Rising prevalence of fungal infections coupled with an increase in awareness is estimated to stimulate market demand.
Market Size – USD 11.61 billion in 2018, Market Growth - CAGR of 1.4%, Market Trends – Increased investments in R&D for drug discovery
NEW YORK, May 13, 2019 (GLOBE NEWSWIRE) -- 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.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1399
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.
Availability of generic drugs and conventional therapies for fungal infections may create hindrances in the growth of the market in the forecast period.
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.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/antifungal-drugs-market
- 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.
- Key participants 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.
- In December 2019, GlaxoSmithKline and Pfizer, two significant companies in the market, announced the merging of their health care divisions, forming a market leader in OTC (over the counter) health care products such as pain relievers and vitamins with joint sales of USD 12.7 billion.
Order Now: https://www.reportsanddata.com/checkout-form/1399
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global antifungal drugs market on the basis of drug class, dosage form, indication, distribution channel, and region:
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
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Browse more reports of Pharmaceutical category at: https://www.reportsanddata.com/report/category/pharmaceutical
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
E-mail: sales@reportsanddata.com