According to the report “Global Antifungal Drugs Market,” published by Market Data Forecast, the global market is projected to reach USD 14.56 billion by 2021, at a CAGR of 3.68% from 2016 to 2021.
Antifungal drugs are used to cure fungal infections, which occur due to, unclean, unhygienic and damp environment. Fungal infections are caused by microscopic organisms invading epithelial tissue. Systemic fungal infections are usually caused by the indigestion or inhalation of fungus spores and cause fungal pneumonia and opportunistic fungus causes diseases such as candidaisis, meningitis, mucormycosis and some others.
Though most of the fungal infections and diseases are non-lethal, they are very uncomfortable to live with and their common occurrence is responsible for the emerging antifungal drugs market. Antifungal drugs work using various mechanisms such as by inhibiting cell wall formation, cell membrane disruption and cell division.
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Global Antifungal Drugs Market: Drivers & Restraints
The major factors driving the market are increasing awareness of fungal infections with the growing incidence of antifungal infections all over the world, increasing government and corporate funding in the industry. Further, the development of public private partnership in the pharmaceutical industry and the rising popularity of over-the-counter antifungal drugs for dermal infections is responsible for the growing antifungal drugs market size. Also, the rise in population with weak immune system due to cancer chemotherapy or acquired immunodeficiency syndrome, in whom the occurrence of fungal infections is much more than average, will drive the market. High penetration of conventional drugs used for the treatment of fungal infections is restraining the market growth. The key challenges faced by the market are cost of drugs and their effectiveness in treatments.
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Global Antifungal Drugs Market: Segmentation
By Drug Type
By Therapeutic Indications
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Global Antifungal Drugs Market: Overview
The market is expected to grow enormously in the next few years, with the growing global population. Azoles antifungal drug market is the largest segment of the market followed by echinocandins antifungal drug market.
Global Antifungal Drugs Market: Region-wise Outlook
On the basis of geography, the global market is analysed under regions namely North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America and Europe together contribute to major share of the global antifungal drugs market, while the market in Asia-Pacific is the fastest growing followed by Latin America.
.Key Questions Answered
- What is the current and future Antifungal Drugs Market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Antifungal Drugs space globally?
- What are the key, high growth markets that Antifungal Drugs manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Antifungal Drugs currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Antifungal Drugs?
- What are the challenges and barriers that have hindered widespread adoption of Antifungal Drugs?
Global Antifungal Drugs Market: Key Players
Some of the major companies dominating the market, include Alternaria, Pfizer, Novartis, Sanofi-Aventis, Merck & Co., Asperqillus, Kramer Laboratories, Bayer Healthcare, Enzon Pharmaceuticals, Glaxosmithkline Gilead and Abbott Laboratories.[CI1]
Reasons to buy Global Antifungal Drugs Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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