What Does The Forecast For The Global Malaria Treatment Market Look Like?
The malaria treatment market size has seen a steady growth over the years. It is expected to grow from $1.55 billion in 2024 to $1.62 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. This growth can be attributed to the discovery of effective drugs, vector control efforts, global health initiatives, scientific research, and infrastructure development in the healthcare sector.
Furthermore, the malaria treatment market is expected to see strong growth in the next few years. The forecasted growth rate will see the market reach $2.07 billion in 2029 at a CAGR of 6.3%. This growth is expected to be driven by factors such as drug resistance monitoring, the impact of climate change, precision medicine and genomic approaches, healthcare financing reforms, and the integration of digital health solutions. Key trends for the forecast period include enhancements in epidemiological surveillance, the integration of alternative medicine, malaria vaccine development, data-driven treatment programs, and education and training programs.
Get Your Free Sample of The Global Malaria Treatment Global Market Report 2024 Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=11939&type=smp
What Factors Will Drive The Malaria Treatment Market?
The high incidence of malaria worldwide is a primary growth driver for the malaria treatment market. Malaria, a serious disease caused by the Plasmodium parasite transmitted through mosquito bites, often leads to recurring fever and flu-like symptoms. Factors such as poverty, limited access to healthcare services, climate change, lack of effective malaria control measures, and drug resistance contribute to the high incidence rate. Effective malaria treatment helps to manage and cure the infection. According to the World Malaria Report 2023 by the World Health Organization, global malaria cases reached 249 million in 2022, an increase of five million from the previous year, thus propelling the market’s growth.
What Are The Major Market Segments Of The Global Malaria Treatment Market?
1) By Treatment: Prescription Medications, Vaccines, Diagnostic Tests, Other Treatments
2) By Route Of Administration: Oral, Parenteral, Intravenous
3) By Distribution Channel: Direct Tender, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
4) By End User: Hospitals, Specialty Clinics, Homecare, Other End Users
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/malaria-treatment-global-market-report
Which Major Players Are Dominating The Malaria Treatment Market?
Major companies operating in the malaria treatment market include Pfizer Inc., Merck & Co., Johnson & Johnson, Roche Holding AG, Bayer AG, Novartis AG, Sanofi SA, AstraZeneca Plc, GlaxoSmithKline PLC., Takeda Pharmaceutical Company Limited, Sumitomo Chemical Co. Ltd., Viatris Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Serum Institute of India, Cipla Ltd., Amneal Pharmaceuticals LLC, Lupin Ltd., Zydus Lifesciences Limited, Ipca Laboratories Ltd., Chongqing Holley Pharmaceutical Co. Ltd., Zydus Lifesciences Ltd., Medicines Sans Frontières, Strides Pharma Science Limited, Swiss Tropical and Public Health Institute (Swiss TPH), AdvaCare Pharma USA LLC, Medicines for Malaria Venture (MMV), VLP Therapeutics LLC, Actiza Pharmaceutical Private Limited.
What Trends Are Emerging In The Malaria Treatment Market?
Companies operating in the malaria treatment market are adopting new technologies like the VERV Program to enhance the efficiency of diagnostics and treatments, aiming to reduce the disease burden in endemic regions. The VERV Program, launched by the US Environmental Protection Agency (EPA) in December 2023, encourages the development of new mosquito control products by offering expedited review vouchers for registration. The program provides financial incentives for companies that develop new pesticides targeting mosquito populations resistant to traditional insecticides, facilitating faster registration processes, and expediting market entrance.
What Areas Are Driving The Growth Of The Malaria Treatment Market?
Middle East and Africa was the largest region in the malaria treatment market in 2024. Meanwhile, Asia-Pacific is anticipated to be the fastest-growing region. The malaria treatment market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What to Expect From The Malaria Treatment Global Market Report 2024?
Malaria treatment refers to the medical interventions and procedures involved in diagnosing, managing, and curing malaria, which is a potentially life-threatening mosquito-borne disease caused by the Plasmodium parasite. The Malaria Treatment Global Market Report 2024 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=11939
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
