Press release
Hepatitis C Market Set to Reach $134.03 Billion by 2029 with 15% Yearly Growth
Hepatitis C Market
The growth of the hepatitis C market is anticipated to be driven by a rise in viral infections. The term viral infections pertains to infections instigated by a virus within the body. Treatment for hepatitis C curtails these infections by eliminating the virus and rejuvenating the immune response in patients after the virus has been cleared. The Centers for Disease Control and Prevention, a health agency based in the US, reported in August 2024 that the percentage of individuals affected by Parvovirus B19, a seasonal respiratory viral infection, had expanded in every age group. The increase surged from 3% during 2022-2024 to 10% in June 2024. There was a particularly prominent spike in children aged 5-9 years, where the frequency leapt from 15% during 2022-2024 to 40% by June 2024. Furthermore, the percentage of collective samples containing Parvovirus B19 DNA levels also notably escalated from 1.5% in December 2023 to 19.9% in June 2024. Consequently, a surge in viral infections is propelling the hepatitis C market.
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How will the growth rate of the hepatitis c market shape industry trends by 2034?
The market size of hepatitis C has witnessed a swift expansion in the past few years. The market which is valued at $67.17 billion in 2024, is projected to rise to $76.32 billion in 2025, with a compound annual growth rate (CAGR) of 13.6%. Factors contributing to this growth during the previous period include practices pertaining blood transfusion, the use of injection drugs, limited options for treatment, and the emergence of direct-acting antivirals (DAA).
The market size of hepatitis C is forecasted to experience rapid expansion in the coming years, increasing to $134.03 billion by 2029 with a compound annual growth rate (CAGR) of 15.1%. The growth during the forecast period can be credited to efforts towards global elimination, enhancing testing and screening methods, an upsurge in healthcare expenditure, incorporation of telemedicine, and emerging therapeutic combinations. The primary tendencies in this forecast period involve readily available and cost-effective treatment, concentration on groups with higher risks, advanced drug formulations, joint efforts and alliances, telehealth, and digital solutions.
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What trends are poised to drive the future success of the hepatitis c market?
The rise in groundbreaking diagnostic methods for hepatitis C is a key trend that's gaining traction in the hepatitis C market. Prominent companies in the market are employing these novel technologies to maintain their market dominance. For example, F. Hoffmann-La Roche Ltd., a Swiss pharmaceutical and diagnostics corporation, launched Elecsys HCV Duo immunoassay in nations that recognize the CE Mark in July 2022. The Elecsys HCV Duo immunoassay makes it possible to independently and simultaneously recognize the hepatitis C virus (HCV) antigen and antibody status using just a single human plasma or serum specimen. This test has the ability to identify patients in recovery or those showing signs of a chronic infection, which could lead to additional health issues like liver cancer or early-stage conditions.
Which primary segments of the hepatitis c market are driving growth and industry transformations?
The hepatitis C market covered in this report is segmented -
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
Subsegments:
1) By Chronic Hepatitis C: Genotype 1, Genotype 2, Genotype 3, Genotype 4, Genotype 5, Genotype 6
2) By Acute Hepatitis C: Symptomatic, Asymptomatic
3) By Other Types: Mixed Infections, Superinfection
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Which geographical regions are pioneering growth in the hepatitis c market?
North America was the largest region in the hepatitis C market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepatitis C market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the hepatitis c market landscape?
Major companies operating in the hepatitis C market include 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
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What Is Covered In The Hepatitis C Global Market Report?
• Market Size Forecast: Examine the hepatitis c market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the hepatitis c market for a structured understanding.
• Key Players Overview: Analyze major players in the hepatitis c market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hepatitis c market.
• Segment Contributions: Evaluate how different segments drive overall growth in the hepatitis c market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hepatitis c market.
• Industry Challenges: Identify potential risks and obstacles affecting the hepatitis c market.
• Competitive Landscape: Review strategic developments in the hepatitis c market, including expansions, agreements, and new product launches.
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