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What is the Expected Growth Rate of the Antiparasitic Drugs Market from 2024 to 2033?

The antiparasitic drugs market has experienced strong growth. It is expected to rise from $22.47 billion in 2023 to $24.06 billion in 2024, at a CAGR of 7.1%. This growth is due to the prevalence of parasitic infections, resistance to existing treatments, and global health initiatives.

The antiparasitic drugs market is expected to grow to $31.19 billion in 2028, at a CAGR of 6.7%. The emergence of new parasitic threats, climate change, vector-borne diseases, and the growing emphasis on global health security are key drivers. Major trends include advances in drug development, targeted and combination therapies, public-private partnerships, and telemedicine for remote diagnosis.

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The rise in vector-borne diseases is anticipated to boost the antiparasitic drugs market. Vector-borne diseases are infections transmitted through bites from arthropods, such as mosquitoes, ticks, and flies, and include conditions like malaria and dengue. Antiparasitic drugs help curb the spread of vector-borne diseases by targeting the parasites responsible; for instance, chloroquine, doxycycline, and atovaquone-proguanil are commonly used for malaria treatment. According to the Pan American Health Organization, dengue cases surged in the United States in 2023, with over 3 million infections reported by August, surpassing the 2019 peak of 3.1 million. The World Health Organization’s World Malaria Report 2022 also recorded a global increase in malaria cases from 245 million in 2020 to 247 million in 2021. Hence, the rising incidence of vector-borne diseases is expected to drive the antiparasitic drugs market.

1) By Product Type: Anthelmintics, Antiprotozoals, Ectoparasiticide, Other Products

2) By Treatment: Avermectins, Bezimidazoles, Pyrimidines, Organophosphates, Imidazolesthiazoles

3) By Route of Administration: Oral, Injectable, Topical

4) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users

Companies in the antiparasitic drugs market are focusing on developing new solutions to strengthen their market presence. In August 2021, ParaPRO LLC introduced Natroba Topical Suspension, an FDA-approved product for treating scabies. Natroba’s active ingredient, Spinosad, works by targeting the nervous system of lice and requires only one topical application.

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North America was the largest region in the debt financing market in 2023. The regions covered in the debt financing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Antiparasitic Drugs Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the antiparasitic drugs market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Antiparasitic Drugs Market Include
1. Antiparasitic Drugs Market Executive Summary
2. Antiparasitic Drugs Market Segments
3. Antiparasitic Drugs Market Size And Template Market Growth Rate
4. Key Antiparasitic Drugs Market Trends
5. Major Antiparasitic Drugs Market Drivers
……
25. Key Mergers And Acquisitions In The Antiparasitic Drugs Market
26. Top Antiparasitic Drugs Companies
27. Antiparasitic Drugs Market Opportunities And Strategies
28. Antiparasitic Drugs Market, Conclusions And Recommendations
29. Appendix

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