Research Nester published a report titled “Ergosterol Synthesis Inhibitor Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global ergosterol synthesis inhibitors market in terms of market segmentation by drug type, route of administration, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global ergosterol synthesis inhibitors market is anticipated to garner a notable CAGR over the forecast period, i.e., 2021-2030. The market is segmented on the basis of route of administration into topical, oral, and others. Out of these, the topical segment is estimated to gain the largest share during the forecast period owing to the easy availability, efficiency, and ease of application in the form of powder or ointment. On the basis of end-user, the market is segmented into pharmacy, hospitals, and others, out of which the pharmacy segment is projected to witness notable growth as people prefer treating infection using over-the-counter medications. Moreover, over-the-counter drugs are cheaper, with little to no side effects, which is estimated to boost the growth of the segment.
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The global ergosterol synthesis inhibitors market is estimated to grow on the back of increasing prevalence of fungal diseases, such as, jock itch, ringworm, tinea infections, yeast infection, and dandruff, backed by the lack of sanitization in various under developed and developing countries. According to a report by the World Health Organization, only 45% of the total global population had access to proper sanitation facilities, in 2017. 2 billion people are unable to access these basic facilities, and 673 million people use open areas like open sewage lines, bushes, and water bodies for defecation. Moreover, the market is also anticipated to grow on the back of fast action of inhibitors on fungal infection, as these inhibitors cease the biosynthesis of ergosterol compound, which kills the fungi.
Regionally, the global ergosterol synthesis inhibitors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is projected to attain the largest share over the forecast period, owing to the high incidence of fungal infections backed by lack of sanitation in underdeveloped regions, along with hot and humid climate in countries, including, India, Indonesia, and Thailand. In India, 5-10 out of every 1,000 individuals suffered from some fungal infection, in 2019. This rate was even higher for Thailand with 12-15 out of 1000 people suffering from some kind of fungal disease. Similarly, the market in Latin America region is also expected to grow notably over the forecast period, owing to the lack of sanitation and poor cleanliness in the region.
Rising Prevalence of Fungal Infections Likely to boost the Market Growth
Fungal Diseases are most common in damp areas, such as toes, thighs, scalp, fingernails, and private parts, among others. Fungus grows in hot and humid climate, which is why, tropical and sub-tropical regions are worse affected by it. Additionally, lack of proper hygiene is also responsible for fungal infections. Ergosterol synthesis inhibitors are one of the most effective ways to treat the growth of fungus or protozoa, as they hamper the chemical processes essential for the survival of fungus by restricting the biosynthesis of ergosterol. The application of ergosterol synthesis inhibitors treats the infection quickly, and successfully, which is estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, risk of side effects and toxicity is expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global ergosterol synthesis inhibitors market which includes company profiling of SCYNEXIS, Inc., Pfizer Inc., Novartis AG, Kramer Laboratories, Inc., Abbott Laboratories, Bayer AG, GlaxoSmithKline plc., Glenmark Pharmaceuticals Limited, Merck & Co., Inc. and Astellas Pharma Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ergosterol synthesis inhibitors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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