Neglected Tropical Disease Treatment Market Key Players Analysis - Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., Omega Diagnostics Group PLC, Abbott.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Neglected Tropical Disease Treatment Market - (By Drug Class (Anti-Parasite, Antifungal, Antibiotics, Others), By Disease Type (Leishmaniasis, Schistosomiasis, Lymphatic Filariasis, Chagas Disease, African Trypanosomiasis, Others), By Distribution Channel (Direct Sales, Indirect Sales)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

The Neglected Tropical Disease Treatment Market is valued at US$ 2.9 Bn in 2023, and it is expected to reach US$ 4.4 Bn by 2031, with a CAGR of 5.3% during the forecast period of 2024-2031.

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Neglected tropical disease treatment involves medical techniques and activities, including medication, immunizations, and public health campaigns meant to solve infectious diseases mostly affecting poor communities. Growing international financing and initiatives, improvements in medical technology that improve diagnosis and treatment, and increased worldwide awareness are the main factors propelling the market for neglected tropical disease treatment. Additionally, the market is growing at a rapid pace due to governments actively working to raise community awareness of available therapies in order to promote healthier lifestyle choices. In order to discover novel treatments for these illnesses, numerous businesses are also devoting significant funds to research and development. However, impeding market development are regulatory difficulties and the necessity for specialized knowledge. In addition, neglected tropical disease treatment has been increasingly adopted by companies working with governments and international health organizations to create and spread remedies. Collaborations help to investigate, develop, and implement successful treatments.

List of Prominent Players in the Neglected Tropical Disease Treatment Market:
• Thermo Fisher Scientific, Inc.
• F. Hoffmann-La Roche Ltd.
• Omega Diagnostics Group PLC
• Abbott
• Oscar Medicare Pvt. Ltd.
• Merck Ltd.
• Genome Diagnostics Pvt. Ltd.
• ZeptoMetrix
• Bayer AG,
• GlaxoSmithKline plc
• Novartis AG
• Pfizer, Inc.
• Eisai Co. Ltd.
• Sanofi
• Astellas Pharma
• Takeda Pharmaceutical Company Limited
• Gilead Sciences
• Other Market Players

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Market Dynamics:
Drivers-
The increased need for neglected tropical disease treatment is driven by technological advancements, improvements to healthcare facilities, strong government support, and rising public awareness, which is propelling the neglected tropical disease treatment market demand. Strong backing from governments and international health organizations devoted to eliminating neglected tropical diseases is fueling the expansion of the neglected tropical disease treatment industry. Additionally, new diagnostic tools and therapeutic approaches are reshaping illness management by streamlining the diagnosis and treatment processes. A further important factor is the improvement of healthcare accessibility and quality through the expansion of healthcare infrastructure in undeveloped areas. Companies working together better respond to neglected tropical disease treatment and lessen their worldwide impact, thereby driving market expansion.

Challenges:
A number of factors hamper the market for treatments for neglected tropical diseases. A lack of financing in impacted areas mostly hampers development and therapy dissemination. Pharmaceutical investment is also deterred by the high expense of creating new medications and the absence of financial incentives. Additionally, access to medical treatments is restricted in endemic areas due to limited healthcare infrastructure, and a general lack of knowledge about these diseases diminishes the effectiveness of preventative and treatment initiatives. Furthermore, uncertainty about regulations and the need to make big investments in neglected tropical disease treatment infrastructure are also big problems that make it hard for the market to grow.

Regional Trends:
The North American neglected tropical disease treatment market is anticipated to register a major revenue share. It is projected to grow at a high CAGR in the near future due to the advanced healthcare infrastructure that the region has adopted because of its robust pharmaceutical sectors, which drive innovation. Additionally, with neglected tropical disease treatment breakthroughs, North America also has a supportive regulatory system, a well-established infrastructure, and the presence of major market players. Besides, Europe had a substantial share of the market because of the significance of healthcare infrastructure, which will improve access to treatment. Furthermore, the need for efficient treatments is fueled by the high incidence of diseases like leishmaniasis in these regions.

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Recent Developments:
• In October 2024, Thermo Fisher Scientific Inc., a global leader in science service, unveiled the only fully automated maxi-scale plasmid DNA (pDNA) purification system, the Thermo Scientific™ KingFisher™ PlasmidPro Maxi Processor* (PlasmidPro). With its full automation of small and maxi-scale purification and ability to deliver high-purity plasmids without the need for human column preparation or intervention, PlasmidPro facilitates innovation at scale.
• In August 2024, Merck developed INTerpath-002, a Phase 3 randomized clinical trial that will test V940 (mRNA-4157), an investigational individualized neoantigen therapy (INT), along with KEYTRUDA, Merck's anti-PD-1 therapy, as an extra treatment for people with Stage II, IIIA, or IIIB non-small cell lung cancer (NSCLC) that has been completely removed (R0) and has nodal involvement (N2). The INTerpath-002 is now being enrolled by people all over the world.

Segmentation of Neglected Tropical Disease Treatment Market-
By Drug Class-
• Anti-Parasite
• Antifungal
• Antibiotics
• Others
By Disease Type-
• Leishmaniasis
• Schistosomiasis
• Lymphatic Filariasis
• Chagas Disease
• African Trypanosomiasis
• Others
By Distribution Channel-
• Direct Sales
• Indirect Sales
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.