Report : South America Malaria Treatment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Treatment (Prescription Medications, Vaccines, Diagnostic Tests, and Others), Drug Type (Branded and Generic), Route of Administration (Oral and Parenteral & Intravenous), Distribution Channel (Direct Tender, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others), and End User (Hospitals, Specialty Clinics, Homecare, and Others)
At 5.4% CAGR, the South America Malaria Treatment Market is speculated to be worth US$ 98.53 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the SAM malaria treatment market was valued at US$ 71.79 million in 2022 and is expected to reach US$ 98.53 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Extending pipeline of new drugs and vaccines and rapid diagnostic tests are the critical factors attributed to the SAM malaria treatment market expansion.
Antimicrobial resistance threatens the public health response to many diseases, such as malaria, and the R&D of new medicines is the best strategy to overcome this challenge. With this, the antimalarial drug/vaccine pipeline is becoming increasingly robust. Public–private partnerships are accelerating research activities in the malaria treatment market, creating lucrative opportunities for the market growth. For instance, Medicines for Malaria Venture (MMV), a nonprofit organization, is working with many pharmaceutical companies to reduce the burden of malaria by developing novel treatment options. In December 2019, Ipca Laboratories collaborated with MMV to develop Atoguanil, a novel antimalarial coformulation. So, extending pipeline of new drugs and vaccines is expected to drive the SAM malaria treatment market.
On the contrary, counterfeit antimalarial drugs and subsequent drug resistance hurdles the growth of SAM malaria treatment market.
Based on treatment, the SAM malaria treatment market is segmented into prescription medications, vaccines, diagnostic tests, and others. The diagnostic tests segment held 42.2% market share in 2022, amassing US$ 30.26 million. It is projected to garner US$ 40.83 million by 2028 to expand at 5.1% CAGR during 2022–2028. Further, prescription medications segment is further categorized into chloroquine phosphate, artemisinin-based combination therapies (ACTs), atovaquone-proguanil, quinine sulfate (qualaquin) with doxycycline, primaquine phosphate, and others.
Based on drug type, the SAM malaria treatment market is bifurcated into branded and generic. The generic segment held 58.9% market share in 2022, amassing US$ 42.27 million. It is projected to garner US$ 56.38 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on route of administration, the SAM malaria treatment market is bifurcated into oral and parenteral & intravenous. The oral segment held 70.0% market share in 2022, amassing US$ 50.27 million. It is projected to garner US$ 68.30 million by 2028 to expand at 5.2% CAGR during 2022–2028.
Based on distribution channel, the SAM malaria treatment market is segmented into direct tender, hospital pharmacies, retail pharmacies, online pharmacies, and others. The direct tender segment held 47.6% market share in 2022, amassing US$ 34.16 million. It is projected to garner US$ 47.06 million by 2028 to expand at 5.5% CAGR during 2022–2028.
Based on end user, the SAM malaria treatment market is segmented into hospitals, specialty clinics, homecare, and others. The hospitals segment held 42.1% market share in 2022, amassing US$ 30.24 million. It is projected to garner US$ 40.09 million by 2028 to expand at 4.8% CAGR during 2022–2028.
Based on country, the SAM malaria treatment market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that the Rest of SAM captured 38.0% market share in 2022. It was assessed at US$ 27.30 million in 2022 and is likely to hit US$ 36.76 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.
Key players dominating the SAM malaria treatment market are AdvaCare Pharma USA LLC, Cipla Ltd, GSK Plc, Lupin Ltd, Novartis AG, Sanofi SA, Sun Pharmaceutical Industries Ltd, Viatris Inc, and Zydus Healthcare Ltd among others.
- In Sep 2022, GSK plc announced that the World Health Organization (WHO) has awarded prequalification to Mosquirix (also known as RTS,S/AS01), GSK’s groundbreaking malaria vaccine. This is the first prequalification for a malaria vaccine and is an important step in rolling out the vaccine in countries with moderate to high P. falciparum malaria transmission.
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