Antifungal Drugs Market estimated to be growing at a CAGR of 3.68% by 2023
Antifungal Drugs Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast (2018– 2023)
(EMAILWIRE.COM, December 11, 2018 ) Market Overview:
In the year 2018 Antifungal Drugs Market was valued at $13.06 billion. By the year 2023, it is predicted to reach $15.65 billion with the pace of 3.68% CAGR. An antifungal medication, also known as an antimycotic medication, is a pharmaceutical fungicide or fungistatic used to treat and prevent mycosis such as athlete's foot, ringworm, candidiasis (thrush), serious systemic infections such as cryptococcal meningitis, and others. Such drugs are usually obtained by a doctor's prescription, but a few are available OTC (over-the-counter).
The antifungal drugs market is classified based on drug type into Echinocandins, Azoles, Polyenes, Allylamines and Other Drugs. Azoles antifungal drug market is the largest division of the market followed by echinocandins antifungal drug market.
Market Segmentation
The global antifungal drugs market is geographically segmented into
1. North America,
2. Europe
3. Asia-Pacific
4. Latin America and Middle East & Africa. North
The 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. Middle East & Africa Antifungal Drugs Market is expected to reach the growth rate of CAGR of 3.462% by 2023.
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Factors affecting market growth:
Antifungal Drugs market is majorly affected by the following factors
1. The increasing awareness of fungal infections with the growing incidence of antifungal infections all over the world (+)
2. The increase in government and corporate funding in the industry. (+)
3. 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. (+)
4. 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. (+)
5. High penetration of conventional drugs used for the treatment of fungal infections. (-)
6. Cost of drugs and their effectiveness in treatments. (-)
Browse full table of contents @ https://www.marketdataforecast.com/market-reports/anti-fungal-drugs-market-242/
Key players:
The Most important industries contributing to the global market are Alternaria, Pfizer, Novartis, Sanofi-Aventis, Merck & Co., Asperqillus, Kramer Laboratories, Bayer Healthcare, Enzon Pharmaceuticals, Glaxosmithkline Gilead and Abbott Laboratories.
The scope of the report:
1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. 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
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Get your customized report @ https://www.marketdataforecast.com/market-reports/anti-fungal-drugs-market-242/customize-report
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
In the year 2018 Antifungal Drugs Market was valued at $13.06 billion. By the year 2023, it is predicted to reach $15.65 billion with the pace of 3.68% CAGR. An antifungal medication, also known as an antimycotic medication, is a pharmaceutical fungicide or fungistatic used to treat and prevent mycosis such as athlete's foot, ringworm, candidiasis (thrush), serious systemic infections such as cryptococcal meningitis, and others. Such drugs are usually obtained by a doctor's prescription, but a few are available OTC (over-the-counter).
The antifungal drugs market is classified based on drug type into Echinocandins, Azoles, Polyenes, Allylamines and Other Drugs. Azoles antifungal drug market is the largest division of the market followed by echinocandins antifungal drug market.
Market Segmentation
The global antifungal drugs market is geographically segmented into
1. North America,
2. Europe
3. Asia-Pacific
4. Latin America and Middle East & Africa. North
The 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. Middle East & Africa Antifungal Drugs Market is expected to reach the growth rate of CAGR of 3.462% by 2023.
Request report sample @ https://www.marketdataforecast.com/market-reports/anti-fungal-drugs-market-242/request-sample
Factors affecting market growth:
Antifungal Drugs market is majorly affected by the following factors
1. The increasing awareness of fungal infections with the growing incidence of antifungal infections all over the world (+)
2. The increase in government and corporate funding in the industry. (+)
3. 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. (+)
4. 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. (+)
5. High penetration of conventional drugs used for the treatment of fungal infections. (-)
6. Cost of drugs and their effectiveness in treatments. (-)
Browse full table of contents @ https://www.marketdataforecast.com/market-reports/anti-fungal-drugs-market-242/
Key players:
The Most important industries contributing to the global market are Alternaria, Pfizer, Novartis, Sanofi-Aventis, Merck & Co., Asperqillus, Kramer Laboratories, Bayer Healthcare, Enzon Pharmaceuticals, Glaxosmithkline Gilead and Abbott Laboratories.
The scope of the report:
1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. 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
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Get your customized report @ https://www.marketdataforecast.com/market-reports/anti-fungal-drugs-market-242/customize-report
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results