Hepatitis C Drugs Market: Business Opportunities, Competition & Key Companies, Current Trends and Challenges
Research Reports
Jan 11, 2021
Market Analysis
The global Hepatitis C Drugs Market is projected to touch USD 22.7 billion at a notable 3.3% CAGR over the forecast period (2016-2022). Hepatitis is an inflammation in the liver that is characterized by yellow skin and eyes due to bilirubin and flu-like symptoms including vomiting, nausea, joint pain, poor appetite, clay colored stools and headache. There are various factors that can result in Hepatitis and this is inclusive of both microbial factors and non-microbial factors. Hepatitis C results from hepatitis C virus. A greater concern here is that about 15-20% of Hepatitis C patients that are chronically infected have a tendency to develop liver cancer or liver cirrhosis.
There are many factors that is driving the growth of the Hepatitis C drugs market. Some of these factors as per the Market Research Future (MRFR) report include disease prevalence, increase in government subsidy, increase in reimbursement particularly in the US, unsafe sex, drug abuse, greater screening in developing nations, various lifestyle-related factors, medical negligence including blood transfusion to newborn from infected mother, unsterilized equipment and sharing needles, new efficient therapies and growing investments on hospitals. On the contrary, factors such as the disease’s self-imitating nature in growing number of patients, availability of herbal treatment available at affordable prices in developing regions, threat associated to regulation as well creation of drugs, treatment cost, lack of information and awareness about HCV, and price war amid companies may hinder the growth of the Hepatitis C drugs market.
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Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the Hepatitis C drugs market on the basis of medicine system, drug class, end user, and route of administration.
Based on medicine system, it is segmented into alternative medicine, allopathic medicine and others.
Based on drug class, the Hepatitis C drugs market is segmented into immuno-modulators, anti-viral drugs and others.
Based on end-user, it is segmented into private and hospitals. Of these, the hospital segment will dominate the Hepatitis C drugs market during the forecast period.
Based on route administration, the Hepatitis C drugs market is segmented into injectable, oral and others. Of these, the oral administration segment will rule the Hepatitis C drugs market during the forecast period.
Regional Analysis
Based on region, the Hepatitis C drugs market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will account for the largest share in the Hepatitis C drugs market over the forecast period followed by Europe owing to widespread accessibility of advanced medication here. Drop in disease prevalence is likely to result in a stable market or a market reduced in size. In the emerging regions particularly India and China, the Hepatitis C drugs market will have promising growth prospects owing to prevalence of Hepatitis C in such regions and growing awareness concerning the prevention and treatment of this disease. The expanding healthcare sector in Singapore, Malaysia, Indonesia, Korea, Japan, China and India will remain vital for Hepatitis C drugs market during the forecast period.
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Competitive Analysis
The Hepatitis C drugs market is experiencing favorable growth due to various strategic implementations in the likes of acquisitions, collaborations, mergers and other methods. Some pharmaceutical companies especially in Latin America are joining hands with non-profit organizations for manufacturing and supplying affordable and new Hepatitis C drugs.
Key Players
Leading players profiled in the Hepatitis C drugs market include AbbVie Inc, Merck & Co. Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb, GSK, Johnson & Johnson, and Gilead Sciences Inc.
Feb 2019- Subscribing to the Netflix model to buy treatment for hepatitis C will lower patient cost in Australia by about 85%. The government is indeed working a way with a deal of 5 years where countless drug manufacturers had been paid about 766 million dollars for medicines.
February 2019- Federal court in Indiana will enable Medicaid recipients in receiving direct-acting antiviral drugs sooner.
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