Hepatitis Therapeutics Market Is Predicted To Grow Quickly Due To Rising Number Of Infected Population Till 2025: Grand View Research, Inc.
The global hepatitis therapeutics market is
expected to reach USD 25.8 billion by 2025 according to a new report by Grand
View Research, Inc. The key factors driving market growth include the rising
number of infected population, growing consumption of alcohol & drugs,
increase in global geriatric population, and improvement in access to hepatitis
medicines.
Hepatitis is generally classified
into two types based on the duration for which the patient suffers. If the
condition lasts for less than six months, then it is classified as acute, when
the condition persists for more than six months, then it is a case of chronic
hepatitis.The population at a greater risk of hepatitis include people with HIV
infection & HCV-infected sexual partners, who inject drugs & use
intranasal drugs, recipients of infected blood products, and other population
groups who live in unhygienic conditions.
According to the WHO, globally
around 400 million people are infected with at least one form of hepatitis and
every year nearly 1.4 people die due to the condition. Various government and
private agencies are actively involved in the vaccination drive to prevent
hepatitis. Hepatitis C leads to more serious complications compared to
hepatitis A and B. As per WHO estimates, nearly 150 million are impacted by
hepatitis C infection globally. Moreover, a significant number of hepatitis C
patients develop liver cancer or liver cirrhosis and nearly 700,000 people die
due to hepatitis C infection & associated conditions.
Browse full research report on Hepatitis Therapeutics
Market: http://www.grandviewresearch.com/industry-analysis/hepatitis-therapeutics-market
Further Key Findings From
the Report Suggest:
- Due to very high prevalence of target disease coupled
with subsequent increase in the treatment rate Hepatitis C accounted for
the majority market share of 75.6% in 2016
- In 2016, North America held the largest share of
nearly 42.9%. The key factors attributed to the regions high share include
high patient awareness levels and the presence of advanced healthcare
infrastructure.
- Asia Pacific is anticipated to witness the maximum
growth with a CAGR of 5.8% over the forecast period. High economic
development coupled with rapidly increasing healthcare expenditure are
amongst key factors attributing to the regions high growth rate.
- Key players include Gilead, Merck & Co. Inc.,
Johnson & Johnson, Bristol-Myers Squibb Company, and AbbVie Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the global hepatitis
therapeutics market on the disease type, and region:
Hepatitis Therapeutics Disease Type Outlook
(Revenue, USD Million, 2014 - 2025)
- Hepatitis
A
- Hepatitis
B
- Hepatitis
C
- Others
Hepatitis Therapeutics Regional Outlook (Revenue,
USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-hepatitis-therapeutics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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