Market Analysis and Insights: Global Malaria Treatment Market
Malaria treatment market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% in the forecast period of 2020 to 2027 and is expected to reach USD 8,90,834.96 thousand by 2027.
High prevalence and disease burden of malaria as well as increase in government initiation and expenditure for prevention of malaria are the major drivers which propelled the demand of the market in the forecast period.
Global malaria treatment market is growing tremendously across the globe due to the rise in medical insurance and additionally pandemic outbreak of coronavirus disease (COVID-19) across globe. The various categories of the medication malaria treatment include chloroquine, mefloquine, quinine, primaquine, hydroxychloroquine, artemisinin-based combination therapy (ACT), non-artemisinin based combinations (non-acts) and others. The increased research and development activities lead to the increased product launch by key market players of the global malaria treatment market. However adverse effects and risks associated with anti-malaria may hamper the future growth of malaria treatment market.
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The malaria treatment market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Malaria Treatment Market Scope and Market Size
Global malaria treatment market is categorized into seven notable segments which are based on the basis of agent, type, treatment type, drug type, route of administration, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.
• On the basis of agent, the malaria treatment market is segmented into plasmodium falciparum, P. vivax, P. ovale, P. malariae and P. knowlelsi. In 2020, plasmodium falciparum segment is dominating the malaria treatment market due to its rapid transmission. Additionally, climate condition and humidity of Sub-Saharan Africa is enhancing the transmission of malaria by the virtue of plasmodium falciparum.
• On the basis of type, the malaria treatment market is segmented into medication and vaccination. In 2020, vaccination medication segment is dominating the malaria treatment market as it is cost effective, easily accessible and is a primarily treatment for the malaria patient pool.
• On the basis of treatment type, the malaria treatment market is segmented into suppressive treatment and radical treatment. In 2020, the suppressive treatment segment is dominating the malaria treatment market because it is considered to be the primary and fundamental treatment. Moreover, enormous demand of suppressive treatment worldwide acts as another driving factor for the malaria treatment market growth.
• On the basis of drug type, the malaria treatment market is segmented into branded and generics.In 2020, generics segment is dominating the malaria treatment market because it is cost-effective in comparison to the branded drugs.
• On the basis of route of administration, the malaria treatment market is segmented into oral and parenteral. In 2020, oral segment is dominating the malaria treatment market because it is considered to be the first line of therapy. Moreover, low manufacturing cost of tablets, capsules and other orally administered drugs act as another driving factor for the malaria treatment market growth.
• On the basis of end user, the malaria treatment market is segmented into hospitals, specialty clinics, home healthcare and others. In 2020, hospitals segment is dominating the malaria treatment market because of the increased healthcare expenditure by hospitals on advanced medical treatment.
• On the basis of distribution channel, the malaria treatment market is segmented into direct tender, hospital pharmacies, retail pharmacies and online pharmacies. In 2020, direct tender segment is dominating the malaria treatment market because direct tender holds the largest market share along with the highest CAGR because most of the service providers buy the product from manufacturers, and it is noticed that revenue from direct sales is higher; so it is influential as well as growing in the malaria treatment market.
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Malaria treatment Market Country Level Analysis
Malaria treatment market is analyzed and market size information is provided on the basis of agent, type, treatment type, drug type, route of administration, end user and distribution channel.
The countries covered in the Malaria treatment market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Nigeria, Democratic Republic of the Congo, Uganda, Mozambique, Niger, Côte d’Ivoire, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Kuwait and Rest of Middle East and Africa.
Nigeria in Middle East and Africa region is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of enormous prevalence of malaria vector-borne disease. Prevalence of malaria is enormous in the U.S., which is the dominating country in North America and usually impacts vulnerable populations every year. In India, there are regional zone where transmission of malaria is erratic or prone to epidemics; owing to climate, temperature and humidity, therefore the country is dominating in the Asia-Pacific region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Continuous Increasing Initiative Awareness Activities for Malaria Treatment are Boosting the Malaria Treatment Market Growth.
Malaria treatment market also provides you with detailed market analysis for every country growth in Malaria treatment industry. Moreover it provides the detail information of growing public-private partnership owing to initiative activities by healthcare organization. The data is available for historic period 2010 to 2018.
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Competitive Landscape and Malaria Treatment Market Share Analysis
Malaria treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Malaria treatment market.
The major companies which are dealing in the Malaria treatment are Actiza Pharmaceutical Private Limited, AdvaCare Pharma, Amneal Pharmaceuticals LLC., Hikma Pharmaceuticals PLC, Ipca Laboratories Ltd., Mylan N.V., Sun Pharmaceutical Industries Ltd., Zydus Cadila, Cipla Inc., Bliss GVS Pharma Ltd., GeoVax, MMV, Novartis AG, Sumaya Biotech, Taj Pharmaceuticals Limited, VLP Therapeutics, OSIVAX, Lupin Pharmaceuticals, Inc. (a subsidiary of LUPIN), Inc., AJANTA PHARMA, Strides Pharma Science Limited, sanofi-aventis U.S. LLC (a subsidiary of Sanofi), among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the malaria treatment market.
• In August 2017, Novartis and Medicines for Malaria Venture (MMV) have declared a patient study for KAF156, the next generation of anti-inflammatory rheumatic compounds with the potential to treat drug-intolerant strains of the malaria parasite. The experiment has tested the activity of KAF156 together with a new, improved combination of existing anti-malarial malaria cases.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the malaria treatment market which also provides the benefit for organization to improve their offering for malaria treatment.
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