As the name suggests, anti-fungal drugs are used to treat fungal infections. Common fungal infections such as fungal nail infection, vaginal infection, and ringworm usually occur on the external surface of the body, while certain fungal invasive infections occur inside the tissue of body or in an internal organ such as lungs and brain. Fungal infection is usually associated with a weak immune system, with people suffering from HIV and AIDS, and those undergoing high dosage chemotherapy more susceptible to invasive fungal infections. Anti-fungal drugs work against fungal infections by either killing the fungal cells or by inhibiting their growth. Anti-fungal drugs are broadly classified as topical antifungals, oral antifungals, intravenous antifungals, and intravaginal antifungal pessaries.
As per stats released by Centers for Disease Control and Prevention (CDC), around 1 million people get infected worldwide by cryptococcal meningitis, which is a brain infection caused by fungus Cryptococcus and it subsequently leads to 625,000 deaths. These cases are mainly reported in sub-Saharan Africa. Also, the histoplasmosis infection mostly occurs in the U.S. and some portion of Central and South America. As per CDC’s study, the histoplasmosis is a common infection observed in people with HIV and AIDS. In case of histoplasmosis, late diagnosis and treatment can be fatal.
The global antifungal drugs market recorded double-digit Y-o-Y growth in 2016 and it is expected witness steady growth in the near future. Growth is mainly attributed to increasing prevalence of infections and changing climatic conditions, in turn increasing incidence of fungal infections. Also, Latin and South America have witnessed more growth in anti-fungal drugs revenue than North America in the recent past.
Increasing accessibility to low-cost OTC anti-fungal drugs creates a highly lucrative environment for growth of the global anti-fungal drugs market.
Anti-Fungal drugs market taxonomy:
Global Market by Drug Type
Global Market by Therapeutic Indication
Global Market by Geography
Growing incidence of antifungal infections and increasing popularity of OTC drugs to drive growth of the antifungal drugs market in near the future
Changing environment conditions and increasing pollution lead to increasing prevalence of various infections. The continuously growing population is also the supportive factor pushing this growth. North America holds the largest market share due to increasing awareness about infections and high investment in R&D in the region. Also, emerging economies in APAC region are projected to witness high growth rate over the forecast period (2017-2024) due to increasing awareness about infectious diseases, increasing R&D activities, and growing target population.
The major factor driving growth of the market is rising popularity of OTC drugs as they are cost effective for the patients and growing advertisement of antifungal drugs for dermal infections like for skin infection is also the helping factor for the growth of antifungal drugs. Also, patent expiration of branded drugs will also lead to market growth. Increased funding for R&D in developed countries and increased focus on product innovation will further augment market growth.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.