Asia Pacific Favipiravir Market Size, Share, Growth, Trend & Forecast 2026| TechSci Research

Summary

Report Description

Favipiravir is an anti-viral medication, which is a pyrazine carboxamide derivative. Chemically, 6-fluoro-3hydroxy-2-pyrazine carboxamide is an anti-viral agent, which selectively and potentially inhibits the activity of RNA dependent RNA polymerase enzyme in the virus. This prevents the viral replication process and hence, the virus is unable to replicate inside the host. The drug is sold under the trade name of Avigan and was originally developed by the Japanese company Fujifilm Toyoma Chemicals Co. Ltd., for the treatment of influenza.

Asia Pacific favipiravir market is expected to grow at an impressive rate during the forecast period. The Asia Pacific favipiravir market is driven by the extensive use of this drug in the treatment of COVID-19 disease as it has similar mechanism of action against the COVID-19 virus it has against the influenza virus. The drug inhibits the activity of RNA polymerase and COVID-19 is unable to replicate. At present, there is no drug available for the treatment of novel coronavirus and it has been identified that favipiravir is helpful in its treatment. The drug is being extensively used in China and Japan in the Asia Pacific region for treatment of COVID-19. A study was conducted in China on 80 people to study the effect of the drug. There was also a control group which was administered lopinavir/ritonavir, the HIV inhibiting drugs which are also being recognized as a potential treatment for novel coronavirus disease. It was observed that viral clearance time was reduced in people who were given Favipiravir and 91% of them had witnessed improved CT scans. Another study conducted in Wuhan illustrated that the drug is effective in shortening the fever duration from an average of 4.2 days to 2.5 days. One more such study was conducted in China wherein 340 COVID-19 infected patients were administered with favipiravir, where they recovered quickly and showed greater lung improvement with no obvious side effects. After such evidence from various studies, China approved the use of favipiravir for the treatment of COVID-19 disease. After this, in March 2021, Italy also started the use of this drug for treating novel coronavirus disease and has started clinical trials also. Additionally, the clinical trials are going on in the U.S., Italy and Japan and as of now it is believed that the drug could come out as a potential treatment for COVID-19. This is expected to positively influence the market growth during forecast period.

Major players operating in the Asia Pacific favipiravir market include Fujifilm Toyoma Chemicals Co. Ltd., Zhejiang Hisun Pharmaceuticals, Cipla Limited, Sun Pharmaceutical Industries Limited, Glenmark Pharmaceuticals Limited, Dr. Reddy's Laboratories Limited, Lupin Limited, Beacon Pharmaceuticals Limited and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyze and estimate the market size of Asia Pacific favipiravir market from 2016 to 2019.
To estimate and forecast the market size of Asia Pacific favipiravir market from 2020 to 2026 and growth rate until 2026.
To classify and forecast Asia Pacific favipiravir market based on type, distribution channel, application, company and regional distribution.
To identify dominant region or segment in the Asia Pacific favipiravir market.
To identify drivers and challenges for Asia Pacific favipiravir market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia Pacific favipiravir market.
To identify and analyze the profile of leading players operating in Asia Pacific favipiravir market.
To identify key sustainable strategies adopted by market players in Asia Pacific favipiravir market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of Asia Pacific favipiravir market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Favipiravir manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to favipiravir
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Asia Pacific favipiravir market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Asia Pacific Favipiravir Market, By Type:

Original Drug
Generic Drug

Asia Pacific Favipiravir Market, By Distribution Channel:

Hospitals & Clinics
Drug Stores/Pharmacies
Online

Asia Pacific Favipiravir Market, By Application:

Influenza A&B
Ebola
COVID-19
Others

Asia Pacific Favipiravir Market, By Country:

China
India
Japan
South Korea
Australia
Singapore
Thailand
Vietnam
Malaysia
Bangladesh
Pakistan

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia Pacific favipiravir market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Asia Pacific favipiravir market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Asia Pacific Favipiravir Market

4. Executive Summary

5. Voice of Customer

5.1. Brand Awareness

5.2. Product Awareness

5.3. Customer Satisfaction Analysis

5.4. Unmet Needs/Challenges

6. Asia Pacific Favipiravir Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Original Drug v/s Generic Drug)

6.2.2. By Distribution Channel (Hospitals & Clinics, Drug Stores/Pharmacies, Online)

6.2.3. By Application (Influenza A&B, Ebola, COVID-19, Others)

6.2.4. By Company (2020)

6.2.5. By Country

6.3. Product Market Map

6.4. Asia Pacific: Country Analysis

6.4.1. China Favipiravir Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Type

6.4.1.2.2. By Distribution Channel

6.4.1.2.3. By Application

6.4.2. India Favipiravir Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Type

6.4.2.2.2. By Distribution Channel

6.4.2.2.3. By Application

6.4.3. Australia Favipiravir Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Type

6.4.3.2.2. By Distribution Channel

6.4.3.2.3. By Application

6.4.4. Japan Favipiravir Market Outlook

6.4.4.1. Market Size & Forecast

6.4.4.1.1. By Value

6.4.4.2. Market Share & Forecast

6.4.4.2.1. By Type

6.4.4.2.2. By Distribution Channel

6.4.4.2.3. By Application

6.4.5. South Korea Favipiravir Market Outlook

6.4.5.1. Market Size & Forecast

6.4.5.1.1. By Value

6.4.5.2. Market Share & Forecast

6.4.5.2.1. By Type

6.4.5.2.2. By Distribution Channel

6.4.5.2.3. By Application

6.4.6. Pakistan Favipiravir Market Outlook

6.4.6.1. Market Size & Forecast

6.4.6.1.1. By Value

6.4.6.2. Market Share & Forecast

6.4.6.2.1. By Type

6.4.6.2.2. By Distribution Channel

6.4.6.2.3. By Application

6.4.7. Thailand Favipiravir Market Outlook

6.4.7.1. Market Size & Forecast

6.4.7.1.1. By Value

6.4.7.2. Market Share & Forecast

6.4.7.2.1. By Type

6.4.7.2.2. By Distribution Channel

6.4.7.2.3. By Application

6.4.8. Singapore Favipiravir Market Outlook

6.4.8.1. Market Size & Forecast

6.4.8.1.1. By Value

6.4.8.2. Market Share & Forecast

6.4.8.2.1. By Type

6.4.8.2.2. By Distribution Channel

6.4.8.2.3. By Application

6.4.9. Vietnam Favipiravir Market Outlook

6.4.9.1. Market Size & Forecast

6.4.9.1.1. By Value

6.4.9.2. Market Share & Forecast

6.4.9.2.1. By Type

6.4.9.2.2. By Distribution Channel

6.4.9.2.3. By Application

6.4.10. Malaysia Favipiravir Market Outlook

6.4.10.1. Market Size & Forecast

6.4.10.1.1. By Value

6.4.10.2. Market Share & Forecast

6.4.10.2.1. By Type

6.4.10.2.2. By Distribution Channel

6.4.10.2.3. By Application

6.4.11. Bangladesh Favipiravir Market Outlook

6.4.11.1. Market Size & Forecast

6.4.11.1.1. By Value

6.4.11.2. Market Share & Forecast

6.4.11.2.1. By Type

6.4.11.2.2. By Distribution Channel

6.4.11.2.3. By Application

7. Market Dynamics

7.1. Drivers

7.2. Challenges

8. Market Trends & Developments

9. Competitive Landscape

9.1. Fujifilm Toyoma Chemicals Co. Ltd.

9.2. Zhejiang Hisun Pharmaceuticals

9.3. Cipla Limited

9.4. Sun Pharmaceutical Industries Limited

9.5. Glenmark Pharmaceuticals Limited

9.6. Dr. Reddy's Laboratories Limited

9.7. Lupin Limited

9.8. Beacon Pharmaceuticals Limited

10. Strategic Recommendations

11. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Sakshi Bajaal

Business Consultant

Talk To Analyst

Press Release

APAC Favipiravir Market to Grow at an Impressive Rate until 2025

Apr, 2020

Increasing number of COVID-19 cases in the region to drive the growth of Asia Pacific favipiravir market

Asia Pacific Favipiravir Market By Type (Original Drug v/s Generic Drugs), By Distribution Channel (Hospitals & Clinics, Drug Stores/Pharmacies, Online), By Application (Influenza A&B, Ebola, COVID-19, Others), By Country, Forecast & Opportunities, 2026

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