Global Hepatitis C Drugs Market | Press Release

According to the latest report by Renub Research, titled “Hepatitis C Drugs Market Global Forecast By Drugs, Distribution Channels, Regions, Company Analysis” Hepatitis C affects the liver of patient though viral infection caused by the hepatitis C virus. This often leads to cirrhosis which may develop complications just like liver failure, liver cancer, gastric varices and esophageal. This is a deadly disease as it doesn’t show any symptoms in the early stage. Symptoms like fever, abdominal pain, dark urine, poor appetite, headaches, nausea, vomiting, joint pain, clay colored stools, and yellow tinged skin are shown at the critical stage. Infection through HIV and people suffering from alcoholism are more prone to Hepatitis C disease. Global Hepatitis C Drugs Market is expected to be around US$ 5.9 Billion by 2025, according to Renub Research analysis.

Causes of this infection are unsterilized medical equipment, blood transfusion from infected mother to newborn baby and sharing needles. Countries like India, China and Brazil will be the major market as compared to the market in developed countries. The hepatitis C drugs market will also propel due to initiative taken by governments and NGOs around the world by raising awareness and educating people to challenge hepatitis C infection. The market for Hepatitis C drug is challenged by high drug cost and therapy along with the stringent regulatory norms are delaying advancements and arrivals of new products in the market, restraining its growth. Hepatitis C treatment requires oral injection and weekly dosage, the medicine used can lead to side effects which can damage other organs of patients permanently.

COVID-19 Impact on Hepatitis C Drug Market

Treatment of COVID-19 patients is the prime focus of healthcare facilities, and other patients are unable to get treated properly. Telehealth has become a trend during this period as most of the health experts are providing consultation through this system. Governments around the world are investing hugely in health systems to fight against COVID-19. These initiatives will be beneficial in the long term; after this pandemic, medical experts will focus on the development of vaccine and drugs for other diseases like Hepatitis C as well.

In the year 2019, numerous drugs were approved for the treatment of Hepatitis C disease. Mavyret was approved by USFDA for the treatment of all types of genotypes for Hepatitis C disease. Around 130 – 150 million people are infected due to this virus, around 700,000 people die from Hepatitis C related disease. Around 15% to 20% of infected people have liver cancer and liver cirrhosis, which is a greater concern in the treatment of this disease.

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Market Summary:

Drugs: This research report has covered the market and market share of Harvoni, Mavyret, Sovaldi, Zepatier, Viekira Pak, Epclusa, Vosevi, and other drugs. According to Renub Research analysis, Mavyret will lead the global hepatitis C market.

Distribution Channels: The market and market share of Retail Pharmacies, Hospital Pharmacies, and Online Pharmacy are given in this research report. Hospital Pharmacies are dominating the market for Hepatitis C drug as compared to other distribution channels according to Renub Research analysis.

Regions: This research report has covered the market and market share analysis for Europe, Latin America, Middle East & Africa, North America, and the Asia Pacific. According to Renub Research analysis, Europe and North America have significant market share than other regions.

Companies: This research report has covered Company Overview, Recent Development or Strategy, and Revenue analysis for Gilead Sciences, Bristol-Myers Squibb, Abbvie, Merck, and other companies.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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Hepatitis C Drugs Market Global Forecast By Distribution Channels – Renub Research

Hepatitis C is a viral infection that causes severe damage to the human body; it is an infection caused by a virus that damages the liver, which leads to inflammation. It spread through contaminated blood. The prevalence of hepatitis C infection among the global populace is escalating. This is mainly caused by sharing needles, unsterilized medical equipment, and a blood transfusion from infected mothers to newborn babies. As per Renub Research Analysis, the Global Hepatitis C drugs Market would be US$ 5.9 Billion by 2025.

In recent years, several drugs have been launched due to the high prevalence of Hepatitis C across the globe. Hepatitis C drug market is always developing, and competition is between new launches of fixed-dose combination led to a change in revenue of companies. The newly launched drug by AbbiVie i.e., Mavyret, has led to a downfall in the revenue of one of the market leader i.e. Gilead’s. Mavyret has several advantages compared to other drugs such as its treatment course is shorter, and it is much cheaper. Harvoni drugs are popular in India, and it’s easier affordable among the public.

Oral injections and dosages are required weekly in Hepatitis C; at the same time, its side effects can lead to permanent damage of other organs of patients. Around the globe, many clinical trials, as well as numerous successful drug clearances, give traction to this market. Apart from that, the rising number of regulatory approvals will further boost the market during the forecast time frame.

Hepatitis C drugs have witnessed numerous drug approvals likewise, in the year 2019, USFDA approves Mavyret for the treatment of pediatric hepatitis patients. For the treatment of all genotypes of Hepatitis C, Mavyret was the first treatment.

In the North American region, rising adoption of hepatitis C drugs will favor the surging of the market. The market share of Asia – Pacific’s and Latin American regions will grow during the forecast period.

Renub Research report titled “Hepatitis C Drugs Market Global Forecast By Drugs (Mavyret, Viekira Pak, Harvoni, Epclusa, Sovaldi, Vosevi, Zepatier, Others), Distribution Channels (Hospital Pharmacies, Retail Pharmacies, Online Pharmacy), Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Company Analysis (Abbvie, Gilead Sciences, Merck ,Bristol-Myers Squibb, Others)” provides a complete analysis Hepatitis C market globally.

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Mavyret is the leading drug in the global hepatitis C market

Complete analysis of 7 drugs Mavyret, Viekira Pak, Harvoni, Epclusa, Sovaldi, Vosevi, Zepatier, Others are given in the report. Mavyret is the leading drug in the global hepatitis C market.

Distribution Channel is dominated by Hospital Pharmacies in the Global Hepatitis C Drugs Market

Distribution channels like Hospital Pharmacies, Retail Pharmacies & Online Pharmacy are covered in this research report. Hospital Pharmacies is the leading distribution channel in the global hepatitis C drug market.

North America and Europe are the top two leading regions in the Global Hepatitis C Drugs Market

The report studies the hepatitis C drug market of the following regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are the top two leading regions in the global hepatitis C drug market.

All the companies have been studied from two points

• Recent Developments
• Sales Analysis

By Company – Global Hepatitis C Drugs Market

• Abbvie
• Gilead Sciences, Inc.
• Merck & Co. Inc.
• Bristol-Myers Squibb
• Others

By Regions – Global Hepatitis C Drugs Market

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

By Drugs – Global Hepatitis C Drugs Market

• Mavyret
• Viekira Pak
• Harvoni
• Epclusa
• Sovaldi
• Vosevi
• Zepatier
• Others

By Distribution Channels – Global Hepatitis C Drugs Market

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacy

About Us:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us

Renub Research
Phone: +1-678-302-0700
Email: info@renub.com
Website: www.renub.com
Follow us on LinkedIn: www.linkedin.com/company/renub-research