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.
Highlights from Antiparasitic Drugs Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
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 forecasted period.
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). Antiparasitic Drugs Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hospitals, Specialty Clinics and Others |
Type | Anthelmintics [Benzimidazole, Ivermectin, Pyrantel], Scabicides and Pediculicides [Lindane, Benzyl Benzoate], Antiprotozoals [Chloroquine, Pyrimethamine] and Others |
Route of Administration | Oral,Injectable,Topical |
Indication | Giardiasis,Trichuriasis,Filariasis,Neurocysticercosis,Hydatid Disease,Pinworm Disease,Cysticercosis,Ascariasis,Others |
Distribution Channel | Hospital Pharmacies,Retail Pharmacies,Online Pharmacies |
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.
Influencing Trend:
Affordability of Drugs and The Rising Trend in Convenience of Direct Purchase
Market Growth Drivers:
Rising Prevalence of Parasitic Diseases Such As Chagas Disease and Increasing Novel Drug Treatment
Challenges:
Stiff Competition among Existing Players and Lack of Awareness among the Rural Population in Developing and Underdeveloped Economies
Restraints:
High Possibilities of Substance Abuse and Addiction and Complications and Severity Involved In Taking Wrong Medications Due To Misdiagnosis or Incorrect Self-Diagnosis
Opportunities:
High Adoption and Acceptance in Developing Markets and The Increasing Research and Development of Novel Treatments
Key Target Audience
Providers of Antiparasitic Drugs, Suppliers and Distributors of Antiparasitic Drugs, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
Market Leaders & Development Strategies
In Jun 11, 2021, Ipca Laboratories acquired 13.09 per cent stake in Trophic Wellness Pvt Ltd. The company hold 52.35 per cent of the paid-up equity share capital of Trophic Wellness Pvt Ltd (TWPL). This acquisition helped company to expand its presence in antiparasitic drugs market
In April 2023, Ipca Laboratories acquired 33.38 per cent stake in Unichem Laboratories from one of its promoters for Rs 1,034.06 crore. according to agreement Ipca acquired 2,35,01,440 shares of Unichem from one of its promoters at a price of Rs 440 per share aggregating to Rs 1,034.06 crore, the companies said in a joint statement. This acquisition helped company to expand its presence in antiparasitic drugs market