Hydroxychloroquine Market has the potential to be a huge game changer in medical history

Posted By : riya16csu297@ncuindia.edu on 2021-11-27   04:37:11    India
  Hydroxychloroquine Market

Description

Hydroxychloroquine Market has the potential to be a huge game changer in medical history

In 2019, the global hydroxychloroquine market was worth $1.9 billion, and by 2027, it is expected to be worth $4.6 billion. From 2020 to 2027, the market is expected to develop at a 7.9% compound annual growth rate (CAGR).

When paired with chloroquine, hydroxychloroquine, an anti-malarial medication, has the potential to be a huge game-changer in medical history. It showed antiviral effectiveness against (SARS-CoV-2) severe acute respiratory syndrome-coronavirus-2 in a few small, experimental, uncontrolled or poorly controlled clinical investigations. Hypotheses are formed as a result of such investigations. However, following President Trump's tweet, the market's situation suddenly shifted, with reports of drug shortages in pharmacies within 24 hours. In the midst of the outbreak, some countries, including the United States and India, are approving its usage as a COVID-19 prevention tool.




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