Niclosamide, belonging to the salicylanilide anti-helminthic class of medicines, is a dose-dependent low micro-molar inhibitor of the human rhinovirus. This prescription drug is used in the treatment of tapeworm infections. It works by eliminating the tapeworms. The infection of Taenia solium (called taeniasis/cysticercosis) occurs via contaminated food or water and creates major health problems. The T. solium infected over 50 million individuals worldwide in 2015. This infection causes epilepsy of liver and as per the World Health Organization, more than 80% of the patients affected by epilepsy lived in low and middle income countries. In 2015, China, India, Brazil, Mexico, and parts of Africa experienced an endemic situation in terms of T. solium infection. Several preclinical trial studies have been taking place to ensure the efficacy of niclosamide for the treatment of other infections such as methicillin-resistant Staphylococcus aureus and Zika virus. The drug is also used for veterinary purposes.

Unmet medical needs in the field of Zika treatment and focus on reducing tapeworm infections present significant opportunities for the global niclosamide market. Increasing collaborations among major market players and research institutes to study different treatment regimens using niclosamide drive the market as well. However, the rising number of regional/local generic entrants in the treatment of worm infection is expected to lead to the fragmentation of the global niclosamide market. Adoption of better health care facilities, awareness regarding treatment of worm infections, and government initiatives for proper hygiene and cleanliness are likely to propel the market in developing countries.

The global niclosamide market has been divided on the basis of product type into the following segments: 95% niclosamide, 96%–98% niclosamide, and 99% niclosamide. Based on application, the market has been bifurcated into the human use and animal use categories. In terms of dosage form, the market is classified into the following groups: tablets, suspension, and others, of which tablets are projected to hold a significant market share owing to factors such as ease of drug administration, simplicity in manufacturing, and better overall medicinal stability. By end-user, the global niclosamide market is split into the following divisions: hospitals, specialty clinics, veterinary clinics, and others.

Geographically, the market is distributed over five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to exhibit a high growth rate due to the widespread incidence of tapeworm infections, growing awareness about better health care facilities, and the significant number of regional / local manufacturers in the region. North America is predicted to dominate the global niclosamide market due to the high cost of therapy, substantial research initiatives for the efficacy studies of niclosamide for the treatment of different targets, and the high per capita health expenditure.

Several generic entrants are entering the market. Significant penetration of regional players owing to their wide network of distribution channels and affordable pricing is the trend observed in the global niclosamide market. Ongoing research for the product’s efficacy testing for diverse pathogenic targets is estimated to provide treatment opportunities for other viral infections, thereby steering the market. The prevalence of T. solium is greater in low and middle income countries. Therefore, rising demand for affordable medicines is likely to drive the global niclosamide market, besides the availability of other advanced treatment options or therapeutics for the same infections.

Key players in the global niclosamide market include Bayer AG, Taj Pharmaceuticals Limited., D. H. Organics, Shaanxi Hanjiang Pharmaceutical Group Co., Ltd., Prudence Pharma Chem, FULLLONGCHEM CORP, Hubei Prosperity Galaxy Chemical Co., Ltd., and Inner Mongolia Huatian Pharmaceutical Co., Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Niclosamide Market

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