Medical Devices

Trends Of The Malaria Treatment Market Forecast to 2021-2027 By Sun Pharmaceutical Industries Ltd, Sanofi, GlaxoSmithKline plc

The malaria treatment market was valued at US$ 1,508.12 million in 2019 and is projected to reach US$ 2,126.42 million by 2027; it is expected to grow at a CAGR of 4.4% from 2020 to 2027.

Malaria is a life-threatening infectious disease caused by the Plasmodium parasite. The high prevalence of malaria in low-income countries and increasing initiatives undertaken by governments globally are driving the malaria treatment market, and is also expected to foster the market growth during the forecast period. However, increasing resistance to antimalarial drugs is restricting the market growth.

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In the early phase of the pandemic owing to the urgency for efficient COVID-19 treatment therapeutics, in April 2020, the European Medicines Agency started investigation of Chloroquine and hydroxychloroquine (antimalarial drugs) for their potential to treat COVID-19. This has led to the increase in demand of antimalarial drugs in the management of COVID-19.

Market Insights

High Prevalence of Malaria in Low-Income Countries Drives Malaria Treatment Market Growth

Malaria is a life-threatening infectious disease caused by the Plasmodium parasite and spread by female Anopheles mosquitoes. The malaria epidemic is on the rise, and climate change is further creating an environment for vector mosquitoes to thrive. As per the WHO, around 229 million malaria cases and ~409,000 deaths were recorded globally in 2019. Malaria has predominantly affected tropical regions, including Africa and Asia, Central and South America. Also, most cases of malaria occur in Africa, South-East Asia, the Eastern Mediterranean, and Western Pacific.

Global Manufacturers of Malaria Treatment Market Report Are:

Advanz Pharmaceutical
Ipca Laboratories Ltd
Zydus Cadila
Glenmark
Olympus Corporation
Abbott
Sun Pharmaceutical Industries Ltd
Sanofi
GlaxoSmithKline plc
Novartis AG
TEVA PHARMACEUTICAL INDUSTRIES LTD

As per the WHO, African region accounts for the highest share of the global malaria burden. As per the WHO, in 2019, the region accounted for around 94% of malaria cases and deaths. Also, six countries in the region accounted for half of all malaria deaths worldwide: Nigeria (23%), the Democratic Republic of the Congo (11%), United Republic of Tanzania (5%), Burkina Faso (4%), Mozambique (4%) and Niger (4%). Children and pregnant women are the most vulnerable group affected by malaria. In 2019, children accounted for 67% (274,000) of all malaria deaths worldwide.

Malaria Treatment Market – by Treatment Type

Vaccine
Antimalarial Agents
Diagnostic Test

Malaria Treatment Market – by End User

Hospitals
Specialty Clinics
Others

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the malaria treatment market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global malaria treatment market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.