Lymphatic Filariasis Market is segmented by Diagnosis (Microscopic Examination, Serologic Techniques, Others); by Treatment Type (Surgery, Medication, Others); By Route of Administration (Oral, Parental, Others); By End-Users (Hospitals, Homecare, Specialty Centres, Others); By Distribution Channel (Hospital, Online, Retail Pharmacy); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Lymphatic Filariasis Market Overview
The global lymphatic filariasis market was valued at USD 3.6 billion in 2023. The market is expected to expand at a CAGR of 10.1% from 2023-2032, and is expected to cross value of USD 7.8 billion by the end of 2032.
Lymphatic filariasis usually known as elephantiasis is a hurting and extremely disfiguring disease. Lymphatic filariasis is mainly caused due to the worms like Wuchereria bancrofti, and Brugia malayi occupying the lymphatic system. It impairs the lymphatic system leading to the enlargement of body parts. The increased prevalence of elephantiasis and growing attention towards the treatment of lymphatic filariasis will gear the growth of lymphatic filariasis market. Cipla Inc., Amneal Pharmaceuticals Inc., and Bausch Health are some of the significant parties in the market for Lymphatic Filariasis.
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Lymphatic Filariasis Market Drivers
Some key drivers for the lymphatic filariasis market are:
- Growing Prevalence of Elephantiasis: The prevalence of elephantiasis is rising worldwide. For instance, in around 52 countries, more than 900 million people needed preventive chemotherapy to halt the increase of lymphatic filariasis disease. Therefore, the requirement to treat the disease is projected to boost the growth of the market.
- Climbing Need for Oral Medications: The need for oral medications for treating the disease is desired to escalate the growth of the market. For several patients, orally digestible drugs, which are available in capsule or tablet form, help in the easy consumption of the medicines.
- Soaring Development of New Treatment Options for Lymphatic Filariasis Disease: Numerous medicine manufacturers are driving their attention towards the development of new treatment options thereby increasing the market of lymphatic filariasis market. For instance, continuous research is going on by AbbVie Inc. on a new product called ABBV-4083, which is in the pipeline of drug development for the healing of the disease.
- Improving Healthcare Facilities: Providing aid to the healthcare department by both governmental and non-governmental organizations and upgradation of healthcare facilities creates an opportunity for the rise of the market.
Lymphatic Filariasis Market Challenges
Some challenges facing the Lymphatic Filariasis market are:
- Absence of Trained Personnel: Untrained personnel are ignorant of the skill of the healing methods that are required for the treatment of lymphatic filariasis disease.
- High Price Involved in the Treatment: The treatment method in the lymphatic filariasis market involves high prices thereby challenging the market growth.
- Lack of Attention Towards the Disease: The patients suffering from elephantiasis or lymphatic filariasis disease often pay less attention to the disease. As a result, there is less usage of medicinal drugs which in turn hinders the market growth.
Lymphatic Filariasis Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 3.6 Billion |
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Forecast Year |
2023-2032 |
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Forecast Year Market Size |
USD 7.8 Billion |
|
CAGR Value |
10.1% |
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Segmentation |
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Challenges |
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Growth Drivers |
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Lymphatic Filariasis Market Segmentation
Segmentation of lymphatic filariasis market are:
- By Diagnosis
- Microscopic Examination
- Serologic Techniques
- Others
- By Treatment
- Surgery
- Medication
- Others
- By Route of Administration
- Oral
- Parental
- Others
- By End-Users
- Hospitals
- Homecare
- Specialty Centres
- Others
- By Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Lymphatic Filariasis Market Regional Synopsis
The incidence of lymphatic filariasis is high in the Asia Pacific region making it the primary region in the lymphatic filariasis market. Moreover, the presence of numerous pharmaceutical companies in the region, along with the increasing acceptance of new treatment methods helps in escalating the growth of the market.
The growing focus of the regulatory bodies in expediting the drug approval process, along with the rise in research and development for developing new drugs associated with lymphatic filariasis are some of the major factors anticipated to drive the market growth in North America.
Lymphatic Filariasis Market Key Players
Some key players in the lymphatic filariasis market are:
- Cipla Inc.
- Amneal Pharmaceuticals Inc.
- Bausch Health
- Pfizer Inc.
- Hikma Pharmaceuticals Inc.
- Novartis AG
- Teva Pharmaceutical Industries Ltd.
- Mylan N.V.
- Johnsons & Johnsons Services Inc
- Boehringer Ingelheim International GmbH
- Strides Pharma Science Limited.
- GALDERMA LABORATORIES.
- Pearl River Laboratories
- AbbVie Inc.
- Unimark Remedies
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- Publication date: 24th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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