Market Size of Liver Fluke Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Liver Fluke Treatment Market Analysis
The liver fluke treatment market is expected to register a CAGR of 4.2% during the forecast period.
The COVID-19 outbreak had a significant impact on the market. Due to the temporary shutdown of production facilities, export restrictions, increased demand for COVID-19 medication, disruptions in the supply of goods, and interruptions in services, the impact of the outbreak in its initial phase on the liver fluke drugs market was substantial. Additionally, clinical trials of the drug were reduced as more and more companies delayed the start of many new courses in several countries.
In addition, the COVID-19 pandemic has seen a decline in outpatient services for patients with infectious diseases, which also impacted the market growth. For instance, as per the article published by NCMI in September 2021, the COVID-19 pandemic affected liver fluke infection prevention, testing, treatment, and vaccination services globally. Similarly, as per the data published by the WHO, in 2020, most malaria-endemic countries faced moderate disruptions in anti-parasitic service delivery. As a result of the resumed services and procedures, the liver fluke treatment market is recovering from the effect of COVID-19, and it is expected to regain its full potential during the forecast period.
The increasing cases of liver fluke in cattle, sheep, and humans are propelling the growth of the market. As per the study published by NCBI in December 2021, the prevalence of fascioliasis in cattle was found to be 90.13% in 2021. In addition, as per another study published by NCBI in July 2022, the prevalence of Fasciola spp infection in livestock ranged from 9.1% to 37.67% in the Eastern Cape province of South Africa in the last six decades (1960-2021). Additionally, according to data released by the CDC in September 2021, the number of infected people was expected to exceed two million worldwide in 2021.
Increasing cases of liver fluke infection in humans and animals and growing awareness of liver fluke infections among the population are the key driving factors for liver fluke treatment market growth. However, the requirement for long treatment cycles for liver fluke infection is likely to hamper the growth of the market.
