The global pork tapeworm infection treatment market will grow at an 8% CAGR from 2023 to 2033, reaching US$ 25.17 billion in 2033, according to Future Market Insights. The market is expected to grow further as the number of test kits and devices increases. The market for the treatment of pig tapeworm infection is likely to grow significantly over the forecast period.
As a result of an increase in swine tapeworm infections and increasing awareness about the disease and its treatment, the market has grown dramatically. In addition, the introduction of novel treatments and pharmaceuticals to treat porcine tapeworm infections is expected to drive market growth. Additionally, swine tapeworm infection is likely to increase zoonotic diseases, raising the need for new treatments for this illness. In addition to government efforts, market growth is projected to benefit during the projection period.
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Pork tapeworm infection can be treated with vaccines and anti-parasitic medicines, while natural therapies can also be effective. Avoiding infection in the first place is the best approach to reducing the severity of the condition. In the future, more targeted medications may be developed to treat pork tapeworm infections in a more practical manner. Additionally, further research may identify more effective strategies for treating and preventing the condition, including studying the genetic structure of the tapeworm to develop medications that target the parasite without harming the host. Improved diagnostic tests that detect the infection earlier could also slow the disease’s progression.
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Key Takeaways from the Market Study
- The global market for the treatment of pork tapeworm infection is expected to reach US$ 11.66 billion by 2023.
- The albendazole medicine market is predicted to develop at a 6.2% CAGR between 2023 and 2033, according to forecasts.
- By the end of 2023, the hospital pharmacies for pork tapeworm infection treatment market accounted for 28% of the entire market value.
- Pig tapeworm infection treatment in North America is expected to grow by 19% by 2022.
- Over the next five years, the CT scan market is estimated to account for 22% of overall market value.
“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.
- Mzansi pig veterinarians recently attended the 2022 International Pig Vet Society Conference (IPVS) in Rio de Janeiro, Brazil. Eight important veterinarians from Afrivet, South Africa’s leading animal health company, attended the five-day event. Dr. Caryn Shacklock’s talk on Afrivet’s study on neurocysticercosis was one of the event’s highlights (NCC). An NCC pilot immunisation study was conducted in the Keiskammahoek region of the Eastern Cape for a year. This talk is part of the Food Safety and Parasites Session.
More Valuable Insights Available
The tapeworm infection medication market size 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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