Antifungal Drugs Market Is Getting Traction Due To Increasing Incidences Of Fungal Infections
The
global antifungal drugs market was valued at USD 10.7
billion in 2015 and is expected to reach a value of USD 12.6 billion by 2025.
The increasing incidence of fungal infections worldwide is the key contributing
factor for the growth of the antifungal drugs market in the coming years.
Rising adoption of immunosuppressive andantineoplastic agents, prosthetic
devices and grafts, and broad-spectrum antibiotics have resulted in the
increasing incidence of fungal infections in the recent years.
Global Antifungal Drugs Market Revenue, By Drug Class, 2014 - 2025 (USD Million) |
The
growing geriatric population prone to infectious diseases and higher prevalence
of chronic conditions, including HIV and cancer, are further contributing
toward the rising demand for antifungals to treat opportunistic fungal
infections over the forecast period. The large demand for these fungistatic
agents is due to the nature of fungal infections, which are difficult to
diagnose, yielding high mortality and morbidity rates.
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Further
Key Findings From the Study Suggest:
- Echinocandins segment is anticipated to exhibit
lucrative growth owing to their cell wall-specific fungicidal property
coupled with their broad-spectrum activity against Aspergillus and Candida species
without cross-resistance risks
- Candidiasis indication segment is anticipated
to witness the fastest CAGR over the forecast period due to the increasing
drug resistance of the Candida speciesto Azoles
- North America held the largest market share as
of 2015, which is attributable to higher awareness levels pertaining to
the treatment of fungal infection and presence of target diseases in the
population
- Asia pacific is predicted to exhibit the
fastest growth due to improving healthcare facilities coupled with rising
government initiatives to create awareness of infectious diseases amongst
the population
- The companies are focusing on the development
of effective therapeutic agents for the treatment of systemic fungal
infections in immune-compromised patients
- Numerous ongoing public-private partnership
agreements in the pharmaceutical industry for the development of novel
therapeutics is predicted to provide this market with lucrative growth
opportunities
- For example, the public-private partnership,
namely Combating Antibiotic Resistant Bacteria Biopharmaceutical
Accelerator is anticipated to provide USD 44 million in 2016 and around
USD 350 million in the coming 5 years to boost the R&D pipeline
- The partners involved in this partnership are
the U.S. Department of Health and Human Services, the Antimicrobial
Resistance Centrein England, and Boston University School of Law
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Grand View Research has segmented the antifungal drugs market by drug
class, indication, and region:
Global
Antifungal Drugs Class Outlook (Revenue, USD Million, 2014 - 2025)
- Azoles
- Echinocandins
- Polyenes
- Allylamines
- Others
Global
Antifungal Drugs Indication Outlook (Revenue, USD Million, 2014 - 2025)
- Dermatophytosis
- Aspergillosis
- Candidiasis
- Others
Antifungal
Drugs Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- The
Middle East and Africa
- South
Africa
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Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-antifungal-drugs-market
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View Research:
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View Research, Inc. is a U.S. based market research and consulting company,
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The company provides syndicated research reports, customized research
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