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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Parasitic Diseases Therapeutics Market Outlook
The global parasitic diseases therapeutics market size was valued at USD 1.79 billion in 2023. Rising disposable incomes, increasing population, and the rising prevalence of parasites are the driving factors of this market. The market is anticipated to grow at a CAGR of 5% during the forecast period 2024-2032 to reach a value of USD 2.77 billion by 2032.
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Market Segmentation
Amebiasis, African sleeping disease, trichomoniasis, giardiasis, trypanosomiasis, leishmaniasis, and malaria are all parasitic diseases that need treatment. Based on the product, the parasitic diseases therapeutics market can be divided into:
- Antiprotozoal Therapeutics
- Anthelminthic Therapeutics
- Scabicides And Pediculicides Therapeutics
The EMR report looks into the regional parasitic diseases therapeutics markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Protozoal, along with helminthic worm diseases, have raised the mortality and morbidity of prophylactic therapy. Preventive chemotherapy is used to monitor the spread within a population of helminthic infections. The high prevalence of malaria worldwide prompted researchers to develop different vaccines to prevent the disease from spreading. Researchers are also developing a variety of prophylactic vaccines to treat and prevent skin leishmaniasis and visceral leishmaniasis. The growing acceptance of these prophylactic vaccines for the prevention and control of parasite diseases is one of the key market developments on parasitic diseases, which would have a positive effect on the market growth.
The occurrence of protozoan, helminth, as well as ectoparasite infections, is rapidly rising. The number of individuals infected with whipworms and hookworms is increasing annually. The number of cases of African trypanosomiasis recorded has also increased considerably, particularly in countries in sub-Saharan Africa like Zambia, Tanzania, Uganda, and Malawi. Likewise, in parts of Central America, South America, and Mexico, the prevalence of Chagas disease is high. In addition, the prevalence of schistosomiasis is also rising globally. The increasing prevalence of these parasites will lead to a growing demand for the treatment of parasites. The antiprotozoal therapeutics segment accounted for the largest market share in 2020.
However, the challenges related to the discovery of antiparasitic drugs and disease diagnosis, increased drug resistance, lack of effective therapies, and side-effects may impede the development of the parasite diseases therapeutics industry in the coming years.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global parasitic diseases therapeutics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- F. Hoffmann-La Roche
- Novartis AG
- GlaxoSmithKline PLC
- Sanofi SA
- Pfizer Inc.
- Others
The EMR report gives an in-depth insight into the parasitic diseases therapeutics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Population Type |
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| Breakup by Drug Class |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global parasitic diseases therapeutics market reached a value of USD 1.79 billion in 2023.
The market is anticipated to grow at a CAGR of 5% during the forecast period of 2024-2032 to reach a value of USD 2.77 billion by 2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising prevalence of parasites.
The rising initiatives and programmes to eliminate parasitic diseases is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major products of parasitic diseases therapeutics in the industry are antiprotozoal therapeutics, anthelminthic therapeutics, and scabicides and pediculicides therapeutics.
The leading players in the market are F. Hoffmann-La Roche, Novartis AG, GlaxoSmithKline PLC, Sanofi SA, and Pfizer Inc., among others.
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