The Global Amebiasis Treatment Market is predicted to increase significantly in Africa over the forecast period
Amebiasis Treatment Market Drivers
Increased approvals and releases of novel medications for the treatment of amebiasis are projected to drive the amebiasis treatment market forward. For example, the U.S. Food and Drug Administration (FDA) approved Dr. Reddy's Laboratories' Minolira (minocycline) extended-release tablets in 2017, which are used to treat a variety of bacterial infections and as supplementary therapy in acute intestinal amebiasis.Furthermore, in 2016, Aceto Corporation's Rising Pharmaceuticals, Inc. developed Metronidazole Tablets, 250mg and 500mg, a generic version of G.D. Searle, LLC's Flagyl, approved for the treatment of amebiasis and a variety of anaerobic bacterial infections. Doryx (Doxycycline Hyclate) Delayed-Release Tablets, 50 mg, manufactured by Mylan Pharmaceuticals Inc., got ANDA approval in 2016 for the treatment of acute intestinal amebiasis.
Furthermore, rising prevalence of amebiasis in areas with poor sanitation, such as Africa and some countries in Asia Pacific, is likely to fuel demand for amebiasis treatment in the near future, which would drive growth of the amebiasis treatment market. According to the International Research Journal of Biological Sciences, the prevalence of amebiasis among school pupils in Lafia, Nigeria, was around 26.7 percent in 2013. The children of Government Secondary School Tudun Kauri, Lafia, had the highest prevalence of amebiasis at 40.0 percent. The high frequency of amebiasis was caused by a poor environmental/drainage system, unsanitary sewage disposal methods, and a lack of clean water.
Amebiasis Treatment Market Regional Analysis
The global amebiasis treatment market is predicted to increase significantly in Africa over the forecast period, owing to a high prevalence rate of amebiasis caused by inadequate sanitation and a lack of safe drinking water. According to figures published by the United Nations Department of Economic and Social Affairs (UNDESA), around 115 people died every hour in Africa in 2014 due to diseases caused by poor sanitation, hygiene, and contaminated water.Approximately 40% of the 783 million people in Sub-Saharan Africa do not have access to safe drinking water. Furthermore, due to rising prevalence of amebiasis in some rural parts of India and China, the Asia Pacific region is likely to see considerable growth in the amebiasis treatment market throughout the forecast period. Amebiasis, for example, impacted nearly 15% of India's total population in 2015, according to data published on the National Health Portal of India.
Amebiasis Treatment Market Restraint
Amebiasis is a parasitic infection that thrives in regions with inadequate sanitation and a lack of safe drinking water. Because of the scarcity of hospitals and healthcare specialists in rural areas, residents have limited access to pharmaceuticals. The lack of adequate healthcare facilities and limited access to pharmaceuticals is likely to be a major stumbling block to the amebiasis treatment market's expansion.
Amebiasis Treatment Market Key Players
Pfizer Inc., Impax Laboratories, Lupin Pharmaceuticals, Inc., Sanofi, Actelion Pharmaceuticals Ltd., Glenmark Pharmaceuticals, Sun Pharmaceutical Industries Inc., Heritage Pharmaceuticals Inc., Mission Pharmacal Co., Novel Laboratories, and others are among the major players in the amebiasis treatment market. The market's major players are concentrating on the launch of generic versions of branded drugs used to treat amebiasis. Mayne Pharma Group Limited, for example, got FDA approval for its Doxycyline Hyclate IR Tablets, the first generic to Acticlate, in 2017. Tetracycline class medications Doxycycline Hyclate 75 mg and 150 mg are indicated for supplementary therapy for acute intestinal amebiasis.
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