https://www.fortunebusinessinsights.com/industry-reports/hepatitis-c-drug-market-101562
https://www.fortunebusinessinsights.com/industry-reports/hepatitis-c-drug-market-101562
The global hepatitis C drug market was valued at USD 7.86 billion in 2018 and is expected to
grow to USD 9.84 billion by 2032, registering a compound annual growth rate (CAGR) of 1.8%
over the forecast period from 2018 to 2032. In 2018, North America led the market, accounting
for 47.46% of the global share.
The Hepatitis C drug market is witnessing steady growth due to increasing awareness, rising
diagnosis rates, and advancements in antiviral therapies. The market is primarily driven by the
widespread adoption of direct-acting antiviral (DAA) drugs, which offer high cure rates, fewer
side effects, and shorter treatment durations. Government initiatives, public health campaigns,
and expanded screening programs are also contributing to market expansion, especially in
developing regions. As patents for several branded drugs expire, the entry of cost-effective
generics is expected to boost accessibility and treatment uptake. With continued innovation and
global efforts to eliminate Hepatitis C, the market is poised for sustained development over the
coming years.
Continue reading for more details:
https://www.fortunebusinessinsights.com/industry-reports/hepatitis-c-drug-market-101562
Market Segmentation
• The Hepatitis C drug market is segmented based on drug class into direct-acting antivirals,
combination therapies, and others.
• By distribution channel, the market is categorized into hospital pharmacies, retail
pharmacies, and online pharmacies.
• Patient type segmentation includes acute and chronic hepatitis C cases, with chronic
infections accounting for the majority of the demand.
• The Hepatitis C drug market also segments drugs based on genotypes, with pan-genotypic
regimens becoming increasingly dominant.
List of Companies Profiled:
• AbbVie Inc.
• Gilead Sciences, Inc.
• Bristol-Myers Squibb Company
•
Janssen Pharmaceuticals, Inc.
• Merck Sharp & Dohme Corp.
• F. Hoffmann-La Roche Ltd
• Vertex Pharmaceuticals Incorporated
• Other Prominent Players
Market Growth
• The Hepatitis C drug market is experiencing steady growth driven by increased awareness,
improved diagnostic rates, and advancements in antiviral treatment.
• The introduction of highly effective direct-acting antivirals has transformed the landscape of
the Hepatitis C drug market, leading to higher cure rates and shorter treatment durations.
• Continued government initiatives and public health programs targeting hepatitis elimination
are contributing to long-term market stability.
• The Hepatitis C drug market is expected to maintain moderate growth due to consistent
demand in both developed and developing regions.
Restraining Factors
• High treatment costs continue to limit access to medications in low- and middle-income
countries within the Hepatitis C drug market.
• Limited awareness and lack of screening programs in certain regions hinder early diagnosis
and treatment uptake.
• The stigma associated with hepatitis infections may delay patient engagement with
healthcare services.
• Generic drug entry, while improving affordability, may impact the revenue growth of
branded drug manufacturers in the Hepatitis C drug market.
Regional Analysis
• North America holds a significant share of the Hepatitis C drug market, driven by strong
healthcare infrastructure and established screening protocols.
• Europe follows closely due to wide access to advanced therapies and comprehensive
national treatment programs.
• The Asia-Pacific region is emerging as a key growth area for the Hepatitis C drug market,
fueled by expanding healthcare access and public awareness campaigns.
• Latin America and the Middle East & Africa are witnessing gradual growth, supported by
global health initiatives and increasing diagnosis rates.
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