Yahoo Finance Hepatitis Drugs Global Market Report 2022: Rising Hepatitis Infection Rates Propel Sector Growth
Dublin, Sept. 29, 2022 (GLOBE NEWSWIRE) -- The "Hepatitis Drugs Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global hepatitis drugs market is expected to grow from $17.12 billion in 2021 to $17.47 billion in 2022 at a compound annual growth rate (CAGR) of 2.07%. The market is expected to grow to $21.68 billion in 2026 at a compound annual growth rate (CAGR) of 5.55%.
North America was the largest region in the hepatitis drugs market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepatitis drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing number of cases of different types of hepatitis is significantly driving the growth of the hepatitis drugs market. Various types of hepatitis need different drugs for treatment and this increases the demand for hepatitis drugs. According to World Health Organization (WHO), in 2019, 296 million people had chronic hepatitis B infection, with an average of 1.5 million new infections every year. This increasing number of hepatitis infections will invariably increase the need and consumption of hepatitis drugs. Thus, the increasing number of different types of hepatitis is expected to propel the growth of hepatitis drugs in the forecast period.
New product launches are a significant trend in the hepatitis drugs market. The key players in the hepatitis drugs sector are focusing on launching new products for hepatitis treatments to strengthen their position in the market. For instance, in September 2020, MYR Pharmaceuticals, a Germany-based biotechnology company launched HEPCLUDEX (bulevirtide) in Germany, France, and Austria for the treatment of chronic hepatitis B and D. HEPCLUDEX is the first European drug to be approved for the treatment of chronic hepatitis D. HEPCLUDEX inhibits the entry of HBV/HDV into hepatocytes and viral spread within the liver by blocking the NTCP receptor on the surface of hepatocytes.
In March 2021, Gilead Sciences, a US-based biopharmaceutical company acquired MYR GmbH for cash consideration of $1.55 billion (€1.45 billion). As a result of the acquisition, Gilead leverages the MYR GmbH's new drugs and expansion of the market globally in providing better treatment for hepatitis. MYR GmbH is a Germany-based company that develops inhibitors for chronic hepatitis B and D infections.
Scope
Markets Covered:
1) By Drug Class: Interferon Alphas; HIV NRTIs; Nucleotide Polymerase/NS5A Inhibitor Combinations; Hepatitis C Protease/NS5A Inhibitor Combinations; NS5A Inhibitors; Nucleotide Polymerase Inhibitors; Nucleoside Analogue Antivirals; Thrombopoiesis Stimulating Agents
2) By Route Of Administration: Oral; Injection
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
4) By Application: Hepatitis A; Hepatitis B; Hepatitis C; Hepatitis D; Hepatitis E
Key Topics Covered:
1. Executive Summary
2. Hepatitis Drugs Market Characteristics
3. Hepatitis Drugs Market Trends And Strategies
4. Impact Of COVID-19 On Hepatitis Drugs
5. Hepatitis Drugs Market Size And Growth
6. Hepatitis Drugs Market Segmentation
7. Hepatitis Drugs Market Regional And Country Analysis
8. Asia-Pacific Hepatitis Drugs Market
9. China Hepatitis Drugs Market
10. India Hepatitis Drugs Market
11. Japan Hepatitis Drugs Market
12. Australia Hepatitis Drugs Market
13. Indonesia Hepatitis Drugs Market
14. South Korea Hepatitis Drugs Market
15. Western Europe Hepatitis Drugs Market
16. UK Hepatitis Drugs Market
17. Germany Hepatitis Drugs Market
18. France Hepatitis Drugs Market
19. Eastern Europe Hepatitis Drugs Market
20. Russia Hepatitis Drugs Market
21. North America Hepatitis Drugs Market
22. USA Hepatitis Drugs Market
23. South America Hepatitis Drugs Market
24. Brazil Hepatitis Drugs Market
25. Middle East Hepatitis Drugs Market
26. Africa Hepatitis Drugs Market
27. Hepatitis Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hepatitis Drugs Market
29. Hepatitis Drugs Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
Gilead Sciences Inc.
F Hoffmann-La Roche Ltd.
Johnson & Johnson
Merck & Co. Inc.
GlaxoSmithKline PLC
For more information about this report visit https://www.researchandmarkets.com/r/b6e69s
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