Anti-Infective Drugs Market Research Report 2020 Growth, Recent Trends and Forecast to 2030; Gilead Sciences, Inc. (NASDAQ:GILD); Merck & Co. Inc.(NYSE:MRK)
By: X herald
October 21, 2020 at 03:46 AM EDT
MarketInsightsReport has published a report titled Global Anti-Infective Drugs Market research report 2020 that is a detailed observation of several aspects, including the rate of growth, technological advances, and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The global anti-infective drugs market is expected to grow from $106.5 billion in 2019 to $139.3 billion in 2020 at a compound annual growth rate (CAGR) of 30.8%. The significant growth is mainly due to the COVID-19 outbreak and the huge demand for anti-viral and antibiotic drugs. Although other anti-infective drugs like antifungals have seen a dip in sales, the enormous demand for antiviral drugs and antibiotic drugs such as Azithromycin, Chloroquine, Acyclovir, and Ribavirin among others have contributed to the overall market growth of anti-infective drugs. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $159.6 billion in 2023.
Top Companies in the global Anti-Infective Drugs Market are
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North America was the largest region in the global anti-infective drugs market, accounting for 50% of the market in 2019. Asia Pacific was the second largest region accounting for 20% of the global anti-infective drugs market. Africa was the smallest region in the global anti-infective drugs market.
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Regions covered By Anti-Infective Drugs Market Report 2020 To 2030 are
Effect of the Anti-Infective Drugs market report is