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Antifungal Treatment Market Global Industry Trends, Comprehensive Analysis 2027

Market Highlights

The global antifungal treatment market is growing moderately and expected to grow at the same pace over the forecast period 2017-2013. Increasing number of patients with fungal diseases and growing prevalence of HIV are the key factors of the market growth. Additionally, rising geriatric population is one of the important drivers of the market growth.  

The global Antifungal treatment market is expected to grow at a CAGR of 4.61% during the forecast period and is estimated to reach USD 19,558.0 million by 2023.

On the contrary, availability of conventional therapies and generic drugs for fungal infections, allergic reaction to specific antifungal drugs, and government regulations in the pharmaceutical industry are factors that may deter the antifungal treatment market growth over the forecast period.

Market Segmentation

The MRFR report offers a wide segmental analysis of the antifungal treatment market on the basis of drug class, therapeutic indication, pathogen, and end users.

Based on drug class, the antifungal treatment market is segmented into allylamines, polyenes, echinocandins, pyrimidines, azoles, and others. Of these, the azoles segment will have the largest share in the market over the forecast period. Azoles are used for treating ocular fungal infections, systemic candidiasis, blastomycosis, and candidemia.

Based on therapeutic indication, the antifungal treatment market is segmented into cryptococcosis, coccidioidomycosis, candidiasis, and systemic. Of these, the systemic segment will dominate the market over the forecast period.

Based on pathogens, the antifungal treatment market is segmented into trichophyton, zygomycetes, coccidioides immitis, cryptococcus, aspergillus, candida, and others.

Based on end user, the antifungal treatment market is segmented into dermatology clinics, hospitals and clinics, and others.

Regional Analysis

By region, the antifungal treatment market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific, Europe, and the Middle East and Africa. Of these, the Americas, particularly North America, will lead the market over the forecast period. This is owing to the rising incidences of patients in this region with fungal infections, developed healthcare infrastructure, and quick adoption of new antifungal treatments.

The antifungal treatment market in Europe will have the second-largest share in the market over the forecast period. Most companies in Europe are emphasizing on R&D of antifungal drugs that in turn, is pushing market growth. These companies are getting government funding that is favoring the market growth in this region.

The antifungal treatment market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the increasing awareness regarding available fungal infection treatments, rising healthcare expenditure, rising adoption of new medical practices, and developing healthcare infrastructure.

The antifungal treatment market in the Middle East and Africa is predicted to have a slow growth over the forecast period. This is owing to limited access to healthcare facilities and lack of awareness regarding antifungal treatments. 

Key Players

Leading players profiled in the antifungal treatment market report include Bayer AG (Germany), Astellas (Japan), Merck & Co., Inc. (U.S), Sanofi (France), Pfizer Inc. (U.S), and Novartis AG (Switzerland), among others. Key players have incorporated strategies such as technology launch, expansion, partnership, collaboration, and acquisition for gaining a competitive advantage in the market.

March 2019: Pharmbio Korea has signed a deal with BioSynectics for creating an antifungal treatment, PBK-1819-2. The company will use the nanotechnology of BioSynectics to create the drug. The nano-conversion technology will offer an array of perks such as lower side effects, dietary as well as post-diastolic deviation, and improved bioavailability.


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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

on August 25 at 4:27

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