Hydroxychloroquine Market Report: Industry Analysis, Trends, Production, Revenue, Growth And Forecast To 2032
As per the hydroxychloroquine market report by The Business Research Company, the increasing number of coronavirus cases has increased the demand for hydroxychloroquine in 2020. The demand for hydroxychloroquine is growing attributing to its use in the treatment of COVID-19 patients and the ongoing clinical trials. The US Food and Drug Administration has authorised the emergency use of hydroxychloroquine for the treatment of COVID-19 patients in the hospital or enrolled in clinical trials.
The global hydroxychloroquine market grew from $1.8 billion in 2022 to $1.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydroxychloroquine market is expected to grow from $2.52 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the hydroxychloroquine market include Bayer AG, Dr. Reddy's Laboratories, Zydus Cadila, Ipca Laboratories Ltd., Wallace Pharma, Teva, Mylan, Novartis, and Intas Pharmaceuticals
The hydroxychloroquine market is segmented -
By Drug Activity: Anti-Malarial Drug, Anti-Rheumatic Drug, Lupus Suppressant Drug, Anti COVID-19 Drug, Other Drug Activity
By Formulation: Tablets, Injection
By Application: Malaria, Rheumatoid Arthritis, Lupus Erythematosus, COVID-19, Other Applications
By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Speciality Drug Stores, Retail Pharmacy
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hydroxychloroquine market.
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Hydroxychloroquine refers to a quinolone-derived medication that is used to treat malaria. In countries or regions where it is recognised that other medications (such chloroquine) may not be effective, it is also used to prevent malaria infection. In some hospitalised individuals, hydroxychloroquine may also be used to treat coronavirus (COVID-19).
The Table Of Content For The Hydroxychloroquine market Include:
1. Executive Summary
2. Hydroxychloroquine Market Characteristics
3. Hydroxychloroquine Market Trends And Strategies
4. Hydroxychloroquine Market - Macro Economic Scenario
5. Hydroxychloroquine Market Size And Growth
27. Hydroxychloroquine Market Competitive Landscape And Company Profiles
28. Hydroxychloroquine Pipeline Analysis
29. Key Mergers And Acquisitions In The Hydroxychloroquine Market
30. Hydroxychloroquine Market Future Outlook and Potential Analysis
The "Global Hydroxychloroquine market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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n the wake of the worsening coronavirus pandemic, hydroxychloroquine has been touted as a key drug in the treatment and eradication of COVID-19. As a result, the demand for hydroxychloroquine has skyrocketed in the past few weeks. The United States alone has generated significant demand for 20 million hydroxychloroquine pills, amounting to 4 tons. Moreover, the global demand for hydroxychloroquine is anticipated to surge amid the rapidly increasing COVID-19 infections. Get