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Emerging Hepatitis B Virus (HBV) Market Trends: Rising Emphasis On Highly Sensitive Hbsag Test Revolutionizes Hepatitis B Virus (HBV) Detection And Treatment Shaping the Future of the Industry
Hepatitis B Virus HBV Market Size
Hepatitis B Virus (HBV) Market Size Growth Forecast: What to Expect by 2025?
The market for the hepatitis B virus (HBV) has expanded significantly in the last few years. The market is set to grow from its size of $6.71 billion in 2024 to an anticipated $7.37 billion in 2025, noting a compound annual growth rate (CAGR) of 9.9%. The substantial growth noted in the historic period is attributed to an increasing number of hepatitis B virus cases, a surge in demand for its diagnostic tests, a broadening coverage of the HBV vaccine, and increased awareness about the virus.
How Will the Hepatitis B Virus (HBV) Market Size Evolve and Grow by 2029?
Expectations for the Hepatitis B virus (HBV) market size are for significant growth in the upcoming years, with predictions showing an expansion to $10.72 billion by 2029. This growth is calculated at a compound annual growth rate (CAGR) of 9.8%. Contributing factors to this estimated growth within the forecasted period include the emergence of personalized medicine, growing backing from patient advocacy groups, an increase in vaccination programs, and heightened healare spending. The major trends projected to influence this growth within the forecast period encompass the creation of new drugs, advances in diagnostic technologies, partnerships between public and private sectors, and novel biological therapies.
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What Drivers Are Propelling the Growth of Hepatitis B Virus (HBV) Market Forward?
The hepatitis B virus market is set to experience substantial growth due to the alarmingly high rates of hepatitis B infections. Hepatitis B is a liver infection caused by the hepatitis B virus (HBV) which can be prevented by vaccination. The escalating rates of this infection see a growing need for diagnostic procedures and treatment options. For instance, data gathered by the World Health Organization, a Switzerland-based intergovernmental organization, reveals that by April 2024, approximately 254 million individuals had been afflicted with chronic hepatitis B in 2022, and the disease continues to impact an additional 1.2 million globally every year. Thus, the high frequency of hepatitis B infection is sourcing the growth of the Hepatitis B virus market. Key Catalyst to Hepatitis B Virus (HBV) Market Growth: The Surge in Liver Damage and Cirrhosis Cases
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Which Emerging Trends Are Transforming the Hepatitis B Virus (HBV) Market in 2025?
Leading businesses in the hepatitis B virus (HBV) market prioritize the creation of innovative diagnostic and therapeutic options, such as the use of highly sensitive chemiluminescent microparticle immunoassay (CMIA), to secure a competitive edge in the market. For example, in May 2022, Abbott Laboratories, an American healare firm, introduced the HBsAg Next Qualitative Solution Test, designed to facilitate early detection of Hepatitis B virus (HBV) in human serum and plasma specimens and enhance patient prognosis while ensuring blood safety. This sophisticated chemiluminescent microparticle immunoassay (CMIA) enables both early and refined detection of HBV in human serum and plasma (blood) samples, along with a broader population screening.
What Are the Key Segments in the Hepatitis B Virus (HBV) Market?
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, Healare 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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Who Are the Key Players Shaping the Hepatitis B Virus (HBV) Market's Competitive Landscape?
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 Healare Ltd., Celltrion Inc., Dynavax Technologies Corporation, Accord Healare Inc., Par Pharmaceutical Inc., Arrowhead Pharmaceuticals Inc., Arbutus Biopharma Corporation, Globeimmune Inc., Antios Therapeutics Inc.
What Geographic Markets Are Powering Growth 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.
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