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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Hydroxychloroquine and Chloroquine Market Outlook
The global hydroxychloroquine and chloroquine market size attained a value of USD 1.84 million in 2023, driven by its rising application in the treatment of malaria. The market is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032, likely to attain a value of USD 3.85 million by 2032.
Hydroxychloroquine and Chloroquine: Introduction
Hydroxychloroquine and chloroquine are antimalarial medicines that are used to treat malaria. These medicines were frequently used by healthcare professionals during the COVID-19 pandemic as these were showing positive results in treating the virus when no other medicines were working. Other than coronavirus, the increased cases of malaria got these drugs to get popular especially around pandemic. Hydroxychloroquine is generally used in the treatment of autoimmune diseases, such as rheumatoid arthritis and systematic lupus erythematosus.
SLE Hydroxychloroquine helps in enhancing the performance of immune system and reduces inflammation as well. Chloroquine has been in existence from a long time, but it was never given such important before the pandemic. Chloroquine drug is generally used in treating malaria but it protects patients against malaria caused from parasite. It does so by stopping the growth of malarial parasite in the human body.
Global Hydroxychloroquine and Chloroquine Market Analysis
Due to the high demand for hydroxychloroquine and chloroquine drugs, especially during the COVID-19 pandemic, the rate of manufacturing of these drugs has increased in the last few years. Additionally, due to the discovery of these drugs as a potential treatment for coronavirus, there are many research going on to explore the potential of hydroxychloroquine and chloroquine in other medical conditions as well. Owing to the several research still being in process, the governments have put certain safety guidelines over the regulation and consumptions of these drugs, such as no consumption should be performed without a consultation with a healthcare professional. The potential rise in the use of the medication in the treatment of other diseases is anticipated to propel the hydroxychloroquine and chloroquine market expansion.
Global Hydroxychloroquine and Chloroquine Market Segmentations
Market Breakup by Strength
- 100mg
- 200mg
- 250mg
- 500mg
Market Breakup by Grade
- USP Standards Grade
- EP Standards Grade
- Pharmaceutical Standards Grade
- Others
Market Breakup by Dosage Form
- Tablet
- Injectables
Market by Route of Administration
- Oral
- Intravenous
Hydroxychloroquine and Chloroquine Market Breakup by Applications
- Rheumatoid Arthritis
- Malaria
- COVID-19
- Others
Market Breakup by End User
- Hospitals
- Speciality Clinics
- Homecare
- Others
Market Breakup by Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Hydroxychloroquine and Chloroquine Market Overview
The increased demand for the drugs, owing to its application in the treatment of malaria and especially in the treatment of coronavirus, has been primarily driving the demand. There are specific guidelines regarding the usage of hydroxychloroquine and chloroquine by the government as there are multiple research that are being conducted to validate the fact that they might actually be effective in other medical conditions other than malaria and COVID-19. The hydroxychloroquine and chloroquine drug market development has been running steadily but ever since COVID-19 happened, there has been a huge surge in the demand for these drugs in the global market. The global hydroxychloroquine and chloroquine market is expected to grow in coming years as well.
Global Hydroxychloroquine and Chloroquine Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Ipca Laboratories Ltd.
- Zydus Cadila
- Novartis AG
- Teva Pharmaceutical Industries Ltd.
- Bayer AG
- Rising Pharma Holdings Inc.
- Abcam plc.
- Mylan N.V.
- Abbott Laboratories
- Artecef B.V.
- Uniprix Inc.
- Recipharm
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Strength |
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| Breakup by Grade |
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| Breakup by Dosage Form |
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| Breakup by Route of Administration |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 1.84 million in 2023, driven by its rising uses in the treatment of malaria.
The market size is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032, likely to attain a value of USD 3.85 million by 2032.
The growth of the market is driven by factors like rising healthcare sector, rising investment by the government in healthcare development, and the rising use of the drug in malaria treatment, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The different strengths of these drugs in the market are 100mg, 200mg, 250mg, and 500mg.
The different grades in the global market are USP standards grade, EP standards grade, and pharmaceutical standards grade, among others.
The different forms of dosages are injectables and tablets.
The different applications in the market are rheumatoid arthritis, malaria, and COVID-19, among others.
The different route of administration in the market includes oral and intravenous.
The different end users are hospitals, specialty clinics, and homecare, among others.
The different distribution channels in the market are hospital pharmacy, retail pharmacy, and online pharmacy, among others.
The governments have put certain safety guidelines over the regulation and consumptions of these drugs, which is a key trend for the market.
Key players involved in the market are Ipca Laboratories Ltd., Zydus Cadila, Novartis AG, Teva Pharmaceutical Industries Ltd., Bayer AG, Rising Pharma Holdings Inc., Abcam plc., Mylan N.V., Abbott Laboratories, Artecef B.V., Uniprix Inc., and Recipharm.
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