The Infinium Global Research analyzes the Hydroxychloroquine Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global hydroxychloroquine market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of hydroxychloroquine. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the hydroxychloroquine market during the period.
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According to a number of studies, Hydroxychloroquine has shown strong antiviral effects on the coronavirus infection. Early clinical trial conducted in COVID-19 Chinese patients, showed that hydroxychloroquine had a significant effect, both in terms of clinical outcome and viral clearance. Moreover, it was one of the first potential agents to illustrate the ability to slow the SARS-CoV-2, the novel coronavirus, in a laboratory. This has prompted an increase in demand for the Hydroxychloroquine in the global markets for the treatment of COVID-19.
Furthermore, as the number of patients affected by the COVID-19 pandemic is increasing globally, the demand for hydroxychloroquine is also expected to increase exponentially. In addition, in certain developing countries, malaria is on the rise, which will further increase the demand for Hydroxychloroquine over the future years. However, the continuous intake of Hydroxychloroquine causes side effects such as heart rhythm problems which is likely to have a negative impact on the Hydroxychloroquine market. Nonetheless, the ongoing clinical trials for the use of Hydroxychloroquine in infectious, immune, neo-plastic, and neurological diseases will generate new opportunities for the market growth.
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North America will Dominate the Global Market over the Forecast Years Owing to the Rising Use of the Drug For Covid-19 Treatment
Among the regions, North America will dominate the global market over the forecast years owing to the rising use of the drug for COVID-19 treatment. The U.S. is the world’s most affected country by coronavirus currently, by the number of cases, which has increased the demand for the drugs in the North America region. In recent times, India, the major producer of Hydroxychloroquine has exported 35.82 lakh tablets of the drug to the US along with nine metric tons of active pharmaceutical ingredient or API required in the manufacturing of the drug.
However, Europe will hold the second-largest share as seven European countries are among the ten most affected countries with coronavirus. Furthermore, as more European countries are witnessing a surge in cases, the usage of Hydroxychloroquine is expected to intensify in Europe over 2020. Moreover, in the long term, the developing regions will emerge as the predominant users of Hydroxychloroquine due to the increasing cases of malaria in such countries
Hydroxychloroquine Market: Segmentation
The report on global hydroxychloroquine market covers segments such as route of administration, strength, and application. On the basis of route of administration, the sub-markets include oral, and intravenous. On the basis of strength, the sub-markets include 100 mg, 250 mg, and 500 mg. On the basis of application, the sub-markets include rheumatoid arthritis, malaria, covid-19, and others.
Hydroxychloroquine Market: Competitive Landscape
The report provides profiles of the companies in the market such as Ipca Laboratories Ltd, Zydus Cadila, Novartis AG, Teva Pharmaceutical Industries Ltd., Bayer AG, Rising Pharma Holdings Inc, Abcam plc, Mylan N.V., Abbott Laboratories, and Others.
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