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Albendazole Anthelmintic Drug Market Key Findings, Company Profiles and Trends till 2028
Albendazole Anthelmintic Drug Market
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Additionally, it has been used to treat filaroides infections and giardia infections in dogs. It works by stopping sugar absorption by worms, so the energy production is diminished and results in immobilization and death of the parasite.
SEGMENTATION
Based on type, the global albendazole anthelmintic drug market is segmented into tablets, capsules and others.
On the basis of application, the market is bifurcated into human and veterinary.
MARKET DYNAMICS
Drivers
- Growing incidences of neurocysticercosis infection and high prevalence of human parasitic worm infections drive the albendazole anthelmintic drug market.
- Rising awareness about soil-transmitted infections and filarial infections in humans and rising incidences of helminthic infection boosts the market growth.
- Rise in awareness about veterinary care favour growth of the global market.
- Growing government initiatives for creating awareness to eradicate the infection and increasing awareness about combination therapy in order to reduce the drug resistance in animals propel market growth.
- Rising innovations in anthelmintic drugs and expanding R&D activities for new drug development fuel the market growth.
Restraints
- Side effects associated with albendazole anthelmintic drugs.
- Rise in multidrug-resistance.
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IMPACT OF COVID-19 ON ALBENDAZOLE ANTHELMINTIC DRUG MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of COVID-19, has surged an unprecedented demand for medication that are capable of fighting off the novel coronavirus infection. Some companies are validating promising potentials of anthelmintic drug therapy for treatment of COVID-19. As a result, niclosamide has been found to be potentially effective in many countries for treating coronavirus patients. Hence, this led to increased drug demand in the market. Companies in the anthelmintic drugs market are taking extra efforts to conduct clinical trials in existing therapeutic drugs that may be effective in coronavirus treatment, this overall results in high demand for albendazole anthelmintic drug in the forecast period.
Top Players:
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the albendazole anthelmintic drug market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Amneal Pharmaceuticals Inc
Cipla Inc.
Sun Pharmaceutical Industries Ltd
GlaxoSmithKline
Salius Pharma
Sequent Scientific
K.A. Malle Pharmaceuticals
Jiangsu Qihui
Supharma Chem
Fredun Pharmaceuticals Ltd
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Albendazole is a broad-spectrum anthelmintic that works primarily by inhibiting tubulin polymerization, which leads to the loss of cytoplasmic microtubules. It causes the parasite's energy output to be depleted, resulting in immobility and death.
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