Onychomycosis Market 2019 Research Report implements an exhaustive study on Market Research Future. This Report Cover Key Market Driver, market size, growth rate, opportunities, market Dynamics and Overall Analysis. And also cover the other information such as Onychomycosis Market trends, Prominent players, chapter-wise Description followed by various user perceptions and Forecast till 2023.
Onychomycosis Market Highlights
The rise in the level of fungal infections is boosting the number of onychomycosis cases. The growing rates are a significantly boosting the market size. Focused market reports associated with the healthcare industry amongst others lately have been made obtainable by Market Research Future which issues reports on this industry. The market is projected to progress with a CAGR of 7.9 percent in the duration of the forecast period.
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The cases diagnosed with onychomycosis are escalating due to the risk being higher in diabetic, people with low immunity and aged people. Improved awareness about the disease and its symptoms is boosting the market’s growth in the forecast period. Better medical expertise related to the treatment methods is growing the market share in recent times. Increasing level of investment in the market is transforming the products for the treatment of the condition as well as the medical facilities that treat the condition.
Global Competitive Analysis
The prominent trends and players have led to a positive tone for development. The important trends and players have established a positive tone for development. The stimulus for the market’s growth has changed the competitive backdrop of the market. By making certain supply and demand are in balance, the competitors can reveal new opportunities for growth. The prospects for growth and innovation have amplified at a rapid pace transforming the market. The competitors in the market have been encouraged to plan strategic road-maps that capitalize on the positive market cues. Engaging and converting prospective opportunities is modifying the growth pace of the market considerably.
GlaxoSmithKline Plc. (UK), Pfizer Inc. (US), Janssen Biotech (US), Sciton Inc (US), Bristol Meyer Squibb company (US), Cutera Inc. (US), Abbott Laboratories Ltd. (US), Merz Pharma gmbh & co. kgaa (Germany), NanoBio Corporation (US), Viamet Pharmaceuticals Inc. (US), Novartis AG (Switzerland), Taro Pharmaceutical Industries Ltd. (US), Polichem SA (Switzerland)Valeant Pharmaceuticals (Canada), Galderma (Switzerland), Sanofi Ltd. (France), Topica Pharmaceuticals Inc. (US), Seren Pharmaceuticals Pvt. Ltd (China), Nuvo Research Inc. (Canada) and NovaBiotics Ltd (UK) are among the prominent players in the market.
Industry Updates:
Jan 2018 Viamet Pharmaceuticals recently stated that it has entered into an agreement with NovaQuest Capital Management, L.L.C. for the purchase of Viamet Pharmaceuticals, together with the company’s product candidate, VT-1161, which fruitfully finished Phase 2b clinical trials for the treatment of persistent vulvovaginal candidiasis (RVVC) and onychomycosis, or fungal nail infection. Upon finalizing the acquisition, Viamet Pharmaceuticals will be a portfolio company of NovaQuest Capital, which will stress on further expansion of VT-1161 and linked assets. The commitment of the partners to the areas of dermatology and women’s health were major decisive factors to the decision for purchase.
Industry Segments
The onychomycosis market globally is segmented into the segments of type, treatment, end user, and region. The basis of treatment segments the market into debridement, tropical therapy, drug treatment and others. The segmentation carried out on type consists of white superficial onychomycosis, distal subungual onychomycosis, candida onychomycosis, proximal subungual onychomycosis, and others. The end user in the market is segmented into private pharmacies, hospital, pharmacies, and others. The regions that are included in the market comprise of APAC, Europe, Middle East, Africa, North America and rest of the world.
Detailed Regional Analysis
The region wise analysis of the onychomycosis observes that globally the Americas region controls the onychomycosis market. Growing frequency of onychomycosis infection and increasing awareness among the people is the chief driving reason for the market in the North American region. The European region holds the second position due to the incidence of a big geriatric population. The Asia Pacific region is projected to observe rapid development for the market in the forecast period owing to swift development in the healthcare sector and existence of a large geriatric and diabetic population. While owing to limited development in the medical facilities in the Middle East & Africa the region is likely to witness limited growth.
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