What is Chagas Disease Treatment Market?
Chagas disease is spread by contact with feces of an infected insect (triatomine) carrying the agent of the disease, a parasite called Trypanosoma cruzi. This parasitic disease is estimated to affect around 6-7 million people worldwide, primarily in rural areas in Latin America. While more common in South America, it has previously been less common in North America. An increasing number of patients of Chagas disease has projected the growth of the global Chagas disease treatment market in the forecast.
Highlights from Chagas Disease Treatment Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Humanigen, Inc (United States), Savant HWP, Inc (United States), Bayer AG (Germany), Eisai Co., Ltd (Japan), Oblita Therapeutics (Belgium), GlaxoSmithKline plc (United Kingdom), Collaborations Pharmaceuticals, Inc (United States), Astellas Pharma Inc (Japan), Sanofi (France) and Pfizer Inc (United States) |
Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global Chagas Disease Treatment market throughout the forecasted period.
Humanigen, Inc (United States), Savant HWP, Inc (United States), Bayer AG (Germany), Eisai Co., Ltd (Japan), Oblita Therapeutics (Belgium), GlaxoSmithKline plc (United Kingdom), Collaborations Pharmaceuticals, Inc (United States), Astellas Pharma Inc (Japan), Sanofi (France) and Pfizer Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Epichem Pty Ltd (Australia), DAIICHI SANKYO COMPANY, LIMITED (Japan), Novartis AG (Switzerland), Kancera AB (Sweden), AstraZeneca (United Kingdom) and Maprimed S.A. (Argentina). Chagas Disease Treatment Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Hospitals, Homecare, Specialty Clinics and Others |
Type | Acute Chagas Disease and Chronic Chagas Disease |
Drugs | Benznidazole,Nifurtimox |
Treatment | Antiparasitic Treatment,Symptomatic Treatment |
Route of Administration | Oral,Injectable |
Distribution Channel | Hospital Pharmacies,Retail Pharmacies,Online Pharmacies |
On the basis of geography, the market of Chagas Disease Treatment 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:
Emergence of Drugs Used to Treat Complications Associated with Chagas Disease Such As Heart-Related Complications and Digestive-Related Complications
Market Growth Drivers:
Large scape Population Movements Mostly from Ruler Urban Areas of the World Have Increased the Geographic Distribution of the Chagas Disease and Increased Number of Patients with Chagas Disease
Challenges:
Low Healthcare Budget in Some Developing
Restraints:
Limited Operating Revenue Opportunities for Research and Development of Targeted Therapies
Opportunities:
Consumption of Uncooked Food Contaminated With Feces and High Demand for Disease-Specific Novel Treatment
Key Target Audience
Chagas Disease Drugs Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
On 10th August 2020, Bayer has announced that the United States Food and Drug Administration (FDA) has approved Lampit (nifurtimox) for use in pediatric patients (from birth to less than 18 years of age and weighing at least 2.5 kg) for the treatment of Chagas disease (American Trypanosomiasis) caused by Trypanosoma cruzi.
The FDA is committed to making available safe and effective therapeutic options to treat tropical diseases. The FDA approval is based on results from the Chagas disease in children treated with nifurtimox study, the first part of the largest Phase III program ever conducted in pediatric patients for the treatment of Chagas disease.