Press release
Hepatitis C Market Growth: A Surge Towards $76.32 Billion by 2025 and $134.03 billion by 2029
Hepatitis C Market Size
What Is The Projected Market Size Of The Global Hepatitis C Market And Its Growth Rate?
• The global Hepatitis C market is projected to grow from $67.17 billion in 2024 to $76.32 billion in 2025, at a CAGR of 13.6%.
• This growth can be attributed to factors such as blood transfusion practices, injection drug use, limited treatment options, and the development of direct-acting antivirals.
• Rapid growth is expected in the next few years, reaching $134.03 billion by 2029 at a CAGR of 15.1%.
• Facilitators for this growth include global elimination efforts, improved testing and screening, rising healthcare spending, integration of telemedicine, and emerging therapeutic combinations.
What Is Driving The Growth In The Hepatitis C Market?
An increase in viral infections is expected to propel the growth of the hepatitis C market going forward. Viral infections, caused by a virus in the body, can be diminished by hepatitis C treatment that eradicates viral infection and restores immune response in hepatitis C patients after viral clearance. As per the report from the Centers for Disease Control and Prevention in August 2024, the prevalence of individuals with Parvovirus B19, a seasonal respiratory viral infection, increased across all age groups. Therefore, an increase in viral infections is the primary driver of the hepatitis C market.
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Who Are the Key Players Driving Hepatitis C Market Growth?
• Pfizer Inc.
• Johnson & Johnson Services Inc.
• F. Hoffman La Roche Ltd.
• Merck & Co. Inc.
• AbbVie Inc.
• Bayer AG
• Novartis AG
• Bristol-Myers Squibb Company
• Sumitomo Corporation
• GlaxoSmithKline plc
• Takeda Pharmaceutical Company Limited
• Eli Lilly and Company
• Boehringer Ingelheim International GmbH
• Amgen Inc.
• Toray Industries Inc.
• Mylan N.V.
• Teva Pharmaceutical Industries Ltd.
• Daiichi Sankyo Company Limited
• Eisai Co. Ltd.
• Otsuka Pharmaceutical Co. Ltd.
• Aurobindo Pharma Ltd.
• Cipla Ltd.
• Lupin Limited
• Cadila Healthcare Ltd.
• Biocon Limited
What Are The Key Trends In The Hepatitis C Market?
• Accessible and affordable treatment
• Focus on high-risk groups
• Improved drug formulations
• Collaborative efforts and partnerships
• Telehealth and digital solutions
What Are The Segments Of The Global Hepatitis C Market?
1) By Type: Chronic Hepatitis C, Acute Hepatitis C, Other Types
2) By Treatment: Antiviral Drugs, Vaccine, Immune Modulator Drugs, Surgery, Other Treatments
3) By Diagnosis: Liver Biopsy, Blood Tests, Imaging Tests, Other Diagnosis
4) By Distribution Channel: Hospital And Retail Pharmacies, Online Pharmacies
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, Research Institutes, Home Care Settings
Which Region Leads The Hepatitis C Market?
North America was the largest region in the hepatitis C market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Hepatitis C Market Global Market Report?
- Market Size Analysis: Analyze the Hepatitis C Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hepatitis C Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hepatitis C Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hepatitis C Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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