The Global demand for Covid-19 Medicine market in terms of revenue was worth of USD 1,790.2 Million in 2020 and is expected to reach USD 28.0 Million in 2027, growing at a CAGR of -51.4% from 2021 to 2027. From 2020 to 2021, the market is growing with 19.10% AGR
Scope of covid-19 medicine market:
Coronaviruses cause respiratory tract infections in humans that can only cause common cold and others that cause severe respiratory problem and ultimately death. As Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus i.e. SARS-CoV-2, which has spread rapidly throughout the world and in March 2020, the World Health Organization (WHO) declared the COVID-19 outbreak a pandemic. This pandemic has severely weakened health systems & economic and social progress globally. While countries, have taken strong measures to cover the spread of COVID-19 through better diagnostics and treatment, the coronavirus medicine may provide an effective solution by enhancing immunity and controlling the disease spread.
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The global COVID-19 Medicine market research reports segments as follows:
The study provides a crucial view of global covid-19 medicine market by segmenting the market based on drug type, distribution channel and region & country level. Based upon drug type, the market is segmented into chloroquine, hydroxychloroquine/Plaquenil and others. Based upon distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies and others.
Global COVID-19 Medicine Market: By Drug Type
Remdesivir
Hydroxychloroquine, Chloroquine
Others (Other Anti Viral, Multivitamins, Corticosteroids and Others)
Global COVID-19 Medicine Market: By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others (ACC)
Some major key players for COVID-19 Medicine market are,
Currently, many companies are heavily investing on produce highly effective drugs and gain approvals for the drugs from government organization.
Gilead Sciences, Inc.
IPCA
Zydus Cadila
I-Mab Biopharma
Airway Therapeutics
Tiziana Life Sciences
OyaGen
BeyondSpring
Algernon Pharmaceuticals
Others
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