Remdesivir is basically an antiviral medication that was developed by the biopharmaceutical company Gilead Sciences. This medication is injected into the veins via injection. In late October, this antiviral medication was approved by the U.S. Food and Drug Administration in order to treat the patients having the coronavirus (COVID-19), which made it the first drug to get approval from the FDA for the treatment of COVID-19. FDA basically issued an emergency use authorization for remdesivir.
The occurrence of various pandemics such as Ebola, COVID-19, and the increasing prevalence of viral diseases will act as one of the primary factors that will drive the remdesivir market. The increase in investment in the research and development sector for investigating the uses of remdesivir will drive the growth of the market. The increase in the geriatric population will also increase the demand for remdesivir in the current pandemic.
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- Jubilant Life Sciences Limited
- Hetero Labs Limited
- Cipla Inc.
- Viatris Inc.
- Gilead Sciences, Inc.
- Pfizer Inc.
- Dr. Reddy’s Laboratories
- BrightGene Bio-Medical Technology Co
- Hainan Haiyao
- Kelun Pharma
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Remdesivir Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
The Global Remdesivir Market is segmented on the basis of dosage, patient, application and end user. On the basis of dosage, the market is segmented into 2.5mg, 5mg, 100mg and 200mg. On the basis of patient, the market is segmented into adult, pediatric, and geriatric. On the basis of application, the market is segmented into Ebola, SARS-COV, MERS-COV, COVID-19. On the basis of end user, the market is segmented into hospitals, clinics, pharmacy and drug stores, and online pharmaceuticals.
The objective of the researchers is to find out the sales, value, and status of the In Remdesivir industry at the international levels. While the status covers the years of 2020 – 2027, the forecast is for the period 2020 – 2027 that will enable market players to not only plan but also execute strategies based on the market needs.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Remdesivir market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Remdesivir market?
- What are the prominent market trends influencing the development of the Remdesivir market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Remdesivir market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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