Global Remdesivir Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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The remdesivir market consists of sales of remdesivir drugs currently found effective in treating the COVID-19 disease. Remdesivir (RDV) is one of the promising drugs used currently for the treatment of the COVID-19 disease. Gilead, the US drug manufacturer is expanding its Remdesivir production due to the high demand for this drug. RDV is a synthetic compound throughout the class of antiviral drugs that target RNA synthesis.

Global Remdesivir Market Size And Drivers:

The global remdesivir market is expected to grow from $1.98 billion in 2020 to $2.55 billion in 2021 at a compound annual growth rate (CAGR) of 28.8%. 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 market is expected to reach $6.89 billion in 2025 at a CAGR of 28%. Increasing prevalence of COVID-19 disease globally is a key factor driving the growth of the remdesivir market.

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Trends In The Global Remdesivir Market

In March 2020, Gilead Sciences, Inc., an America-based biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines, acquired Forty Seven Inc. for $4.9 billion. This acquisition will strengthen Gilead’s immuno-oncology research and development portfolio. Forty Seven Inc., an America-based clinical-stage immuno-oncology company focused on developing novel checkpoint therapies.

Global Remdesivir Market Segments:
The global remdesivir market is further segmented –
By Route Of Administration: Oral, Intravenous
By Dosage Form: Tablets, Frozen Solution, Lyophilized Solution
By Distribution Channel: Hospitals, Clinics, Drug Stores/Pharmacies, Online, Others
By Geography: The global remdesivir market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Remdesivir Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides remdesivir market overviews, analyzes and forecasts market size and growth for the global remdesivir market, remdesivir market share, remdesivir market players, remdesivir market segments and geographies, remdesivir market’s leading competitors’ revenues, profiles and market shares. The remdesivir market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.