Rockville, MD, Aug. 06, 2024 (GLOBE NEWSWIRE) -- In its new study, Fact.MR states that the global cutaneous and systemic leishmaniasis market is estimated to reach a value of US$ 368.6 million in 2024 and thereafter expand at a CAGR of 2.8% from 2024 to 2034.
Treatments for cutaneous and visceral leishmaniasis are in greater demand worldwide due to rising awareness, better diagnoses, and greater access to healthcare in endemic areas. Millions of people worldwide are afflicted by this parasitic illness, which is spread by sandflies and is most common in tropical and subtropical regions.
The pharmaceutical industry has increased its research and development efforts in response to the increasing number of cases that are being detected and reported. Clinical trials are beginning to show promise for new drug formulations and combination therapy, providing hope for more effective and bearable treatment alternatives.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10238
Health results for impacted populations are greatly improving as a result of the increasing availability of therapies. While timely treatment of visceral leishmaniasis is saving lives in vulnerable groups, timely intervention can stop the progression of cutaneous leishmaniasis to deformity lesions.
Wider treatment coverage contributes to wider public health objectives by lowering the spread of disease. Global health programs that focus on neglected tropical illnesses such as leishmaniasis are improving the prognosis for affected individuals and at-risk groups.
Key Takeaways from Market Study
- The global cutaneous and systemic leishmaniasis market is projected to generate revenue of US$ 487.5 million by the end of 2034.
- North America is evaluated to account for 53% of the global market share by 2034-end.
- The market in East Asia is projected to reach a size of US$ 88 million by 2034-end.
- By 2034, the market in Canada is analyzed to reach a valuation of US$ 25 million.
- Based on indication, the cutaneous leishmaniasis segment is estimated to reach US$ 6 million in 2024.
- Hospital pharmacies are estimated to hold 8% of the market share in 2024.
“Clinical testing of new medications and therapies for cutaneous and systemic leishmaniasis opening new avenues for disease management, thus driving market growth,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Cutaneous and Systemic Leishmaniasis Market:
Key industry participants like Gilead Sciences, Inc.; Profounda Pharmaceuticals; Knight Therapeutics Inc.; Janssen Global Services, LLC; Albert David Ltd.; Jubilant Life Sciences Ltd.; Novartis AG; Sanofi; Endo Pharmaceuticals Inc.; Bristol-Myers Squibb Company; United Biotech Pvt. Ltd., etc. are driving the cutaneous and systemic leishmaniasis industry.
Focus on Development of Nanomedicine Therapies for Reduced Side Effects
New developments include therapies based on nanomedicine, which improve drug delivery and reduce adverse effects. Researchers are also exploring immunomodulatory treatments that leverage the body's defenses against the parasite.
In diagnostics, rapid tests are being developed, potentially revolutionizing early detection in remote areas. Gene editing techniques like CRISPR are being investigated to create genetically engineered parasites for vaccine development. Efforts to enhance vector control are promising, with insecticide-treated materials and biological control methods reducing sandfly populations. Clinical research indicates that combination therapies, which merge new and established drugs, are more effective.
Cutaneous and Systemic Leishmaniasis Industry News:
The cutaneous and systemic leishmaniasis market is competitive, with a few major players holding dominant positions. To meet product demand, key players are adopting innovative strategies, including successful technology and distribution partnerships, investments in research for developing treatments, and new product launches. They are also focusing on adapting to evolving market trends, such as new treatment methodologies for cutaneous fibrosis and cutaneous mastocytosis.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10238
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the cutaneous and systemic leishmaniasis market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on drug class (pentavalent antimonials, antifungal drugs, anti-leishmanial/antimicrobial drugs), route of administration (oral, injectable, topical), indication (cutaneous leishmaniasis, mucosal leishmaniasis, visceral leishmaniasis), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, online pharmacies), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR Research:
Hematology analyzer market is expected to generate approximately $2.01 billion in sales in 2024. With a projected CAGR of 5.7%, the market is anticipated to reach around $3.5 billion by 2034.
Health caregiving market, valued at $218.5 billion in 2024, is expected to grow rapidly at a 12.7% CAGR, reaching $722.5 billion by 2034.
Holter monitoring system market, valued at $1.22 billion in 2024, is projected to grow at a 4.6% CAGR, reaching $1.91 billion by 2034.
Host cell contaminant testing market size is estimated at US$ 336.1 Mn in 2024 & is expected to grow with CAGR of 5.5% to reach US$ 576.4 Mn by 2034
Intubation market is estimated to be US$ 984.0 million in 2024. The intubation market size is projected to expand at a 4.8% CAGR and reach a valuation of US$ 1,579.0 million by 2034.
lysosomal storage disease market is estimated to be worth $11.68 billion in 2024 and is projected to grow at a CAGR of 10%, reaching $30.58 billion by 2034.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
Contact:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
![](https://ml.globenewswire.com/media/Y2QxZmJlYzMtZTI2Yy00NjM2LTlkMjctZjhlMGM0OTYyZmNmLTExMDc2ODU=/tiny/FACT-MR.png)