Hepatitis B Treatment Market Analysis, Industry Growth, Demand Overview and Global Forecast to 2024
Market Highlights:
The
global Hepatitis B Treatment Market
is expected to grow at an approximate CAGR of 5.3% during the
forecast period, 2018–2024.
Hepatitis B is a viral infection caused by a hepatitis B virus. This infection lasts for a longer period and can cause many other complications, such as scarring in the liver, liver cancer or liver failure. The person suffering from hepatitis B faces various symptoms such as fever, fatigue, nausea, and muscle aches. The other symptoms include jaundice, swelling in the legs, poor appetite, drowsiness and many more. The key factors contributing the market growth are growing geriatric population, increasing the prevalence of viral infection and growing sexually transmitted diseases among the population contribute to driving the market growth. The World Hepatitis Alliance (WHA), 2017 reported that 52 million children across the world are living with viral hepatitis. Such a huge population suffering from Hepatitis boosts the market growth.
However, the factor such as the side effects or complication caused due to treatment may hamper the market growth.
Hepatitis B is a viral infection caused by a hepatitis B virus. This infection lasts for a longer period and can cause many other complications, such as scarring in the liver, liver cancer or liver failure. The person suffering from hepatitis B faces various symptoms such as fever, fatigue, nausea, and muscle aches. The other symptoms include jaundice, swelling in the legs, poor appetite, drowsiness and many more. The key factors contributing the market growth are growing geriatric population, increasing the prevalence of viral infection and growing sexually transmitted diseases among the population contribute to driving the market growth. The World Hepatitis Alliance (WHA), 2017 reported that 52 million children across the world are living with viral hepatitis. Such a huge population suffering from Hepatitis boosts the market growth.
However, the factor such as the side effects or complication caused due to treatment may hamper the market growth.
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Key
Players:
·
Accord Healthcare Inc
·
Apotex Corp
·
Arbutus Biopharma
·
Arrowhead Pharma
·
Aurobindo Pharma Limited
·
Bristol-Myers Squibb Company
·
Gilead Sciences
·
GlaxoSmithKline
·
Lupin Pharmaceuticals
·
Merck & Co
Segmentation:
·
The global hepatitis B treatment market is
segmented on the basis of type, treatment, distribution channel, and
region.
·
Based on type, the market is segmented into
acute and chronic.
·
On the basis of treatment, the global
hepatitis B treatment market is segmented into immune modulator drugs,
antiviral drugs, vaccine, and surgery (liver transplant). The immune
modulator drugs are further sub-segmented into pegylated interferon and
interferon alpha. The antiviral drugs are sub-segmented into tenofovir
disoproxil, entecavir, telbivudine, lamivudine, and others.
·
By distribution channel, the market is
segmented into hospital & retail pharmacies and online pharmacies.
Regional
Analysis:
The
Americas dominates the global market for hepatitis B treatment. Factors such as
the presence of a large number of healthcare companies, increasing geriatric
population and high healthcare expenditure among the population within the
Americas drives the market. The
National Vaccine Information Center reported 3,370 cases of hepatitis B were
reported in the US in 2015.
Following similar trends,
Europe stood second in the global hepatitis B treatment market. The increased
prevalence of viral diseases and growing healthcare expenditure in this region
boost market growth. Also, the presence of developed economies, increasing
healthcare facilities, and rising government funding for healthcare boost
market growth. Asia Pacific was the fastest growing region for the global
hepatitis B treatment market in 2017. This can be attributed due to the
increasing incidences of HIV infection and rising demand for the treatment of
viral infection among the population boosts market growth.
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