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Anthelmintic Drugs Market Size will Estimated to Reach USD 3.7 Billion, Growing at a CAGR of 3.9% by 2031 | TMR Research
Anthelmintic Drugs Market
Anthelmintic Drugs Market (구충제 시장) is expected to grow at a CAGR of 3.9% from 2023 to 2031 and reach US$ 3.7 Bn by the end of 2031
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Overview of Anthelmintic Drugs Market
The global anthelmintic drugs market is expanding due to the increasing prevalence of parasitic infections, growing awareness about these infections, and the development of new and effective drugs. The market is segmented by type of drug (benzimidazoles, imidazothiazoles, macrocyclic lactones, others), application (human use, veterinary use), distribution channel (hospital pharmacies, retail pharmacies, online pharmacies), and geographical regions.
Top Companies:
Novartis AG
Zoetis, Inc.
Amneal Pharmaceuticals, Inc.
Cipla Inc.
Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
Sun Pharmaceutical Industries Ltd.
GlaxoSmithKline plc
Bayer AG
Merck & Co. Inc. (Intervet Inc.)
Boehringer Ingelheim International GmbH
Recent Developments in Targeted Therapeutics Market
Recent Developments in Anthelmintic Drugs Market
Recent advancements and trends in the anthelmintic drugs market include:
New Drug Formulations: Development of new drug formulations and combinations that are more effective and have fewer side effects.
Resistance Management: Research focused on understanding and managing drug resistance in parasitic worms to improve treatment outcomes.
Broad-Spectrum Anthelmintics: Introduction of broad-spectrum anthelmintic drugs that can target multiple types of parasitic infections.
Veterinary Applications: Advances in veterinary anthelmintic drugs aimed at improving animal health and productivity, particularly in livestock.
Public Health Initiatives: Increased public health initiatives and programs aimed at controlling parasitic infections, particularly in endemic regions.
Drivers of Market Growth
Several factors contribute to the growth of the anthelmintic drugs market:
High Prevalence of Parasitic Infections: Increasing incidence of parasitic infections, particularly in developing regions, driving the demand for effective anthelmintic drugs.
Improved Diagnostic Techniques: Advancements in diagnostic techniques facilitating early and accurate detection of parasitic infections, leading to timely treatment.
Growing Awareness: Rising awareness about parasitic infections and their impact on health promoting the use of anthelmintic drugs.
Veterinary Health: Increasing focus on veterinary health and the need to control parasitic infections in animals to prevent economic losses in the livestock industry.
Research and Development: Continuous research and development activities leading to the discovery of new anthelmintic drugs and treatment approaches.
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Conclusion
The anthelmintic drugs market is poised for significant growth, driven by the high prevalence of parasitic infections, advancements in diagnostic techniques, growing awareness, focus on veterinary health, and continuous research and development. Innovations in drug formulations, resistance management, broad-spectrum anthelmintics, veterinary applications, and public health initiatives are enhancing the potential and efficacy of anthelmintic treatments.
Market Segmentation
Drug Class
Benzimidazole
Piperazine
Others
Route of Administration
Oral
Injectable
Application
Human
Parenchymal Neurocysticercosis
Gastrointestinal Infections
Animal
Target Pathogen
Ascaris Lumbricoides (Roundworm)
Trichuris Trichiura (Whipworm)
Enterobius Vermicularis (Pinworm)
Ancylostoma Duodenale (Hookworm)
Others
Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Veterinary Pharmacies
Veterinary Hospitals & Clinics
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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