Global Antifungal Treatment Market Information, by Medicine (Topical Antifungals, Oral Antifungals, Intravenous Antifungals, Intravaginal), by Applications (Ringworm, Athlete’s Foot, Fungal Nail Infection, Vaginal Thrush and Others) – Forecast To 2022
The Global Antifungal Treatment Market is growing with the rapid pace; mainly due to the increasing geriatric population. According to a recent study report published by the Market Research Future, The global market of Antifungal Treatment is booming and expected to gain prominence over the forecast period. The global Antifungal Treatment market is projected to perceive promising growth by 2023 with a staggering CAGR during 2017 – 2023.
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Globally the market for Antifungal Treatment is increasing rapidly. The major factor that derives the growth of Antifungal Treatment include increasing awareness about the myriad fungal infections, increasing government and corporate initiatives, rise in number of immune-compromised aged population, and rise in population that come in contact with resistant fungal strains and infections. Furthermore increased risk in wear artificial nails, weakened immune system is developing antifungal treatment. Additionally, people with a weakened immune system foster the market growth of Antifungal Treatment Market. People with a weakened immune system (the body’s natural defence system) are particularly vulnerable to invasive fungal infections. Those at risk include people with HIV and AIDS, having high-dose chemotherapy to treat cancer, are taking medicines to suppress the immune system, such as corticosteroids; in particular, have had an organ transplant will be taking immunosuppressant, making them more vulnerable to fungal infections.
However factors that may affect the market growth mainly include patient or practitioners’ scepticism towards antifungal drugs, generics prescriptions and government regulations in pharmaceutical industry and allergic reaction to some types of anti-fungal drugs.
Drugs for systemic antifungal treatment include amphotericin B (and its lipid formulations), various azole derivatives, echinocandins, and flucytosine (see Table: Some Drugs for Systemic Fungal Infections). Amphotericin B, an effective but relatively toxic drug, has long been the mainstay of antifungal therapy for invasive and serious mycoses. However, newer potent and less toxic triazoles and echinocandins are now often recommended as first-line drugs for many invasive fungal infections. These drugs have distinctly changed the approach to antifungal therapy, sometimes even allowing oral treatment of chronic mycoses.
Antifungal Treatment Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Antifungal Treatment Market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing and reputation. The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified completion. Top players are investing huge money in R&D and clinical trials to develop effective drugs to cure fungal infections. Top players are holding the largest market share while other small and medium size companies are also growing. Many companies are developing the new Antifungal Treatment. Drugs manufacturing companies are collaborating with the hospitals to provide better solutions for the market. Increasing adoption of new drugs, therapies and treatment options are increasing the competition in this market. Due to potential growth of this market, the competition is rising.
Key Players for Antifungal Treatment Market:
- Abbott (U.S)
- Pfizer (U.S)
- GlaxoSmithKline plc (U.K)
- Bayer Pharma AG (U.S)
- Novartis (Switzerland)
- Sanofi S.A (France)
- Merck & Co. (U.K)
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Antifungal Treatment Global Market – Segmentation
Global Antifungal Treatment Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Medicine : Comprises – Topical Antifungals, Oral Antifungals, Intravenous Antifungals, and Intra-vagina.
Segmentation By Applications : Comprises – Ringworm, Athlete’s Foot, Fungal Nail Infection, Vaginal Thrush and Other
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Antifungal Treatment Global Market – Synopsis
Fungal infections have become one of the major causes of morbidity and mortality in immune-compromised patients. Despite increased awareness and improved treatment strategies, the frequent development of resistance to the antifungal drugs used in clinical settings contributes to the increasing toll of mycoses. Although a natural phenomenon, antifungal drug resistance can compromise advances in the development of effective diagnostic techniques and novel antifungals.
The development of novel antifungals is challenging because fungi are eukaryotic organisms like mammals. With the exception of the cell wall, fungal cells share many similarities with the host thereby leading to a paucity of fungal-specific targets that can be exploited for antifungal drug development.
A rather empirical approach followed by some researchers and industrial laboratories involves screening of synthetic and semi-synthetic chemical libraries, natural extracts from plants, marine life and already existing medical compounds (repurposing) for antifungal properties.
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Antifungal Treatment Global Market – Regional Analysis
Globally North America is the largest market for antifungal treatment. The North American market for Antifungal Treatment is expected to grow at a substantial CAGR and is expected to reach to astronomical amounts by the end of the forecasted period. Europe is the second-largest market for Antifungal Treatment which is expected to grow at a considerable CAGR. Furthermore Asia pacific market is expected to be the fastest growing market for Antifungal Treatment market.
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