Global Flu Treatment Market – Analysis and Forecast (2019-2025)

1. Global Flu Treatment Market

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3. Global Flu Treatment Market From USD 922.5 million in 2019, the global flu treatment market is predicted to grow to USD 1,325.0 million by 2025, registering a CAGR of 5.3% during the forecast period (2020–2025). The growth of this market is attributed towards due to rapid explosion of COVID-19 disease globally that is causing deaths massively across the globe, increasing technological upgradation and increasing research funding availed by government authorities towards treatment of such epidemic for flu is further bolstering the growth of global flu treatment market.

4. Global Flu Treatment Market Increasing demand for medical needs at the time of epidemic, excessive number of coronavirus cases globally and increasing funding and grants provided by government authorities towards research and innovation of COVID-19 vaccine are the key factors that are driving the growth of global flu treatment market. COVID-19 came into notice from Dec 2019 in China and after that the number of cases and count of COVID-19 patients are increasing massively globally. This virus infection has no treatment, no vaccine till date and the only way to come out of this epidemic is to prevent its occurrence. Geographically, Europe was the largest revenue contributor in the global flu treatment market in 2019, due to massive growth of COVID-19 in the region. According to a report published by European Union, approximately 1,563,857 cases of COVID-19 has been discovered in Europe till first week of April and total deaths registered in the region were 95,044. As a result to this the demand for developing vaccines is out most important in order to reduce the death counts and those affected by the virus.

5. Global Flu Treatment Market Key players in the global flu treatment market are rapidly accentuating efforts such as investment in research and development, new product development and strengthening company strategic decisions in order to make the world recover from epidemic as soon as possible. Some of the major players operating in the global flu treatment market are GlaxoSmithKline plc, AstraZeneca, Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Eli Lilly and Company, Novartis AG, NATCO Pharma Limited, Merck & Co., F. Hoffmann-La Roche Ltd, Inc., Bayer AG, Mylan N.V., Pfizer Inc., and Sanofi.

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