The Hepatitis C Virus Antiviral Market is all set to witness staggering growth in the upcoming period. With technological advancements under its belt, the healthcare vertical is witnessing hi-tech demands. In other words, the healthcare personnel is expected to be abreast with the operations of high-tech devices like handheld computers, smart infusion pumps, and so on. Also, utmost care needs to be taken concerning scanning right the very first time along with vibration alert to not disturb the sleeping patients.
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Chronic hepatitis C is diagnosed by liver biopsy and blood tests. According to World Health Organization (WHO), globally 130 million to 150 million people are suffering from chronic hepatitis C. Hepatitis C is treated with antiviral drugs to inhibit the growth of virus and prevent liver damage. According to World Health Organization (WHO), 50% to 90% of people suffering from hepatitis C are treated with antiviral treatment.
North America dominates the global market for hepatitis C virus antiviral due to rising incidence of infectious diseases. Asia followed by the Europe are expected to show high growth rates in the next five years in global hepatitis C virus antiviral market.
China and India are expected to be the fastest growing hepatitis C virus antiviral markets in Asia-Pacific region. Some of the key driving forces for hepatitis C virus antiviral market in emerging countries are large pool of patients, increasing awareness programs and rising government funding.
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In recent times there is increased use of hepatitis C virus antiviral due to increasing incidence of chronic infection with hepatitis C virus. Increase in healthcare expenditure, changing lifestyle and increasing government initiatives are some of the key factors driving the growth for global hepatitis C virus antiviral market.
In addition, increasing healthcare awareness is also fuelling the growth of global hepatitis C virus antiviral market. However, stringent regulation for approval of hepatitis C antiviral is the major factors restraining the growth for the global hepatitis C virus antiviral market.
Introduction of interferon-free oral therapies would develop opportunity for the global hepatitis C virus antiviral market. The trend for global hepatitis C virus antiviral market is rise in awareness programs and promoting partnerships by World Health Organization (WHO). Some of the major companies operating in the global hepatitis C virus antiviral market are Merck & Co., Genentech, Merck, Vertex, Janssen and Medivir AB, F. Hoffmann-La Roche, Bristol Myers Squibb, AbbVie and Gilead Sciences.
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