Schistosomiasis Treatment MarketSize and Trends

Development of novel vaccines for the treatment of schistosomiasis is expected to propel the growth of schistosomiasis treatment market

According to the University of Nottingham in 2017, researchers have discovered the infiltrin protein on a parasitic egg, which may be responsible for this infectious disease. This discovery is expected create opportunities for targeted development of vaccination and treatments. Moreover, the College of Science at Oregon State University (OSU), discovered the new protein in Biomphalaria glabrata snail, known as Grctm6 in 2017. Research is in progresses use this protein as a biocontrol agent against schistosomiasis.

Dr. Afzal Siddiqui, a professor at the Tech Health Sciences Center, in 2015, received a patent for vaccine to treat schistosomiasis. The vaccine demonstrated successful results in pre-clinical trials and is undergoing clinical trials for safety and efficacy evaluation. Patent applications have also been filed in China, India, and Brazil. Dr. Siddiqui intends to develop and distribute this vaccine at affordable rates for the infected people. This is expected to stimulate growth in the schistosomiasis treatment market in future.

Increasing demand for preventive chemotherapy against schistosomiasis is expected to favor the growth of schistosomiasis treatment market

According to the World Health Organization (WHO) in 2017, around 92% people require preventive chemotherapy for schistosomiasis in Africa. Around 75% of school aged children are at risk of morbidity from schistosomiasis and soil-transmitted helminthiasis. Further, 78% of the economies have an epidemic outbreak of schistosomiasis and 52% of those countries require preventive chemotherapy. Also, the as per the WHO estimates, globally 207.7 million people required preventive chemotherapy in 2016, among them around 111.8 million were school-aged children. Increasing prevalence in schistosomiasis and its complications is a major driving factor that would fuel the growth of schistosomiasis treatment market in near future. Lack of hygienic environment and safe drinking water in emerging economies is expected to propel the growth of Schistosomiasis market.

In May 2017, Global Schistosomiasis Alliance organized the world’s Neglected tropical diseases (NTDs) program hosted by World Health Organizations (WHO). Many organization from various economies supported this schistosomiasis control initiative program, which include Chinese Centers for Disease Control and Prevention (CDC), Research for Control and Elimination (SCORE), Swiss Tropical and Public Health Institute, The Federal Ministry of Health Ethiopia (FMHE), and The Ministry of Health (MoH).