The Anti-Fungal Treatment Market Size was valued at USD 15.21 billion in 2022, and is expected to reach USD 20.03 billion by 2030 and grow at a CAGR of 3.5% over the forecast period 2023-2030.
Antifungal treatment, sometimes referred to as antimycotic treatment, is a pharmaceutical fungicide or fungistatic used to treat and prevent mycoses such cryptococcal meningitis, candidiasis, ringworm, and others. To treat fungal infections, many antifungal medications are available. Antifungal drugs come in many distinct varieties. They may also be administered intravenously, topically, or orally. The rise in nosocomial and fungal diseases is the key factor driving the market for antifungal treatment. However, it is anticipated that a spike in initiatives by individuals and private organisations to raise awareness about the wide range of fungal illnesses will expand the global markets for antifungal treatments.
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DRIVERS
Awareness of the Many Fungal Infections is Growing
More and more over-the-counter antifungal medications (OTC)
Antifungal Drug Use for a Wide Range of Medical Conditions is Growing in Developing Regions
RESTRAINTS
Issues with Medicine
Drug Resistance to Antifungals is Growing
Antifungal Drug Adverse Reactions
OPPORTUNITIES
R&D activities are becoming more prevalent.
CHALLENGES
Antifungal medications have a high price tag.
Resistance to antifungal drugs is spreading throughout the people
Underdeveloped countries' inadequate healthcare infrastructure
Over the projected period, it is expected that the COVID-19 outbreak would constrain the market for antifungal medications. the COVID-19 virus has spread to almost every nation on earth, prompting the World Health Organization (WHO) to declare it a public health emergency. A new coronavirus called COVID-19 was identified as the cause of the pneumonia cases. Rapid global spread of this virus resulted in a large number of fatalities. the WHO proclaimed COVID-19 a global pandemic and recommended stringent measures to stop the disease's spread. Since then, the pandemic has delayed the growth of the healthcare sector and disrupted the supply chain.
Flight restrictions had an effect on the market for antifungal drugs in the first quarter. Strict social distancing laws and supply chain disruptions have had an impact on the antifungal drug industry. However, the market for antifungal medications, which had been languishing, has been revived as a result of economies unblocking during the second quarter. Government officials in the majority of countries have also imposed nationwide lockdowns in an effort to halt the spread of COVID-19. Similar issues were plaguing health systems around the world that made it difficult to keep up supply chains. The demand for antifungal drugs has also been hampered by the supply chain's slowness.
By Drug Class
The market was led by the azoles segment, and this trend is anticipated to persist over the projected period due to an increase in the occurrence of invasive fungal infections and the prevalence of diabetes. As a result, the market is growing due to the increase in antifungal medicine usage.
By Infection Type
Due to an increase in aspergillosis instances and a rise in the manufacturing of oral or intravenous medications like voriconazole, which can treat the invasive kind of aspergillosis, the systematic antifungal infection segment has been driving market expansion. But because there are more cases of candidiasis, a yeast-caused fungal infection, that segment of the market for superficial antifungal infections is anticipated to develop significantly throughout the projected period.
By Therapeutic Indications
The candidiasis segment is driving market expansion. Candidiasis is a fungal infection brought on by yeasts and is classified as belonging to the genus Candida as a result of the increase in candida organism proliferation. But due to an increase in aspergillus molds, the aspergillosis segment is anticipated to have significant growth during the projection period.
By Drug Class
Azoles
Polyenes
Allylamines
Echinocandins
By Infection Type
Superficial Antifungal Infections
Systemic Antifungal Infections
By Therapeutic Indications
Aspergillosis
Dermatophytosis
Candidiasis
Others
By Dosage Forms
Oral
Topical
Others
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Due to the rising rate of mucormycotic cases, the presence of major players, the growth of the healthcare industry, and the availability of new anti-fungal medications in the region, North America currently holds the largest market share for antifungal drugs and is predicted to maintain this position throughout the forecast period. Due to the rising prevalence of mucormycotic, a chronic illness-related fungal infection, Asia-Pacific is anticipated to see the highest CAGR throughout the projection of the market for antifungal medications.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Abbott, bioMérieux SA, Cardinal Health, Inc., F. Hoffmann-La Roche Ltd, BD, General Electric Company, Hologic, Inc, Siemens Medical Solutions USA, Inc., Quest Diagnostics Incorporated, Koninklijke Philips N.V. and Others Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 15.21 Billion |
| Market Size by 2020 | US$ 20.03 Billion |
| CAGR | CAGR of 3.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Drug Class (Azoles, Polyenes, Allylamines, Echinocandins) • By Infection Type (Superficial Antifungal Infections, Systemic Antifungal Infections) • By Therapeutic Indications (Aspergillosis, Dermatophytosis, Candidiasis, Others) • By Dosage Forms (Oral, Topical, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Abbott, bioMérieux SA, Cardinal Health, Inc., F. Hoffmann-La Roche Ltd, BD, General Electric Company, Hologic, Inc, Siemens Medical Solutions USA, Inc., Quest Diagnostics Incorporated, Koninklijke Philips N.V. |
| Key Drivers | • Awareness of the Many Fungal Infections is Growing • More and more over-the-counter antifungal medications (OTC) |
| RESTRAINTS | • Issues with Medicine • Drug Resistance to Antifungals is Growing |
Ans. Anti-Fungal Treatment Market Size was valued at USD 15.21 billion in 2022.
Ans: The Anti-Fungal Treatment Market is growing at a CAGR of 3.5% over the forecast period 2023-2030.
Ans. North America currently holds the largest market share for antifungal market.
Ans. Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers
Ans. Anti-Fungal Treatment market is divided in four segments and they are By Drug Class, By Infection Type, By Therapeutic Indications, and By Dosage Forms
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Anti-Fungal Treatment Market Segmentation, By Drug Class
8.1 Azoles
8.2 Polyenes
8.3 Allylamines
8.4 Echinocandins
9. Anti-Fungal Treatment Market Segmentation, By Infection Type
9.1 Superficial Antifungal Infections
9.2 Systemic Antifungal Infections
10. Anti-Fungal Treatment Market Segmentation, By Therapeutic Indications
10.1 Aspergillosis
10.2 Dermatophytosis
10.3 Candidiasis
10.4 Others
11. Anti-Fungal Treatment Market Segmentation, By Dosage Forms
11.1 Oral
11.2 Topical
11.3 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Abbott
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 bioMérieux SA
13.3 Cardinal Health, Inc.
13.4 F. Hoffmann-La Roche Ltd
13.5 BD
13.6 General Electric Company
13.7 Hologic, Inc
13.8 Siemens Medical Solutions USA, Inc.
13.9 Quest Diagnostics Incorporated
13.10 Koninklijke Philips N.V.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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