Lice Treatment Market Players, Size, Value Share, Industry Segment and Forecast to 2030
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.
The lice treatment market size is projected to grow USD
0.167 billion by 2030, at CAGR 7.65% during the forecast period
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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