Persistence Market Research is released upcoming report on title "Hepatitis C Treatment Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 03/12/2015 -- Hepatitis C is as infectious disease that is caused by hepatitis C virus (HCV). The infection primarily affects liver and is commonly asymptomatic in nature. However, in some chronic cases it leads to scarring of liver and cirrhosis. People suffering from hepatitis C infection may even suffer from liver cancer, liver failure, esophageal or gastric varices. Hepatitis C infection primarily spreads through blood to blood contact. For instance, using poorly sterilized medical equipment and unchecked blood transfusion may lead to hepatitis C infection. In addition, intravenous drug use, sexual intercourse, body modification such as tattooing and sharing personal things such as razors and toothbrushes may lead to transmission of hepatitis C infection. Various types of hepatitis C treatments are available in the market, such as medication, surgery and alternative medicines. The global market for hepatitis C treatment is growing at a significant rate due to increasing number of cases with hepatitis C infection. In addition, growing population and growing awareness for improved healthcare facilities is increasing the global market for hepatitis C treatment.
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North America dominates the global hepatitis C treatment market due to increasing prevalence of hepatitis C infection cases and improved healthcare facilities in the region. In addition, government initiatives and more awareness among the people are some of the major factors driving the hepatitis C treatment market. Asia, followed by Europe, is expected to experience high growth rate in the next few years in hepatitis C treatment market. China and India are expected to be the fastest growing hepatitis C treatment markets in Asian region. This is due to large investment by various major companies in these countries. Some of the key driving forces for hepatitis C treatment market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
One of the major factors driving the global hepatitis C treatment market includes increasing number of hepatitis C infection cases. In addition, increasing awareness about the treatment of disease and government initiatives in the field are driving the global hepatitis C treatment market. However, some of the factors such as high cost and people willing to stick to conservative methods are restraining the global hepatitis C treatment market.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for global hepatitis C treatment market. In addition, growing awareness and innovation of some new type of medications with better efficiency are expected to offer good opportunity for global hepatitis C treatment market. Side effects associated with the use of medications for hepatitis C infection are some of the major challenges faced by global pediatric interventional cardiology devices market. One of the latest trends that have been observed in global hepatitis C treatment market includes companies involved in mergers and acquisitions. In addition, it has been observed that companies are involved in R&D and product launches of more efficient products, for instance, interferon-free therapies. Some of the major companies involved in global hepatitis C treatment market are F. Hoffmann-La Roche, Gilead Sciences, Johnson & Johnson, Merck and Vertex Pharmaceuticals. Some other companies dealing having significant presence in the global hepatitis C treatment market are Novartis, Abbvie, Achillion Pharmaceuticals, Bristol-Myers Squibb and Mitsubishi Tanabe Pharma.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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