Artemisinic Acid Market 2030: Trends Shaping the Future of Antimalarials
Global Artemisinic Acid Market Overview The global artemisinic acid market was valued at USD 699.18 million in 2022 and is projected to reach USD 975.05 million by 2030, expanding at a CAGR of 4.24% from 2023 to 2030. This growth is primarily driven by the high prevalence of malaria, especially in developing and underdeveloped economies, combined with public health initiatives, increased awareness, and ongoing research focused on malaria treatment. Impact of COVID-19 The COVID-19 pandemic initially had a negative impact on the demand for malaria treatment, as healthcare systems prioritized COVID-related cases. However, in March 2020, the World Health Organization (WHO) emphasized the need to continue malaria services, including diagnosis, treatment, and prevention, particularly in malaria-endemic regions in Africa. These efforts likely helped sustain and even increase demand for artemisinic acid during the pandemic and are expected to support continued market growth in the post-pan...