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Dermatophytic Onychomycosis Treatment Market to Garner US$ 7,851.4 Million By 2027 – Coherent Market Insights

August 25th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Dermatophytic onychomycosis is a dermatophytic invasion of the nail plate. This condition is mostly observed in adults above 60 years of age. Occlusive footwear, exposure to damp places such as locker rooms, and dissemination of various strains of fungus are major factors that could lead to dermatophytic onychomycosis. The global dermatophytic onychomycosis treatment market is estimated to account for US$ 7,851.4 Mn in terms of value by the end of 2027.

Global Dermatophytic Onychomycosis Treatment Market: Drivers

The global dermatophytic onychomycosis treatment market is expected to witness significant growth during the forecast period, owing to rising research and development of new therapies for the treatment of dermatophytic onychomycosis. For instance, Dong-A ST Co., Ltd. is assessing the antifungal efficacy and safety of Jublia topical solution for the treatment of mild or moderate onychomycosis due to dermatophyte. The study is expected to be competed in December 31, 2019.

Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/2053

Global Dermatophytic Onychomycosis Treatment Market: Opportunities

An effective novel alternative treatment for toenail onychomycosis is laser therapy, as it has minimal to no risk of side effects. This treatment is carried out by shining a laser light through the toenail into the tissue below. The fungus is vaporized by the laser light without causing any harm to the skin and surrounding healthy tissues. Therefore, major players in the market are focusing on developing laser therapy for the treatment of dermatophytic onychomycosis.

Global Dermatophytic Onychomycosis Treatment Market: Restraints

Factors such as medication-driven treatments for toenail fungus that results in liver toxicity is expected to restrain the global dermatophytic onychomycosis treatment market growth.

Key Takeaways:

Among treatment, topical segment in the global dermatophytic onychomycosis treatment market was valued at US$ 2,713.0 Mn in 2018 and is expected to reach US$ 6,086.0 Mn by 2027, at a CAGR of 9.5% during the forecast period. This is attributed to rising incidence of toenail onychomycosis and rising research and development of topical medications. Among end user, independent pharmacies segment held dominant position in the global dermatophytic onychomycosis treatment market in 2018, accounting for 50% share in terms of volume, followed by hospitals and clinics, respectively. This segment is expected to exhibit growth over the forecast period, owing to rising number of independent pharmacies in developed and emerging economies.

Market Trends

One of the major trends in the market include the use of extracts from medicinal plants for the treatment of dermatophytic onychomycosis. For instance, in October 2019, researchers from BabeÈ-Bolyai University Romania reported the antifungal and antioxidant activities of Alium sativum extract against Meyerozyma guilliermondii Kurtzman and M. Suzuki and Rhodotorula mucilaginosa F.C. Harrison, isolated for the first time from a toenail onychomycosis case. Another market trend is the use of a pulse therapy regimen using terbinafine 500 mg for the treatment of dermatophytic onychomycosis.

Browse Press Release: https://bit.ly/3aUD2nX

Global Dermatophytic Onychomycosis Treatment Market: Competitive Landscape

Key players operating in the global dermatophytic onychomycosis treatment market include Valeant Pharmaceuticals International Inc., Galderma S.A., Novartis AG, Pfizer Inc., Moberg Pharma AB, Janssen Global Services, LLC (Johnson & Johnson Services, Inc.), Anacor Pharmaceuticals, Inc., NovaQuest Capital Management, L.L.C., and Novan, Inc.

Global Dermatophytic Onychomycosis Treatment Market: Key Developments           

Major players in the market are focused on adopting inorganic growth strategies such as partnership and collaboration, in order to expand their product portfolio. For instance, in June 2019, Mycovia Pharmaceuticals, Inc. partnered with Jiangsu Hengrui Medicine Co., Ltd. for the development and commercialization of Mycovia’s investigational drug, VT-1161 (otesaconazole), in China, for the treatment or prevention of several fungal infections such as onychomycosis. Moreover, key players are focusing on raising funds to expand their product portfolio. For instance, in April 2019, Novan, Inc. secured around US$ 35 million in non-dilutive capital to advance its late-stage dermatology assets.

Segmentation:

  • Dermatophytic Onychomycosis Treatment Market, By Product Type:
    • Tablets
      • Rx
      • OTC
    • Mail Paints
      • Rx
      • OTC
  • Dermatophytic Onychomycosis Treatment Market, By Treatment:
    • Oral
    • Topical
  • Dermatophytic Onychomycosis Treatment Market, By End User:
    • Hospitals
    • Clinics
    • Independent Pharmacies
    • Mail Order Pharmacies
    • Drug Stores

Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now this Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/2053

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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