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Viral Hepatitis Market Report 2024: Strategies And Recent Developments | Pfizer Inc., Johnson & Johnson Co, F Hoffmann-La Roche AG, Merck & Co., AbbVie Inc., Novartis AG, Sanofi SA
Viral Hepatitis Market Size
The Business Research Company offers in-depth market insights through Viral Hepatitis Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of viral hepatitis diseases are hepatitis A, hepatitis B, hepatitis C and others. Hepatitis A is a potentially fatal liver illness caused by the hepatitis A virus. The various diagnosis is liver biopsy, blood tests, imaging tests and others with antiviral drugs, surgery, vaccine, immune modulator drugs and others. The various routes of administration are oral, parenteral and others. It is used in hospitals, specialty clinics, homecare and others.
Major Driver - Elevated Prevalence Of Hepatitis Driving Growth In The Viral Hepatitis Market
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. For instance, in August 2023, according to the Centers for Disease Control and Prevention, a US-based national public health agency, in the US, there were about 9,952 hepatitis A cases reported by 49 states and the District of Columbia in 2020 and 4,798 acute hepatitis C cases were reported to CDC from 44 states in 2020. Further, in 2020, 41 states reported a total of 107,300 newly discovered cases of chronic hepatitis C to the CDC. Therefore, the rising prevalence of hepatitis will drive the viral hepatitis market.
Competitive Landscape:
Major players 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. .
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Top Trend - Leading Companies In The Viral Hepatitis Market Drive 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Viral Hepatitis Market Characteristics
3. Viral Hepatitis Market Trends And Strategies
4. Viral Hepatitis Market - Macro Economic Scenario
5. Viral Hepatitis Market Size And Growth
…..
27. Viral Hepatitis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries
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