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The global antiprotozoal drugs market is witnessing significant growth due to the rising burden of protozoan infections in the tropical and subtropical regions. The drugs are a class of medications that are designed to treat diseases caused by protozoan parasites. These parasites are single-celled organisms that cause a range of illnesses in humans, including malaria, amoebiasis, giardiasis, leishmaniosis, trichomoniasis, and others.
Rising Incidence of Protozoal Diseases to Drive Global Market Growth
The increasing burden of protozoal diseases, such as malaria, schistosomiasis, and leishmaniasis, significantly impacts the low-income countries around the globe. The rise in the cases of the disease is due to lack of hygiene, contaminated food and water, vector-borne transmission via mosquitoes, and climate change, which are certain reasons associated with the growth of these parasitic infections.
Such a large number of cases associated with protozoan parasitic diseases leads to an increased demand for antiprotozoal drugs and drives market growth.
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According to the World Health Organization and Medicine for Malaria Venture (MMV), globally, an estimated 231.0 million cases were registered for malaria in 2019, which increased to 249.0 million cases in 2022.
Side Effects Associated with the Drugs May Hamper Market Growth
Despite the critical need and increased usage of antiprotozoal drugs, one of the strongest hindrances to market growth is the hazardous side effects of antiprotozoal drug treatment.
Rising Advancements in Pharmanceutical Technologies to Create New Growth Opportunities
In recent years, the advancements in pharmaceutical technologies and rising expenditure for research and development have led to the increased launch of new treatment options for neglected diseases. Further, the increasing focus of key players in the market to receive approval and launch novel treatment options for sleeping sickness diseases is expected to drive the growth of the market during the forecast period.
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By Disease Indication |
By Route of Administration |
By Distribution Channel |
By Geography |
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The report covers the following key insights:
Based on disease indication, the market is segmented into malaria, amoebiasis, giardiasis, trichomoniasis, chagas disease, and others.
The malaria segment held a significant share of the global market. The rising cases of malaria in the medium to lower-economic countries is propelling the growth of the antiprotozoal drugs market and boosting the segment growth.
Additionally, the rising awareness programs in key countries for malaria prevention and increasing product launches for antimalarial drugs by key players are driving the segment growth.
Based on the route of administration, the market for antiprotozoal drugs is categorized into oral and parenteral.
The oral segment held a substantial share of the market. The growth of the segment is attributed to the presence of a wide range of antiprotozoal drug products in the tablet or oral suspension forms. Further, the oral dosage forms have become the preferred formulation choice and encourage better patient compliance due to their low cost and ease of availability. Moreover, increasing approvals and product launches in the oral dosage forms are expected to boost the segment growth.
Based on distribution channel, the market is subdivided into hospital pharmacies, drug stores and retail pharmacies, and online pharmacies.
The drug stores and retail pharmacies segment held a significant market share. Retail pharmacies provide patients immediate, local access to personalized services. The growth is attributed to enhanced accessibility, support services, and community engagement initiatives, which help effectively manage the patient's condition. Further, an increasing number of retail pharmacy stores is expected to fulfill the rising demand for antiprotozoal drugs, propelling the segment growth.
Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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North America accounted for a substantial share of the global antiprotozoal drugs market in 2023. The regional growth is attributed to the presence of key players in the market with diversified product offerings for the protozoal treatment. Further, the presence of advanced healthcare facilities with reimbursement and insurance coverages for treatment and an increase in research activities and clinical studies associated with antiprotozoal drugs in the region is expected to propel the regional growth.
Europe has a considerable share of the global antiprotozoal drugs market. The presence of advanced healthcare facilities and strong regulatory bodies is owing to the growth of the region. The presence of key players in the market with diversified product offerings is expected to boost the growth of the region in the market.
Moreover, the Middle East and Africa market is expected to expand due to the rising prevalence of protozoal diseases and the increasing burden of infectious diseases. Additionally, increase in initiatives of the manufacturers to increase the production of antiprotozoal drugs to provide effective treatment to the patients is set to propel industry expansion.
The global antiprotozoal drugs market is fragmented, with the presence of several multinational and regional players:
The report includes the profiles of the following key players:
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