Dermatophytic onychomycosis treatment market

Dermatophytic Onychomycosis Treatment Market, By Product Type (Tablets(Rx, OTC)Mail Paints(Rx, OTC)), By Treatment (Oral, Topical), By End User (Hospitals, Clinics, Independent Pharmacies, Mail Order Pharmacies, Drug Stores), and by Regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

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Dec 2019
CMI2053
210 Pages
Excel & Pdf
Pharmaceutical

Summary

Dermatophytic Onychomycosis Treatment Market – Insights

Dermatophytic Onychomycosis, also known as tinea unguium, is a fungal nail infection caused by dermatophytes. Dermatophytes are fungi that require keratin for growth. Dermatophytic Onychomycosis is the most common nail infection and it affects toenails and fingernails.

The global dermatophytic onychomycosis treatment market is estimated to account for US$ 7,851.4 Mn in terms of value by the end of 2027.

Global Dermatophytic Onychomycosis Treatment Market: Drivers

Increasing prevalence of dermatophytic onychomycosis is a major factor boosting growth of the global dermatophytic onychomycosis treatment market over the forecast period. For instance, the study, ‘Dermatophytosis: Prevalence of Dermatophytes and Non-Dermatophyte Fungi from Patients Attending Arsho Advanced Medical Laboratory, Addis Ababa, Ethiopia’ published in the journal Dermatology Research and Practice in October 2018, demonstrated that the prevalence of dermatophytosis was 66.98% in Ethiopia.

Moreover, increasing prevalence of psoriasis is also expected to boost the market growth. For instance, the study, ‘The prevalence and etiological factors of onychomycosis in psoriatic patients’, published in the journal Advances in Dermatology and Allergology in April 2018, demonstrated a relatively high prevalence of onychomycosis in patients with psoriasis.

North America region held dominant position in the global dermatophytic onychomycosis treatment market in 2018, accounting for 45.8% share in terms of value followed by 2027.

Figure 1. Global Dermatophytic Onychomycosis Treatment Market Value (US$ Mn), by Region, 2018

Global Dermatophytic Onychomycosis Treatment Market: Restraints

Antifungal drugs used in the treatment of dermatophytic onychomycosis have certain side effects such as headache, dizziness, nausea, and stomach ache. Moreover, the topical agents also cause rash and itchiness in the surrounding skin. These side effects are expected to hamper growth of the global dermatophytic onychomycosis treatment market.

Moreover, availability of alternative treatment options such as Vicks Vapour Listerine and tea tree oil for the treatment of nail infections is also expected to hinder the market growth.

Global Dermatophytic Onychomycosis Treatment Market: Opportunities

The identification of the infectious agent in onychomycosis, at least at the genus level, plays major role in the treatment prescription for dermatophytic onychomycosis. Key players in the market can focus on development of dermatophyte strip tests for rapid detection and diagnosis of the disease.

Increasing geriatric population is also expected to offer lucrative growth opportunities for players in the global dermatophytic onychomycosis treatment market. Toenail onychomycosis is common in people aged 60 and above. According to the World Health Organization, the proportion of the world's population over 60 years was 12% in 2015 and is expected to reach 22% in 2050.

Nail Paints segment in the global dermatophytic onychomycosis treatment market was valued at US$ 2,713.0 Mn in 2018 and is expected to reach US$ 6,086.0 Mn by 2027 at a CAGR of 9.5% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing M&A activities. For instance, in January 2018, Viamet Pharmaceuticals entered into an agreement with NovaQuest Capital Management, L.L.C. for the acquisition of Viamet Pharmaceuticals.

Key players in the market are focused on conducting clinical trials in order to expand their product portfolio. For instance, in January 2018, Novan announced to present the Phase II efficacy and safety data for SB208, a topical, silicone-based gel under development for the treatment of fungal infections of the skin and nails at the Winter Clinical Dermatology Conference.

Global Dermatophytic Onychomycosis Treatment Market: Competitive Landscape

Major players operating in the global dermatophytic onychomycosis treatment market include, Valeant Pharmaceuticals International Inc., Galderma S.A., Novartis AG, Pfizer Inc., Moberg Pharma AB, Janssen Global Services, LLC (Johnson & Johnson Services, Inc.), Anacor Pharmaceuticals, Inc., NovaQuest Capital Management, L.L.C., and Novan, Inc.

Global Dermatophytic Onychomycosis Treatment Market: Key Developments

Key players in the market are focused on conducting clinical trials in order to expand their product portfolio. For instance, in December 2019, Moberg Pharma AB announced that MOB-015 (topical terbinafine) met both primary and key secondary endpoints of the clinical Phase 3 study that assessed the efficacy and safety of MOB-015 in patients with mild to moderate distal subungual onychomycosis.

Key players in the market are also focused on acquiring distribution rights of products to enhance their market share. For instance, in September 2018, Cipher Pharmaceuticals Inc. acquired the exclusive rights to commercialize, promote, sell, and distribute MOB-015 from Moberg Pharma in Canada for treatment of onychomycosis.

Table of Content

Table of Contents

*Browse 42 market data tables and 40 figures on "Dermatophytic Onychomycosis Treatment Market” - Global forecast to 2027.

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- Frequently Asked Questions -

What are the growth estimates for dermatophytic onychomycosis treatment market till 2027?

The global dermatophytic onychomycosis treatment market is estimated to surpass US$ 7,851.4 Million by 2027

Which are the prominent dermatophytic onychomycosis treatment market players across the globe?

Major players operating in the global dermatophytic onychomycosis treatment market include Valeant Pharmaceuticals International Inc., Galderma S.A., Novartis AG, Pfizer Inc., Moberg Pharma AB, Janssen Global Services, LLC (Johnson & Johnson Services, Inc.), Anacor Pharmaceuticals, Inc., NovaQuest Capital Management, L.L.C., and Novan, Inc.

What are the key factors hampering growth of the dermatophytic onychomycosis treatment market?

Side effects associated with the antifungal drugs used in the treatment of dermatophytic onychomycosis such as headache, dizziness, nausea, and stomach ache is one of the major factors that is expected to hamper growth of the market over the forecast period

What are the key factors driving growth of the dermatophytic onychomycosis treatment market?

Increasing prevalence of dermatophytic onychomycosis is one of the major factors that is expected to propel growth of the market over the forecast period.

What are dermatophytic onychomycosis treatment market trends?

Usage of extracts from medicinal plants for the treatment of dermatophytic onychomycosis is one of the major trends that has been observed in the market.

Which region held the largest market share in the dermatophytic onychomycosis treatment market?

Among regions, North America held dominant position in the global dermatophytic onychomycosis treatment market in 2018, accounting for 45.8% share, in terms of value