Global Hepatitis C Drugs Market Overview:
Hepatitis C is basically a disease causes inflammation and infection of the liver. Such condition develops when some one is infected with the virus of hepatitis C that is (HCV). Hepatitis C can be either chronic or acute. Till now there are no vaccine develop for the hepatitis C. Hepatitis C requires oral injections and dosages on a weekly basis, and it also has several side effects that can also lead to permanent damage. Increasing clinical trials and successful drug clearances have aided the overall growth of the global hepatitis C market. Increasing number of regulatory approvals will boost the global hepatitis C market in the forthcoming years. While high cost of drugs limits access to the drugs for low and middle-class patients which, in turn, hampers market growth.
As per latest study released by AMA Research, the Global Hepatitis C Drugs market is expected to see growth rate of 2.7%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Research and development activities in the pharmaceutical industry and Hepatitis C Drugs vendors are introducing products with a high storage capacity
Market Growth Drivers:
Increasing incidence of hepatitis C and Increasing clinical trials and successful drug clearances have aided the overall growth of the global hepatitis C market
Challenges:
High cost of hepatitis C drugs, especially direct-acting antivirals
Restraints:
Several side effects is leading to permanent damage
Opportunities:
Increasing number of regulatory approvals and increasing number of voluntary licensing agreements
Competitive Landscape:
The market of Hepatitis C Drugs is growing due to the rising incidences of Hepatitis C. The top players present in the market are striving hard for research in market of Hepatitis C drugs availability. Along with it high cost of the drug is further creating competitive structure among some players for cost cut down.
Some of the key players profiled in the report are Gilead sciences (United States), Abbvi (United States), Johnson & Johnson (United States), Merck (United States), Glaxosmithkline (United Kingdom), Novartis (Switzerland), Bristol-Myers Squibb (United States) and Roche (Switzerland). Considering Market by Disease, the sub-segment i.e. Acute Hepatitis C will boost the Hepatitis C Drugs market. Considering Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Hepatitis C Drugs market.
Latest Market Insights:
In February 2021, Gilead Sciences announced the completion of its acquisition of Merck & Co's hepatology business, which included Hepatitis C drugs.
In July 2021, AbbVie and Royalty Pharma formed a strategic partnership to commercialize AbbVie's investigational Hepatitis C treatment in specific territories.
What Can be Explored with the Hepatitis C Drugs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hepatitis C Drugs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hepatitis C Drugs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hepatitis C Drugs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hepatitis C Drugs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Investors, Manufacturers, End User Industries, Hospitals, Laboratories, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.