The global antifungal drugs market size was USD 13.81 Billion in 2021 and is expected to register a revenue CAGR of 3.6% during the forecast period, according to latest analysis by Emergen Research. Increasing high-value investments in the healthcare sector and Research & Development (R&D) initiatives by various major companies is a key factor driving market revenue growth. In addition, growing prevalence of various fungal skin infections with increasing awareness about fungal disease for early identification and prevention id driving revenue growth of the market.
Increasing funding and investments in healthcare is a key factor driving antifungal drugs market revenue growth
Majority of life-threating fungal infections inflicts individuals with altered immune function, such as HIV/AIDS, cancer chemotherapy, and hematology, among others. Rising incidence of invasive fungal infections along with immunodeficiency diseases is another major factor driving demand for antifungal drugs. In addition, ease of application of antifungal treatments in the form of oral tablets, topical cream/ointment, and IV drips, as well as their availability as over-the-counter medications, is a key factor increasing demand for antifungal drugs by the healthcare sector. Moreover, increased R&D for new formulated medications for treatment of fungal infections is contributing to growth of the market. On 21 May 2021, MSN Labs launched Posaconazole under the brand PosaOne, for treatment of deadly black fungus both in form of injections and delayed-release tablets. PosaOne, a triazole antifungal drug recommended for treatment of mucormycosis patients, was introduced as 100mg delayed-release tablets and 300mg injections.
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However, various side-effects of antifungal drugs such as allergic reactions, liver damage, itchy skin, and diarrhea, among others, as well as growing resistance to antifungal medications are expected to restrain growth of the market
The major manufacturers covered in this report:
GSK Group of Companies, Novartis AG, Pfizer Inc., Bayer AG, Merck & Co., Inc., Abbott, Astellas Pharma Inc., Enzon Pharmaceuticals, Inc., Glenmark Pharmaceutical Inc., and Leadiant Biosciences, Inc.
Scope of the report:
The study aims to evaluate different segments, their individual development trends, and their contribution towards the growth of the overall industry. Furthermore, the research offers extensive data about the key factors such as the drivers, challenges, restraints and opportunities and their impact on the growth rate. Most importantly, the market intelligence report delivers competitive intelligence data from market evaluation and help companies plan their growth strategies from the consumption volume as well as forecast statistics.
Emergen Research has segmented the global antifungal drugs market based on drug type, indication analysis, route of administration, distribution channel, and region:
- Drug Type Outlook (Revenue, USD Billion; 2019-2030)
- Azoles
- Polyenes
- Echinocandins
- Allylamines
- Indication Analysis Outlook (Revenue, USD Billion; 2019-2030)
- Dermatophytosis
- Candidiasis
- Aspergillosis
- Others
- Route of Administration Outlook (Revenue, USD Billion; 2019-2030)
- Topical
- Oral
- Parenteral
- Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online pharmacies
- Retail pharmacies & drug stores
- Hospital pharmacies
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- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
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The professional intelligence study on the Antifungal Drugs market addresses some of the most critical questions:
What market size will 2031 be, and what growth rate will it experience?
What are the key trends in the Market?
What are the driving forces behind the Antifungal Drugs market?
What are the obstacles to market growth?
Which are the top vendors in this space?
What are the threats and opportunities in the market for key vendors?
What are the strengths or weaknesses of critical vendors?
What are the future opportunities for the players in the Antifungal Drugs market?
What are the main issues facing the global Antifungal Drugs market?
How does the competitive landscape look?
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About Emergen Research
Emergen Research 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 clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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