Global Antifungal Drugs Market to Drive at a CAGR of 5% During the Forecast Period of 2022-2027 Cryptocurrency
Expert Market Reseach’s new report titled ‘Global Antifungal Drugs Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Antifungal Drugs market, assessing the market based on its segments such as Class of drugs, indication and major regions like Asia-Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): USD 13.86 billion
- Forecast CAGR (2022-2027): 5%
- Forecast market size (2027): 18.57 billion USD
The growth of the global antifungal drugs market is driven by the increasing prevalence of fungal diseases in the countries. The market is further aided by factors such as growing awareness of various fungal infections such as ringworm, candidiasis, and systemic mycosis, among others, rising number of antifungal drugs available over the counter (OTC) and l growing use of antifungal drugs in developing countries. In addition, increasing investments in research and development (R&D) activities and new drug pipelines by major pharmaceutical companies for the development of new and more effective antifungal drugs are expected to drive the market growth over the forecast period. .
Antifungal drugs, also known as antifungal drugs, are pharmaceutical fungicides that help eliminate fungal infection from the body with minimal side effects.
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Based on Drug Class, the market is segmented into:
- Isavuconazole (CRESEMBA)
- Micafungin (Mycamine/ Funguard)
- Amphotericin (AmBisome)
Based on the indication, the industry is divided into:
- Invasive candidiasis
- Vulvovaginal candidiasis (VVC)
- Candidiasis of the mouth/throat/esophagus
Regional antifungal drug markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Regionally, North America is expected to hold a major share of the global antifungal drugs market. This can be attributed to the growing awareness of hygiene, increasing prevalence of patients suffering from fungal infections, and increasing adoption of advanced therapies. Meanwhile, Europe is expected to follow North America due to growth in healthcare infrastructure, increased healthcare spending, etc. During the forecast period, Asia-Pacific is expected to grow at the fastest rate. This can be attributed to increased government spending in the healthcare sector and the growing number of pharmaceutical manufacturers in countries like India and China.
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Main market players
Major players in the market are Abbott Laboratories, GlaxoSmithKline PLC, Novartis AG, Pfizer Inc. and few others.
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