According to Future Market Insights, the global pig tapeworm infection treatment market will rise at an 8% CAGR from 2023 to 2033, reaching US$ 25.17 billion in 2033. The market is likely to expand more as the number of test kits and devices increases. Throughout the projected period, the market for the treatment of pig tapeworm infection is expected to rise significantly.
The market has expanded significantly as a result of a rise in swine tapeworm infections and increased awareness about the disease and its treatment. Furthermore, the introduction of innovative medicines and pharmaceuticals to treat porcine tapeworm infections is projected to fuel market expansion. Furthermore, swine tapeworm infection is expected to cause an increase in zoonotic infections, increasing demand for better therapies for this condition. In addition to government measures, there is likely to be a beneficial effect on market growth during the projection period.
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Vaccines can be used to treat pork tapeworm infection. Infections can be avoided or reduced in severity if they are avoided in the first place. Anti-parasitic medicines can be used to treat swine tapeworm infection. Natural therapies can be used to treat pork tapeworm infection. In the future, a more targeted sort of medication may be created to treat pork tapeworm infections in a more practical manner. More study that identifies more effective strategies for treating and preventing the condition may also be conducted in the future. There is a chance that study into the genetic structure of the tapeworm will aid in the development of medications that are particularly intended to target the parasite while minimising the danger of producing harmful effects on the host, hence aiding in the prevention of the parasite’s spread. It may also be feasible to slow the development of the disease if an improved diagnostic test that detects the infection sooner rather than later is developed.
Key Takeaways from the Market Study
- The global market size for pork tapeworm infection treatment is estimated to reach US$ 11.66 billion by 2023.
- According to the forecast, the albendazole drug market is expected to grow by 6.2% CAGR between 2023 and 2033.
- The hospital pharmacies for pork tapeworm infection treatment market accounted for 28% of the total market value by the end of 2023.
- Pork tapeworm infection treatment in North America expanded with a market share of 19% in 2022.
- The CT scan market is expected to account for 22% of the total market value over the next few years.
“Progress in diagnostics and the development of advanced testing kits at home will further boost the pork tapeworm infection treatment market.” comments a Future Market Insights analyst.
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Competitive Landscape
- Winchester Hospital
- Merck & Company Inc.
- Medtronic
- Teva Pharmaceuticals Ltd.
- Eli Lilly and Company
- Sanofi S.A.
- Bayer AG
- Bristol-Myers Squibb
- Abbott
- Recordati Rare Diseases Inc
Markets may see many companies expand their product lines, acquire other companies, or merge their companies together in the near future due to the fact that many companies are expected to focus on the development of innovative diagnostic techniques.
- Pig veterinarians from Mzansi attended the recent International Pig Vet Society Congress (IPVS) 2022 in Rio de Janeiro, Brazil. The five-day event was attended by eight important veterinarians from Afrivet, South Africa’s premier animal health company. One of the highlights of the event was Dr. Caryn Shacklock’s presentation on Afrivet’s research on neurocysticercosis (NCC). During a year, an NCC pilot vaccination research was carried out in the Keiskammahoek region of the Eastern Cape. The Food Safety and Parasites Session includes this talk.
More Valuable Insights Available
The tapeworm infection medication market is expected to experience significant growth in the coming years. This is due to a combination of factors, including an increase in the prevalence of tapeworm infections globally, particularly in developing countries, and the availability of effective treatments for the condition.
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Key Segments Profiled in the Pork Tapeworm Infection Treatment Market Industry Survey
By Drug Type:
- Praziquantel
- Albendazole
- Nitazoxanide
- Others
By Treatment:
- CT Scan
- MRI
- Ultrasound
- X-Ray
By End User:
- Hospitals & Laboratories
- Specialty Clinics
- Ambulatory Surgical Centres
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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