Dermatophytosis Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Dermatophytosis Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2020 | Healthcare IT | PPT format

Report Digest


Global Dermatophytosis Treatment Market: Snapshot

Dermatophytosis is an infectious disease caused by fungi known as dermatophytes. This fungus belong to a family of organisms that can break down the keratin in epidermis, nails, horns and hooves, epidermis, and nails. Mostly thriving in soil and involved in soil decomposition, these fungi can infect living hosts as well.

Dermatophytosis treatment has unique features. Firstly, the disease is present only on the skin’s keratin and it feeds on keratin for nutrition. However, the presence of the fungus on the skin and its metabolic products causes an allergic reaction in the host. It can affect a host of body parts. This includes the scalp, groin, feet, bearded skin of the face, and the nails. The symptom of Dermatophytosis vary from mild inflammations to severe vesicular reactions.

Dermatophytosis develops either through direct contact with infected wounds or indirectly through infected towels, shoes, or shower stalls. The combination of slight hot weather and tight clothing is conducive for the fungus to thrive.

Topical antifungal creams such as clotrimazole, miconazole, and terbinafine are effective for treating simple forms of Dermatophytosis that is located in parts other than the scalp. The treatment involves cleansing the affected region and rubbing cream on the skin thoroughly.

If the nature of the disease is serious it requires a prescribed line of treatment. This includes prescription drugs along with home care to prevent the infection from spreading. Home care includes avoiding clothing that discomforts the infected area, clean and dry the skin regularly, and wash beddings and clothes daily until the infection is completely clear.

Global Dermatophytosis Treatment Market: Overview 

Dermatophytosis is a fungal infection of the skin caused by a fungi that feeds on keratin, a material found in the outer layer of the skin, nails, and hair. Dermatophytosis is commonly referred to as ringworm and affects both humans and animals. 

Common symptoms of dermatophytosis include itching, redness, and dryness of the infected area, separation of the nail from the nail bed, scaling, nail dystrophy, broken hair, hair loss, rashes, and nail discoloration. People with weak immune systems and those who play contact sports are at a higher risk of dermatophytosis. The skin condition is known to worsen during the summer with increased symptoms during the winters. 

Global Dermatophytosis Treatment Market: Segmentation 

On the basis of diagnosis, the global dermatophytosis treatment market is classified into woods test, microscopic test, culture test, and others. By way of drugs used, the market is segmented into Imidazole, Econazole, Clotrimazole, Miconazole, Ketoconazole, Terbinafine, Clotrimazole, Corticosteroid, Terbinafine, Itraconazole, Griseofulvin, and others. Geographically, the dermatophytosis treatment market is segmented as North America, Europe, Asia Pacific, and the Rest of the World (RoW). 

Dermatophytosis Treatment Market: Drivers and Restraints 

One of the key factors driving the need for dermatophytosis treatment is an increasing population of people with weak immune systems. The immune system weakens with age and a globally rising geriatric population contributing to the high prevalence of dermatophytosis. Apart from this, rising sedentary lifestyle and increasing incidence of hospital-acquired diseases have resulted in a higher rate of dermatophytosis. This has driven the demand for dermatophytosis treatment. 

On the other hand, the lack of awareness about dermatophytosis and related diseases, and its treatment options limits the growth prospects of this market. In addition, reluctance on the part of patients in receiving dermatophytosis treatment is restraining the growth of the market globally. 

Global Dermatophytosis Treatment Market: Geographical Assessment 

From a geographical standpoint, North America presently dominates the global dermatophytosis treatment market, with Europe coming in second. Favorable reimbursement coverage, the availability of immensely developed healthcare infrastructure, a high rate of awareness regarding dermatophytosis, greater healthcare spending, the availability of advanced healthcare facilities, and increased awareness about the benefits of early diagnosis and treatment of dermatophytosis are some of the major factors driving the North America and Europe markets for dermatophytosis treatment. 

Asia Pacific possesses high growth potential in the global dermatophytosis treatment market and is likely to witness strong progress in the near future. A rapidly rising literacy rate, improving healthcare infrastructure, a rise in government support to improve healthcare facilities, and growing healthcare spending are some of the key drivers in the Asia Pacific region. The dermatophytosis treatment market in India and China is expected to grow swiftly owing to rapidly developing medical tourism in these countries. Japan is also expected to contribute to the expansion of the dermatophytosis treatment market in Asia with increased focus of the government to offer improved and advanced healthcare facilities to its citizens. 

Brazil, Mexico, and Argentina are some of the key countries in the Rest of the World (RoW) segment expected to demonstrate promising growth in the dermatophytosis treatment market. 

Global Dermatophytosis Treatment Market: Key Contributors 

There are a number of players operating in the global dermatophytosis treatment market. These include Novartis AG, Quinnova Pharmaceuticals, Inc., Sun Pharmaceutical Industries Limited, Tinea Pharmaceuticals, NB Therapeutics, Inc., AmDerma Pharmaceuticals, LLC, Valeant Pharmaceuticals International, Inc., Merz Pharma GmbH & Co. KgaA, Perrigo Company plc. In addition to these, there are several research institutes and universities collaborating with drug manufacturing companies for conducting clinical trials to develop effective dermatophytosis treatment methods. Some of the key contributors are the University of Minnesota, Karolinska Institute, Katholieke Universiteit Leuven, Eastern Virginia Medical School, Kurdistan University of Medical Sciences, the Department of Health, South Africa, Jamaica Hospital Medical Center, the University of Alabama at Birmingham, The Children’s Mercy Hospital, and Oita University. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?