The Arbidol Hydrochloride is a Russia-made authoritative broad-spectrum antiviral which is utilized for the treatment of number of encircled and non-enveloped viruses. The drug is majorly utilized in Russia and China and is operative in treating influenza A & B viruses and hepatitis C virus. Hence the increasing number of diseases owing to the spread of fresh type of viruses propels the market for Arbidol.
According to the report analysis, ‘Global Arbidol Hydrochloride Market to reach USD XXX billion by 2026’ states that as the virus spreads, the syndromes turn into an epidemic and hence the requirement for the Arbidol Hydrochloride surges. For Instance: during 2020 the spread of the COVID-19 turned into a Pandemic which has generated a huge requirement for Arbidol for treatment of the syndrome. As per World of meters, as of 2nd May 2020 the amount of Corona virus Cases have augmented to 3.4 million while the death toll from this virus has reached to 239 thousand.
The spread of the virus has originated large amount of clinical trials trying to generate an operative treatment and vaccine for the syndrome. Such clinical trials include utilization of Arbidol Hydrochloride for treatment. As the national Health Commission of China, during February 2020 issued a supervision selecting Lopinavir-ritonavir and Arbidol for curing COVID-19. The decision for the collection was based on in-vitro cell tests and earlier clinical data from SARS and MERS. This further led to an augment in the production of Arbidol Hydrochloride across China.
As Shijiazhuang Pharmaceutical Group since Mid-January has contributed 50,000 boxes of arbidol tablets to the medical staff across Wuhan and since then more commands for the medicine have come in from the clinical medical institutions. The corporate can introduce 900 thousand of Arbidol Hydrochloride capsules per day which is about twice the standard daily capacity of production. Also, the Hyderabad-based Indian Institute of Chemical Technology (IICT) has established a convenient and cost-effective synthetic procedure for introducing antiviral drug Favipiravir. Along with the drug, the institute is functioning on the production of other drugs namely, Arbidol and Triazavarin for the attacking the pandemic. Hence the outpouring in demand due to the growing clinical trials has led to the augment in production of arbidol tablets and capsules propelling the market towards growth. However, ineffective trials impede the growth of the market over the prediction period of 2020-2026.
Although, the regional analysis of international Arbidol Hydrochloride market is considered for the effective regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/noteworthy region across the world in terms of market share due to the increasing geriatric population and promptness & affordability of serious care services attached with the well-established healthcare infrastructure. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the forecast duration of 2020-2026. Aspects such as increasing disposable income, growing incidences of injuries and developing the healthcare infrastructure would generate the lucrative growth prospects for the Arbidol Hydrochloride market around Asia-Pacific region. Therefore, in the near years, it is predicted that the market of arbidol hydrochloride will increase around the globe more effectively over the upcoming years.
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Ankur Gupta, Head Marketing & Communications