Fungal Infections Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Until recently, the occurrence of serious fungal infections had been fairly uncommon. However, with a rapid increase in systemic infections, the global market for fungal infections is slated for tremendous progress over the next few years. One of the primary reasons for the increased incidence of fungal infections is the high acceptance of broad-spectrum antibiotic drugs that decrease or eliminate the nonpathogenic bacteria which compete with fungi. The reduced immune responses of an increasing number of individuals who are affected by cancer chemotherapy agents or acquired immunodeficiency syndrome have also been responsible for the growth of the market for fungal infections.
Elderly people, pregnant women, burn wound victims, and diabetics are more vulnerable to fungal infections. As the worldwide geriatric population has been expanding, the demand for fungal infection treatments is likely to augment. Treatments for fungal infections can either be systemic or topical. Over the next decade, the rising number of product launches will open up new windows of opportunities for the further advancement of the global fungal infections market. The growing number of approvals received by new antifungal products and treatments by regulatory agencies such as the Food and Drug Administration (FDA) is fueling the market as well.
By region, the global fungal infections market can be segmented into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. North America is expected to hold the largest share in the global fungal infection market in the forthcoming period. The growing infrastructural facilities and expanding spending capacities of people in the emerging markets of Latin America, Asia Pacific, and Africa will propel the demand for fungal infection products and treatments in these regions.
Fungi, which includes yeasts, molds, and mildews are some of the common parasites that infect different parts of the human body. Lungs, genitals, skin, digestive tract, liver, and other tissues are commonly affected by fungal infections.
There are some rare types of fungal infections such as fungal keratitis, mucormycosis, and hisptoplasmosis for which treatment is not available. This has led many fungal infections market players to conduct research activities for the development of drugs for the treatment of these fungal infections. For instance, IASO Pharma Inc. has developed a drug PB-200a for the treatment of aspergillos infection.
The global fungal infections market is segmented based on the basis of fungal infections, namely Aspergillos, Candidiasis, C.neoformans cryptoccosis, Dermatophytes, Histoplasmosis, Sporotrichosis, Blastomycosis, Coccidiomycosis, C.gatti cryptococcosis, Fungal Keratitis, Mucormycosis, and Sporotrichosis.
Pneumocystis pneumonia is the most severe and commonly occurring fungal infection caused by the fungus Pneumocystis jirovecii. It is mostly prevalent in individuals with weakened immune systems such as those suffering from AIDS. Dermatophytes and Candidiasis are other two types of commonly occurring fungal infections. Candidiasis mostly affects soft moist area or skin around the nails in the human body. For instance, vaginal yeast infection in women and diaper rash in babies occur due to candidiasis.
Dermatophytes cause hair, skin, and hair infections. These infections are also known as ringworm or tinea. Some other fungal infections are not common all over the world but are prevalent in specific regions such as blastomycosis in U.S. and Canada and coccidomycosis in Mexico, southwest U.S., and Central and South America.
The fungal infections market is divided on the basis of diagnosis into laboratory test, biopsy, and medical imaging. Laboratory testing comprises microscopic examination and blood tests of fungal culture. Fungal culture is the most is one of the most common diagnostic techniques used for detecting fungal infections, while blood test is commonly used to diagnose blastomycosis and coccidomycosis infections.
Medical imaging, which includes CT scans and X-rays is usually performed to detect pnueumocystis pneumonia. Biopsy involves extracting a small part of the infected tissue and is examined under the microscope for the presence of specific fungus. Biopsy is usually performed for the diagnosis of aspergillos, pneumocytosis pneumonia, and sporotrichosis.
On the basis of treatment, the global fungal infections market is divided into antifungal creams and shampoos, antifungal injections, and antifungal oral medicines. Antifungal creams are mainly used for the treatment of fungal infection of the skin and vagina. Some of the commonly used antifungal creams are econazole, ketoconazole, terbinafine, nystatin, amorolfine, clotrimazole, miconazole, tioconazole, and griseofulvin. In case of few fungal infections, which leads to secondary condition such as rashes, antifungal creams are mixed with steroid hydrocortisone for treatment. Antifungal shampoos containing ketoconazole are utilized for treating scalp fungal infection such as dermatophytes.
Some of the oral medications used for fungal infections are micanazole, terbinafine, Itraconazole, posaconazole, nystatin, fluconazole, griseofulvin, and voriconazole. Antifungal injections are mostly used for treating severe cases of fungal infection.
The report outlines the vendor landscape of the global fungal infections market, which includes a detailed competitive profile of leading companies in this market. Some of the leading companies are Eli Lily and Company, Samyang Corporation, Eisai Co. Ltd., AstraZeneca PLC, and Helix Biomedic Inc.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
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Latest Trends and Cardinal Growth Prospects
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Existing and Future Insights in Growth
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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.
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.
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