What is Antimalarial Drug Market?
Malaria is a very highly infectious disease, which usually spreads through a bite of an infected female Anopheles mosquito, by transferring parasites into the human body. Furthermore, these parasites then lodge into the liver cells where they can easily multiply and grow. They then move towards the red blood cells to reach a stage commonly called merozoites. These merozoites further grow inside the red blood cells and then destroy them which further causes the symptoms such as tiredness, fever, vomiting, and headache. In addition, to these, the drugs that are usually used for the treatment and prevention of malarial infection are known as antimalarial drugs. Antimalarial drugs are such agents that are commonly used for treating malaria. If at all an infected anopheles mosquito bites a healthy person, then the infection of a definite protozoan is transmitted into the person. Malaria can be therefore prevented by the usage of the antimalarial drugs in the form of a prophylactic measure before entering into an endemic area. Different antimalarial drugs are used for the various stages of the complete life cycle of the parasite. Some of the antimalarial drugs are very effective against the acute attack of malaria, while some of them are used as prophylactic agents that help in killing the parasite when it enters into the host body. A combination of the drugs are also available for the treatment of malaria. There are various types of drugs, like quinine, proguanil, chloroquine, pyrimethamine, mefloquine, and others, that are available in the market for the purpose of treatment of the malarial infection.
Highlights from Antimalarial Drug Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer (United States), GlaxoSmithKline (United Kingdom), Ranbaxy Laboratories (India), Ipca Laboratories Ltd (India), Zydus Cadila (India), Merck KGaA (Germany), Novartis AG (Switzerland), Alvizia Health Care (India), Bayer (Germany) and Roche Holding AG (Switzerland) |
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 Antimalarial Drug market throughout the forecasted period.
Pfizer (United States), GlaxoSmithKline (United Kingdom), Ranbaxy Laboratories (India), Ipca Laboratories Ltd (India), Zydus Cadila (India), Merck KGaA (Germany), Novartis AG (Switzerland), Alvizia Health Care (India), Bayer (Germany) and Roche Holding AG (Switzerland) are some of the key players profiled in the study. Antimalarial Drug Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hospital Pharmacy, Retail Pharmacy, E-Commerce and Others |
Type | Quinine, Chloroquine, Proguanil, Mefloquine, Pyrimethamine and Others |
Distribution Channel | Online,Medical Stores,Pharmaceuticals,Others |
Form | Tablet,Capsule |
Parasite Type | Plasmodium Falciparum,Plasmodium Vivax,Plasmodium Malariae,Plasmodium Ovale |
On the basis of geography, the market of Antimalarial Drug 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:
Increasing Healthcare Spending and Demand for Drug Therapy
Market Growth Drivers:
Growing Geriatric Population in Major Economies, A Rise In The Prevalence Of Malaria In Developing Countries and The Increasing Awareness Initiatives By Governments And Surge In Research For New Antimalarial Drugs
Challenges:
Availability of Substitutes and Lack Of Awareness About Healthcare
Restraints:
Stringent Government Rules and Regulation and Side Effects Due to Antimalarial Drug
Opportunities:
Research and Development and Product Innovation and Potential Growth From Emerging Countries
Key Target Audience
Manufacturers of Antimalarial Drug, Suppliers and Distributors of Antimalarial Drug, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Market Leaders & Development Strategies
In December 2021, Pfizer acquired Arena Pharmaceuticals with USD 6.7 billion in cash. This acquisition helped company to expand its presence in antimalarial drug market
In December 2021, GSK plc welcomed the decision of the Gavi Board to provide funding for the procurement and introduction of malaria vaccines into routine child immunisation programmes in Gavi eligible countries. This helped company helped to expand its presence in antimalarial drug market