The global parasitic diseases therapeutic market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). These drugs are generally effective and work well against a limited number of certain parasites within a very specific class of the parasites. The major factors that are driving the growth of the global parasitic drugs market include the growing prevalence of parasitic infections among the global populace, economic nature of the drugs, rising novel drug treatment, ease of direct purchase due to the access to OTC drugs, high acceptance and adoption in emerging economies, and the constant innovations and developments of drugs.
Further, the market growth is also driven by the growing number of programs initiatives to create awareness among the population regarding such infections. Thus, to further eliminate parasitic diseases, such programs and campaigns are further anticipated to contribute to market growth. Further, increased funding for R&D coupled with the high prevalence of parasitic infections, and the approval of therapeutics to treat parasitic diseases are the major factors adding to the overall market growth. Researchers around the globe are increasingly focusing on the development of vaccines due to the high prevalence of malaria.
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Diseases such as visceral leishmaniasis and cutaneous leishmaniasis can be prevented with the help of prophylactic vaccines. The development and consumption of such vaccines help in controlling parasitic diseases. This development is expected to have a positive impact on the overall market growth. The major drugs that are covered in the market include antiprotozoal therapeutics, anthelminthic therapeutics, and Scabicides and pediculicides therapeutics. Furthermore, some key players operating in the market include Bayer AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, and Pfizer Inc., among others.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Bayer AG, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, and Pfizer Inc., among others.
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Global Parasitic Diseases Therapeutic Market by Segment
By Product
• Antiprotozoal Therapeutics
• Anthelminthic Therapeutics
• Scabicides
• Pediculicides Therapeutics
By Application
• Hospital
• Clinic
• Homecare Setting
Global Parasitic Diseases Therapeutic Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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