Hydroxychloroquine Market Worth to Outgrow by USD 3963.5 MN BY 2026
Posted On April 15, 2020
The Global Hydroxychloroquine Market revenue is valued closely at USD 485 MN in 2019 and is anticipated to grow at USD 3963.5 MN by 2026 with a CAGR of 35% during the year 2020-2026 as per the report published by Value Market Research. The Hydroxychloroquine market is evaluated to prosper at an appalling rate on account of the expanding use of the medication in treating various ailments especially the novel coronavirus disease. Even though the potency of hydroxychloroquine as a cure for COVID-19 is yet to be proven clinically, it has been identified helpful in improving respiratory problems and other early symptoms of the novel coronavirus. Furthermore, this drug is generic which makes it potentially scalable and affordable for the treatment of several other diseases. However, several ill-effects, like hair loss, loss of appetite, headache, and more related to the use of this drug may inhibit the market growth.
Hydroxychloroquine sold under the brand name of Plaquenil is classified as an antimalarial drug. Further use involves the treatment of rheumatoid arthritis, Q fever, and lupus. Both oral and intravenous routes of administration are used for this drug type. And the drug is available in two forms, tablets and injections. Despite inconclusive studies on its effectiveness, this drug type has come to focus as a preventive measure for COVID-19 in several countries. Furthermore, the drug is generic, therefore potentially affordable and scalable for the treatment of various diseases.
The elaborate study "Global Hydroxychloroquine Market Report By Disease Indication (Malaria, Coronavirus disease (COVID 19), Lupus Erythematosus And Rheumatoid Arthritis), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies And Online Pharmacies) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" poses a refreshing view of the market taking into consideration all the aspects affecting the market. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.
On the basis of disease indication the hydroxychloroquine market is divided into malaria, coronavirus disease (COVID 19), lupus erythematosus and rheumatoid arthritis. By distribution channel the hydroxychloroquine market is divided into hospital pharmacies, retail pharmacies and online pharmacies.
The regions - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are deeply studied with respect to all the hydroxychloroquine market segments covered in the report. The regional research assists in taking informed decision related to the regional strategic plans.
The Report Segments Global Hydroxychloroquine Market -
By Disease Indication
- Coronavirus disease (COVID 19)
- Lupus Erythematosus
- Rheumatoid Arthritis
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Sanofi S.A., Amneal Pharmaceuticals, Inc., Laurus Labs Limited, Zydus Pharmaceuticals, Inc., Prasco Laboratories, Dr. Reddy's Laboratories, Cadila Pharmaceuticals, Novartis International AG, Concordia Pharmaceuticals Inc., Covis Pharmaceuticals, Inc., Cardinal Health, AphenaPharma Solutions Tennessee, Inc., Mylan N.V., McKesson Corporation, Teva Pharmaceutical Industries Ltd, Lupin Pharmaceutical, and Sun Pharmaceutical Industries Ltd.
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