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Comprehensive 2025 Malaria Treatment Market Overview: Trends, Forecasts, and Growth Drivers
Malaria Treatment Market
What Is the Expected CAGR for the Malaria Treatment Market Through 2025?
Over the past few years, there has been a consistent growth in the size of the malaria treatment market. The market, which stands at $1.55 billion in 2024, is projected to expand to $1.61 billion in 2025, registering a compound annual growth rate (CAGR) of 3.9%. Factors such as the development of successful medications, enhancements in vector control strategies, worldwide health campaigns, advancements in scientific research, and the establishment of improved health infrastructure have contributed to this historical growth.
What's the Projected Size of the Global Malaria Treatment Market by 2029?
In the coming years, the market size for malaria treatment is predicted to experience substantial growth, reaching an estimated value of "$2.03 billion in 2029", with a compound annual growth rate (CAGR) of 6.0%. This projected growth can be ascribed to factors such as monitoring of drug resistance, impact of climate change, utilization of precision medicine and genomic methods, reforms in healthcare financing, and the incorporation of digital health solutions. During the forecast period, key trends are expected to emerge including the enhancement of epidemiological surveillance, the integration of alternative medicine, the development of a malaria vaccine, the implementation of data-centric treatment schemes, and the augmentation of education and training programs.
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Top Growth Drivers in the Malaria Treatment Industry: What's Accelerating the Market?
The surge in malaria cases is predicted to stimulate the expansion of the malaria treatment market. Malaria, a potentially fatal disease transmitted by mosquitos and caused by the Plasmodium parasite, is characterized by recurrent fevers and symptoms similar to the flu. Factors contributing to this trend include poverty, limited healthcare accessibility, climate change, inadequate malaria prevention strategies, and resistance to drugs. Treatments for malaria effectively manage and eradicate the infection instigated by the Plasodium parasite. For example, the World Health Organization, which is an intergovernmental organization based in Switzerland, mentioned in their World malaria report 2023 that global malaria cases hiked to 249 million in 2022, marking a growth of five million from 2021. Therefore, the high prevalence of malaria is influencing the progression of the malaria treatment market.
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What Are the Key Trends Driving Malaria Treatment Market Growth?
Key players in the malaria treatment market are advancing technologies such as the VERV Program to improve the efficacy and performance of malaria diagnosis and treatment methods, with the ultimate goal of lessening the impact of the disease in areas where it's prevalent. The VERV Program is an initiative by the EPA designed to stimulate the creation of new mosquito control measures to combat diseases like malaria through accelerated review vouchers for registration. For example, the US-based government agency, the Environmental Protection Agency (EPA), initiated the Vector Expedited Review Voucher (VERV) Program in December 2023. The VERV Program intends to offer financial rewards to businesses that create novel pesticides aimed specifically at mosquito groups resistant to traditional insecticides. The program aims to streamline the registration procedures for eligible products, thus hastening their introduction into the market.
What Are the Main Segments in the Malaria Treatment Market?
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
Subsegments:
1) By Prescription Medications: Antimalarial Drugs, Prophylactic Medications
2) By Vaccines: RTS,S Or AS01, Other Experimental Vaccines
3) By Diagnostic Tests: Rapid Diagnostic Tests, Microscopy-Based Tests, Polymerase Chain Reaction (PCR) Tests
4) By Other Treatments: Supportive Care, Herbal Remedies, Vector Control Measures
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Which Top Companies are Driving Growth in the Malaria Treatment Market?
Major companies operating in the malaria treatment market include Pfizer Inc., Merck & Co., Johnson & Johnson, Roche Holding AG, Bayer AG, Novartis AG, Sanofi SA, AstraZeneca Plc, GlaxoSmithKline PLC., Takeda Pharmaceutical Company Limited, Sumitomo Chemical Co. Ltd., Viatris Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Serum Institute of India, Cipla Ltd., Amneal Pharmaceuticals LLC, Lupin Ltd., Zydus Lifesciences Limited, Ipca Laboratories Ltd., Chongqing Holley Pharmaceutical Co. Ltd., Zydus Lifesciences Ltd., Medicines Sans Frontières, Strides Pharma Science Limited, Swiss Tropical and Public Health Institute (Swiss TPH), AdvaCare Pharma USA LLC, Medicines for Malaria Venture (MMV), VLP Therapeutics LLC, Actiza Pharmaceutical Private Limited
Which Regions Will Dominate the Malaria Treatment Market Through 2029?
Middle East and Africa was the largest region in the malaria treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the malaria treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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