Malaria Treatment Market, Size, Demand, and Future Outlook: Global Industry Trends and Forecast to 2030

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Data Bridge Market Research analyses a growth rate in the malaria treatment market in the forecast period 2023-2030. The expected CAGR of malaria treatment market is tend to be around 6.6% in the mentioned forecast period.

Explore Further Details about This Research Malaria Treatment Market Report https://www.databridgemarketresearch.com/reports/global-malaria-treatment-market

Malaria Treatment Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2023 to 2030
Base Year	2022
Historic Years	2021 (Customizable to 2015 - 2020)
Quantitative Units	Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered	Agent (Plasmodium Falciparum, P. Vivax, P. Ovale, P. Malariae and P. Knowlelsi), Type (Medication and Vaccination), Treatment Type (Suppressive Treatment and Radical Treatment), Drug Type (Branded and Generics), Route of Administration (Oral and Parenteral), End User (Hospitals, Specialty Clinics, Diagnostic Centers and Others), Distribution Channel (Direct Tender, Hospital Pharmacies, Retail Pharmacies and Online Pharmacies)
Countries Covered	U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered	Actiza Pharmaceutical Private Limited (India), Amneal Pharmaceuticals LLC. (U.S.), Hikma Pharmaceuticals PLC (U.K.), Cipla Inc. (India), Lupin (India), Ipca Laboratories Ltd (India), Mylan N.V. (U.S.), Sun Pharmaceutical Industries Ltd. (India), Zydus Group (India), MMV (Switzerland), Novartis AG (Switzerland), Sumaya Biotech (Germany), Taj Pharmaceuticals Limited (India), OSIVAX (France), Strides Pharma Science Limited (India)
Market Opportunities	Increasing Diagnostic Tests For Malaria Increasing Strategic Alliances and Agreements

Market Definition

Malaria is a kind of deadly infectious disease that is caused by the Plasmodium parasite. The varied medication categories for malaria treatment include primaquine, mefloquine, quinine, chloroquine, hydroxychloroquine, non-artemisinin based combinations (non-acts), artemisinin-based combination therapy (ACT), and others. The incidence of wide range of malaria treatment products will offer a better patient experience with reducing the risk of death.

Malaria Treatment Market Dynamics

Drivers

Rising Prevalence of Malaria

As per tehe statistics of WHO, in 2012, India had the highest incidence of malaria in this region with an estimated 24 million cases every year,which Indonesia followsIndonesia, Pakistan, Myanmar, and Papua New Guinea follow. In the 22 countries in Asia and the Pacific where the disease is predominant, more than 80% of the population is at increased risk of getting malaria. Apart from this, the increasing number of traveller malaria cases is also leading to the demand for the malaria treatment modalities, as every year, thousands of people travel to the malaria-affected region. Thus, this boost the growth of the treatment market.

Increasing Demand of Direct Tender Channel

The direct tender segment is increasing the malaria treatment market since direct tender holds the largest market share combined with the highest CAGR. It is mostly because of the service providers who buy the product from numerous manufacturers and it is noticed that revenue from direct sales is more influential and increasing in the malaria treatment market.

Opportunities

Growing Diagnostic Tests For Malaria

Several companies are manufacturing rapid diagnostic tests with high sensitivity. For instance, numerous researchers from Rice University came up with a simple microneedle patch similar to a bandage to detect malaria, to reduce the burden of disease in countries struggling with poor health infrastructure in November 2020. The microneedles in the patch collect interstitial fluid containing few biomarkers that aids in detecting malaria. Thus, this boost the market growth.

Growing Strategic Alliances and Agreements

There have been growing alliances and agreements between organizations that lead to the immense growth of the market. For instance, ADVANZ PHARMA Corp. Limited entered into an agreement to acquire Correvio Pharma Corp which is a specialty pharmaceutical company in May 2020. The acquisition provided ADVANZ PHARMA with an immediate and direct commercial presence in France, Germany, Italy, Spain, and the Benelux region.

Highlights of Following Malaria Treatment Market Key Factors:-