What is Antiparasitic Drugs Market?
Antiparasitics such as anthelmintics, antiprotozoal, and other agents are used in the treatment of parasitic infectious diseases. According to estimates by the WHO in March 2020, 1.5 billion people worldwide are affected by the parasitic disease. These diseases include gastrointestinal problems, anemia, wasting, as well as cognitive and growth deficits in children and other infections. Of every 1.5 billion people who suffer from parasitic infectious diseases, 24% of the world's people are infected with ground-borne helminth infections. Some parasitic infections are life-threatening, while others can cause discomfort if you live a healthy lifestyle. Antiparasitic drugs target the parasitic agents of various infections and attack and destroy them or inhibit their growth and development. These drugs are generally effective and work well against a limited number of specific parasites within a very specific class of parasites. Antiparasitic drugs are antimicrobial drugs that contain antibiotics that target and destroy bacteria. They also include those antifungal drugs that target and destroy fungi. These drugs can hereby be administered topically, intravenously, and orally.
The market study is being classified by Type (Anthelmintics [Benzimidazole, Ivermectin, Pyrantel], Scabicides and Pediculicides [Lindane, Benzyl Benzoate], Antiprotozoals [Chloroquine, Pyrimethamine] and Others), by Application (Hospitals, Specialty Clinics and Others) and major geographies with country level break-up.
Ipca Laboratories Ltd. (India), Zydus Cadila (India), Merck KGaA (Germany), Pfizer (United States), GlaxoSmithKline Plc. (United Kingdom), Cipla Ltd. (India), Ranbaxy Laboratories (India), Novartis AG (Switzerland), Alvizia Health Care (India), Bayer AG (Germany), Roche Holding AG (Switzerland), Arbor Pharmaceuticals Inc. (United States) and Sanofi (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AstraZeneca plc (United Kingdom) and Alkem Laboratories Limited (India).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Antiparasitic Drugs market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Antiparasitic Drugs market by Type, Application and Region.
On the basis of geography, the market of Antiparasitic Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Prevalence of Parasitic Diseases Such As Chagas Disease
- Increasing Novel Drug Treatment
- Affordability of Drugs
- The Rising Trend in Convenience of Direct Purchase
- High Possibilities of Substance Abuse and Addiction
- Complications and Severity Involved In Taking Wrong Medications Due To Misdiagnosis or Incorrect Self-Diagnosis
- High Adoption and Acceptance in Developing Markets
- The Increasing Research and Development of Novel Treatments
- Stiff Competition among Existing Players
- Lack of Awareness among the Rural Population in Developing and Underdeveloped Economies
Key Target AudienceProviders of Antiparasitic Drugs, Suppliers and Distributors of Antiparasitic Drugs, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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