Hepatitis C-Expected Launch of GS-7977 in 2015 will Pave the Way for an Oral Interferon-free Combination Therapy

NEW YORK, Oct. 22, 2012

Source-GBI Research

The approval of the US Food and Drug Administration in May of last year for two drugs, Incivek and Victrelis, has sparked explosive pharmaceutical industry revenue gains that will see the hepatitis C market grow exponentially in size by 2018, predicts new research by healthcare sector analysts GBI Research.

The firm’s latest report* states that the market for hepatitis C will climb from a 2011 value of $2.6 billion to just under $15 billion by the end of 2018, at a Compound Annual Growth Rate (CAGR) of 28%.

According to GBI Research, last year’s introduction of Incivek (co-developed by Vertex and Johnson & Johnson) and Victrelis (from US firm, Merck & Co.) marked the beginning of a boom period for the global hepatitis C market following years of sliding revenues.

Both of these highly influential treatments will be subject to large-scale marketing across the US, Europe and Japan in the coming years and will contribute significantly to the industry’s value.

Drug manufacturer profits are expected to be further bolstered by the imminent launch of oral DAA molecules (the first of which should be on the market in 2015) and the increased reliance on prescribing DAA drug combinations within the healthcare community.

Almost 8 million people worldwide were estimated to have chronic hepatitis C virus (HCV) in 2011, climbing from 7.6 million in 2004. Thanks to improving treatments and an increasing awareness within the general population, GBI Research expects this figure to drop below the 7 million mark by 2018.

Hepatitis C Therapeutics Market to 2018 - Expected Launch of GS-7977 in 2015 will Pave the Way for an Oral Interferon-free Combination Therapy

This report provides insights into the global hepatitis C therapeutics market up to 2018. This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research’s team of industry experts.

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 Summary

GBI Research, the leading business intelligence provider, has released its latest research “Hepatitis C Therapeutics Market to 2018 - Expected Launch of GS-7977 in 2015 will Pave the Way for an Oral Interferon-free Combination Therapy”, which provides insights into the global hepatitis C therapeutics market up to 2018. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. The report examines the global hepatitis C treatment usage patterns, and the geographical distribution of hepatitis C therapeutics and markets across the US, the top five countries of Europe and Japan. The report also includes insights into the hepatitis C therapeutics R&D product pipeline and explores the competitive landscape, including major players in the hepatitis C therapeutics market. Finally, the report also includes analysis of the Mergers and Acquisitions (M&As) and licensing agreements that took place in the hepatitis C therapeutics market from 2010 to 2012.

In 2011, the hepatitis C therapeutics market was estimated at $2.6 billion. From 2004 to 2011, the market grew at the CAGR of 2.7%, with the launch of Incivek and Victrelis in 2011 boosting positive growth. The market had seen a significant decline in value due to the low uptake of Pegylated Interferon (PI) therapies and subsequent patient warehousing in anticipation of more effective drugs being launched. The launch of the two PIs added a billion dollars to the market in 2011 and helped to achieve a positive CAGR. GBI Research analyses estimate that the hepatitis C therapeutics market in the top seven markets will be valued at $14.9 billion in 2018, with a CAGR of 28.3% over the forecast period. These estimates are based on the continued adoption of PIs as the gold standard treatment option for hepatitis C, and the imminent launch of oral DAA molecules, the first of which should be in the market in 2015. Further, combinations of DAA drugs will improve the overall effectiveness of treatment and will have less side-effects than PIs. This should result in a significant increase in diagnosis and treatment rates over the forecast period.

Scope

- Data and analysis on the hepatitis C therapeutics market in the leading geographies of the world – the US, Japan, the UK, Germany, France, Italy and Spain.
- Annualized market data for the hepatitis C therapeutics market from 2004 to 2011, with forecasts to 2018.
- Market data on the geographical landscape and therapeutic landscape, including market size, market share, annual cost of therapy, sales volume and treatment usage patterns such as disease population, treatment seeking population, diagnosis population and prescription population.
- Key drivers and restraints that have had a significant impact on the market.
- The competitive landscape of the global hepatitis C therapeutics market including top companies benchmarking. The key companies studied in this report are Vertex Pharmaceuticals, Inc., Merck & Co., Inc., Gilead Sciences, Inc., Bristol-Myers Squibb Company (BMS), Abbott Laboratories, F. Hoffmann-La Roche Ltd., Johnson & Johnson / Tibotec BVBA, Boehringer Ingelheim GmbH, Novartis AG, Achillion Pharmaceuticals, Inc., and Idenix Pharmaceuticals, Inc.
- Key M&A activities and licensing agreements that took place in the years 2010 to 2012 in the hepatitis C therapeutics market.

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