Lice are parasites that grow mostly
in the head or pubic areas and feed on human blood. These parasites are
increasingly becoming resistant to traditional methods of treatments which has
created an urgent need for the development of effective treatment options. Lice Treatment Market is anticipated to reach Massive
Growth at Moderate CAGR during the forecast period 2022-2030.
The prevalence of lice parasites
contamination is increasing perpetually worldwide which is the prime factor
boosting the growth of the lice treatment market. New product launches,
elevation in level of awareness, and easy availability of lice treatment
products is fueling the growth of the market. Growing R&D activities by
pharmaceutical companies to come up effective compounds which can effective
kill these more than ever resistant parasites is likely to provide attractive
opportunities to the market.
They don't
transmit infections like head lice are well-known for doing. There is,
nevertheless, the risk of extreme itching and the development of secondary skin
conditions. Head lice may cause sleeplessness, intense itching, discomfort, and
a lack of concentration on the most important aspects of life. As a result, the
global lice treatment market is expanding at a rapid pace. Manufacturers have
made products like pyrethrin and lotions like benzyl alcohol lotions widely
available to keep up with demand. Several nations in the Americas, such as the
United States, are seeing an increase in vulnerable children, fueling the
market.
The
epidemic has impacted a wide range of industries and businesses, including some
critical medical sectors. It also had a negative influence on the market's
expansion. The protracted lockdown in several nations has resulted in the
dissolution of public meetings and the closing of academic institutions. Lice
infestations have been on the decline in recent years due to such reasons. The
need for lice treatment decreased dramatically during the epidemic since it was
no longer considered a requirement.
Major Key
Players:
Some of the Lice Treatment Market Players are AkzoNobel N.V., Alliance
Pharmaceuticals Ltd., Bayer HealthCare, Dow AgroSciences LLC, Elanco,
GlaxoSmithKline, Insight Pharmaceuticals, Johnson & Johnson, Omega Pharma,
Pfizer, Sanofi, Suven Life Sciences, Taro Pharmaceuticals, Topaz
Pharmaceuticals Inc., and others
Segment Analysis
The Global Lice Treatment Market is segmented based on type,
treatment, end user, and region Based on type, the market is segmented
into pediculosis capitis, pediculosis corporis, and pubic lice treatment.
On the basis of treatment, the market is divided into two, i.e., OTC (over the
counter) products and prescription medications. The OTC medication segment is
bifurcated into permethrin, pyrethrin, and others. The prescription
segment is sub-segmented into ivermectin, spinosad, malathion, and others. By
distribution channel, the market is segmented into hospitals & clinics,
retail pharmacies, and online platform. On the basis of region, the market is
segmented into the Americas, Europe, Asia Pacific and the Middle East &
Africa.
Regional
Analysis
The Americas leads the global
lice treatment market. This can be attributed due to growing child population
and presence of major market players within the region. Moreover, the presence
of developed economies like U.S. and Canada within the region boost the market
growth. In 2017, followed by the Americas, Europe stood second in the global
market owing to the presence of a well-developed healthcare infrastructure,
increasing awareness and high healthcare expenditure. Asia Pacific was
estimated to be the fastest growing region in 2017. This can be attributed due
to the high contamination rate, increasing household income and growing
penetration of the market players within the region. Moreover, rapidly growing
pharmaceutical sector within the region boosts the market to grow. On the other
hand, the Middle East and Africa held the least share in the global lice
treatment market. This can be attributed due to the presence of poor economies,
stringent government policies and low per capita income, especially within the
African region. A majority of the of the market share within the Middle East
& Africa is estimated to be held by the Middle East due to increasing
government funding for healthcare, improving healthcare facilities and presence
of developed economies like United Arab Emirates, Saudi Arabia, Kuwait, Dubai,
and others.
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