Hydroxychloroquine Market Forecast
Global Hydroxychloroquine Market is expected to account for USD 3,784.43 Million by 2027 and projected to register a CAGR of 28% during the forecast period, 2020–2027
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The hydroxychloroquine drug is used in the treatment of malaria. Apart from malaria, it is also used for the treatment of rheumatoid arthritis, lupus erythematosus, and recently discovered COVID-19 disease. Hydroxychloroquine is more preferable than chloroquine as it has fewer side effects.
The market has divided into regions like the Americas, Europe, Asia-Pacific, the Middle East, & Africa. America is further segmented into North America and Latin America. America does not produce anti-malarial drugs, as there is no prevalence of malaria. The outbreak of COVID-19 has increased demand. North America is predicted to be one of the largest markets for hydroxychloroquine in the coming years. The European hydroxychloroquine market has been categorized as western Europe and eastern Europe. Western Europe further classified as Germany, France, the UK, Italy, Spain, and the rest of western Europe. Asia-Pacific is classified as China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. India is the largest manufacturer of antimalarial drugs. The hydroxychloroquine market in the Middle East & Africa is categorized into the Middle East and Africa
The hydroxychloroquine market has been segmented by strength and application
Based on the strength, the hydroxychloroquine market has been segmented into 200mg, 400mg, and others. Among them, 200mg is commonly used to cure arthritis as well as for malaria and recently for COVID-19. 400 mg dosage is commonly used for the treatment of Malaria, Lupus Erythematosus, and Rheumatoid Arthritis once a week for the adults. In addition, the increasing usage of hydroxychloroquine for COVID-19 treatment is driving the growth of the market.
Some of the key players in hydroxychloroquine market are Zydus Cadila (India), Ipca laboratories (India), Sanofi S.A. (France), Hikma Pharmaceuticals (UK), Novartis International AG (Switzerland), Teva Pharmaceutical, Industries Ltd (Israel), Apotex Corporation (Canada), Mylan N.V. (US), Concordia Healthcare (UK), Amneal Pharmaceuticals, Inc. (US), Taj Pharmaceuticals (India), Sun Pharmaceutical Industries Ltd. (India), Shanghai Pharmaceuticals Holding (China), Hanlim Pharmaceutical (South Korea), Kyung Poong (South Korea), Laurus Labs Limited (India), Covis Pharmaceuticals, Inc. (Switzerland), Lupin Pharmaceutical (India)
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