Neglected Tropical Disease Treatment Market is set to exceed US$ 7.9 Billion in 2032

The global Neglected Tropical Disease Treatment market is anticipated to reach US$ 7.9 billion in 2032, growing at a CAGR of 4.3% between 2022 and 2032. In 2022, the market is expected to be worth US$ 3.4 billion. The increased number of innovative programmes launched by governments to combat these diseases is expected to drive sales of Neglected Tropical Disease Treatment items in the coming years.

Neglected tropical diseases are a set of chronic bacterial, parasitic, fungal, and viral ailments that cause poverty. These are most common among the poorest people in emerging economies.

The eradication and control of these illnesses is now a top priority for attaining aims to reduce long-term poverty and meet the United Nations Millennium Development Goals (MDGs).

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Advent of Telehealth and Virtual Care to Create Tailwind for the Neglected Tropical Disease Treatment Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Neglected Tropical Disease Treatment market.

Key Neglected Tropical Disease Treatment Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
• Germany Neglected Tropical Disease Treatment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Neglected Tropical Disease Treatment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Neglected Tropical Disease Treatment market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
• Neglected Tropical Disease Treatment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Neglected Tropical Disease Treatment market. As per the survey, Neglected Tropical Disease Treatment sales will project steady growth over the forecast period.
• Neglected Tropical Disease Treatment Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Neglected Tropical Disease Treatment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Neglected Tropical Disease Treatment Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Neglected Tropical Disease Treatment market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Neglected Tropical Disease Treatment market.

Some of the prominent market players are profiled by FMI are:

• Thermo Fisher Scientific, Inc.
• F. Hoffmann-La Roche Ltd.
• Omega Diagnostics Group PLC
• Abbott
• Oscar Medicare Pvt Ltd.
• Genome Diagnostics Pvt. Ltd.
• ZeptoMetrix

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Key Segments Profiled in the Neglected Tropical Disease Treatment Industry Survey

By Drug Class:

• Anti-Parasite
• Antifungal
• Antibiotics
• Others

By Disease Type:

• Leishmaniasis
• Schistosomiasis
• Lymphatic Filariasis
• Chagas Disease
• African Trypanosomiasis
• Others

By Distribution Channel:

• Direct Sales
• Indirect Sales

 Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa