The global Favipiravir market size is expected to reach $ 6.24 million by 2032, rising at a market growth of -21.5% CAGR during the forecast period (2026-2032).
Favipiravir, sold under the brand name Avigan, is an antiviral medication used to treat influenza in Japan. It is also being studied to treat a number of other viral infections. Like the experimental antiviral drugs (T-1105 and T-1106), it is a pyrazinecarboxamide derivative. It is being developed and manufactured by Toyama Chemical (Fujifilm group) and was approved for medical use in Japan in 2014. In 2016, Fujifilm licensend API for it to Zhejiang Hisun Pharmaceutical Co. of China. It became a generic drug in 2019.
The Favipiravir market has witnessed accelerated growth primarily due to the global urgency for effective antiviral therapies during outbreaks such as COVID-19. Its broad-spectrum activity against RNA viruses makes it a valuable candidate in pandemic preparedness plans. Several countries have approved Favipiravir for emergency or conditional use during viral outbreaks, boosting its visibility and adoption. Moreover, the drug's oral administration route offers ease of distribution and use, particularly in low-resource settings where intravenous treatments are less feasible. Continued investment in antiviral drug research, government stockpiling programs, and the rising incidence of emerging infectious diseases are expected to sustain demand for Favipiravir and similar oral antivirals in the foreseeable future.
Despite its potential, the Favipiravir market faces significant challenges. Clinical data regarding its efficacy for diseases beyond influenza, especially COVID-19, remains mixed, which has led to varied regulatory responses across different countries. Concerns over side effects such as teratogenicity limit its use among certain patient groups, particularly pregnant women. Additionally, the presence of more effective or better-studied antiviral drugs—like remdesivir, molnupiravir, and Paxlovid—creates intense competition in the antiviral space. Intellectual property issues and varying manufacturing standards across countries also affect the consistency of Favipiravir supply and global acceptance, complicating its market expansion.
In the global Favipiravir market, ChemRar Group, Glenmark, Fujifilm, Dr. Reddy, R-Pharma are the key players. The global 5 Largest Favipiravir Players account for 70% market share by revenue. India hold a key market revenue share of the Favipiravir market which account for 73%. The classification of Favipiravir includes Brand Drug and Generic Drug. Brand Drug accounted for a share of 16% in the global Favipiravir market.
This report studies the global Favipiravir production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Favipiravir and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Favipiravir that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Favipiravir total production and demand, 2021-2032, (K Units)
Global Favipiravir total production value, 2021-2032, (USD Million)
Global Favipiravir production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Favipiravir consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Favipiravir domestic production, consumption, key domestic manufacturers and share
Global Favipiravir production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Favipiravir production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Favipiravir production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Favipiravir market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ChemRar Group, Glenmark, Fujifilm, Dr. Reddy, R-Pharma, Cipla, Lupin, Sun Pharma, Hisun Pharm, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Favipiravir market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Favipiravir Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Favipiravir Market, Segmentation by Type:
Brand Drug
Generic Drug
Global Favipiravir Market, Segmentation by Application:
Influenza Viruses
COVID-19
Others
Companies Profiled:
ChemRar Group
Glenmark
Fujifilm
Dr. Reddy
R-Pharma
Cipla
Lupin
Sun Pharma
Hisun Pharm
Key Questions Answered:
1. How big is the global Favipiravir market?
2. What is the demand of the global Favipiravir market?
3. What is the year over year growth of the global Favipiravir market?
4. What is the production and production value of the global Favipiravir market?
5. Who are the key producers in the global Favipiravir market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Favipiravir. Industry analysis & Market Report on Favipiravir is a syndicated market report, published as Global Favipiravir Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Favipiravir market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.