Global Antifungals Market Overview And Prospects
Learn about the global antifungals market through The Business Research Company, which provides information on antifungals market size, antifungals market drivers and restraints, antifungals market players, the COVID-19 impact on the antifungals market, and more.
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The global antifungals market is expected to grow from $9.98 billion in 2020 to $10.29 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.71 billion in 2025 at a CAGR of 7.4%.
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The antifungals market consists of sales of antifungal drugs which are used to detect and eliminate fungal pathogens. The fungal pathogens thrive in the body under unhygienic and unclean environments. These drugs are also known as an antimycotic medication, used to treat and prevent mycosis such as athlete’s foot, ringworm, candidiasis (thrush), serious systemic infections such as cryptococcal meningitis, and others.
Global Antifungals Market Segments Include:
By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines
By End users: Hospitals & Clinics, Dermatology Clinics, Other Users
By Route of Administration: Oral, Parenteral, Topical
By Therapeutic Indications: Aspergillosis, Dermatophytosis, Candidiasis, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Drug developers and manufacturers are scaling up the various departments such as research and development, marketing, and manufacturing through collaborations and strategic partnerships with other companies and research institutes, to expand the product portfolios. So, companies in the anti-infective drugs market should consider strategic collaborations to broaden their scope and product portfolios to increase the revenues and stay competitive in the market.
TBRC’s antifungals market report covers:
Major Market Players: Pfizer, Novartis, Merck & Co., Bayer Healthcare and Abbott Laboratories.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Antifungals Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides antifungals market overviews, analyses and forecasts market size, share, antifungals market players, antifungals market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s antifungals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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