Anti-parasitic Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Anti-parasitic Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Pharmaceutical

Report Description

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Anti-parasitic drugs are medications that are used for the treatment of parasitic diseases caused by parasites such as fungi and protozoa. These drugs destroy or inhibit the growth of parasitic agents by targeting them. In a particular class, these medications are effective to a limited number of parasites. Parasitic infections can be severe, moderate, or mild. Ascariasis is one of the prevalent parasitic diseases. Other common infections are hookworm disease, trichomoniasis, and toxoplasmosis. The parasitic infections can result in nutritional deficiencies, fetal or neonatal harm, cutaneous nodules, and skin eruptions. Moreover, the infections may cause major damages to the central nervous system, lungs, eyes, heart, and liver. Anti-parasitic medications can be administered orally or intravenously, and these are one of the antimicrobial agents that include antibiotics that target bacteria. The World Health Organization (WHO) has suggested for public beneficial for the treatment of parasitic worm infections. Almost all of the common parasitic worm infections in the human body can be cured with one of five anthelmintics currently in use: mebendazole, albendazole, diethylcarbamazine, praziquantel, and ivermectin. The purpose of the anthelmintic treatment is to moderate the intensity of the infection beneath the level of clinical significance.

Factors such as rising prevalence of parasitic infections, increasing novel drug treatment, affordability of drugs, convenience of direct purchase, high adoption and acceptance in developing markets, and innovations and developments of drugs are driving the growth of the global anti-parasitic drugs market. However, certain factors such as stiff competition among existing players, high possibilities of substance abuse and addiction, complications and severity involved in taking wrong medications due to misdiagnosis or incorrect self-diagnosis, and lack of awareness among the rural population in developing and underdeveloped economies could restraint the global market growth during the forecast period.

The global anti-parasitic drugs market is classified on the basis of drug, disease indication, distribution channel, and geography. In terms of drug, the market is classified into anthelmintics, scabicides and pediculicides, antiprotozoals, and others. The anthelmintics sub-segment is further segmented into benzimidazole, ivermectin, and pyrantel. The scabicides and pediculicides sub-segment is further classified into lindane, benzyl benzoate, and others. The antiprotozoals sub-segment is classified into chloroquine, pyrimethamine, and others. In terms of disease indication, the anti-parasitic drugs market is segmented into giardiasis, trichuriasis, filariasis, neurocysticercosis, hydatid disease, pinworm disease, cysticercosis, ascariasis, and others. The key distribution channels of the anti-parasitic drugs market include hospital pharmacies, retail pharmacies, online pharmacies, mail order pharmacies, and others.

Geographically, the anti-parasitic drugs market has been segmented into five major regions: North America (U.S. and Canada), Europe (Germany, France, the U.K., etc.), Asia Pacific (Australia, China, Japan, India, etc.), Latin America (Brazil, Mexico, etc.), and Middle East & Africa (GCC Countries, South Africa, etc.). North America is the leading market for anti-parasitic drugs in terms of revenue, followed by Europe. The U.S. holds the largest share of the North America market. Asia Pacific and Latin America are emerging markets which are expected to witness significant growth rates during the forecast period. High growth rates in these regions are attributable to the increasing incidence of parasitic infections, rising health care industries, and growing government investment to develop health care infrastructure. The anti-parasitic drugs market in countries such as China, India, and Brazil is projected to expand at a high growth rate during the forecast period due to increase in awareness among the population about parasitic infections and their treatment.

Major players operating in the global market for anti-parasitic drugs include Arbor Pharmaceuticals Inc., Quepharma, Merck & Co., Inc., Cipla, Inc., Ipca Laboratories Ltd., Sun Pharmaceutical Industries Ltd., Guilin Pharmaceutical (Shanghai) Co., Ltd., Novartis AG, Mylan Labs, Ajanta Pharma, Sanofi, and AstraZeneca plc., Pfizer Inc., Bayer AG, GlaxoSmithKline, Alkem Laboratories Limited, Mankind Pharma, Indoco Remedies Ltd., Lincoln Pharmaceuticals Ltd., and Mallinckrodt Pharmaceuticals.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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