Malaria Treatment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Malaria Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Malaria Treatment Global Market Report 2024, The malaria treatment market size has grown strongly in recent years. It will grow from $1.49 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to discovery of effective drugs, vector control efforts, global health initiatives, scientific research, health infrastructure development.

The malaria treatment market size is expected to see strong growth in the next few years. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to drug resistance monitoring, climate change impact, precision medicine and genomic approaches, healthcare financing reforms, integration of digital health solutions. Major trends in the forecast period include epidemiological surveillance enhancement, alternative medicine integration, malaria vaccines development, data-driven treatment programs, education and training programs.

The high incidence of malaria is expected to propel the growth of the malaria treatment market going forward. Malaria refers to a potentially life-threatening mosquito-borne disease caused by the Plasmodium parasite, characterized by recurring fever and other flu-like symptoms. This shift has resulted from poverty, limited access to healthcare services, climate change, lack of malaria control measures, and drug resistance. Malaria treatment helps to effectively manage and cure the infection caused by the Plasmodium parasite. For instance, in November 2023, according to World Malaria Report by World Health Organization, a Switzerland-based international public health organization, in 2021, 247 million cases of malaria were reported as compared to 245 million cases in 2020. Therefore, the high incidence of malaria is driving the growth of the malaria treatment market.

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The malaria treatment market covered in this report is segmented –

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

The development of novel diagnostic technologies is a key trend gaining popularity in the malaria treatment market. Companies operating in the malaria treatment market are adopting novel diagnostic malaria detection technologies to sustain their position in the market. For instance, in October 2021, Sysmex America Inc., a US-based automated diagnostic technology developer, and manufacturer, launched XN-30- an automated hematology analyzer for malaria detection. The XN-30 has novel features like a violet laser, specialized reagents, and advanced algorithms which enable differentiation between malarial strains like P. falciparum and non-falciparum species and understand their life cycle staging. This detection aids in the effective management of malaria treatment and recovery of the patients.

The malaria treatment market report table of contents includes:

1. Executive Summary
2.Malaria Treatment Market Characteristics
3.Malaria Treatment Market Trends And Strategies
4. Malaria Treatment market analysis
5.Malaria Treatment Market Size And Growth
6.Malaria Treatment Segmentation
7.Malaria Treatment Regional And Country Analysis
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27.Malaria Treatment Competitive Landscape And Company Profiles
28.Malaria Treatment Key Mergers And Acquisitions
29.Malaria Treatment Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• Pfizer Inc.
• Merck & Co.
• Johnson & Johnson
• Roche Holding AG
• Bayer AG
• Novartis AG

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