Albendazole is a wide-range of antihelminthics. The primary approach of action for albendazole is by its prohibitory significance on tubulin polymerization, which leads to the damage of cytoplasmic microtubules. This drug is a medication taken for the treatment of a several number of parasitic worm infestations. It is very beneficial in circumstances such as hydatid disease, giardiasis, filariasis, trichuriasis, neurocysticercosis, pinworm disease, and ascariasis, amongst others. The albendazole drug is taken orally.
The albendazole market is majorly propelled by key aspects, including an augmented incidences of worm infestations, precisely in the rural and developing locations. In addition to that, the shortage of clean drinking water, hygiene, and absenteeism of allowable sanitation in certain locations are the major reasons for the growing number of parasitic worms which are eventually growing the requirement of albendazole around the globe. On the other hand, the adverse impressions of the albendazole drugs such as nausea, headache, and bone marrow suppression, amongst others, are limiting the albendazole market growth.
According to the report analysis, ‘Global Albendazole (CAS 54965-21-8) Market, 2021-2027’ states that Jiangsu Quality Horizons Pharmtech Co., Ltd., Bailing Agrochemical Co., Ltd., Hubei ZhongjiaChem Pharmaceutical Co. Ltd., Sequent Scientific Ltd., Huazhong Pharmaceutical Co., Ltd. and many more are the foremost entities which recently functioning in the global Albendazole (CAS 54965-21-8) market more actively for registering the great value of market share during review duration, keep maintaining the governing position, leading the handsome value of market share, generating the high percentage of revenue, and ruling around the globe by improving the qualitative and quantitative measures of such, spreading the awareness connected to the albendazole, implementing the policies of profit making and expansions strategies, establishing the several research and development programs, increasing the applications and benefits of albendazole, delivering the better consumer satisfaction, employing the young and active personnel and analysing the strategies and policies of government as well as competitors.
Based on applications, the global albendazole market is segmented into human use and veterinary. Region wise, it is predicted that the North American region is holding the greatest share in the albendazole market. This is ascribed to the growing aim on research and development activities by foremost players in this region and the growing incidence of pinworm infections around the U.S.
Globally, the growing prevalence of helminths infections which are caused by roundworm, hookworm, and several other worms, is projected to boost the requirement for anthelmintic drugs for infection treatment. This aspect, in turn, will underwrite to the growth of the global market. Moreover, the increasing awareness concerning veterinary care raises the level of control and care of animals. This results in growth in the populace of animals. Additionally, the advancements in veterinary education during the past few decades have placed greater importance on animal welfare, owing to which the requirement for albendazole has augmented in the animal care. Therefore, in the near years, it is predicted that the albendazole (CAS 54965-21-8) will augment more actively over the near future.
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Global Albendazole (CAS 54965-21-8) Market Size, 2021-2027
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Global Albendazole Market Analysis 2013-2018 and Forecast 2019-2024
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