Sarasota, FL, April 05, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hepatitis C Drug Market for Hospitals, Private labs, Physician offices, Public health labs and Blood banks - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global Hepatitis C drug market accounted for around USD 13.50 billion in 2016 and is expected to reach approximately USD 33.50 by 2022, growing at a CAGR of around 16.0% between 2017 and 2022.
Hepatitis C virus is a small (55 to 65 nm), spherical, enveloped, hepatotropic RNA virus that causes acute and chronic hepatitis in humans. Persistent virus infection with HCV often leads to cirrhosis and hepatocellular carcinoma (HCC). The WHO estimates that a minimum of 3 percent of the world’s population is chronically infected with HCV. HCV is most commonly spread by direct contact with infected blood and blood products. Availability of injectable therapies and drugs has had a remarkable influence on HCV epidemiology. The incubation period of HCV, though ranging up to several months, averages 6-8 weeks.
Browse through 13 Market Tables and 27 Figures spread through 110 Pages and in-depth TOC on “Global Hepatitis C Drug Market Size, Share, Analysis and Forecast 2016 – 2022”.
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The global hepatitis C drug market was expected to witness growth over the forecast period due to increase in the prevalence of HCV across the globe. Moreover, lack of awareness is considered as a major governing factor which promotes the demand of hepatitis C drug market. Furthermore, many lifestyle-related factors, such as having multiple sex partners, unsafe sex and transferring of body fluid, are estimated to drive the hepatitis C drug market. However, lack of awareness and information about HCV, treatment cost, and threat-related to regulation and development of drug may hamper hepatitis C drug market. Nonetheless, new efficient therapies are expected to like to bring growth avenues in hepatitis C market nearby future.
On the basis of end-users, hepatitis C drug market is segmented into five types: hospitals, private labs, physician offices, public health labs and blood banks. These segments are the key end-users of hepatitis C drug market. In terms of revenue, hospitals were the leading end-user in 2016 and the same is expected to be the largest and fastest growing segment during the forecast period. This growth is attributed due to rising number of hospitals and growing hospital investments across the globe. In addition, growing number of patient is also a key driving factor for the growth of hepatitis C drug market.
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North America is expected to witness the highest growth during the forecast period owing to the favorable healthcare infrastructure, high awareness levels, and favorable government initiatives in the U.S. on HCV infection. North America has been the leading regional consumer market for the hepatitis C drug market in 2016. However, stringent government regulation and delay in the approvals by regulatory authorities can curb the growth and demand for hepatitis C drug market. In addition, high literacy rate coupled with the increasing number of the health care center are likely to drive the growth of hepatitis C drug market.
Europe is the second-largest region in terms of hepatitis C drug market revenue generation. Unprotected sex and multiple sex partners are considered as some of the major driving factors for the growth of hepatitis C drug market in Europe. This region is expected to witness the continuous growth on account of rising healthcare expenditure in France, Germany and other European countries with the continuous rise in HCV-infected population.
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Asia Pacific is expected to be the fastest regional segment for the hepatitis C drug market in 2016. This growth is attributed due to the rapid spread of hepatitis C infection in this region. According to the World Health Organization, 3% of total world population is suffering from hepatitis C virus due to transferring of infected body fluid and unprotected sex. In addition, growing number of medical sector and literacy rate in developing counties like China and India is likely to bring growth avenues in hepatitis C drug market.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global hepatitis C drug market including Merck & Co, Kenilworth, Roche, Basel GlaxoSmith, Gilead Sciences, AbbVie, Johnson & Johnson and Bristol-Myers Squibb.
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This report segments the global Hepatitis C drug market as follows:
Global Hepatitis C Drug Market: End-User Analysis
- Hospitals
- Private labs
- Physician offices
- Public health labs
- Blood Bank
Global Hepatitis C Drug Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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