According to FutureWise analysis the market for onchocerciasis treatment is expected to register a CAGR of 11% from 2023-2031
Onchocerciasis is also known as river blindness and is caused by an infection with the parasitic Worm Onchocerca Volvulus. Itching bumps under the skin and blindness are some of the symptoms. After trachoma, it is the second most common cause of blindness caused by infection. Black fly Simulium types are the vectors of parasite worms. It is common to get many bites before infection occurs. The common name for the disease is because these flies are found near rivers. The worms can become larvae and infect other people by transferring their genes to the skin. You can diagnose the disease by taking a skin biopsy and then watching for the larvae to emerge. Also, you can look under the skin to check for adult worms. There is no vaccine to prevent the disease. Avoiding being bitten by insects is the best way to prevent this disease. You can prevent flies from biting you by using insect repellents and appropriate clothing. Spraying insecticides can also be used to reduce the fly population. In many parts of the world, efforts are ongoing to eradicate the disease by treating whole populations twice per year. The medication ivermectin is used to treat those who are infected every six to twelve months. The treatment only kills the larvae but does not affect the adult worms. Some recommend the antibiotic doxycycline, which weakens the worms and kills an associated bacterium called Wolbachia. Surgery may be performed to remove the lumps beneath the skin.
Ivermectin (tradename: Mectizan) is the treatment for onchocerciasis in mass drug administration (MDA). Infected individuals can receive two doses of ivermectin every six months, and then another dose every three years. It paralyzes and kills microfilariae, causing itching, fever, arthritis, and possible edema. The drug stops the progression to blindness by easing intense skin itching. The drug doesn't kill adult worms but it does stop them from producing more offspring for a short time. The drug doesn't prevent the transmission of Onchocerciasis. However, it reduces mortality and has been shown to eliminate some endemic regions of Africa. It is a quick and easy treatment that can be administered by community health workers. The onchocerciasis treatment industry has seen a rise in demand over recent years. This is due to the rising market capitalization of smaller companies, the growing number of strategic partnerships to grab the best of new medications or drugs, increased R D expenditure by big pharma, emerging players, expanded indications of approved drugs, and increasing competition among companies producing drugs for the same indications. The African Program for Onchocerciasis Control has started a detailed assessment of the long-term effect of ivermectin treatments and the possibility of reaching an end in APOC-recognized countries. The market is expected to grow due to the availability of generic drugs that treat onchocerciasis. Additional positive factors that will accelerate the growth of the market for onchocerciasis treatment include the increasing focus of emerging governments on developing healthcare infrastructure and raising awareness about the condition.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Onchocerciasis Treatment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Onchocerciasis Treatment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.