Global Remdesivir Medicine Market Overview:
Remdesivir medicine is an anti-viral medication being studied as a possible post-infection treatment for COVID-19 illness. This medicine is a nucleotide analog, specifically an adenosine analog, which inserts into viral RNA chains causing their premature termination. It was developed by Gilead Sciences as a treatment for Ebola virus disease and Marburg virus infections. It is an investigational antiviral compound undergoing clinical trials in China, the United States and the United Kingdom as a potential treatment for COVID-19. It is not yet licensed or approved anywhere globally and has not been demonstrated to be safe or effective for any use.
- Increased Prevalence of COVID-19 Illness
- Highly Effective Anti-viral Medicine
- High Demand for Coronavirus Disease Treatment
- Lack of Clinical Evidence for COVID-19 Treatment
- Increasing Number of Patients affecting COVID-19
- Growth in the Healthcare Industry
- Stringent Government Rules and Regulations
Some of the key players profiled in the report are Gilead Sciences, Inc. (United States), Hainan Haiyao Co., Ltd. (China), Sanofi S.A. (France), GlaxoSmithKline plc (United Kingdom) and Cipla (India). Analyst at AdvanceMarketAnalytics see Global Players to retain maximum share of Global Remdesivir Medicine market by 2025. Considering Market by Administration, the sub-segment i.e. Oral will boost the Remdesivir Medicine market. Considering Market by End-users, the sub-segment i.e. Hospitals will boost the Remdesivir Medicine market. Considering Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Remdesivir Medicine market.
On 3 April, the European Medicines Agency (EMA) backed remdesivir for compassionate use for Covid-19 patients. One day later, Gilead noted it had reduced remdesivir’s manufacturing timeline from one year to around six months. Remdisivir was also cleared by the FDA for emergency use on 20 March, but new applications were suspended as of 23 March after a flood of requests.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Remdesivir Medicine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Remdesivir Medicine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Remdesivir Medicine Manufacturers, Raw Material Suppliers, Distributors, Government Bodies and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.