Dermatophytic Onychomycosis Treatment Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2029
Overview
Dermatophytic Onychomycosis Treatment Market was valued at US$ 4.29 Bn in 2022 and is expected to reach US$ 10.34 Bn by 2029 at a CAGR of 13.38%.
Dermatophytic Onychomycosis Treatment Market Dynamics
The Dermatophytic onychomycosis also called as tinea unguium, is a fungal disease of toenails or fingernails that causes ring infection over nails. Trichophyton mentagrophytes and Trichophyton rubrum are mutual strains of fungi responsible for causing dermatophytic onychomycosis.
Major factors influencing the dermatophytic onychomycosis treatment market growth are consistently increasing the prevalence of onychomycosis infections worldwide along with the development of novel medications available commercially for the treatment of onychomycosis infections. Moreover, consistent rise in a geriatric population who are highly susceptible to acquiring the infections along with a rising in treatment rate due to increasing socialization of the individuals are some of the features that would further drive the dermatophytic onychomycosis infections therapeutics market.
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Dermatophytic Onychomycosis Treatment Segment Analysis
The nail paint segment based on production is expected to contribute a larger share to the dermatophytic onychomycosis therapeutics market globally. Nail fungus can be very persistent. Topical treatment with nail polish could take up to one year. Tablets for treating fungal nail infections generally have to be taken for several weeks or months. They are very effective than topical treatments, but they have more side effects.
Drug stores are dominating the global dermatophytic onychomycosis treatment market. The drug stores segment is expected to register the highest CAGR during the forecast period. Independent pharmacies are anticipated to be the second most attractive segment of the global dermatophytic onychomycosis therapeutics market by 2022 end.
New and developing approaches to treat dermatophytic onychomycosis are device-based laser and photodynamic therapy. Many companies have targeted this approach to provide an effective cure for dermatophytic onychomycosis. In 2017, the FDA approved Erchonia’s Lunula laser device, which provides low-level laser therapy to treat nail onychomycosis treatment.
Regional insights
Region-wise, North America is projected to hold a dominant position in the dermatophytic onychomycosis treatment market globally, followed by Europe, due to the high prevalence of dermatophytic onychomycosis and the increasing geriatric population in the U.S. According to the Centre for Disease Control and Prevention in 2022, nail fungus or dermatophytic onychomycosis affects around 26 million people in the U.S. each year.
Global dermatophytic onychomycosis treatment market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.
Key players are launching innovative products in the dermatophytic onychomycosis treatment market globally, in order to expand their market footprint, addressing the limitations of current therapeutics to give dermatophytic onychomycosis. In 2014, Valeant Pharmaceuticals was granted with Food and Drug Administration (FDA) agreement for its topical product for dermatophytic onychomycosis named Efinaconazole.
Dermatophytic Onychomycosis Treatment Marke, Key Highlights:
Global Dermatophytic Onychomycosis Treatment Marke analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Dermatophytic Onychomycosis Treatment Market
Global Dermatophytic Onychomycosis Treatment Marke segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
The Global Dermatophytic Onychomycosis Treatment Marke strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Dermatophytic Onychomycosis Treatment Marke analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Dermatophytic Onychomycosis Treatment Marke are also profiled.
Dermatophytic Onychomycosis Treatment Market Scope: Inquire before buying
| Dermatophytic Onychomycosis Treatment Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 4.29 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 13.38% | Market Size in 2029: | US $ 10.34 Bn. |
| Segments Covered: | by Product | Nail Paint Tablet Prescription Tablets |
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| by Route of administration | Topical Oral Therapy |
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| by End-User | Hospitals Dermatology & Podiatry Clinics Independent Pharmacies Mail Order Pharmacies Drug Stores |
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by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Dermatophytic Onychomycosis Treatment Market, Key Players
1. Bausch Health Companies
2. Galderma S.A.
3. Celtic Pharma
4. Anacor pharmaceuticals, Inc.
5. Johnson & Johnson
6. Novartis AG
7. Pfizer Inc.
8. GlaxoSmithKline
9. Topica Pharmaceuticals, Inc.
10.Moberg Pharma AB
11.Bayer AG
12.Dr. Reddy’s Laboratories Ltd
13.Allergen, Inc.
14.Cipla Ltd
15.Medimetriks Pharmaceuticals Inc.
16.Sanofi S.A.
17.NovaBiotics Inc.
18.Merz Pharma.
Frequently Asked Questions:
1. Which region has the largest share in Dermatophytic Onychomycosis Treatment Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Dermatophytic Onychomycosis Treatment Market?
Ans: The global market is growing at a CAGR of 13.38% during forecasting period 2023-2029.
3. What is scope of the Global Dermatophytic Onychomycosis Treatment market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Dermatophytic Onychomycosis Treatment market?
Ans: The important key players in the global market are – Bausch Health Companies, Galderma S.A., Celtic Pharma, Anacor pharmaceuticals, Inc., Johnson & Johnson, Novartis AG, Pfizer Inc., GlaxoSmithKline, Topica Pharmaceuticals, Inc., Moberg Pharma AB, Bayer AG, Dr. Reddy’s Laboratories Ltd, Allergen, Inc., Cipla Ltd, Medimetriks Pharmaceuticals Inc., Sanofi S.A., NovaBiotics Inc., and Merz Pharma.
5. What is the study period of this market?
Ans: The Global Dermatophytic Onychomycosis Treatment Market is studied from 2022 to 2029.