Hepatitis is a common condition around the world that most-prominently causes the liver to swell. There are several risk factors for this condition, including alcohol and drug usage and several infections. However, the most-common cause is the five hepatitis viruses: A, B, C, D, and E, themselves. These viruses can be transmitted into the host via contaminated food and water, infected blood and semen (via sex), unsterilized medical equipment, such as needles and catheters, and in utero.
Mostly, the condition is acute and the symptoms mild, generally consisting of yellow skin, urine, and sclera (jaundice); fever, body ache, loss of appetite, and malaise. However, chronic hepatitis can lead to liver cirrhosis and even liver cancer; therefore, the awareness on catching the condition early and effectively treating it is rising. As per P&S Intelligence, due to such factors, the hepatitis drugs market value is predicted to increase sharply in the next few years.
Additionally, several international and national agencies around the world are working to make people aware of the different forms of the disease and increase the access to timely diagnosis and quality care. For instance, the WHO recognizes July 28th as World Hepatitis Day and conducts awareness campaigns. Moreover, it launched the Global Health Sector Strategy on Viral Hepatitis, 2016–2021 in May 2016, under which it aims to reduce the number of new hepatitis cases by 90% and the number of deaths by 65% by 2030. Similarly, May is recognized as Hepatitis Awareness Month in the U.S., wherein similar activities are conducted.
Of all these types of viral hepatitis infections, the demand for drugs has been the highest for hepatitis C. This is because acute forms of all these diseases do not require treatment, and only the chronic forms do. Hepatitis A and E rarely transition into chronic conditions, whereas only 10–40% of the people with hepatitis B actually require hospitalization. Additionally, by treating hepatitis B, hepatitis D is also treated and its risk reduced, as the hep D virus cannot replicate inside the body without the hep B virus. Hep C, on the other hand, often transitions into a chronic condition, ultimately leading to cirrhosis liver cancer, and hepatic failure; therefore, the idea behind the treatment of hep C is always a complete cure.
North America has been the most-productive hepatitis drugs market till now because it accounts for the most-advanced healthcare infrastructure and easy access to treatment. Additionally, the geriatric population (65 and above age group) in the region is set to cross 96.2 million by 2050 from 59.9 million in 2019, according to the World Population Ageing 2019 report of the United Nations (UN). Owing to their weakened immune system, the elderly become easy hosts for the hepatitis virus. Additionally, they need more-extensive care than the younger people, which is why they account for high hospitalization rates.
Hence, with the growing prevalence of hepatitis infections, the demand for the associated drugs will continue to surge.
1 November 2018, the global Healthcare BPO Market size is expected to witness high growth over the forecast period.
These factors are driving the adoption of BPO in the medical sector.High prevalence of various diseases has increased workload of medical institutions.
Through adoption of outsourcing solutions, these organizations are able to focus on their core activity to maintain quality of service.
Database management and analysis are the key activities requiring professionals with adequate interpretation skills.
Staff recruitment for such activities turns out to be a costly affair.
Hence, hospitals find it easy to partner up with service providers located at distant locations.However, risks associated with this business model are major restraints hampering overall growth of the healthcare BPO market.
The medical sector is growing rapidly.
As healthcare and medicine are two very important parts of human life.
These two things are always in demand all around the world as every person requires medical help at some point in their life.
According to the studies, the medical sector has developed drastically and is making huge amounts of money if compared to the last couple of years.
But still, in many countries, there is lack of medical centers that treat patients and even provide an area for staying.
Open your own physical therapy center where you can help disabled patients to perform a basic task.
