The global antifungal drugs market is expected to reach USD 13.03 Billion by 2026, according to a new report by Reports and Data. Antifungal drugs are used to treat fungal infections. Rising prevalence of fungal infections and fungal diseases is one of the most significant factors anticipated to boost the market demand in the upcoming years. Though most of the infections caused by fungus are non-fatal in nature but cause great inconvenience in the people suffering from it and as a result would require proper medication for their cure.
An increase in the level of disposable income of the people coupled with increasing awareness towards healthy well-being is likely to boost the growth of the market in the future. An increase in the population of people with weak immunity who are vulnerable to fungal infection and an increase in the elderly population are also forecasted to drive the market in the future.
Additionally, increased investments made in R&D along with public-private partnership agreements in the pharmaceutical industry to come up with novel and more effective drug for treating fungal infections as well as the increasing demand for OTC (over-the-counter) antifungal drugs especially for treatment for skin related infection is causative of the growth of the market.
Top Companies Profiled in the Report Include:
Merck & Co. Inc., Novartis AG, Pfizer Inc., Bayer AG, Enzon Pharmaceuticals Inc., GlaxoSmithKline PLC, Abbott, Sigma-Aldrich, Glenmark Pharmaceuticals, and Astellas Pharma Inc. among others.
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Further key findings from the report suggest
Azoles held the largest market share of over 40% in 2018 and is expected to witness the fastest growth rate of 1.6% in the forecast period. The growing demand of Azoles may be attributed to the ongoing development of novel antifungal drugs by making use of the azole group.
Azoles are extensively used for the treatment of superficial and invasive fungal infections. The drug has fewer side-effects, less severe drug interactions, and enhanced absorption and distribution properties.
Dermatophytosis held a market size of USD 2.79 billion in 2018 and is estimated to grow at the fastest rate of 1.7% throughout the forecast period owing to the increasing prevalence of skin infections especially in children.
The antifungal drugs market in North America contributed to the largest market share of around 40% in 2018 and is estimated to grow at a rate of 1.1% during the forecast period.
The market dominance of North America may be attributed to the growing prevalence of fungal infections coupled with an escalation in the usage of these drugs is anticipated to fuel the market demand in the forecast period.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
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Additionally, the report consists a detailed analysis of the segmentation of the Antifungal Drugs market based on product types and end-use/application offered in the Antifungal Drugs market.
Drug Class Outlook (Revenue, USD Million; 2016-2026)
Azoles
Voriconazole (Vfend)
Posaconazole (Noxafil)
Clotrimazole (Canesten)
Isavuconazole (CRESEMBA)
Others
Echinacandins
Caspofungin (Cancidas)
Micafungin (Mycamine/ Funguard)
Others
Polyenes
Amphotericin (AmBisome)
Others
Allylamines
Terbinafine (Lamisil)
Others
Others
Dosage Form Outlook (Revenue, USD Million; 2016-2026)
Liquid or Spray
Shampoo
Gels
Injections
Pills
Creams
Indication Outlook (Revenue, USD Million; 2016-2026)
Candidiasis
Dermatophytosis
Aspergillosis
Others
Distribution Channel Outlook (Revenue, USD Million; 2016-2026)
Hospitals Pharmacies
Specialty Clinics
Retail Pharmacies
Online Pharmacies
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Antifungal Drugs market in these key regions.
Country-wise regional analysis covers:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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