Tamiflu (oseltamivir phosphate) market is changing as healthcare organizations, particularly in the United States, are increasingly shifting to OTC distribution. As the United States is one of North America's fastest-growing economies, it is anticipated to have the second-highest revenue in the tamiflu (oseltamivir phosphate) market by 2027. As a result, corporations in the United States are cashing in on the OTC switch trend. According to prominent market players, even emerging market companies are striving for the OTC switch and strategic transactions to introduce tamiflu (oseltamivir phosphate) advancements.
Data Bridge Market Research analyses that the tamiflu (oseltamivir phosphate) drugs market was valued at USD 542.88 billion in 2021 and is expected to reach USD 862.85 billion by 2029, registering a CAGR of 5.40% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Analysis and Insights: Global Tamiflu (Oseltamivir Phosphate) Drugs Market:
Tamiflu is an antiviral medicine that can be used to treat influenza. Tamiflu is an antiviral drug that works by suppressing the neuraminidase enzyme in the body, which aids in viral reproduction. This medicine stops new viruses from infecting host cells and activates enzymes (neuraminidases) found inside live organisms' cell membranes responsible for releasing offspring viruses after an infection with any organism. Furthermore, regular tamiflu treatment minimizes the severity of flu-related complications such as nausea, vomiting, and diarrhoea, lowering the risk of hospitalization due to viral fever or other influenza-related symptoms.
The surging prevalence of influenza diseases is a major factor driving the tamiflu (oseltamivir phosphate) drugs market's growth rate during the forecast period of 2022-2029. According to the Centers for Disease Control and Prevention (CDC), the flu affects between 5% and 20% of the population in the United States each year. In addition, 200,000 individuals are hospitalized in the United States each year due to flu infection, with 36,000 of them dying from flu complications. Tamiflu is used to treat acute and uncomplicated influenza A and B in patients aged 2 weeks and older who have been symptomatic for less than 48 hours. It is also prescribed for the prevention of influenza A and B in patients aged one year and up.
Global Tamiflu (Oseltamivir Phosphate) Drugs Market Scope and Market Size
Another significant factor influencing the growth rate of tamiflu (oseltamivir phosphate) drugs market is the rising healthcare expenditure which helps in improving its infrastructure. Following COVID-19, people's attitudes around health have shifted significantly. People's attitudes are evolving from disease treatment to disease prevention, and their total awareness of such drugs is increasing day by day. Governments around the world are investing more funding to improve and develop new healthcare infrastructure. Healthcare spending in the United States is expected to surpass 20% of GDP by 2028. All of these factors are estimated to drive the tamiflu (oseltamivir phosphate) drugs market forward.
The rising research and development activities are estimated to create new opportunities for the tamiflu (oseltamivir phosphate) drugs market growth in coming years.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the tamiflu (oseltamivir phosphate) drugs market growth during the forecast period.
Table of Contents: Global Tamiflu (Oseltamivir Phosphate) Drugs Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Tamiflu (Oseltamivir Phosphate) Drugs in Healthcare Industry
7 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by Product Type
8 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by Modality
9 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by Type
10 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by Mode
11 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by End User
12 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, by Geography
13 Global Tamiflu (Oseltamivir Phosphate) Drugs Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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