Hepatitis Drugs Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

 


The global Hepatitis Drugs Market is projected to witness CAGR of 3.2% throughout the forecast period (2019 – 2027), owing to increasing number of regulatory approvals of hepatitis drugs. For example, in 2017 Gilead Sciences, Inc. announced that the European Commission had granted marketing authorization for Vemlidy (tenofovir alafenamide) for the treatment of chronic hepatitis B virus (HBV) infection in adults and adolescents (aged 12 years and older).


The Hepatitis Drugs Market size is expected to witness remarkable growth on the forecast period owing to increasing prevalence of hepatitis. For example, according to the World Health Organization (WHO), in 2017, around 71 million people were infected by chronic hepatitis C worldwide. Furthermore, WHO considers Middle East and Europe to be probably the most affected regions with the prevalence rate of 2.3% and 1.5% respectively. Moreover, in 2016, according to the Centers for Disease Control and Prevention, around 2.7 to 3.9 million people in the U.S. have problems with hepatitis C.


Besides, the Hepatitis Drugs Market is expected to foresee the launch of generic versions of existing brands. For example, in 2018 Gilead Sciences launched generic versions of Harvoni and Epclusa, products approved for the treatment of Hepatitis C.


Various companies are emphasizing research and development to expand their portfolio of hepatitis drug treatments which will be expected to drive the hepatitis drug market growth. For example, in April 2019, The US FDA approved Mavyret (glecaprevir and pibrentasvir) tablets for the treatment of all six genotypes of hepatitis C virus (HCV) in children ages 12 to 17. Mavyret had been approved to treat the HCV adults in 2017.


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