Mebendazole Market Size, Share, Growth, and Industry Analysis by Type (Tablet and Oral Suspension) By Application (Below 2 Years Old and Above 2 Years Old), Regional Forecast To 2031

Updated On: 08 April 2024

Mebendazole Market REPORT OVERVIEW

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The global mebendazole market size was USD 124.8 million in 2022 and is projected to touch USD 203.72 million in 2031, exhibiting a CAGR of 5.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with mebendazole experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Mebendazole is a medicine used to treat a number of parasitic worm infestations. It is a benzimidazole anthelmintic used to cure helminth infections. A benzimidazole that performed by meddling with carbohydrate absorption and constraining the polymerization of microtubules. This contains ascariasis, pinworm disease, hookworm infections, guinea worm infections, hydatid disease, and giardia, among others. It is taken by mouth. Mebendazole is generally well endured.

Mebendazole is an artificial broad-spectrum anthelmintic. The prime method of the act for Mebendazole is by its inhibitory consequence on tubulin polymerization which grades in the cost of cytoplasmic microtubules. Mebendazole origins deteriorate changes in the tegument and intestinal cells of the worm by binding to the colchicine-sensitive site of tubulin, therefore deterring its polymerization or association into microtubules.

COVID-19 Impact: Increasing Demand from R&D to Foster Market Progress

During the COVID-19 pandemic, nations' health arrangements are quickly participating in research and development to battle the virus. Impending combinations were partitioned from the CHEMBL, ZINC, FDA-approved drugs, and particles under clinical trials. Study groups globally are recognizing drugs for the usage of COVID-19 by showing both novel and existing drugs for their capability to improve symptoms and stem viral duplication. Therefore, due to the enduring pandemic, the mebendazole market is anticipated to be positively compressed by the desire to find a treatment for COVID-19.

LATEST TRENDS

"Increasing Adoption in Various Applications to Foster Market Growth"

Mebendazole is an extremely operational, broad range anthelmintic directed for the cure of nematode infestations, comprising hookworm, roundworm, threadworm, and whipworm, intestinal form of trichinosis prior to its extent into the tissues beyond the intestinal tract. Other drugs are recycled to give worm impurities outside the digestive tract, as mebendazole is poorly immersed into the blood flow. Mebendazole is used single-handedly in slight to adequate invasions. It destroys pests moderately sluggishly, substantial infestations, it can cause parasites to migrate out of the intestinal system, pointing to bile duct problems, appendicitis, or intestinal perforation. 

Mebendazole Market Segmentation

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• By Type Analysis

By type, the market is segmented into Tablet and Oral Suspension.

• By Application Analysis

Based on applications, the market is classified into Below 2 Years Old and Above 2 Years Old.

DRIVING FACTORS

"Increasing Demand from Medical Sector to Foster Market Growth"

The growing occurrence of worm infestations is majorly in the rural and emerging areas. Moreover, the insufficiency of drinking water, lack of hygiene, and absence of tolerable health in a few regions are the details accountable for the increasing number of parasitic worms, which ultimately upsurge the prerequisite of mebendazole around the globe. It is a WHO suggested medicine used for parasitic worms prevalent. It is a varied range prescription, which is also recognized as mebendazole. It is an orally taken drug that is familiar as a substantial and harmless drug essential for the health system.

"Technological Advancements to Promote Growth"

An upsurge in the practice of technological advancements such as high amount, bioinformatics, and combinatorial interaction for improved drug applicant credentials. Drug innovation has changed suggestively with developing technologies, serving the practice become more sophisticated, precise, and less time-consuming. The implementation of AI in disease diagnostics and usage strategy is growing, and this is estimated to observe vigorous progress in the coming years. For instance, on March 31, 2020, Existencia, an AI-based medicine detection corporation, arrived at a combined arrangement with Diamond Light Source and Scripps Research for categorizing COVID-19 antiviral treatments. It is estimated to donate to the mebendazole market growth over the forecast period.

RESTRAINING FACTORS

"Side Effects to Impede Market Progress"

Mebendazole occasionally effects that can cause diarrhea, stomach pain, and raised liver enzymes. In unusual cases, it has stayed related to an uncertainly low white blood cell count, low platelet count, and hair loss with a threat of agranulocytosis in some cases.

Mebendazole Market REGIONAL INSIGHTS

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"Increasing R&D by Prominent Players to Foster Market Growth in Asia Pacific"

Asia Pacific is projected to dominate the mebendazole market share. This is due to the growing emphasis on R&D activities by prominent players and the increasing occurrence of pinworm infections. Globally, the growing incidence of helminth infections which are affected by roundworm, hookworm, and other worms, is predicted to enhance the demand for anthelmintic drugs for infection treatment.

North America is anticipated to have a sizable market share. This is owing to R&D expenditure in the pharmaceutical sector. It is also the major market for wholesale drugs and finished dosage constructions. The market functions as a free economy considered to implement transparent trade practices and restrict anti-competitive practices. ​​

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global mebendazole market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Johnson & Johnson (U.S.)
• Amneal Pharmaceuticals (U.S.)
• Cadila Pharmaceuticals (India)
• Eipico (Egypt)
• Esteve Pharmaceuticals (Spain)
• Tenry (Japan)

INDUSTRY DEVELOPMENT

• January 2020: Bayer entered an agreement with AI drug discovery company Exscientia to recognize and enhance novel lead assemblies for possible drug candidates in handling cardiovascular and oncological diseases.

REPORT COVERAGE

This report covers the entire scope of the research for mebendazole market. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. These market estimations were derived by analyzing the impact of different social, political, and economic factors and current market dynamics on the growth of the explosion panels industry.