Hydroxychloroquine Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Disease (Malaria, Rheumatoid Arthritis, Covid-19, and Others); Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy); and Region/Country

Detailed Analysis of COVID-19 Impact on the Hydroxychloroquine Market

Pages:

125

Table:

38

Figure:

104

Report ID:

UMCH211107

Geography:

Clear
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Report Description
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Research Methodology

Report Description

Hydroxychloroquine Market
Hydroxychloroquine Market

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Global Hydroxychloroquine Market is expected to grow at a significant rate of around 10% during the forecast period. Hydroxychloroquine is a medicine that is sold under the brand name Plaquenil and is used for preventing and treating malaria in areas where malaria remains sensitive to chloroquine. It is also used in the treatment of rheumatoid arthritis, lupus, COVID-19, etc. The growth of the hydroxychloroquine market can be attributed to the rising incidences of malaria in developing nations. For instance, according to the World Malaria Report, in 2019, nearly 6 million individuals were diagnosed with malaria alone in India. Also, as per WHO, in 2020, there were an estimated 241 million cases of malaria worldwide and the estimated number of malaria deaths stood at 6,27,000. Furthermore, many leading manufacturers of hydroxychloroquine have escalated the production and sales of this medicine during the pandemic as different studies in France & U.S. have shown promising results for the COVID-19 treatment.

Sanofi S.A., Novartis AG, Pfizer Inc., Cadila Pharmaceuticals Limited, Ipca Laboratories Limited, Mylan N.V., Teva Pharmaceutical Industries Ltd., Torrent Pharmaceuticals Ltd., Sun Pharmaceutical Industries Ltd., Lupin Limited. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hydroxychloroquine.

Insights Presented in the Report

“Amongst disease, malaria category to witness robust CAGR during the forecast period”

Based on disease, the market is segmented into malaria, rheumatoid arthritis, COVID-19, and others. The malaria segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as hydroxychloroquine is an anti-malarial drug and is widely used for treating acute attacks of malaria. Furthermore, the surging cases of malaria across the world is also one of the prominent factors contributing to the growth of the market.

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“Amongst distribution channels, the hospital pharmacy to hold a significant share in the market in 2020”

On the basis of distribution channels, the market is categorized into hospital pharmacies, retail pharmacies, and online pharmacies. Among these, the hospital pharmacies to hold a significant share in the market in 2020. This is mainly due to the increasing preference of the patients to avail treatment in hospitals and the easy availability of the medication in hospital pharmacies. However, the online pharmacy segment is expected to witness significant CAGR owing to the growing penetration of e-pharmacy platforms across the world coupled with increasing awareness regarding services offered by e-pharmacy.

“Asia-Pacific to hold a significant share in the market”

For a better understanding of the market adoption of the All-Terrain Vehicle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of malaria cases in developing Asian countries. Further, India is also one of the largest manufacturers and exporters of hydroxychloroquine which is also driving the market in the region.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation
2.1.Research Process of the Hydroxychloroquine Market
2.2.Research Methodology of the Hydroxychloroquine Market
2.3.Respondent Profile  
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5IMPACT OF COVID-19 ON THE HYDROXYCHLOROQUINE MARKET
6HYDROXYCHLOROQUINE MARKET REVENUE, 2020-2028F
7.1.Malaria 
7.2.Rheumatoid Arthritis
7.3.COVID-19 
7.4.Others 
8.1.Hospital Pharmacy
8.2.Retail Pharmacy
8.3.Online Pharmacy
9.1.North America  
 9.1.1.U.S.
 9.1.2.Canada
 9.1.3.Rest of North America
9.2.Europe  
 9.2.1.Germany
 9.2.2.U.K.
 9.2.3.France
 9.2.4.Italy
 9.2.5.Spain
 9.2.6.Rest of Europe
9.3.Asia-Pacific 
 9.3.1.China
 9.3.2.Japan
 9.3.3.India
 9.3.4.Rest of Asia-Pacific
9.4.Rest of World 
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
11HYDROXYCHLOROQUINE MARKET OPPORTUNITIES
12HYDROXYCHLOROQUINE MARKET TRENDS
13.1.Demand Side Analysis
13.2.Supply Side Analysis
14VALUE CHAIN ANALYSIS
15.1.Competitive Landscape
 15.1.1.Porters Fiver Forces Analysis
16.1.Sanofi S.A.
16.2.Novartis AG
16.3.Pfizer Inc. 
16.4.Cadila Pharmaceuticals Limited
16.5.Ipca Laboratories Limited
16.6.Mylan N.V.
16.7.Teva Pharmaceutical Industries Ltd.
16.8.Torrent Pharmaceuticals Ltd.
16.9.Sun Pharmaceutical Industries Ltd.
16.10.Lupin Limited
17DISCLAIMER

Research Methodology

Research Methodology for the Hydroxychloroquine Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global hydroxychloroquine market were the three major steps undertaken to create and analyze the adoption of hydroxychloroquine in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global hydroxychloroquine market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the hydroxychloroquine market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the hydroxychloroquine market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as disease and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the hydroxychloroquine market. Further, we conducted factor analysis using dependent and independent variables such as rising cases of malaria. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the hydroxychloroquine market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global hydroxychloroquine market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the hydroxychloroquine market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global hydroxychloroquine market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Hydroxychloroquine Market
Hydroxychloroquine Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global hydroxychloroquine market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of disease and distribution channel in the global hydroxychloroquine market.

The main objective of the Global Hydroxychloroquine Market Study

The current & future market trends of the global hydroxychloroquine market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the hydroxychloroquine market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of disease and distribution channel.
  • Define and analysis of the regulatory framework for the hydroxychloroquine
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the hydroxychloroquine market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the hydroxychloroquine market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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