The global hydroxychloroquine market is expected to grow from USD 542.36 million in 2019 and to reach USD 5,549.65 million by 2027, growing at a CAGR of 33.47% during the forecast period 2020-2027. Increasing prevalence of malaria in most of the developing and underdeveloped countries is one of the primary factor propelling the growth of the market. In addition to this, rising incidences of autoimmune diseases such as rheumatoid arthritis and lupus erythematosus, further driving the growth of the market. Furthermore, the hydroxychloroquine drug is considered as an effective drug for the treatment of global pandemic COVID-19. Thus, the demand is rapidly surging for the hydroxychloroquine drug all over the world.
Market Overview:
Hydroxychloroquine, is an anti malarial drug that is used for the treatment of malaria which is caused by the bite of a mosquito. Apart from malaria, the hydroxychloroquine drug is also used for the treatment of lupus erythematosus, Q fever, rheumatoid arthritis, and newly discovered COVID-19 disease. Hydroxychloroquine, in combination with an antibiotic azithromycin, can be used for the potential treatment of COVID-19. The drug is similar in structure to chloroquine, which was first approved by the FDA in 1949. The hydroxychloroquine drug is first approved in the year 1955, and it is usually preferred over the chloroquine as it has less side effects.
Impact of Covid-19 on the Hydroxychloroquine Market
The rapid spread of coronavirus that causes COVID-19 across the world has severely affected the entire globe. The World Health Organization (WHO) declared it global pandemic and more than 200 countries around the world are grappling with the increasing number of infected cases. The disease causes respiratory illness and flu-like symptoms such as cough, fever, and difficulty in breathing. Currently, there is no specific treatment or vaccine is available to prevent the coronavirus disease (COVID-19). The hydroxychloroquine drug has anti-viral properties against SARS-CoV-2, the virus that causes COVID-19. Thus, the hospitals across the world have begun using hydroxychloroquine and chloroquine for patients with COVID-19. According to Indian Pharmaceutical Alliance (IPA), India is the biggest manufacturer of hydroxychloroquine in the world and produces 70 per cent of the world’s supply of hydroxychloroquine. The developed countries such as the U.S. and European countries do not produce the hydroxychloroquine drug, as the malaria is virtually not present in these countries. As the drug is seen to be effective for the COVID-19, many countries are in talks with India to supply the hydroxychloroquine drug, as these countries are severely affected by the coronavirus. To deal with the increased demand at local and global level, the Indian Government ordered the leading manufacturers to boost the production of hydroxychloroquine drug.
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Hydroxychloroquine Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The global hydroxychloroquine market has been segmented based on dosage type, application, and distribution channel.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region accounted for the major market share in the global hydroxychloroquine market.
Global Hydroxychloroquine Market Competitive Analysis:
Key players in the global hydroxychloroquine market are Novartis International AG, Sanofi S.A., Amneal Pharmaceuticals, Inc., Laurus Labs Limited, Prasco Laboratories, Cardinal Health, Concordia Pharmaceuticals Inc., Dr. Reddy's Laboratories, Covis Pharmaceuticals, Inc., Aphena Pharma Solutions Tennessee, Inc., Mylan N.V., McKesson Corporation, Lupin Pharmaceutical, Sun Pharmaceutical Industries Ltd. Ipca Laboratories, Teva Pharmaceutical Industries Ltd, Zydus Cadila and Wallace Pharmaceuticals among others. Other leading Indian manufacturers are Intas Pharmaceuticals, McW Healthcare of Indore, Macleods Pharmaceuticals, and Cipla. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a significant share in the market.
For instance, in March 2020, Novartis announced the donation of 20,000 doses of hydroxychloroquine to the University of Washington, U.S. for a COVID-19 PEP clinical trial.
In March 2020, Mylan N.V. announced that the company ramp up the production of hydroxychloroquine at its West Virginia manufacturing facility in the U.S. due to increased demand for hydroxychloroquine drug due to outbreak of Covid-19.
In April 2020, The Department of Veterans Affairs announced the purchase of $40,000 in hydroxychloroquine sulfate tablets from the McKesson Corporation to deal with the coronavirus outbreak.
In March 2020, Teva Pharmaceutical Industries Ltd plans to donate more than 10 million hydroxychloroquine tablets, as it is considered as the potential treatment for the coronavirus, to help U.S. hospitals meet a possible surge in demand.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2017 to 2027. Fior Markets has segmented the global hydroxychloroquine market on the basis of below mentioned segments:
Global Hydroxychloroquine Market by Dosage Type:
Global Hydroxychloroquine Market by Application:
Global Hydroxychloroquine Market by Distribution Channel:
Global Hydroxychloroquine Market by Region:
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Dosage Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing prevalence of malaria in the developed and developing countries
5.2.2. Rising incidences of anti immune disease such as rheumatoid arthritis and lupus erythematosus
5.3. Restrains
5.3.1. Global shortage of hydroxychloroquine
5.3.2. Adverse side effects of hydroxychloroquine
5.4. Opportunities
5.4.1. Increasing demand for hydroxychloroquine for the treatment of Covid-19
5.4.2. Growing popularity of integration of hybrid operating rooms
5.5. Challenges
5.5.1. Stringent government regulations for the clinical trials
5.5.2. Many governments have tightened the export ban norms on hydroxychloroquine to ensure there is no domestic shortage of the drug during Covid-19 crisis
6. Global Hydroxychloroquine Market Analysis and Forecast, By Dosage Type
6.1. Segment Overview
6.2. 200mg
6.3. 400 mg
6.4. 800 mg
7. Global Hydroxychloroquine Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Coronavirus disease (COVID 19)
7.3. Malaria
7.4. Rheumatoid Arthritis
7.5. Lupus Erythematosus
7.6. Porphyria cutanea tarda (PCT)
7.7. Q fever
7.8. Others
8. Global Hydroxychloroquine Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Online Pharmacy
8.3. Retail Pharmacy
8.4. Hospital Pharmacy
8.5. Specialty Drug Stores
9. Global Hydroxychloroquine Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Hydroxychloroquine Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Hydroxychloroquine Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Sanofi S.A.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Amneal Pharmaceuticals, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Laurus Labs Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Prasco Laboratories
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Dr. Reddy's Laboratories
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Novartis
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Covis Pharmaceuticals, Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Cardinal Health
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Mylan N.V.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. McKesson Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Ipca Laboratories
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Teva Pharmaceutical Industries Ltd
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Zydus Cadila
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Intas Pharmaceuticals
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
List of Table
1. Global Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
2. Global 200mg, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
3. Global 400mg, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
4. Global 800mg, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
5. Global Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
6. Global Maleria, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
7. Global Covid-19, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
8. Global Rheumatoid Arthritis, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
9. Global Lupus Erythematosus, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
10. Global Q Fever, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
11. Global Porphyria cutanea tarda (PCT), Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
12. Global Others, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
13. Global Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
14. Global Online Pharmacy, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
15. Global Retail Pharmacy, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
16. Global Speciality Drug Store, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
17. Global Hospital Pharmacy, Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
18. Global Hydroxychloroquine Market, By Region, 2017-2027 (USD Billion) (Thousand Units)
19. North America Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
20. North America Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
21. North America Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
22. U.S. Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
23. U.S. Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
24. U.S. Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
25. Canada Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
26. Canada Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
27. Canada Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
28. Mexico Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
29. Mexico Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
30. Mexico Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
31. Europe Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
32. Europe Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
33. Europe Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
34. Germany Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
35. Germany Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
36. Germany Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
37. France Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
38. France Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
39. France Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
40. U.K. Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
41. U.K. Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
42. U.K. Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
43. Italy Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
44. Italy Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
45. Italy Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
46. Spain Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
47. Spain Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
48. Spain Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
49. Asia Pacific Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
50. Asia Pacific Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
51. Asia Pacific Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
52. Japan Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
53. Japan Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
54. Japan Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
55. China Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
56. China Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
57. China Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
58. India Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
59. India Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
60. India Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
61. South America Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
62. South America Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
63. South America Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
64. Brazil Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
65. Brazil Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
66. Brazil Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
67. Middle East and Africa Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
68. Middle East and Africa Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
69. Middle East and Africa Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
70. UAE Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
71. UAE Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
72. UAE Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
73. South Africa Hydroxychloroquine Market, By Dosage Type, 2017-2027 (USD Billion) (Thousand Units)
74. South Africa Hydroxychloroquine Market, By Application, 2017-2027 (USD Billion) (Thousand Units)
75. South Africa Hydroxychloroquine Market, By Distribution Channel, 2017-2027 (USD Billion) (Thousand Units)
List of Figures
1. Global Hydroxychloroquine Market Segmentation
2. Hydroxychloroquine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Hydroxychloroquine Market Attractiveness Analysis By Dosage Type
9. Global Hydroxychloroquine Market Attractiveness Analysis By Application
10. Global Hydroxychloroquine Market Attractiveness Analysis By Distribution Channel
11. Global Hydroxychloroquine Market Attractiveness Analysis By Region
12. Global Hydroxychloroquine Market: Dynamics
13. Global Hydroxychloroquine Market Share By Dosage Type(2020 & 2027)
14. Global Hydroxychloroquine Market Share By Distribution Channel(2020 & 2027)
15. Global Hydroxychloroquine Market Share by Regions (2020 & 2027)
16. Global Hydroxychloroquine Market Share by Company (2019)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.