Global Coronavirus (COVID-19) Current Therapy Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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The coronavirus (COVID-19) current therapy market consists of sales of drugs currently used for the treatment of COVID-19 infection. The market report includes single-drug therapeutics and combination drug therapeutics used in treating COVID-19 patients. The market consists of revenue generated by the companies that manufacture coronavirus current therapeutics by the sales of these products.

Global Coronavirus (COVID-19) Current Therapy Market Size And Drivers:

The global coronavirus current therapy market is expected to grow from $14.63 billion in 2020 to $16.8 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The COVID-19 current therapy market is expected to reach $35.42 billion in 2025 at a CAGR of 20%. The outbreak of the pandemic COVID-19 contributed to the growth of COVID-19 current therapy market.

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Trends In The Global Coronavirus (COVID-19) Current Therapy Market

Convalescent plasma therapy is used as an experimental therapy to treat COVID-19 patients. The blood plasma of patients who have recovered from a disease is called convalescent plasma (CP). CP therapy is a type of passive antibody therapy in which blood plasma is isolated from patients who have recovered from the disease of interest and administered to the patient with severe disease to suppress the virulence and improve clinical symptoms. The blood plasma of recovered COVID-19 patients has antibodies to fight COVID-19 infection. According to guidance issued by the FDA, Convalescent Plasma Therapy is recommended as an investigational product during the public health emergency. By 30th April, 2020, around 2,004 participating sites adhering to a single expanded access protocol by the US FDA had been registered, around 7,774 patients have enrolled, and 3,809 of them have undergone convalescent plasma transfusion. The experimental convalescent plasma therapy is likely to gain attention if enough data is supporting the results.

Global Coronavirus (COVID-19) Current Therapy Market Segments:
The global coronavirus current therapy market is further segmented –
By Drug Type: Remdesivir, Hydroxychloroquine, Ritonavir, Lopinavir, Interferon Beta, Others
By End User: Hospitals, Clinics, Research Institutes, Others
By Geography: The global COVID-19 current therapy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Coronavirus (COVID-19) Current Therapy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides COVID-19 current therapy market overviews, analyzes and forecasts market size and growth for the global coronavirus (COVID-19) current therapy market, coronavirus current therapy market share, coronavirus (COVID-19) current therapy market players, coronavirus (COVID-19) current therapy market segments and geographies, COVID-19 current therapy market’s leading competitors’ revenues, profiles and market shares. The coronavirus current therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.