Hydroxychloroquine Market - By Type (USP Standards Grade, Pharmaceutical Standards Grade, EP Standards Grade, and Others), By Application (Rheumatoid Arthritis, Skin Lesions, Systemic Lupus Erythematosus, Chronic Discoid Lupus Erythematosus, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Global Hydroxychloroquine market value was estimated at 542 (USD Million) in 2019 and is projected to hit 5,000 (USD Million) by 2025 growing at a CAGR of over 33% during the period from 2019 to 2025.

15-Apr-2020 | Number of pages: 110 | Report Code: ZMR-5346 | Report Format : | Status : Published

Abstract

The global Hydroxychloroquine market value was estimated at 542 (USD Million) in 2019 and is projected to hit 5,000 (USD Million) by 2025 growing at a CAGR of over 33% during the period from 2019 to 2025. The report offers valuation and analysis of the Hydroxychloroquine market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Introduction

Hydroxychloroquine also referred as Hydroxychloroquine phosphate is the drug that is used for treating malaria and certain auto-immune disorders including lupus & rheumatoid arthritis. Moreover, the medicine is the part of disease modifying anti-rheumatic drugs. It has the ability for alleviating skin problems in lupus and avoiding pain or swelling caused due to arthritis. However, the drug is not approved by the U.S. FDA to treat coronavirus.

Hydroxychloroquine Market

Furthermore, Hydroxychloroquine is recently studied as the best possible drug for treating COVID-19. The generic form of the drug is also available and it can also be taken orally. The medicine can also be utilized as a part of combination therapy.  Its medical application was approved in the U.S. during 1955 to treat many chronic diseases.

Details of the Report:

Report Metric

Details

Base Year

2018

Historical Data

2016 and 2017

Forecast period

2019-2025

Market Representation

Earnings provided in terms of USD Million and CAGR estimated from 2019 to 2025

Segments Analyzed

By Type, By Application, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Market Growth Dynamics

According to NIH, Hydroxychloroquine is used for treating malaria as well as rheumatoid conditions. Various studies conducted by NIH concluded that the medicine displayed anti-viral features and the capability to alter immune system activities along with establishing of safe profile at apt dosages. This, in turn, is likely to enhance the drug potential and its effectiveness in treating novel coronavirus.

Moreover, Hydroxychloroquine is found to have less side effects and low toxicity even if overdosed. Apparently, developed nations has good supply of the drug due to huge presence of the drug manufacturers in these nations.  Reportedly, when the combination of Hydroxychloroquine and azithromycin drug treatment was given to nearly 40 COVID -19 patients in France, it helped in clearing the virus from their bodies and this was concluded through the nasal swabs samples of the patients. For the record, the U.S. has been using it as a preventive medicine against COVID-19 recently.

Hospitals in the U.S. are storing the drug after the U.S. president termed the drug as the game-changer in treating of coronavirus. Even some countries of Europe along with China and South Korea have recommended the use of the drug for treating COVID-19 patients. Moreover, the drug has been advocated in countries like India as a measure to prevent the coronavirus in people who have been in contact with COVID positive persons and those falling in high risk zone. All these aforementioned aspects are likely to favorably leverage the growth of the Hydroxychloroquine market over the forecast period.

Asia Pacific To Contribute Lucratively Towards Market Share By 2025

The growth of the Hydroxychloroquine market in the region can be attributed to India being the leading producer of the drug and China being the largest exporter of the raw materials for the drug production. Apart from this, it is cost-effective drug in India costing nearly lesser than rupees three per tablet.

According to Forbes, India produces 70% of the drug and had banned it in March 2020. However, U.S. President Trump requested for the supply of the drug from India as he considered it a game-changer in medicine history and treating coronavirus. For the record, the U.S. government has placed an order of 29 million doses of the drug to be imported from India. This resulted in the lifting of export ban by the country for India’s neighbors as well as the U.S. Apart from this, nearly 36 countries have demanded the drug and this included Italy, Spain, Australia, Germany, Israel, Indonesia and the U.S. These abovementioned factors will drive the business growth in Asia Pacific over the forthcoming years.

As per the authentic sources, India is expected to export the drugs to more than 20 countries including Mauritius, U.S., Canada, Seychelles, Brazil, UK, Bangladesh, Spain, Afghanistan, Germany, France, Bahrain, Australia, Nepal, Bhutan, Maldives, Dominican Republic, Israel, New Zealand and South Africa for helping these countries combat novel coronavirus effectively. This aspect will create lucrative growth avenues for the market in the Asia Pacific over the ensuing years.

Furthermore, presence of leading API manufacturers such as Mangalam Drugs, Laurus Labs, Abbott India, Rusan Pharma, Unichem Remedies, and Vijayasri Organics in India will contribute notably towards the market earnings in Asia Pacific region. The country also has the established presence of key drug manufacturers like IPCA, Laurus Labs, and Zydus Cadila.

Key players profiled in the report include Teva, Mylan, Novartis, Cadila Healthcare, Torrent Pharma, Shanghai Zhongxisanwei, BSE healthcare, Sandoz, HIKMA, IPCA Laboratories, Cipla Limited, Shanghai Pharma, Intas Pharmaceuticals, Lupin Limited, Shenhua Pharm, Sanofi, H-QYN, Macleod Pharmaceuticals, McW Healthcare, Laurus Labs, TAJ Pharma, Wuhan Wuyao Pharmaceutical, MAAN Medex, Cinkate, and Concordia Healthcare.

The global Hydroxychloroquine market is segmented as follows:

By Type

  • USP Standards Grade
  • Pharmaceutical Standards Grade
  • EP Standards Grade
  • Others

By Application

  • Rheumatoid Arthritis
  • Skin Lesions
  • Systemic Lupus Erythematosus
  • Chronic Discoid Lupus Erythematosus
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The key growth drivers that will influence the market expansion will be the anti-viral properties of the drug along with its low toxicity & lesser side effects

The CAGR of the market is expected to be nearly over 33% during the forecast period.

Asia Pacific region will influence the global market demand over the estimated timeline.

India is the leading producer of the drug with IPCA labs and Zydus Cadilla having high backward integrated manufacturing capacity.

The key market participants include Teva, Mylan, Novartis, Cadila Healthcare, Torrent Pharma Laurus Labs, TAJ Pharma, Wuhan Wuyao Pharmaceutical, MAAN Medex, Cinkate, and Concordia Healthcare.


Related Reports

Dexamethasone Market by Formulation type (liquid, Tablet, Solution for injection, Other), by Patient type (Adult, Pediatric, and Geriatric), by Application (Anti-inflammatory and immunosuppressant effects, Respiratory Distress Syndrome, COVID-19, and Others), and End user (Hospitals, Clinics, Pharmacy & Drug Stores, and Online Pharmacies) – Global Industry Perspective Comprehensive Analysis and Forecast, 2020-2026

Aug-2020 | Price : $ 4199.00 | Pages: 135 | Report Code: ZMR-5369 | Report Format:

The report covers forecast and analysis for the Dexamethasone market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Dexamethasone market alo...Read More

Over-the-Counter Drugs Market - By Product (Cough & Flu Products, Analgesics, Cold, Weight Loss Products, Mineral and Vitamin Supplements, Gastrointestinal Products, Ophthalmic Products, Skin Products, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5362 | Report Format:

The report covers forecast and analysis for the over-the-counter drugs market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the over-the-counte...Read More

Global Remdesivir Market - by Dosage (2.5mg, 5mg, 100mg, 200mg), by Patient (Adult, Pediatric, and Geriatric), by Application (Ebola, SARS-COV, MERS-COV, COVID-19), and End user (Hospitals, Clinics, Pharmacy & Drug Stores, and Online Pharmacies) – Global Industry Perspective Comprehensive Analysis and Forecast, 2020-2026

Aug-2020 | Price : $ 4199.00 | Pages: 135 | Report Code: ZMR-5358 | Report Format:

The report covers forecast and analysis for the Remdesivir market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Remdesivir market along wit...Read More

Immunity Booster Market - by Nature (Organic, Conventional), by Source (Plant-based, Animal-based, Other), by Form (Tablets, Capsules, Powder, Liquid), and Sales Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacy & Drug Stores, and Online Retail) – Global Industry Perspective Comprehensive Analysis and Forecast, 2020-2026

Aug-2020 | Price : $ 4199.00 | Pages: 135 | Report Code: ZMR-5357 | Report Format:

The report covers forecast and analysis for the Immunity booster market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Immunity booster mark...Read More

Hyperhidrosis Treatment Market: By Treatment Type (Botulinum Toxin A, Non-Surgical Microwave Energy Destruction of Sweat Glands, Iontophoresis, Topical Treatments, Surgical Treatments, and Others), By Type (Axillary Hyperhidrosis, Plantar Hyperhidrosis, Palmar Hyperhidrosis, and Others), and By End-User (Hospitals, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Jan-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5214 | Report Format:

The report includes Revenue forecast analysis of the hyperhidrosis treatment market on a global as well as regional level. It also offers historic data of 2016 and 2017 and provides a valuation of the industry surge during 2019-2025 in terms of USD Billion. Our study includes competitive strategi...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.