Global Hepatitis Therapeutics Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Hepatitis Therapeutics industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Hepatitis Therapeutics barriers, and feasibility study are the vital aspects evaluated in this report.
The global hepatitis therapeutics market size is expected
to value at USD 25.8 billion by 2025, during the forecast period. The market is
subject to witness a substantial growth due to the growing incidences related
to the hepatitis infections, increasing consumption of alcohol in large
quantity, and easy accessibility for treatment and medicines for hepatitis
disorder. Some of the critical factors responsible for driving growth of the
market over the forecast period, are increase in the number of autoimmune
disorders, and increase in medical expenditures by regional governments. One of
the major concerns regarding prevalence of the hepatitis is increasing number
of deaths, which are significantly higher even in comparison with serious
diseases such as HIV and tuberculosis.
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Globally, the market is predicted to grow at CAGR of 2.7%
in forecast period, providing numerous opportunity for market players to invest
for research and development in the hepatitis therapeutics market. Growing
occurrence of hepatitis and higher death rate are major factors driving the
need for specialized treatments and medicines, thus propelling growth of the
hepatitis therapeutics market over the forecast period. Hepatitis majorly
occurred due to the inflammation of liver tissue, which is caused because of
the high alcohol consumption, drug abuse, viral infection, autoimmune diseases,
and toxins.
Hepatitis is commonly bifurcated based on the time
duration. For instance, if initial symptoms of hepatitis last for less than six
months then it is referred as acute hepatitis, else condition is referred as
chronic hepatitis in which symptoms remain active for more than six to eight
months. The viral hepatitis is further classified into A, B, C, D and E
types. Hepatitis B Virus also referred
as HBV and capable of infecting the liver that leads to chronic and acute liver
disorders. HBV is commonly spread via blood and other types of body fluids to
the affected patient. The hepatitis D virus or HDV is dependent on the HBV to
duplicate and multiply itself in the human body. Hepatitis D virus is also
considered as type of a ribonucleic acid virus. The occurrence of hepatitis D
and E is rare in comparison with other type of hepatitis. Hepatitis A virus is
transmitted by the consummation of contaminated water, vegetables, and person
to person contact. As per the world health organization (WHO) as many as ninety
percent of the child above age of ten are disease-ridden majorly due to poor
hygiene and lack of sanitation.
Patients suffering from HIV related diseases, with
hepatitis C virus infected sexual partners, receivers of contaminated blood,
patients with history of the alcohol and drug abuse, and unhygienic conditions
are at high risk of hepatitis. With recent technological advancements in
healthcare infrastructure and improved therapeutic products to treat hepatitis
is one of the critical factor boosting growth of the hepatitis therapeutics
market during the forecast period. Earlier, hepatitis C was considered as not
treatable due to unavailability of reliable medicines, yet, with advent of the
products similar to sovaldi and harvoni, rise in the treatment rate has been
observed.
The market is divided into regional market segment such
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rising in disposable
income, and growing awareness in patients for highly advanced therapeutics for
the treatment of hepatitis in the region. Additionally, adoption of latest
methodologies for the treatment of hepatitis, prevalence of well-established
healthcare infrastructure, and reimbursement are some of the critical factors
attributing to the growth of hepatitis therapeutics market in the region.
Asia-Pacific region is predicted to hold a major market
share in the hepatitis therapeutics market with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with increasing occurrence of hepatitis diseases, easy
access to medicines and treatment in developing economies, major emphasis on
the healthcare and sanitation by regional governments, and increasing awareness
about the hepatitis vaccination. The key players in the hepatitis therapeutics
market are Gilead Co., Johnson & Johnson Inc., Bristol-Myers Squibb
Company, Merck & Corporations, and AbbVie Incorporations.
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