Global Onchocerciasis Treatment Market: Snapshot
Commonly known as river blindness, onchocerciasis is caused by infection due to a parasitic worm that can lead to serious complications. The parasitic worm, Onchocerca volvulus, is generally imparted within the human skin though bites received from a particular black fly from the Simulium family. Several bites are usually required for the infection to initiate inside the human body, but can cause problems once it does. The worms, once they enter the body, start producing larvae that can travel back towards the skin and infect another black fly that bites the infected human.
The core diagnostics for onchocerciasis include the use of a biopsy on the skin with regular saline. The medical personnel then wait for the larva to come out. Another procedure involves searching for the larvae in the eye as well as sensing bumps under the skin which is a sign of adult worms. There is currently no vaccine against river blindness and most of the efforts against the disease are directed towards the regular treatment of the likely patient base every year. Ivermectin is the drug used to treat patients every six months to one year, while doxycycline reduces the worms’ strength to antibiotics.
Onchocerciasis is likewise alluded to as waterway visual impairment and contaminates more than 37 million people who are living close quick moving streams and additionally waterways of sub-Saharan range of Africa. Few cases likewise have been accounted for out of Yemen and the Americas. Onchocerciasis is accepted to be the fourth driving reason for preventable visual impairment. Roughly 500,000 of people tainted with onchocerciasis are outwardly genuinely debilitated and another around 270,000 have turned out to be visually impaired for all time from this sickness. An extensive variety of causes lie behind these infections, yet for large portions of them the cause is obscure. There is no present specific treatment, and specialists must attempt to diminish the infection purely. Oral drugs has been as of late appeared to moderate the movement of sickness in a few patients. It is the world's second driving irresistible reason for visual impairment. WHO prescribes treating onchocerciasis with ivermectin at any rate once yearly for around 10-15 years. The solution incapacitates and executes microfilariae, diminishing exceptional itching skin and ending the movement towards visual impairment. It additionally keeps grown-up worms from delivering more microfilariae for a couple of months taking after treatment, in this way lessening transmission. The commonness of disease can fluctuate amongst towns and was verifiably as high as 80 to 100 percent by the age of 20 years in a few territories, with visual impairment topping at 40 to 50 years old. Preceding control exercises, hyper endemic areas were as often as possible terminated in view of high rates of visual impairment.
Onchocerciasis Treatment Market: Drivers and Restraints
Onchocerciasis treatment market has influenced the demand in recent years, soaring market capitalization of smaller players, rising number of strategic partnerships to scoop out the best of emerging medications or drugs, increased R&D spending by big pharma and emerging players, expanded indications for approved drugs and rising competition between companies producing drugs for same indications are majorly driving the overall onchocerciasis market. A current review in Mali and Senegal has given the primary confirmation of disposal following 15-17 years of treatment. Taking after this finding, the African Program for Onchocerciasis Control (APOC) has begun a precise assessment of the long haul effect of ivermectin treatment ventures and the attainability of end in APOC upheld nations.
The World Health Organization has focused on Onchocerciasis for worldwide disposal in select nations in Africa by 2020. Control and disposal programs for this irresistible sicknesses by utilizing the medication ivermectin to stop transmission. Together with evidence of-idea for onchocerciasis disposal with yearly CDTI (community directed treatment with ivermectin) from foci in Senegal and Mali, this has brought about focusing on onchocerciasis end in chose African nations by 2020 and in 80% of African nations by 2025. The difficulties for meeting these objectives incorporate the quantity of endemic nations where struggle has deferred or intruded on control programs, cross-fringe foci, and possible growth of organism strains with low helplessness to ivermectin and co-endemicity of loiasis, another parasitic vector borne malady, which backs off or denies CDTI execution. Some of these difficulties could be tended to with new medications or medication mixes with a higher impact on Onchocerca Volvulus than ivermectin. Troublesome manufacturing procedures of this medication is in charge of its high value, which confines its utilization. There are risks of severe side effects. Uncertainty by the government regulations, also low guidance from doctors in selecting proper drug, reimbursement coverage may be weak sometimes and accuracy or medical technology infancy is concern to a certain extent during the forecast period. While the orphan Onchocerciasis treatment market is for the most part limited to the U.S. what's more, Africa now, pharmaceutical organizations are probably going to begin taking advantage of the African market — which has a high populace of untreated uncommon sicknesses in 2017–2018. In addition, the emergence of effective generic drugs for the treatment of onchocerciasis is expected to encourage the growth of the market during the forecast period. The growing focus of governments in emerging countries on the development of healthcare infrastructure and creating an awareness regarding the condition are additional positive factors assessed to quicken the development of the onchocerciasis treatment market.
- Segmentation by Drugs
- Storomectol (oral)
- Ivermectin (oral)
- Segmentation By End User
- Specialty Clinics
It is to be expected that the global market of orphan onchocerciasis treatment will show steady growth. Pharmaceutical and medical industries have gained popularity by generating new drugs for treatment of Onchocerciasis. Advancement in this field has been moved by different motivating forces, for example, quick track survey conventions, more medical campaigns, government funding and R&D expenses provided by authorized specialists in selective countries, majorly in Africa. Some of the major key players for orphan Onchocerciasis treatment market are Merck & Co., Inc., Mayne Pharma Group, Par Pharmaceutical Companies, Inc., Delta Pharma Ltd., Life Pharmaceutical Company and Taj Pharmaceuticals Limited.
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
- 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.