Fungal Infections Drive Demand for Anti-fungal Therapies, Market to Reach US$22.8 Billion by 2033 | Future Market Insights, Inc.

To get a preview of our comprehensive antifungal therapies market research report before you purchase, click here to request a sample report. To get a preview of our comprehensive antifungal therapies market research report before you purchase,click here to request a sample report. The increasing fungal disease rate has forced the patient to take anti-fungal drugs, driving the market growth. For instance, onMay 20, 2020, according to Fungal Infections in Humans, around 1...

To get a preview of our comprehensive antifungal therapies market research report before you purchase, click here to request a sample report.

The increasing fungal disease rate has forced the patient to take anti-fungal drugs, driving the market growth. For instance, on May 20, 2020, according to Fungal Infections in Humans, around 1.7 million people die from serious fungal infections each year, which cause over 150 million cases worldwide.

The rising demand for anti-fungal drugs that can be used effectively on the body without side effects contributes to market opportunities. So, companies are focusing on research and development activities for formulation and development.  Furthermore, antifungal drugs are widely acceptable by several patients as these can be used as an effective medication for fungal infection.

Most of the anti-fungal therapies/drugs require a prescription from a doctor. However, a few are available as over-the-counter (OTC) drugs in emerging countries, expected to drive the anti-fungal therapy market during the forecast period. For instance, on 20 January 2022, according to The Economic Times report, as part of a new over-the-counter (OTC) drug policy, India will soon permit the sale of some drugs without a prescription.

Pharmaceutical manufacturers are concentrating on developing new drug discoveries, formulation of tablets, and different drug dosages. For instance, on 16 December 2022, The U.S. Food and Drug Administration granted final approval to Sun Pharma's new drug for application in antifungal medications.

Antifungal Therapies Market Research Report Scope:

-  Abbott Laboratories

-  Arcadia Consumer Healthcare Inc.

-  Astellas Pharma Inc

-  GlaxoSmithKline Plc

-  Merck & Co. Inc.

-  Novartis A.G

-  Gilead Sciences Inc.

-  Johnson & Johnson's

-  MerzPharma

-  Enzon Pharmaceuticals Inc.

-  Glenmark

-  Teva Pharmaceutical Industries Ltd.

-  Hikma Pharmaceuticals PLC

-  Sun Pharmaceutical Industries Ltd.

-  Apotex Inc.

-  Zydus Cadila

-  Aurobindo Pharma

-  Cipla Inc.

-  Dr. Reddy's Laboratories Ltd.

-  Pfizer Inc.

-  Torrent Pharmaceuticals Ltd.

-  Bayer AG.

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Key Takeaways from the Market Study

"With increasing formulation and development, rising incidence of fungal diseases, and growing prescription rate for anti-fungal drugs, the anti-fungal therapy market is expected to witness significant expansion over the forecast period," says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Market Competition

The market for anti-fungal therapies is fragmented, and there exists a number of local, upcoming, as well as established players. Key players have initiated marketing initiatives to educate the elderly population about the benefits of anti-fungal therapies while also attempting to improve the drugs with different specifications.

Recent Developments

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About Healthcare Division at Future Market Insights 

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here. 

About the Author:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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