The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global hydroxychloroquine market is expected to grow from $1.8 billion in 2022 to $1.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The market size of global hydroxychloroquine is expected to grow from $2.52 billion in 2027 at a CAGR of 6.9%.

North America held the largest hydroxychloroquine market share, and Middle East was the fastest-growing region in 2022.

Hydroxychloroquine Market Driver
Rising COVID-19 cases boost hydroxychloroquine demand in 2020. It’s used in treating COVID-19 patients and ongoing trials. FDA approved its emergency use for COVID-19. WHO reported over 10 million cases and 500,000 deaths by July 3, 2020, affecting USA, Brazil, Russia, UK, India, and Spain most. Global coronavirus surge drives hydroxychloroquine market revenue.

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Prominent Hydroxychloroquine Market Trend
Key market players are pursuing strategies like expanding manufacturing capacity to meet global demand. Zydus Cadila, in April 2020, increased hydroxychloroquine production by tenfold due to COVID-19. IPCA Laboratories also raised monthly production five to six times in May 2020. This production capacity expansion trend shapes the hydroxychloroquine market.

Hydroxychloroquine Market Prominent Players
Major players in the hydroxychloroquine market are Bayer AG, Dr. Reddy’s Laboratories, Zydus Cadila, Ipca Laboratories Ltd., Wallace Pharma, Teva, Mylan, Novartis, and Intas Pharmaceuticals.

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Key Hydroxychloroquine Market Segments
The global hydroxychloroquine market is segmented –
1) By Drug Activity: Anti-Malarial Drug, Anti-Rheumatic Drug, Lupus Suppressant Drug, Anti COVID-19 Drug, Other Drug Activity
2) By Formulation: Tablets, Injection
3) By Application: Malaria, Rheumatoid Arthritis, Lupus Erythematosus, COVID-19, Other Applications
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Speciality Drug Stores, Retail Pharmacy

The Hydroxychloroquine Global Market Report 2023  provides a comprehensive overview on the hydroxychloroquine market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the hydroxychloroquine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Coronavirus (COVID-19) Current Therapy Global Market Report 2023
Hydrocolloids Global Market Report 2023
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