Number of pages: 100 | Report Format: PDF | Published date: July 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
CAGR |
2.3% |
Base Year for Estimation |
2022 |
Forecast Period |
2023 to 2031 |
Historical Year |
2021 |
Segments Covered |
Drug, Distribution Channel, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global hydatid disease treatment market is expected to register a revenue CAGR of 2.3% from 2023 to 2031.
Hydatid Disease Treatment Market Fundamentals
Hydatid disease, or echinococcosis, is a parasitic infection caused by the larvae of the Echinococcus granulosus or Echinococcus multilocularis tapeworms. It primarily affects the liver and lungs but can also involve other organs, such as the brain and spleen. The treatment of hydatid disease typically involves a combination of surgical intervention and medication.
The drug treatment for hydatid disease primarily involves the use of anthelmintic medications. The two main drugs used to treat hydatid disease are albendazole and mebendazole. These drugs belong to the benzimidazole class and are effective against the larval stages of Echinococcus granulosus and Echinococcus multilocularis, the parasites responsible for causing hydatid disease.
Hydatid Disease Treatment Market Dynamics
Hydatid disease is a significant public health concern in many regions worldwide, especially in rural areas where livestock farming is prevalent. The high prevalence and incidence of the disease create a demand for effective treatment options, thus boosting the global hydatid disease treatment market. For instance, according to the WHO factsheet of May 2021, human incidence rates for cystic echinococcosis can exceed 50 per 100,000 person-years in endemic areas, with prevalence levels as high as 5%-10% in Argentina, Peru, East Africa, Central Asia, and China. Increased awareness about hydatid disease and improved diagnostic techniques contribute to early detection and prompt treatment. As diagnostic capabilities improve, more cases are diagnosed, increasing the demand for treatment options.
Furthermore, the availability of effective medications for treating hydatid disease, such as albendazole, plays a crucial role in managing the infection. Ongoing research and development efforts to discover new drugs or improve existing ones contribute to the growth of the treatment market. Moreover, collaborations between countries, international organizations, and research institutions facilitate the exchange of knowledge and resources, leading to improved treatment strategies for hydatid disease. These collaborations promote diagnosis, surgery, and medication advancements, further driving the global hydatid disease treatment market.
However, treating hydatid disease, particularly surgical interventions and long-term medication, can be costly. The expenses associated with surgery, hospitalization, medications, and follow-up care can burden patients and healthcare systems financially. The high cost of treatment may limit its accessibility, especially in low-income regions or areas with inadequate healthcare coverage. Furthermore, many regions may have limited access to healthcare facilities and specialized treatment centers, especially in rural and underserved areas. This lack of access can hinder the timely diagnosis and appropriate treatment of hydatid disease, thereby impacting the growth of the treatment market. Additionally, the high cost of treatment and limited access to healthcare in developing nations are some of the restraints impeding the overall market growth.
Hydatid Disease Treatment Market Ecosystem
The global hydatid disease treatment market has been analyzed from the following perspectives: by the drug, distribution channel, and region.
Hydatid Disease Treatment Market by Drug
Based on the drug, the global hydatid disease treatment market is segmented into albendazole, praziquantel, and mebendazole.
The albendazole segment dominated the market with the principal revenue share in 2022. Albendazole is a broad-spectrum anthelmintic drug commonly used to treat various parasitic infections, including hydatid disease. It belongs to the benzimidazole class of drugs and has demonstrated efficacy against the larval stages of Echinococcus granulosus and Echinococcus multilocularis, the parasites responsible for causing hydatid disease. Albendazole exerts its anthelmintic activity by interfering with the microtubule structure of the parasites. It inhibits the polymerization of tubulin, a protein essential for the formation of microtubules, leading to disruption of cellular transport and various metabolic processes in the parasite. This ultimately results in the death of the parasite. Albendazole is generally administered orally as a tablet or suspension. The dosage is determined based on body weight, age, and the specific parasitic infection being treated. It is important to follow the prescribed dosage and duration of treatment as directed by the healthcare provider. These aspects contribute to the growth of the albendazole segment.
The mebendazole segment is a key player in the hydatid disease treatment market, with the largest revenue share in 2022. Mebendazole is an anthelmintic medication that belongs to the benzimidazole class of drugs. While albendazole is more commonly used to treat hydatid disease, mebendazole can be an alternative treatment option. Mebendazole works by inhibiting the formation of microtubules in the parasites, including Echinococcus granulosus and Echinococcus multilocularis, responsible for causing hydatid disease. It disrupts the parasites' cellular structures and functions, leading to their death. Mebendazole can be used as an alternative or adjunctive treatment to albendazole in managing hydatid disease. While albendazole is the preferred choice due to its broader spectrum of activity and better absorption, mebendazole may be considered when it is unavailable or contraindicated. These overall factors contribute to the growth of the mebendazole segment.
Hydatid Disease Treatment Market by Distribution Channel
Based on the distribution channel, the global hydatid disease treatment market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacies segment is a key player in the hydatid disease treatment market, with the largest revenue share in 2022. Hospital pharmacies play a significant role in the treatment market for hydatid disease by providing medications, including anthelmintics like albendazole, to patients and healthcare providers involved in managing the disease. Hospital pharmacies are responsible for dispensing medications prescribed for hydatid disease treatment. This includes albendazole and other drugs used to manage the infection. Pharmacists ensure the accurate dispensing of prescribed medications, provide information on proper medication administration, and address patients’ concerns or questions. Hospital pharmacies are responsible for procuring the necessary medications to treat hydatid disease. This involves maintaining adequate stock levels of anthelmintic drugs like albendazole to meet the demands of patients and healthcare providers. Pharmacists collaborate with suppliers and wholesalers to ensure a consistent supply of medications. Hospital pharmacists provide drug information and education to patients and healthcare professionals involved in the treatment of hydatid disease. They explain the proper use, dosage, and potential side effects of medications like albendazole. Pharmacists also offer guidance on adherence to treatment regimens, potential drug interactions, and other important considerations. These overall factors contribute to the growth of the hospital pharmacies segment.
The online pharmacies segment is expected to be the fastest-growing segment throughout the forecast period, owing to the convenience of getting medicine at the doorstep. Online pharmacies, also known as internet pharmacies or e-pharmacies, are virtual platforms that enable individuals to purchase medications and healthcare products online. In the hydatid disease treatment market, online pharmacies can provide convenient access to medications, including those used to manage the disease. Online pharmacies offer a wide range of medications, including anthelmintics like albendazole, commonly used to treat hydatid disease. These pharmacies typically have a comprehensive inventory of medications, allowing patients to easily access the necessary drugs for their treatment. Online pharmacies provide a convenient option for individuals seeking medications for hydatid disease treatment. They offer the convenience of 24/7 access, allowing patients to browse and purchase medications from the comfort of their own homes. This can be particularly beneficial for patients living in remote areas or those with limited mobility. These overall factors contribute to the growth of the online pharmacies segment.
Hydatid Disease Treatment Market by Region
Geographically, the global hydatid disease treatment market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global hydatid disease treatment market with the largest revenue share in 2022, attributed to a well-developed healthcare infrastructure, including advanced medical facilities, hospitals, and specialized centers. These facilities provide the necessary resources and expertise for diagnosing, treating, and managing hydatid disease. Additionally, regional companies are continuously involved in partnerships, mergers, and acquisitions, which are also expected to improve the hydatid disease treatment market outlook. North America is a hub for medical research and innovation. Ongoing research focuses on improving diagnostic methods, treatment strategies, and outcomes for hydatid disease. Collaborative studies, clinical trials, and advancements in imaging techniques contribute to developing more effective and targeted treatment approaches.
Hydatid Disease Treatment Market Competitive Landscape
The prominent players operating in the global hydatid disease treatment market are:
Hydatid Disease Treatment Market Strategic Developments
Hydatid disease, also known as echinococcosis, is a parasitic infection caused by the larvae of the Echinococcus granulosus or Echinococcus multilocularis tapeworms.
The revenue CAGR of the hydatid disease treatment market during the forecast period will be 2.3% from 2023 to 2031.
Some key global hydatid disease treatment companies are Janssen Global Services, LLC (Johnson & Johnson Services Inc.), Lupin Limited, Cadila Pharmaceuticals Limited, Zydus Group, Mankind Pharma, and Ipca Laboratories Ltd.
The limited access to healthcare and the high cost of treatment are factors restricting the global market growth.
The rising drug development activities, technological advancements, and collaboration between market players drive market growth.
*Insights on financial performance are subject to the availability of information in the public domain