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Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Hepatitis C is a viral infection that causes inflammation of the liver, which can lead to severe liver damage. Infections caused by the blood-borne virus hepatitis C virus (HCV) are spread through contaminated blood. There is improvement in the management of patients suffering from HCA infections and the patients can be easily treated with the use of oral medication. This treatment will last for two to six months, depending on the patient’s improvement and the recommendations of the healthcare provider. Hepatitis C is one of the main causes of liver cancer.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size available for years |  2020-2030 |
 Base year considered |  2020 |
 Forecast Period |  2021-2030 |
 Forecast Unit |  Value(USD) |
 Segments Covered | Product Type, Drug Class, Distribution Channel, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, and LAMEA |
 Companies Covered | Merck & Co., Genentech, Merck, Vertex, Janssen and Medivir AB, F. Hoffmann-La Roche, Bristol Myers Squibb, AbbVie, Gilead Sciences. |
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COVID-19 Impact Analysis            Â
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the HCV direct acting antiviral market.
Top Impacting Factors
Market Trends
New Product Launches to Flourish the Market
In 2020, Gilead announced launch of Hepatitis C antiviral VOSEVI drug in China. This drug is a direct acting antiviral drug which can be used in treatment of mild to severe hepatitis C infection.
In 2019, AbbVie announced approval of U.S. Food and Drug Administration for launch of Mavyret medication. This product is an antiviral drug which can be used in treatment of all type of genetoypes of Hepatitis C in pediatric patients.
Key Segments
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Key Benefits of the Report
Questions Answered in the HCV Direct Acting Antiviral Market Report   Â
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Key Market Players
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