Global Hydroxychloroquine Drugs Market: Overview
Used to treat and manage a number of conditions such as rheumatoid arthritis and the autoimmune disease called lupus, hydroxychloroquine is seen as a wonder drug by patients suffering from these painful health issues. The antimalarial is now seeing an increase in demand from certain countries as they direct efforts towards treating COVID-19, the pandemic which is being seen as a human and humanitarian crisis. Clinical trials are underway and results of these will ascertain demand for the drug for prevention and cure of the deadly viral infection.
As per Transparency Market Research, an increased number of people suffering from arthritis and lupus will lead to growth in the hydroxychloroquine drugs market from 2019 to 2027. And, due to massive use in clinical studies being carried out in a number of research and development (R&D) facilities universities and pharmaceutical companies - a significant demand is arising for the drug. This is paving way for opportunities in the future.
Global Hydroxychloroquine Drugs Market: Notable Development
The much critical and powerful hydroxychloroquine drugs are gaining increased attention in the current times owing to results from a French Study that states these are effective in treatingCoronavirus infection, plaguing the planet. However, peer review and others from the medical community take the study with a pinch of salt. Some of the notable developments in the recent time are stated below:
2020: The President of the United States of America is endorsing use of these drugs as preventive measures. And, a number of clinical studies have already begun to test efficacy. By March 18, Boulware had already started working in this direction. Additionally, the country demanded the drug from India, which is a major manufacturer and cleared export of 3.6 million tablets at the behest of President Donald Trump.
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Some of the prominent players operating in the global hydroxychloroquine drugs market are the following:
Innovation and Research and Development are areas that are highly focused on by a number of notable players in order to drive the market forward.
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Global Hydroxychloroquine Drugs Market: Key trends and driver
Hydroxychloroquine drugs market is seeing elevated demand in its landscape owing to a number of factors. A major booster as of now is now is its association with the COVID 19 treatment and prevention approvals for the same are yet to arrive from the FDA.
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Global Hydroxychloroquine Drugs Market: Regional Analysis
North American region will be a prominent regional market over the forecast period owing to factors such as a sizeable population of Lupus patients. Besides, United States is contributing immensely to the growth in the market by way of government endorsements; a large number of clinical trials are underway.
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Read more from the original source:
Hydroxychloroquine Drugs Market: Surged in Demand of hydroxychloroquine for the treatment of COVID-19 - BioSpace
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