According to our new research study on "Malaria and Sickle Cell Disease Treatment Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," the malaria and sickle cell disease treatment market size is expected to grow from US$ 4,691.87 million in 2022 and to reach a value of US$ 29,179.60 million by 2030; it is anticipated to record a CAGR of 26.5% from 2022 to 2030. Key factors driving the market growth are the increasing prevalence of malaria and sickle cell disease and rising government initiatives to raise awareness about malaria and SCD. However, the lack of sickle cell disease treatment options and the availability of counterfeit antimalarial drugs, followed by subsequent drug resistance, hinder the market growth.
A few major players operating in the malaria and sickle cell disease treatment market are increasingly focusing on the adoption of various strategies such as product innovations, launches, and approvals; R&D investments; and mergers and acquisitions in order to remain competitive. A few of these initiatives are mentioned below:
Malaria And Sickle Cell Disease (SCD) Treatment Market , by Geography, 2022 (%)
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Source: The Insight Partners Analysis
Therefore, the abovementioned strategic initiatives by the market players are expected to provide growth opportunities for the malaria and sickle cell disease treatment market in the coming years.
Cipla Ltd, Pfizer Inc, Sun Pharmaceutical Industries Ltd, Sanofi SA, GSK Plc, Novartis AG, Pfizer Inc, Emmaus Life Sciences Inc, AdvaCare Pharma USA LLC, VLP Therapeutics LLC, and Lupin Ltd are among the key companies operating in the malaria and sickle cell disease treatment market. The companies have been implementing various strategies that contribute to their growth and lead to various changes in the market. The companies have utilized both organic strategies (such as launches, expansion, and product approvals) and inorganic strategies (such as product launches, partnerships, and collaborations).
For instance, in October 2022, Pfizer Inc acquired Global Blood Therapeutics Inc. GBT brings a portfolio and pipeline that has the potential to address the full spectrum of critical needs for this underserved community. GBT discovered and developed Oxbryta (voxelotor), a first-in-class medicine that directly targets the root cause of SCD.
The malaria and sickle cell disease treatment market is segmented on the basis of treatment, route of administration, distribution channel, and geography. Based on treatment, the market is divided into malaria and sickle cell disease. In terms of route of administration, the malaria and sickle cell disease treatment market is divided into oral and parenteral. Based on distribution channel, the market is categorized into direct tender, hospital pharmacies, retail pharmacies, online pharmacies, and others. The malaria and sickle cell disease treatment market, based on geography, is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Africa, Nigeria, Congo, Tanzania, Uganda, Ghana, Kenya, Zambia, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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