What is Ivermectin?
Ivermectin is an anthelmintic medication which is a prescription drug used to treat many types of parasite infections available in different forms like oral tablets, cream, and lotion under different brand names Stromectol, Soolantra. Ivermectin treat the skin infections called strongyloidiasis, it is also used to control onchocerciasis helping improve quality of life, people with weak immune system curing the infections can reduce the risk of developing a life-threatening infection. Currently, Ivermectin is being researched on the treatment for virus SARS-CoV-2 that causes COVID-19.
The market study is broken down, by Application (Hospitals, Clinics and Research Centre) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck & Co., Inc. (United States), Perrigo Company plc (Ireland), Galderma Laboratories LP (United States), MedinCell S.A (France), Hebei Veyong Animal Pharmaceutical Co., Ltd., (China), Hovione Farmaciencia (Portugal), Shandong Qilu King-Phar Pharmaceutical Co., Ltd. (China) and Zydus Cadila (India) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Ivermectin market by Type, Application and Region.
On the basis of geography, the market of Ivermectin 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). If we see Market by Form, the sub-segment i.e. Oral Tablet will boost the Ivermectin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Aged 18-65 Years will boost the Ivermectin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 6th April 2020, MedinCell has launched a COVID-19 research initiative based on its experience to formulate long-acting injectable Ivermectin. and First in-vitro validation of the impact of Ivermectin on Covid-19 by Australian researchers. Future clinical studies will have to confirm the action of Ivermectin on the Covid-19 virus, and the potential effectiveness of a long-acting injectable on its prevention and therefore breaking the chain of transmission.
"Ivermectin tablets are approved for use in humans for the treatment of some parasitic worms (intestinal strongyloidiasis and onchocerciasis) and ivermectin topical formulations are approved for human use by prescription only for the treatment of external parasites such as headlice and for skin conditions such as rosacea. Ivermectin is FDA-approved for use in animals for the prevention of heartworm disease in some small animal species, and for the treatment of certain internal and external parasites in various animal species. People should never take animal drugs, as the FDA has only evaluated their safety and effectiveness in the particular species for which they are labeled. Using these products in humans could cause serious harm."
Market Trend
- Continuous Research and Development on Ivermectin for Drug Discovery for Severe Diseases
Market Drivers
- Increasing Prevalence of Parasitic Infections on Skin
- Demand for Parasitic Drug for Animals
Opportunities
- Increased Spending on Pharmaceutical Industry
- Clinical Trials on Ivermectin for Drug Testing
Restraints
- Side Effects Associated with Consumption of Ivermectin
Challenges
- Stringent Regulatory Standards on Ivermectin
- Less Awareness about the Skin Related Problems and its Treatment
Key Target Audience
Ivermectin Manufacturers, Ivermectin International Traders, Ivermectin Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.