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Hepatitis B Virus (HBV) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Hepatitis B Virus (HBV) Market Forecast
The hepatitis B virus (HBV) market will grow from $6.71 billion in 2024 to $7.37 billion in 2025, reflecting a CAGR of 9.9%. The growth is driven by the rising prevalence of HBV, growing demand for diagnostics, expanding vaccine coverage, and increasing awareness of the virus.
The Hepatitis B Virus (HBV) market is expected to reach $10.72 billion by 2029, growing at a CAGR of 9.8%, driven by personalized medicine, rising vaccination programs, and healthcare spending. Trends include new drug development and partnerships in biological therapies.
What Key Elements Are Boosting Growth in the Hepatitis B Virus (HBV) Market?
The high prevalence of hepatitis B infections is expected to propel the growth of the hepatitis B virus market. Hepatitis B is a liver infection caused by the hepatitis B virus (HBV), and while it is preventable through vaccination, rising infection rates are increasing the demand for diagnostic tests and treatment options. For instance, in April 2024, the World Health Organization (WHO) reported that in 2022, 254 million people worldwide were living with chronic hepatitis B, with 1.2 million new cases occurring annually. Therefore, the growing prevalence of hepatitis B infection is driving the hepatitis B virus market.
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Who Are the Major Industry Players Fueling Hepatitis B Virus (HBV) Market Expansion?
Major companies operating in the hepatitis b virus (hbv) market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmon La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Bristol-Myers Squibb Company, AstraZeneca PLC, Sanofi SA, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Mylan N.V., Teva Pharmaceutical Industries Ltd., Vertex Pharmaceuticals Incorporated, Eisai Co. Ltd., Aurobindo Pharma Limited, Apotex Corp., Lupin Pharmaceuticals Inc., Cadila Healthcare Ltd., Celltrion Inc., Dynavax Technologies Corporation, Accord Healthcare Inc., Par Pharmaceutical Inc., Arrowhead Pharmaceuticals Inc., Arbutus Biopharma Corporation, Globeimmune Inc., Antios Therapeutics Inc.
Which Key Developments Are Influencing the Hepatitis B Virus (HBV) Market?
In the hepatitis B virus (HBV) market, Abbott Laboratories launched the HBsAg Next Qualitative Solution Test in May 2022, which improves early HBV detection. This chemiluminescent microparticle immunoassay (CMIA) helps detect the virus in human blood, thus aiding early diagnosis and better patient outcomes.
How Is the Segmentation of the Hepatitis B Virus (HBV) Market Defined?
The hepatitis B virus (HBV) market covered in this report is segmented -
1) By Type: Acute, Chronic
2) By Treatment: Immune Modulator Drugs, Antiviral Drugs, Vaccine, Surgery
3) By Age Group: Pediatrics, Adults, Seniors
4) By End User: Medical Providers, Patients, Healthcare Payers
Subsegments:
1) By Acute HBV: Asymptomatic Acute HBV, Symptomatic Acute HBV, Severe Acute HBV
2) By Chronic HBV: Chronic Hepatitis B (HBeAg Positive), Chronic Hepatitis B (HBeAg Negative), Chronic Hepatitis B With Compensated Liver Disease, Chronic Hepatitis B With Decompensated Liver Disease, Chronic Hepatitis B With Hepatocellular Carcinoma (HCC)
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What Is the Leading Region in the Hepatitis B Virus (HBV) Market?
North America was the largest region in the hepatitis B Virus (HBV) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in hepatitis B virus (HBV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Hepatitis B Virus (HBV) Global Market Report?
- Market Size Analysis: Analyze the Hepatitis B Virus (HBV) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hepatitis B Virus (HBV) 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 B Virus (HBV) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hepatitis B Virus (HBV) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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