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India's Hepatitis C Virus Drug Market Will Grow to More Than $171 Million By 2012

Posted on: Tuesday, 7 October 2008, 09:00 CDT

WALTHAM, Mass., Oct. 7 /PRNewswire/ -- Decision Resources, one of the world's leading research and advisory firms focusing on pharmaceutical and healthcare issues, forecasts that the Indian hepatitis C virus drug market will grow from $21.6 million in 2007 to more than $171 million by 2012. According to the new Emerging Markets report entitled Hepatitis C Virus in India, this growth will be fueled by increasing diagnosis and drug treatment rates.

"Growth of India's hepatitis C drug market will be a direct result of increasing diagnosis and treatment rates in urban areas," said John Lebbos, M.D., Vice President of Infectious Diseases at Decision Resources. "However, the majority of the hepatitis C virus prevalent population resides in rural areas, where diagnosis and treatment of hepatitis C are inadequate. Although we anticipate some improvement by 2012, this population will likely remain an untapped opportunity for growth."

Additionally, the report finds that the number of prevalent cases of chronic hepatitis C virus in India (8.5 million in 2007) is greater than that of the United States, France, Germany, Italy, Spain, United Kingdom and Japan combined. However, both diagnosis rates and drug treatment rates in India are extremely low, resulting in a virtually untapped antiviral market for the disease.

"Because the general public in India is poorly informed about the hepatitis C virus, few people who unknowingly have the disease understand the risk factors enough to realize they should be tested for the disease. Those who do get tested often cannot afford treatment," added Dr. Lebbos.

The report also finds that familiarity with drug treatment options for hepatitis C varies by region and clinical experience. Clinicians surveyed in Delhi, Jaipur and Lucknow are generally less familiar with hepatitis C therapeutics than are their colleagues in Mumbai, Bangalore and Chennai. Not surprisingly, gastroenterologists are typically more familiar than general practitioners with the appropriate therapies for the disease.

EMERGING MARKETS REPORTS The Ultimate Analysis of Pharmaceutical Markets in China and India

Decision Resources is the FIRST and ONLY company to offer a syndicated report series for high-growth emerging markets with comprehensive disease- specific analysis. Each report assesses the commercial opportunity in the pharmaceutical market for a disease based on population demographics, economic development, disease epidemiology and changing physicians' practices.

About Decision Resources

Decision Resources (http://www.decisionresources.com/) is a world leader in market research publications, advisory services and consulting designed to help clients shape strategy, allocate resources and master their chosen markets. Decision Resources is a Decision Resources, Inc. company.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.decisionresourcesinc.com/ .

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact: Natalia Morales Elizabeth Marshall Decision Resources Decision Resources, Inc. 781-296-2691 781-296-2563 nmorales@dresources.com emarshall@dresources.com

Decision Resources

CONTACT: Natalia Morales of Decision Resources, +1-781-296-2691,nmorales@dresources.com; or Elizabeth Marshall of Decision Resources, Inc.,+1-781-296-2563, emarshall@dresources.com

Web site: http://www.decisionresources.com/http://www.decisionresourcesinc.com/

Source: PRNewswire

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