According to Market Research Future (MRFR), the global Hepatitis B treatment market is expected to grow moderately by 2024. In its recently published analysis, MRFR also asserts that the market would register a CAGR of approximately 5.3% throughout the assessment period (2018 -2024). The market has been witnessing several clinical trials for testing new treatments, interventions, and tests to prevent, detect, treat, or manage the condition.

The global Hepatitis B treatment market is growing rapidly, majorly due to the increasing prevalence of this condition. At the same time, there are several novel treatments available in the market which are increasing the size of the market, providing quality care. The emergence of many new, effective anti-viral medications is commutatively escalating the market on the global platform, offering better outcomes, lesser side-effects, and shorter treatment times.

Many on-going research to fully understand and treat the disease are achieving significant progress, which further defines the growing landscape of the Hepatitis B treatment market. Besides, increasing population and urbanization alongside, spreading awareness about the availability of treatments are contributing to the growth of the market. The rapidly improving global economy provide impetus to the market growth, enabling access to the quality life improved healthcare.

Hepatitis B Treatment Market - Regional Analysis

North America leads the Hepatitis B treatment market with a significant market share. Attributing to the favorable reimbursement scenario and higher expenditure on healthcare, the market is expected to grow phenomenally over the forecast period. The market is expected to perceive healthy growth. Another important driver for regional market growth is the rapid uptake of new technologies in the US. Moreover, high healthcare expenditure boosts the growth in the regional market, increasing access to the quality care and best treatments for viral infection.

The Hepatitis B treatment market in the European region takes the second lead, globally. According to the World Health Organization, hepatitis B and C affect a large number of Europeans, taking away lives of 1.5 million people each year. Rising cases of acute hepatitis B and viral infection among the population along, the presence of advanced medical facilities drive the regional market growth. The resurging economy in Europe is certainly supporting the regional market growth, increasing the per capita healthcare expenditures and access to quality healthcare.  

Asia Pacific Hepatitis B treatment market is brisk, which is growing at a phenomenal CAGR. A rapidly growing medical diagnostic sector alongside, the growing prevalence of bacterial infection and a large patient population suffering from HIV infection support regional market growth. India and China backed by the vast population, and the availability of low-cost drugs for the treatment lead the regional market.

Hepatitis B Treatment Market   - Competitive Analysis

Highly competitive, the Hepatitis B treatment market appears to be fragmented with many large and small players operating in the market. These players incorporate strategic initiatives, such as acquisitions mergers, collaboration, expansion, and technology launch to gain a competitive advantage in the market. They also invest substantially in RD and clinical trials to develop effective drugs.

Major Players:

Players leading the global hepatitis B treatment market include Apotex Corp., Accord Healthcare Inc., Arbutus Biopharma, Aurobindo Pharma Limited, Arrowhead Pharma, Bristol-Myers Squibb Company, GlaxoSmithKline, Gilead Sciences, Inc., Lupin Pharmaceuticals, Inc., Par Pharmaceutical, Inc., Merck Co., Inc., Teva Pharmaceuticals, and Zydus Pharmaceuticals, among others.