Antiviral Drugs - Lithuania | Statista Market Forecast

The Antiviral Drugs market in Lithuania is expected to experience a significant increase in revenue, reaching US$14.99m by 2024.
This projection is based on the anticipated annual growth rate (CAGR 2024-2029) of 1.94%.
Consequently, the market volume is predicted to reach US$16.50m by 2029.
In comparison to other countries worldwide, United States is projected to generate the highest revenue in the Antiviral Drugs market, with a staggering US$30.64bn in 2024.
Lithuania has seen a surge in demand for antiviral drugs due to the country's proactive approach towards healthcare and public health.

Definition:
The Antiviral Drugs market includes treatments against viruses and virus-induced conditions, such as human immunodeficiency viruses (HIV), hepatitis B and C viruses (HBV and HCV), and Ebola. Therapies for the coronavirus disease 2019 (COVID-19), caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), are also included. HIV therapies also encompass highly active antiretroviral therapies (HAART) and post-exposure prophylaxis. In contrast to antibiotics, antivirals do not destroy the virus but rather inhibit its development.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Gilead Sciences, GlaxoSmithKline, Johnson & Johnson, AbbVie, Merck

HIV
Hepatitis B and hepatitis C
Ebola
COVID-19

Vaccines
Antibiotics
Immunosuppressants
In vitro diagnostics and rapid tests

Antiviral drugs are an essential component of modern medicine, and their demand has been increasing steadily over the years. Lithuania is not an exception to this trend, and the Antiviral Drugs market in the country has been developing at a remarkable pace.

Customer preferences: Lithuania has a well-established healthcare system, and the demand for Antiviral Drugs is high. The country has a high prevalence of infectious diseases, which has led to an increased demand for Antiviral Drugs. Additionally, the aging population in the country has also contributed to the growth of the market, as older people are more susceptible to viral infections.

Trends in the market: The Antiviral Drugs market in Lithuania has been growing steadily over the years, driven by the increasing demand for these drugs. The market is highly competitive, with many international players operating in the country. The trend towards generic drugs has also contributed to the growth of the market, as these drugs are more affordable and readily available.

Local special circumstances: The Lithuanian government has been taking steps to improve the healthcare system in the country, including increasing the availability of Antiviral Drugs. The government has also been investing in research and development to develop new and more effective Antiviral Drugs.

Underlying macroeconomic factors: The Lithuanian economy has been growing steadily over the years, driven by the country's strong export-oriented industries. The growth of the economy has led to an increase in disposable income, which has contributed to the growth of the Antiviral Drugs market. Additionally, the country's membership in the European Union has led to an increase in foreign investment, which has also contributed to the growth of the market.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.