Hepatitis B Market Size Hits USD 5.1 Billion in 2023, Expected to Surge to USD 6.80 Billion by 2030 at a CAGR of 4.2%


Posted July 15, 2024 by Shitalmax

Anticipated Growth in Revenue: Hepatitis B Market size was valued at USD 5.1 Billion in 2023 and the total Hepatitis B Revenue is expected to grow at a CAGR of 4.2 % from 2024 to 2030, reaching nearly USD 6.80 Billion in 2030.

 
Hepatitis B Market Report Overview

The Hepatitis B market has been witnessing significant growth, with its size valued at USD 5.1 billion in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030, reaching nearly USD 6.80 billion by the end of the forecast period. This growth is attributed to several factors including increasing awareness about Hepatitis B, advancements in diagnostic technologies, and the development of effective treatments and vaccines. The rising prevalence of Hepatitis B infections globally also drives the demand for better healthcare solutions and treatment options.

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Report Scope and Research Methodology

The scope of the report covers the comprehensive analysis of the Hepatitis B market, including market size, growth drivers, challenges, opportunities, and competitive landscape. The report segments the market based on product type, end-user, and region to provide a detailed understanding of various market dynamics.

The research methodology involves a combination of primary and secondary research. Primary research includes interviews with industry experts, healthcare professionals, and key opinion leaders, while secondary research involves extensive review of scientific journals, industry reports, company websites, and regulatory databases. This dual approach ensures the accuracy and reliability of the data presented in the report.

Hepatitis B Market Dynamics

The dynamics of the Hepatitis B market are shaped by several factors. One of the primary drivers is the increasing prevalence of Hepatitis B infections worldwide. According to the World Health Organization (WHO), an estimated 296 million people were living with chronic Hepatitis B infection in 2019. This high prevalence rate underscores the need for effective diagnostic and treatment solutions.

Another key driver is the advancement in diagnostic technologies. Innovations in molecular diagnostics and point-of-care testing have significantly improved the accuracy and speed of Hepatitis B diagnosis, facilitating early detection and treatment. Additionally, the development of effective antiviral drugs and vaccines has played a crucial role in controlling the spread of the virus and managing chronic infections.

Hepatitis B Market Segmentation

by Therapy

Chemo Therapy
Immunosuppressant Therapy
Nucleoside Analogue

by Product Type

Hepatitis B Vaccine
Anti-viral Drugs
Tenofovir
Entecavir

by End User

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

Hepatitis B Market Key Players

1. Gilead Sciences - USA - Antiviral medications
2. Bristol-Myers Squibb - USA - Antiviral medications
3. AbbVie - USA - Antiviral medications
4. Abbott Laboratories - USA - Diagnostic tests
5. Thermo Fisher Scientific - USA - Diagnostic tests
6. Becton, Dickinson and Company - USA - Diagnostic tests
7. Johnson & Johnson - USA - Diagnostic tests
8. Dynavax Technologies Corporation - USA - Vaccines
9. MedImmune - USA – Vaccines
10. GlaxoSmithKline - UK - Vaccines
11. Merck & Co. Inc. - USA – Vaccines
12. Pfizer Inc. - USA - Vaccines
13. Novartis AG - Switzerland - Antiviral medications
14. Siemens Healthineers - Germany - Diagnostic tests
15. Roche - Switzerland - Diagnostic tests
16. Sanofi Pasteur - France - Vaccines
17. Qiagen N.V. - Netherlands - Diagnostic tests
18. F. Hoffmann-La Roche AG - Switzerland - Antiviral medications
19. Astellas Pharma - Japan - Antiviral medications
20. GeneOne Life Science Inc. - South Korea - Vaccines
21. Hualan Biological Engineering Inc. - China - Vaccines
22. Mitsubishi Tanabe Pharma - Japan - Antiviral medications
23. Serum Institute of India - India - Vaccines
24. Zydus Cadila - India - Vaccines
25. Beijing Tiantan Biological Products Co., Ltd. - China – Vaccines
26. Bio-Manguinhos – Brazil – Vaccines
27. Saudi Biological Industries – Saudi Arabia - Vaccines

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Hepatitis B Market Regional Insights

Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America holds a significant share of the market, driven by advanced healthcare infrastructure, high awareness levels, and strong government initiatives. Europe follows closely with a well-established healthcare system and ongoing research and development activities. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, attributed to the rising prevalence of Hepatitis B, improving healthcare infrastructure, and increasing awareness programs. Latin America and Middle East & Africa are also anticipated to show considerable growth due to the growing focus on healthcare improvements and disease management strategies.

Key Questions answered in the Hepatitis B Market Report are:

What was the Hepatitis B market size in 2024?
What is the expected Hepatitis B market size by 2030?
What are the Hepatitis B market segments?
Which Hepatitis B market segment is expected to grow rapidly during the forecast period?
Which are the prominent players in the Hepatitis B Industry?
What key trends are expected to emerge in the Hepatitis B market during the forecast period?
Which region dominated the global Hepatitis B market?
Key Offerings:

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments with their sub-segments and Region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Issued By MMR
Country India
Categories Health
Tags hepatitis b market hepatitis b market size hepatitis b market trends hepatitis b market growth hepatitis b market scope hepatitis b market industry he
Last Updated July 15, 2024