The Global Anti-Fungal Drugs Market accounted for a market value of USD XX million in 2017 and is expected to reach USD XX million by 2017. The market is expected to reach USD XX million by 2022, growing at a CAGR of X% during the forecast period of 2017 to 2022.
Anti Fungal Agent are drugs that detects and eliminates fungal pathogens from foreign body with minimal toxic side effects to the body. The anti-fungal agent market growth is increasing due to rise in number of patients suffering from hygiene related diseases in developing countries and some of the developed countries. The Global antifungal market is dominated by systemic antifungal infection. This market for systemic agents for serious infection is currently served by only three major drug classes, Azoles, Polyenes, Echinocandins and Allylamines. The global antifungal drugs market is expected to witness a lucrative growth during the forecast period owing to the increasing awareness about the myriad fungal infections, increasing government and corporate initiatives, rise in number of immune-compromised aged population, and rise in population that come in contact with resistant fungal strains and infections.
The market is restrained mainly because of growing resistance to antifungal drugs, presence of generics and government regulations in pharmaceutical industry and allergic reaction to some types of anti-fungal drugs.
The global antifungal drugs market can be segmented on the basis of type of drug, and therapeutic indication. Depending on the line of treatment, antifungal agents are divided into Azoles, Echinocandins, Polyenes, Allyamines and others. Of these the azole class consists of Voricanazole, Imidazole, Triazole and Thiazoles. Voriconazole is identified as the market leading agent. The Echinocandins are the latest class of agent to be introduced to the market but crude mortality remains high. Increasing resistance is being seen amongst Candida and Apsergillus species particularly to azoles and this is thought to be driven by the use of azoles in agriculture. Allylamines contain agents such as Lamisil and Terbinafine. Therapeutic indicators have been segmented into Dermatophytosis, Candidiasis, Aspergillosis and others.
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This report have been geographically segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The North American region have been further segmented into USA, Canada and Mexico. The Europe region have been sub-divided into Germany, France, UK, Spain, Italy, Scandinavia, Benelux and Rest of Europe. The Asia-Pacific market have been segmented into Japan, China, India, South Korea, Australia & New Zealand and Rest of Asia-Pacific. The Middle East & African market have been subdivided into GCC countries, South Africa and rest of Middle East and Africa. The South American market have been segmented into Brazil, Argentina and rest of South America.
In 2014, North America accounted for the largest market share owing to increasing incidences of fungal infections and development of novel antifungal biopharmaceuticals. Emerging economies such as India and China in the Asia Pacific region are expected to grow at a significant rate in the next seven years. The myriad reasons for this trend include increasing awareness towards health care and personal care, increasing per capita income of the population and increasing transparency in the APAC region supply-chain. Indiaâ€™s tropical environment is a breeding ground for varied types of fungi and hence provides a lot of opportunities to the Pharma operators to keep the drug market flooded with various anti-fungal drugs.
The global antifungal drugs market is highly competitive owing to emergence of new entrants in the market and the presence of well established firms. Government reforms also play an elemental role in growing this market. The government employed various measures on its own including public private partnership (PPP) which have indeed helped pharma operators from anti-fungal drug category grow. The biggest problem that the current market needs to tackle is the growing resistance to Anti-fungal drugs
The key players in the market are Agilent Technologies, Inc. (U.S.), PerkinElmer (U.S.), Beckman Coulter, Inc. (a subsidiary of Danaher Corporation) (U.S.), Sigma-Aldrich Corporation (U.S.) and Tecan Group (Switzerland).
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Market analysis for the Global Anti-Fungal Drugs market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Anti-Fungal Drugs market
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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