Latest News- Lice Treatment Market: Hospitals and clinics is expected to lead the Distribution Channel segment during 2024-2028

The Lice Treatment Market is being driven by Increasing prevalence of lice infestation

The Lice Treatment Market is expected to grow at a CAGR of 5.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 117.3 million. The global lice treatment market is experiencing significant growth due to the increasing population and the higher susceptibility of children to lice infestations. Children, being less protective of their personal space and hygiene, are more prone to lice infestations than adults. Furthermore, in nomadic communities, where hygiene and awareness levels are lower, the prevalence of lice infestations among children is notably high. As a result, the expanding population and the resulting increase in the number of children are anticipated to boost market growth during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Hospitals and clinics
  • Online
  • Retail pharmacies
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of lice infestation
• Rising healthcare expenditure
• Easy availability of lice treatment products

However, the market also witnesses some limitations, which are as follows:

• High cost of healthcare
• Availability of counterfeit drugs
• Lack of awareness for lice treatment drugs

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Market Scope in Lice Treatment Market Research Report

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Research Analysis Overview

The Lice Treatment Market encompasses various aspects of managing and eliminating lice infestations. This includes methods for lice detection and diagnosis, duration and frequency of treatments, effectiveness and safety of treatments, cost and availability of treatments, compliance with treatment plans, and prevention strategies. Prevention measures range from education to products and techniques, while control methods and techniques include removal tools, products, and eradication methods. Infestation management also involves monitoring and surveillance to ensure successful treatment and prevention.

Market Research Overview

The global pharmaceuticals market encompasses entities involved in the research and development or manufacturing of various types of drugs, including those used for lice treatment. This market's size is determined by Technavio based on the consolidated revenue generated from the sale of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the growth of this sector include the increasing aging population. By 2050, approximately one-quarter of the US population and Europe's population ratio are projected to be over 60 years old. This demographic shift will lead to a higher demand for pharmaceutical solutions, including those addressing lice infestations, such as head lice, body lice, and pubic lice, as well as lice eggs, lice control, lice prevention, and lice removal. The market is further bolstered by the continuous development of innovative lice treatment products and the growing awareness of the importance of maintaining personal hygiene.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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