The global hydroxychloroquine market is expected to grow from $718 million in 2019 to $980.1 million in 2020 at a rate of 36.5%. The growth is mainly attributed to the COVID-19 outbreak and the urgent need to treat the growing number of cases. With no effective therapeutics discovered so far, some of the existing drugs, including hydroxychloroquine, have been repurposed for COVID-19 infection treatment. Hydroxychloroquine is found to be effective against coronavirus in laboratory studies and in-vivo studies. The market is then expected to stabilize and reach $1,281.3 million in 2023 at a rate of 9.3%.
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The hydroxychloroquine market consists of revenue generated by establishments through the sales of hydroxychloroquine drugs. It is an antimalarial drug used for the treatment of malaria, systemic lupus erythematosus (SLE), and rheumatoid arthritis. Hydroxychloroquine is used in combination with antibiotic azithromycin as a potential treatment for COVID-19.
Global Hydroxychloroquine Market Segmentation –
The hydroxychloroquine market covered in this report is segmented
1) By Drug Activity: Anti-Malarial, Anti-Rheumatic, Lupus Suppressant, Anti COVID19, Others
2) By Formulation: Tablets, Injection
3) By Application: Malaria, Rheumatoid Arthritis, Lupus Erythematosus, COVID-19, Others
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Specialty Drug Stores, Retail Pharmacy
Global Hydroxychloroquine Market Driver –
The increasing number of coronavirus cases has increased the demand for hydroxychloroquine in 2020. The demand for hydroxychloroquine is growing, which is attributed to its use in the treatment of COVID-19 patients and in the ongoing clinical trials. The US Food and Drug Administration has authorized emergency use of hydroxychloroquine for the treatment of COVID-19 patients in the hospital or enrolled by clinical trials. Major players operating in the market are undertaking various strategic initiatives such as increasing production capacity and the expansion of manufacturing plants to meet the augmented global demand.
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Few Points From The Global Hydroxychloroquine Market TOC
1. Executive Summary
2. Hydroxychloroquine Market Characteristics
3. Hydroxychloroquine Market Size And Growth
3.1. Global Hydroxychloroquine Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Hydroxychloroquine Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Hydroxychloroquine Market Segmentation
4.1. Global Hydroxychloroquine Market, Segmentation By Drug Activity, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Anti-Malarial Drug
Anti-Rheumatic Drug
Lupus Suppressant Drug
Anti COVID19 Drug
Others
4.2. Global Hydroxychloroquine Market, Segmentation By Formulation, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Tablets
Injection
4.3. Global Hydroxychloroquine Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Malaria
Rheumatoid arthritis
Lupus Erythematosus
COVID-19
Others
4.4. Global Hydroxychloroquine Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Hospital pharmacy
Online pharmacy
Specialty drug stores
Retail pharmacy
5. Hydroxychloroquine Market Regional And Country Analysis
5.1. Global Hydroxychloroquine Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Hydroxychloroquine Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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