Egypt Hepatitis C Treatment Drugs Market Projected to be Dominated by the Fixed-Combination Therapy Through 2027
The
increasing awareness regarding the effective drugs available for the treatment
of Hepatitis C and the growing number of drug approvals are primarily driving
the growth of the Egypt Hepatitis C treatment market.
According
to TechSci report on, “Egypt Hepatitis C
Treatment Drug Market - Region, Competition Forecast & Opportunities, 2027”, the Egypt Hepatitis C treatment drug market
is projected to witness lucrative growth and record an impressive CAGR over the
forecast period of 2023-2027. The market
growth can be attributed to the rising instances of blood transfusion disorders
and the increasing cases of hospital-acquired infections (HAIs). Hepatitis C is
a condition in which liver tissues become inflamed due to the contamination of
blood or other body fluids from an infected person. According to a survey, Hepatitis
C is one of the most infectious causes of death, exceeding HIV, hepatitis B,
and TB combined. Egypt has the highest prevalence of hepatitis C in the world.
The HCV prevalence rate has reached to 13% of the population accounting for approx.
12 million Egyptians. Out of these, 8 million people are living with chronic hepatitis.
Moreover, a significant number of patients dealing with hepatitis C are more
prone to develop liver cancer or liver cirrhosis. To deal with such severe
disorders, several market leaders are introducing technologically advanced
therapeutic products for the treatment of hepatitis C. Earlier, the cure for
hepatitis C was not available, but with the launch of products Sovaldi and
Harvoni in 2013 and 2014, respectively. This has resulted in an increased
number of patients opting for hepatitis C treatment, thereby fueling the market
growth. Apart from this, the increasing number of drug approvals by the
governments and concerned authorities and growing access to medicines are providing
a positive outlook to the market growth. In addition, the constantly improving
healthcare and sanitation and the rising awareness about the advanced
treatments available for the diseases are providing thrust to the market. Furthermore,
Egypt is constantly spending on their healthcare, and the governments are
providing treatment drugs at a subsidized rate to help more patients avail the
quality treatment. This eventually is anticipated to propel the Egypt hepatitis
C treatment drug market in the coming years
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The Egypt Hepatitis C treatment drug market is segmented
by disease type, drug class, distribution channel, competitive landscape, and
regional distribution. Based on the disease type, the market is differentiated
between acute and chronic. Among these, the chronic Hepatitis C segment is
expected to hold a significant market share over the forecast period. This is
primarily because 70-75 percent of acute Hepatitis C tend to develop into a
chronic form. Moreover, the chronic form is a long-term illness and may require
lifetime treatment. As a result, this segment is majorly contributing to the Egypt
Hepatitis C treatment drug market
By drug class, the market is segmented into
combination therapy, protease inhibitors, polymerase inhibitors,
immunomodulators, antiviral medications, and others. In terms of drug class,
the fixed-dose combination segment is projected to hold a considerable market
share in the coming years as fixed-dose combination therapy is extremely
efficient for the treatment of the disorder. The high effectiveness of this
therapy across all genotypes of Hepatitis C and the presence of major drugs in
this segment have resulted in more adoption of fixed-combination therapy.
Based on distribution channel, the market is
fragmented into hospital pharmacies, retail pharmacies, and online pharmacies. Among
these, the hospital pharmacies segment is anticipated to hold a significant
market share in the coming years due to the growing instances of
hospitalizations, improved services, and easy accessibility. The availability
of these drugs at hospital pharmacies facilitates greater safety and guidance
regarding the administration of the drug. However, online pharmacies are also
projected to register a higher CAGR over the coming years due to the
availability of hepatitis C treatment drugs at a discounted rate and
convenience of ordering medicines at the convenience of home.
A list of major
market players of the Egypt Hepatitis C treatment drug market market includes:
- GlaxoSmithKline,
Plc.
- Gilead Sciences,
Inc.
- Johnson & Johnson
- AbbVie, Inc.
- Merck & Co.,
Inc.
- Bristol-Myers
Squibb Company
- F. Hoffmann-La
Roche AG
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“Increasing
availability of advanced Hepatitis C drugs and rising number of patients
getting highly effective therapeutics has resulted in an increased number of positive
outcomes, which is boosting the market growth in the region. Besides, R&D
in the medical sector, new product launches in the country, and presence of
large patient pool undergoing the treatment are propelling the hepatitis C
treatment drug market in the country. Apart from this, the market is
semi-consolidated. The market players are advised to expand their portfolio of
hepatitis C therapeutics along with focusing on tapping the untapped areas by
strengthening their distribution channel.,” said Mr. Karan Chechi,
Research Director, TechSci Research, a research-based Egypt management
consulting firm.
“Egypt Hepatitis C
Treatment Drug Market By Disease Type (Acute v/s Chronic), By Drug Class
(Combination Therapy, Protease Inhibitors, Polymerase Inhibitors,
Immunomodulators, Antiviral Medications, Others), By Distribution Channel
(Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), Region,
Competition Forecast & Opportunities, 2027” has evaluated
the future growth potential of global Hepatitis C treatment drug market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global Hepatitis C treatment drug market.
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