Antiviral Drugs - Zimbabwe | Statista Market Forecast

The projected revenue for the Antiviral Drugs market in Zimbabwe is expected to reach US$2.17m in 2024.
This revenue is anticipated to show an annual growth rate (CAGR 2024-2029) of 0.02%, ultimately resulting in a market volume of US$2.17m by 2029.
In comparison to other countries worldwide, United States is projected to generate the highest revenue in the Antiviral Drugs market, with an estimated amount of US$30.64bn in 2024.
Zimbabwe's market for antiviral drugs is experiencing a surge in demand due to the country's high prevalence of HIV/AIDS.

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

The demand for antiviral drugs in Zimbabwe has been steadily increasing over the past few years.

Customer preferences: Zimbabweans are becoming more aware of the importance of antiviral drugs in treating viral infections. This has led to an increase in demand for antiviral drugs in the country. Additionally, the COVID-19 pandemic has further highlighted the importance of antiviral drugs and their role in treating viral infections.

Trends in the market: There has been an increase in the availability of antiviral drugs in Zimbabwe, due to the government's efforts to improve access to healthcare. This has led to an increase in competition among pharmaceutical companies, resulting in lower prices for consumers. Additionally, there has been a trend towards the development of new antiviral drugs, which has further increased the availability of antiviral drugs in the country.

Local special circumstances: Zimbabwe has a high prevalence of HIV/AIDS, which has led to an increased demand for antiviral drugs. Additionally, the country has experienced several outbreaks of viral diseases, such as cholera and typhoid, which has further increased the demand for antiviral drugs.

Underlying macroeconomic factors: Zimbabwe has a relatively small economy, with limited resources for healthcare. This has led to challenges in the availability and affordability of antiviral drugs. Additionally, the country has experienced political and economic instability, which has further impacted the healthcare system. Despite these challenges, the government has made efforts to improve access to healthcare, which has led to an increase in the availability of antiviral drugs in the country.

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.