Global Hepatitis Drugs market – Drivers, Opportunities, Trends, & Forecasts 2017 – 2023
Hepatitis is caused due to inflammation of liver. Hepatitis can be classified on the basis of causative agents such as viral or non-viral and acute or chronic. Non-viral hepatitis can be caused by numerous factors such as chemicals, drugs, alcohol, inherited diseases, and autoimmune diseases. There are six different types of viral hepatitis (A, B, C, D, E, and G) which are identified.
The study of the Global Hepatitis Drugs market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also covers the competitive scenario of the market with respect to the raw material availability, major players with their branding strategies and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
The Global Hepatitis Drugs market is witnessing continuous developments and innovations and is expected to continue significant growth in the coming years. The Americas generates the highest revenue in the Global Hepatitis Drugs market and it is followed by the Europe, Middle East, and Africa (EMEA) region. There is a vast opportunity for the market to grow significantly in certain countries in the Asia Pacific (APAC) region such as Japan, India, and China. China and India has the first and second largest population base in the world and has the highest number of chronic disease patients, thereby increasing the demand for healthcare facilities and hepatitis drugs. Moreover, the market in developing countries is expected to grow faster, which may lead to an increase in sales of new hepatitis drugs. However, stringent regulatory reforms are hindering the growth of the market. Hepatitis C is the largest segment in this industry. The Global Hepatitis Drugs market is expected to grow at a CAGR of 27 percent during the period 2016–2012 to generate $21 billion by 2022. Few of the prominent players in the market are Bristol-Myers Squibb Co., Gilead Sciences Inc., GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, and Johnson & Johnson.
Industry Outlook: Market Trends and Drivers, Restraints, and Opportunities
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