Hydroxychloroquine Drugs Market Estimated to Cross US$ 1.9 Bln by 2030

Healtcareresearch04 Jan, 2022Health

According to the report, the global hydroxychloroquine drugs market was valued at US$ 0.67 Bn in 2019 and is projected to expand at a CAGR of 10% from 2020 to 2030. Hydroxychloroquine belongs to a class of drugs called antimalarials. It is used to treat rheumatoid arthritis and systemic lupus erythematosus by decreasing the activity of the immune system. In terms of disease indication, the global hydroxychloroquine drugs market has been classified into malaria, rheumatoid arthritis, COVID-19, systemic lupus erythematosus, and others. Based on distribution channel, the global hydroxychloroquine drugs market has been categorized into hospital pharmacies, retail pharmacies, and online pharmacies. The rise in prevalence of malaria and rheumatoid arthritis and increase in geriatric population augment the global hydroxychloroquine drugs market.