Hydroxychloroquine Sulfate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Hydroxychloroquine Sulfate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : May, 2021 | Chemical & Materials

Report Digest

Hydroxychloroquine Sulfate: The Rescuer in COVID-19 Crisis

Hydroxychloroquine (HCQ), is a drug used to forestall and treat jungle fever in zones where intestinal sickness stays touchy to chloroquine. Other utilizations incorporate treatment of rheumatoid joint pain, lupus, and porphyria cutanea tarda. Furthermore, hydroxychloroquine sulfate is the highly touted drug that's taken for center stage due to its potential to treat patients with COVID-19. As result of this demand for hydroxychloroquine sulfate has begun to increase since last two months after US President Donald Trump has announced its effectiveness in treating corona virus patients. It is predominantly sold as a sulfate salt known as hydroxychloroquine sulfate. Brand names of hydroxychloroquine include Plaquenil, Hydroquin, Axemal (in India), Dolquine, Quensyl, Quinoric.

India is amongst the leading producer of hydroxychloroquine sulfate across globe and has suspended this drug export in March 2020. However, Indian hydroxychloroquine sulfate manufacturer rely on China for raw material supplies. Market for hydroxychloroquine sulfate is experiencing mounting growth in 1st quarter of 2020, backed by high demand for treating nCoV-19 patients.

Global Hydroxychloroquine Sulfate Market to Gain Traction as COVID-19 Outbreak Medication

After COVID-19 outbreak, utilization of hydroxychloroquine, a medication previously endorsed to treat malaria and rheumatoid joint inflammation has picked prominence. The endorsement came at the encouragement of US President Donald Trump. Some little examinations have recommended it can assist patients with COVID-19, yet concrete evidence are still worked upon.

That hasn't stopped the Department of Health and Human Services from tolerating 30 million gave portions from Novartis' Sandoz unit, just as another 1 million tablets of chloroquine phosphate, the other type of the medication. Bayer, Mylan and Amneal have each swore gifts or expanded creation of the medications. The outcomes from a fake treatment controlled preliminary of hydroxychloroquine for COVID-19 show that patients hospitalized with gentle disease recouped more rapidly with expansion of the medication than with fake treatment toward the beginning of a standard treatment. The outcomes additionally recommend that hydroxychloroquine may pass on some security against the ailment intensifying.

Segmentation Analysis of Global Hydroxychloroquine Sulfate Market

Hydroxychloroquine Sulfate Market is bifurcated into three major categories: Purity level, Application and region.

On the basis of purity level, the global market for hydroxychloroquine sulfate is divided into:

  • < 80 %
  • > 80%

On the basis of Application, the global market for hydroxychloroquine sulfate is categorized as:

  • Antimalarial Drug
  • Antirheumatic Drug
  • Lupus Suppressant Drugs

Hydroxychloroquine Sulfate Market: Regional Outlook

Asia Pacific region dominates the production of hydroxychloroquine sulfate followed by North America. India and China are considered as leading manufacturer, backed by its usual demand of hydroxychloroquine sulfate for curing malaria patients. India's Directorate General of Foreign Trade on March 25 prohibited the fare of Hydroxychloroquine yet said that specific shipments on compassionate grounds might be permitted dependent upon the situation. With increasing number of Covid-19 patients U.S., Italy, Spain and other countries across the globe can be seen as the target market for hydroxychloroquine sulfate. Individuals from the SAARC alliance, Indonesia and the UAE have mentioned India to lift the fare prohibition on hydroxychloroquine, as they gaze at a deficiency of the medication fundamentally utilized for rheumatoid joint inflammation and long haul immune system infection lupus. Furthermore, a few other European nations have likewise mentioned India for the inventory of hydroxychloroquine.

Key Players of Hydroxychloroquine Sulfate Market 

Generics organizations Mylan and Teva Pharmaceutical Industries have demonstrated their pledge to battling the COVID-19 pandemic by making declarations around hydroxychloroquine sulfate tablets, which the two of them manufacture. Mylan has restarted production of the tablets at its West Virginia fabricating office in the USA, so as to meet the potential for expanded interest coming about because of potential adequacy of the item in treating cases. Other global prominent players Novartis, Ipca Laboratories Ltd. and Mylan have announced taking steps to scale up production capacity to meet mounting demand across the globe. With increasing opportunities and growing future scope will increase the competitiveness of market, adding number of hydroxychloroquine sulfate manufacturers across the globe.

The research report presents a comprehensive assessment of the hydroxychloroquine sulfate market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. This hydroxychloroquine sulfate market report provides analysis and information, according to market segments such as purity level, application and region.

The Global Hydroxychloroquine Sulfate Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The hydroxychloroquine sulfate market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global hydroxychloroquine sulfate market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The global hydroxychloroquine sulfate market report also maps the qualitative impact of various market factors on market segments and geographies.

The Global Hydroxychloroquine Sulfate Market Report Highlights:       

  • A Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?