New York, March 08, 2023 (GLOBE NEWSWIRE) -- Latest Research Report by The Insight Partners, “Antifungal Drugs Market Size, Share, Growth, Value and Global Forecast to 2028 - Global Analysis by Infection Type (Superficial Fungal Infection and Systemic Fungal Infection), Drug Type (Echinocandins, Azoles, Polyenes, Allylamines, and Others), Therapeutic Indication (Aspergillosis, Dermatophytosis, Candidiasis, and Others), and Dosage Form (Drugs, Ointment, Powder, and Others)”, the global antifungal drugs market size is estimated to grow at a CAGR of 3.3% from 2022 to 2028, it is expected to grow from USD 11.13 billion in 2021 to USD 13.99 billion in 2028.
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Global Antifungal Drugs Market – Report Scope:
| Market Size Value in | USD 11.13 Billion in 2021 |
| Market Size Value by | USD 13.99 Billion in 2028 |
| Growth rate | CAGR of 3.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| No. of Pages | 169 |
| No. of Tables | 95 |
| No. of Charts & Figures | 70 |
| Historical data available | Yes |
| Segments covered | Infection Type, Drug Type, Therapeutic Indication, and Dosage Form |
Global Antifungal Drugs Market: Competitive Landscape and Key Developments
The antifungal drugs market includes many small and large companies. Market players are adopting various strategies to increase their market shares; these include new product launches, regional expansion, and technological advancements.
Pfizer Inc.; Sanofi S.A.; Gilead Sciences, Inc.; Merck And Co., Inc.; Scynexis Inc.; Novartis International AG; Abbott Laboratories; Bayer AG; Glenmark Pharmaceutical; and Glaxosmithkline Plc. are among the leading companies operating in the global antifungal drugs market. The companies adopt product innovation strategies to meet the rising customer demands globally, allowing them to maintain their brand presence in the global antifungal drugs market.
A few of the recent developments by the market players in the antifungal drugs market are mentioned below:
In December 2018, the US FDA approved Mayne Pharma’s SUBA-itraconazole (Tolsura), which is used for the treatment of certain systemic fungal infections. Itraconazole can be used to treat both superficial infections, as well as systemic fungal infections of the major organs and is considered as one of the broadest spectrum antifungal drugs.
In September 2018, Aurobindo acquired a generic dermatology portfolio of Novartis US which is likely to include a wide range of therapeutic areas, including topical antibiotics, gynecological and dermatological antifungal agents, anti-acne agents, local anesthetic analgesics, anti-itch, and a dermatological chemotherapeutic agent.
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Public-Private Partnerships Agreements in Pharmaceutical Industry to Drive Global Antifungal Drugs Market Growth:
The recent public-private partnerships (PPPs) agreements in the pharmaceutical industry to develop new and advanced therapeutics are anticipated to offer remarkable growth opportunities for the antifungal drugs market. Various companies and organizations are working on developing advanced pharmaceutical drugs. For instance, in July 2016, CARB-X, a public-private partnership, announced its plan to provide approximately US$ 350 million for the next five years to increase the R&D pipeline. The partners involved in the agreement are the US Department of Health and Human Services, the Antimicrobial Resistance Centre in England, and the Boston University School of Law. In addition, PPPs are multiple stakeholder partnerships developed to increase research efficiency. More recently, in Europe, the number of PPPs have been increased in the healthcare research and development. They enable innovative technologies for validation & animal models, therapeutic target finding, lead selection & in-silico modeling, analytical drug disposition & toxicology, biomarkers & bio-sensoring, drug preparation, and delivery & targeting. Thus, the antifungal drugs market is likely to grow due to increasing revolutionary technologies, innovative products, and successful partnerships between public and private companies during the forecast period.
Antifungal drugs are used for treating common fungal infections such as fungal nail infections and vaginal infections that appear on the external surface of the body and other fungal invasive infections that occur inside the tissue of the body or in an internal organ such as the lungs and brains. It works against the fungal infection by either killing the fungal cells or constraining their growth.
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Browse Adjoining Reports:
Global Antifungal Treatment Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Drug Class (Azoles, Pyrimidines, Echinocandins, Polyenes, Allylamines, Others); Therapeutic Indication (Systemic, Candidiasis, Coccidioidomycosis, Cryptococcosis, Prophylactic); Pathogen (Candida, Aspergillus, Cryptococcus, Coccidioides Immitis, Zygomycetes, Trichophyton, Others); End Users (Hospitals and Clinics, Dermatology Clinics, Others) and Geography
Global Anti-Microbial/Anti-fungal Test Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Test Type (Molecular Based Tests, Rapid Diagnostic Tests, complex Test, Phenotypic Resistance Tests, Others); Infection Type (Microbial Infection, Fungal Infection, Anti-Microbial Resistance, Anti-Fungal Resistance); End User (Hospitals and Clinics, Diagnostic Centers, Research Laboratories) and Geography
Global Anti-fungal Agents Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Drug Type (Echinocandins, Azoles, Polyenes, Allylamines); Therapeutic Indication (Aspergillosis, Dermatophytosis, Candidiasis, Others); Dosage form (Powder, Ointment, Drugs, Other) and Geography
Global Systemic Oral Azoles Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Drug type (Voriconazole, Itraconazole, Fluconazole, Ketoconazole, Miconazole); Application (Candidiasis, Thrush, Yeast Infection, Seborrheic dermatitis) and Geography
Global Eye Infection Drugs Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Drug Class (Antibiotics, Antivirals, Antifungals, Antihistamines, Corticosteroids, Glucocorticoids); Dosage Form (Tablet, Capsule, Ophthalmic Ointment, Eye Drops, Others); Indications (Conjunctivitis, Keratitis, Endophthalmitis, Blepharitis, Stye or Sty (Hordeolum), Uveitis, Cellulitis, Ocular herpes); Causative Agents (Virus, Bacteria, Fungus, Allergens); End User (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others) and Geography
Global Aspergillosis Drugs Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Triazoles, Other therapeutics.) and Geography
Global Acute Invasive Aspergillosis Treatment Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Drug Type (Antifungal, and Corticosteroids); Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies), and Geography
Global Systemic Aspergillosis and Systemic Candidiasis Market Size Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Voriconazole, Liposomal, Amphotericin B, Systemic Oral Azoles, Topical, Antifungal Agents, Others); Application (Chronic, Pulmonary Aspergillosis (CPA), Allergic, Bronchopulmonary Aspergillosis (ABPA), Gastrointestinal Candidiasis, Genitourinary Tract Candidiasis, Others), and Geography
Global Drugs for Vulvovaginal Candidiasis Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Cream, Pessary, Other); Applications (Hospital and Clinic, Pharmacy)
Global Fluconazole Drug Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Capsule, Tablet, Injection); Application (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) and Geography
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