Hepatitis Drugs Market to reach US$ 27,180.1 Million, Growth Opportunities 2020-2027, Owing to Increasing Government Initiatives and Drug Development for Hepatitis Treatment
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
According Global Hepatitis Drugs Market Report, by Drug Class (Interferon Alphas, HIV NRTIs, Nucleotide Polymerase/NS5A Inhibitor Combinations, Hepatitis C Protease/NS5A Inhibitor Combinations, NS5A Inhibitors, Nucleotide Polymerase Inhibitors, Nucleoside Analogue Antivirals, and Thrombopoiesis Stimulating Agents), By Disease Type (Hepatitis B, Hepatitis C, and Others), by Route of Administration (Oral and injection), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), published by Coherent Market Insights, the global hepatitis drugs market was valued at US$ 21,148.3 million in 2019, and is projected to exhibit a CAGR of 3.2% over the forecast period (2019 – 2027).
Increasing government initiatives to expand drug coverage is expected to propel growth of the global hepatitis drugs market. For instance, in 2018, the Ministry of Health and Long-Term Care of Ontario announced that all patients are eligible for Ontario Drug Benefit (ODP) irrespective of severity of their disease. Moreover, in July 2018 (World Hepatitis Day) the National Viral Hepatitis Control Program was launched by the Ministry of Health and Family Welfare, Government of India. It is an integrated initiative for the prevention and control of viral hepatitis in India to achieve Sustainable Development Goal (SDG), which aims to end viral hepatitis by 2030.
R&D in direct acting antivirals (DAAs) is expected to aid in growth of the global hepatitis drugs market. For instance, in 2016, Gilead submitted a new drug application of a fixed-dose combination SOF/VEL/voxilaprevir for treatment of HCV genotypes 1–6 to the U.S. FDA. Moreover, in January 2017, drug assessment of the SOF/VEL/voxilaprevir combination was granted by the European Medicines Agency (EMA). Moreover, according to Pharmaceutical Research and Manufacturers of America, the total cumulative savings of HCV treatment since the introduction of highly effective interferon-free DAAs are expected to reach US$ 12 billion by 2020.
To know the latest trends and insights related to Hepatitis Drugs Market PRESS RELEASE, click the link below: https://www.coherentmarketinsights.com/press-release/hepatitis-drugs-market-to-surpass-us-271801-million-by-2027-1827
The market is witnessing emergence of new players. For instance, in 2018, Thunder Bay Group, a company that provides HIV/AIDS/Hepatitis C education and support services, expanded its presence into medicines, as a result of successful negotiations between provinces and drug manufacturers.
Among disease type, the Hepatitis B segment is expected to hold dominant position is the global hepatitis drugs market, owing to increasing prevalence of hepatitis B. For instance, according to World Health Organization (WHO), in 2015, 257 million people were living with chronic hepatitis B infection and 8, 87, 000 deaths occurred due to the disease, globally.
Apply Promo Code “STAYHOME” And Get Instant Discount Of USD 1000
Buy Now this Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/2977
- The global hepatitis drugs market is expected to expand at a CAGR of 3.2% during the forecast period (2019–2027)
- Increasing government initiatives to expand drug coverage is expected to propel growth of the global hepatitis drugs market
- Major players operating in the global hepatitis drugs market include, Merck & Co. Inc., Gilead Sciences Inc., AbbVie Inc., Bristol Myers Squibb Company, F. Hoffmann-La Roche Ltd., LAURUS Labs, Zydus Cadila, Hetero Healthcare Limited, GlaxoSmithKline PLC., and Cipla Inc.
Other Related Reports:
Enteroviruses Testing Kit Market, by Testing (Rapid Detection Test and RT- Polymerase Chain Reaction), By End User (Hospitals, Speciality Clinics, and Research Laboratories), by Classification (Coxsackievirus, Coxsackie A Virus, Duck Hepatitis Virus III, Enterovirus A71, and Duck Hepatitis Virus 1a), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
Small Molecule Anti-infective Drug Market, by Product Type (Antibiotics (B Lactam, Quinolones, Macrolides, Tetracyclines, Aminoglycosides, Sulphonamides, and Others), Antifungal ( Azoles, Echinocandins, Polyenes, and Others), Antivirals (Nucleoside Reverse Transcriptase Inhibitors, Non-nucleoside Reverse Transcriptase Inhibitors, and Others), and Others (Anthelminthic and Antiprotozoal), by Indication (Pneumonia, MRSA Infections, MSSA Infections, Sinusitis, Tuberculosis, Dermatophytosis, Aspergillosis, Candidiasis, Hepatitis, HIV Infection, Respiratory Tract Infection, Urinary Tract Infection, and Others), by Distribution Channels (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2019 – 2026
Anti-infective Drugs Market, by Drug Class Type (Anti-bacterial Drugs (B – Lactams, Quinolones, Macrolides, Tetracycline, Aminoglycoside, and Others), Anti-fungal Drugs (Azoles, Echinocandins, Polyenes, and Others), and Anti-viral Drugs), By Indication Type (Pneumonia, Methicillin-resistant Staphylococcus Aureus (MRSA), Sepsis, Tuberculosis, Dermatophytosis, Aspergillosis, Candidiasis, Hepatitis Virus Infection, HIV Infection, Respiratory Virus Infection, and Others), By Route of Administration (Oral, Topical, and Parenteral), by Distribution Channel (Hospital, Retail Pharmacy, and Online Pharmacy), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
- CDN Newswire