Lupus Suppressant Hydroxychloroquine To Expand At A CAGR Of 4.5% By 2029

Chemical & Materials

In the wake of the worsening coronavirus pandemic, Lupus Suppressant hydroxychloroquine has been touted as a key drug in the treatment and eradication of COVID-19. As a result, the demand for Lupus Suppressant hydroxychloroquine has skyrocketed in the past few weeks. The United States alone has generated significant demand for 20 million hydroxychloroquine pills, amounting to 4 tons. Moreover, the global demand for hydroxychloroquine is anticipated to surge amid the rapidly increasing COVID-19 infections. In 2020, from January to April, India has exported hydroxychloroquine API (active pharmaceutical ingredient) worth US$ 1.2 Bn. Attributed to above-mentioned facts global Lupus Suppressant hydroxychloroquine market is estimated to experience a year on year growth of over 100% by the end of 2020.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4769

Key Takeaways of Hydroxychloroquine Market Study

Due to skyrocketing demand for hydroxychloroquine, the global hydroxychloroquine market is expected to create a value opportunity of around US$ 2.3 Bn by the end of 2020.
The coronavirus pandemic has spiked the prices of API (active pharmaceutical ingredients) which is set to increase the market value by 2X through 2020.
Based on drug type, anti-rheumatic drug has dominated the consumption of hydroxychloroquine in 2018 and is poised to account for nearly half of the market share by 2030.
Due to the high prevalence of rheumatoid arthritis and systemic lupus erythematosus, United Stated is projected to remain a highly lucrative region during the forecast period.
In terms of production, currently, India accounted for nearly half of the global production in 2019.

Key Segments Covered in the Hydroxychloroquine Industry Survey

Hydroxychloroquine by Drug Type
- Anti-malarial Hydroxychloroquine Drug
- Anti-rheumatic Hydroxychloroquine Drug
- Lupus Suppressant Hydroxychloroquine Drug
- Anti-COVID 19 Hydroxychloroquine Drug
- Other Hydroxychloroquine Drugs
Hydroxychloroquine by Region
- North America Hydroxychloroquine Market
- Latin America Hydroxychloroquine Market
- Europe Hydroxychloroquine Market
- Asia Pacific Hydroxychloroquine Market
- Middle East & Africa Hydroxychloroquine Market