The Antiviral Microbial Drugs Market refers to the market for medications that fight viral infections. This includes a variety of drug classes such as nucleoside analogues, neuraminidase inhibitors, protease inhibitors, integrase strand transfer inhibitors, and others. Some common antiviral drugs include Tamiflu (oseltamivir), Relenza (zanamivir), amantadine, rimantadine, acyclovir, and more recently remdesivir.

The global antiviral microbial drugs market was valued at USD 38.8 billion in 2021 and is expected to reach USD 67.5 billion by 2028, growing at a CAGR of 8.1% from 2022 to 2028. Growth drivers of this market include the rising prevalence of viral infections such as influenza, HIV, hepatitis, herpes, and most recently COVID-19. Other factors spurring growth include investments in R&D for novel antiviral drug development, an aging population more susceptible to viral diseases, increased awareness and access globally, as well as growth opportunities in emerging markets.

Strategic initiatives being undertaken by companies in this space include drug innovation through substantial R&D investments, focus on biologics and targeted therapies, partnerships and collaborations to enhance product pipelines, expansion in emerging markets, and consolidation through mergers & acquisitions among major businesses.

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Overall, the antiviral microbial drugs market is poised for healthy growth over the coming years driven by new drug development and rising demand globally thanks to viral outbreaks and expanded access of medications. Key players are focused on R&D and tapping growth opportunities in this competitive and dynamic market landscape.