Paronychia Treatment Market is expected to grow at a CAGR of 11.7% during the forecast period 2017-2023. The global market for paronychia treatment is one of the steady growing markets. Paronychia usually happens when the skin around an individual’s nail is irritated or harmed. Paronychia is a soft tissue infection of the skin around the fingernails and toenails. Bacteria which cause this type of infection are known as Candida. The infection begins as cellulitis but may progress to a definite abscess.
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Companies are continuously inventing new products to capture the market globally. Thus, major players invest more in research and development activity, in order to lead the global market. Market players are focusing more on collaboration and acquisition in order to develop the product portfolio, which help them to lead the market and capture maximum share. Market players are continuously working to minimize the gap between demand and supply of quality treatment in order to maximize profit.
The Americas account for a major share in the global paronychia treatment market owing to the increasing prevalence of acute paronychia, chronic paronychia, candidal paronychia, and pyogenic paronychia. Moreover, well-developed technology, increasing government support for research & development, high healthcare expenditure, and changing lifestyle have fuelled the growth of the Americas paronychia treatment market. Additionally, the concentration of major players in this region is likely to fuel the growth of the market during the forecasted period.
Paronychia Treatment Market Key Players:
Some of the key players in this market are GlaxoSmithKline plc (U.K), Glenmark Generics Ltd. (India), Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly Company (U.S.), Jonakayem Pharma Formulation Pvt. Ltd. (India), Fougera Pharmaceuticals Inc. (U.S.), Taro Pharmaceutical Industries Ltd. (U.S.), Perrigo New York, Inc. (U.S.) and others.
Europe holds the second largest paronychia treatment market, which is followed by Asia Pacific. Availability of funds for research & development and strong government support, drive the market growth. For instance, countries like Germany and France are increasing investment in the healthcare domain. Most of the players belong to this region and are constantly investing more into research and development for introducing quality treatment. There is a huge demand of quality treatment from the emerging market. Thus, they encash the opportunity and maximize the market share by exporting better treatment option to the developing countries of Asia Pacific region.
Table of Content:
- Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
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