID-19 Disease Globally Is Driving The Growth Of The Remdesivir Market

According to the World Health Organization (WHO), there were 10,719,946 cases of COVID-19 including 5,17,337 deaths reported to WHO as on 24th May 2020, and this number is expected to grow in the near future. American authorities have approved the immediate use of experimental remdesivir, 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 shares have increased expectation that an experimental drug will further support in 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.

Competitive Landscape And The Regional Analysis Of The Remdesivir Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the remdesivir market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Remdesivir Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the remdesivir market.

Remdesivir Market Segmentation By The Business Research Company

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, Others

Here Are Some Reports Related To The Remdesivir Market –

Coronavirus (COVID-19) Current Therapy Global Market Report 2022

COVID-19 Drug Associated APIs Global Market Report 2022

COVID-19 Detection Test Kits And Consumables Global Market Report 2022

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