Global Malaria Treatment Market Poised for Growth, Expected to Reach $1.94 Billion by 2028
Malaria Treatment Global Market Report 2024: Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Malaria Treatment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 5, 2024 /EINPresswire.com/ -- The global malaria treatment market has shown robust growth in recent years, with revenues expected to increase from $1.49 billion in 2023 to $1.57 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.1%. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. This growth can be attributed to advancements in effective drugs, vector control efforts, global health initiatives, scientific research, and health infrastructure development.
Rising Incidence and Healthcare Initiatives Drive Market Growth
The high incidence of malaria, a life-threatening mosquito-borne disease caused by the Plasmodium parasite, is a significant driver for the market. Factors such as poverty, limited healthcare access, climate change, inadequate malaria control measures, and drug resistance contribute to its prevalence. Malaria treatment plays a crucial role in managing and curing infections, addressing symptoms like recurring fever and flu-like symptoms.
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Major Players and Strategic Alliances
Key players in the malaria treatment market include Pfizer Inc., Merck & Co., Johnson & Johnson, and others, who focus on developing innovative treatments and strengthening their market presence. Strategic partnerships, such as PATH's collaboration with Medicines for Malaria Venture (MMV) to develop child-friendly treatments for P. vivax malaria, highlight industry efforts towards disease eradication.
Market Segments
The malaria treatment market is segmented based on treatment type, route of administration, distribution channel, and end-user:
• Treatment Types: Prescription Medications, Vaccines, Diagnostic Tests, Other Treatments
• Route of Administration: Oral, Parenteral, Intravenous
• Distribution Channels: Direct Tender, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
• End Users: Hospitals, Specialty Clinics, Homecare, Other End Users
Regional Insights: Asia-Pacific Leads Growth
In 2023, Middle East and Africa dominated the malaria treatment market, while Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. Detailed regional dynamics and growth opportunities are covered extensively in the complete report.
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Malaria Treatment Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Malaria Treatment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on malaria treatment market size, malaria treatment market drivers and trends, malaria treatment market major players, competitors' revenues, market positioning, and market growth across geographies. The malaria treatment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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