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Viral Hepatitis Market Size, Industry Analysis, Key Insights, Latest Trends, And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033The Business Research Company's Viral Hepatitis Global Market Report 2024 identifies Elevated Prevalence as the major driver for the Viral Hepatitis Market's growth in the forecast period. The rising prevalence of hepatitis is expected to propel the growth of the viral hepatitis market going forward. Hepatitis is an infection of the liver caused by several infectious viruses and non-infectious substances, which can result in several medical issues. Hepatitis A, B, C, D and E are among the viruses that can cause viral hepatitis, which results in liver inflammation and damage.
The viral hepatitis market size has grown steadily in recent years. It will grow from $15.48 billion in 2023 to $16.21 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to vaccine development, blood screening programs, antiviral drugs, global health initiatives.
The viral hepatitis market size is expected to see steady growth in the next few years. It will grow to $19.01 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to access to treatment, public health legislation, combination therapies, health equity initiatives. Major trends in the forecast period include personalized treatment plans, digital health tools, ai in disease monitoring, hepatitis c micro-elimination.
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Major competitors in the Viral Hepatitis Market are Pfizer Inc., Johnson & Johnson Co, F Hoffmann-La Roche AG, Merck & Co., AbbVie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb, Astra Zeneca Pharmaceuticals LP, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Daiichi Sankyo Co. Ltd., Hetero Drugs Ltd., Eisai Co. Ltd., Boehringer Ingelheim Group, Sun Pharmaceutical Industries Ltd., Lupin Limited, Dr. Reddy's Laboratories, Zydus Lifescience Ltd., Glenmark Pharmaceuticals Ltd., Cipla Ltd., Torrent Pharmaceuticals Ltd., Otsuka Pharmaceutical Co. Ltd., Wockhardt Ltd. .
A key trend in the Viral Hepatitis Market includes Innovation And Drug Development. Companies operating in the viral hepatitis market are working on advancing new drugs and development to sustain their position in the market. Drug development and innovation boost scientific understanding by giving insights into disease mechanisms and accelerating the development of new treatments. For instance, in November 2022, Gilead Sciences Inc., a US-based biopharmaceutical company, announced that the Food and Drug Administration (FDA) had granted the supplemental new medicine application (sNDA) for Vemlidy (tenofovir alafenamide) 25 mg tablets as a once-daily medication to treat chronic hepatitis B virus (HBV) infection in children 12 years of age and older with compensated liver disease. The 24-week Phase 2 clinical trial results supported Vemlidy's approval in this group of pediatric patients.
Read More On The Global Viral Hepatitis Market Report Here:
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The Viral Hepatitis Market is segmented -
By Disease Type: Hepatitis A, Hepatitis B, Hepatitis C, Other Disease Types
By Diagnosis: Liver Biopsy, Blood Tests, Imaging Tests, Other Diagnosis
By Treatment: Antiviral Drugs, Surgery, Vaccine, Immune Modulator Drugs, Other Treatments
By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Viral Hepatitis Market.
The Business Research Company's "Global Viral Hepatitis Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Viral Hepatitis Market Include:
1. Executive Summary
2. Viral Hepatitis Market Characteristics
3. Viral Hepatitis Market Trends And Strategies
4. Viral Hepatitis Market - Macro Economic Scenario
5. Global Viral Hepatitis Market Size and Growth
……
32. Global Viral Hepatitis Market Competitive Benchmarking
33. Global Viral Hepatitis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Viral Hepatitis Market
35. Viral Hepatitis Market Future Outlook and Potential Analysis
36. Appendix
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