Global Antifungal Drugs Market, 2021: Increased Availability of Generics and Alternative Therapies – Research and … – PR Newswire (press release)

The global antifungal drugs market to grow at a CAGR of 3.20% during the period 2017-2021.

Antifungal drugs are chemical compounds used to kill or inhibit the growth of fungi. These drugs act by various mechanisms such as the inhibition of cell division, the inhibition of cell wall formation, and cell membrane disruption.

The report covers the present scenario and the growth prospects of the global antifungal drugs market for 2017-2021. To calculate the market size, the report considers revenue generated from the sales of branded, generics and OTC drugs used for the treatment and prevention of various fungal infections. The report also considers the revenue to be generated from the sales of drugs that are expected to be launched in the market along with the decline in revenue from the patent expiries of the marketed drugs during the forecast period. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is increased funding for antifungal research. Currently, few companies are investing in the discovery and R&D of drugs for these infections. This can be attributed to the increased regulatory guidelines and the decreased profits available for the development of antifungal drugs.

According to the report, one of the major drivers for this market is rising popularity of OTC antifungal drugs for dermal infections. Many OTC products or cosmeceuticals are available in the market for the treatment of dermal infections. Extensive advertisements and endorsements of OTC products have increased their sales over prescription drugs. OTC products are cost-effective in nature compared to their branded counterparts.

Further, the report states that one of the major factors hindering the growth of this market is antifungal drug resistance. The development of multidrug resistant microbes is one of the major threats to the human health in the present days. The microbe changes itself to protect against the antimicrobial agent used and thereby develops resistance to the drug. This develops primarily due to the irrational use of drugs. The incorrect prescription of the drugs by the physicians or the incorrect dosing or course taken by the patients along with the increased use in agriculture and animal husbandry industry leads to the development of such resistance.

Market Dynamics

Market drivers

  • QIDP and other special regulatory designations
  • Increase in prevalence of infections and environmental changes
  • Rising popularity of OTC antifungal drugs for dermal infections

Market challenges

  • Antifungal drug resistance
  • Increased availability of generics and alternative therapies
  • Poor patient adherence

Market trends

  • Increased funding for antifungal research
  • Increased focus on combination therapies
  • Incorporation of novel technology for product development
  • Strategic alliances and M&A

Key vendors

  • Pfizer
  • Merck
  • Astellas Pharma
  • Novartis
  • Johnson & Johnson

Other prominent vendors

  • Allergan
  • Almirall
  • Amgen
  • Aqua Pharmaceuticals
  • AstraZeneca
  • Bayer
  • Bristol-Myers Squibb
  • Celgene
  • Dermira
  • Elorac
  • F. Hoffmann-La Roche
  • Galderma
  • Genentech
  • GlaxoSmithKline
  • Hexima
  • Hisamitsu Pharmaceutical
  • Incyte
  • Mayne Pharma
  • MediQuest Therapeutics
  • Meiji Seika Pharma
  • Merz Pharmaceuticals
  • Moberg Pharma
  • Mylan Pharmaceuticals
  • NanoBio
  • NovaBiotics
  • Novan
  • Promius Pharma
  • Sanofi
  • Seren Pharmaceuticals
  • Sun Pharma
  • Taro
  • Teva Pharmaceutical
  • Theravance Biopharma
  • Topica Pharmaceuticals
  • Viamet Pharmaceuticals

For more information about this report visit http://www.researchandmarkets.com/research/98qqzp/global_antifungal

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com 

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-antifungal-drugs-market-2021-increased-availability-of-generics-and-alternative-therapies—research-and-markets-300432540.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

YOUTUBE RELAX MUSIC MUSICA RELAJACION YOUTUBE

Compartir:
Sígueme por Email1k
Facebook0
Facebook
Twitter9k
Visit Us
YouTube15k
YouTube
Pinterest5k
Pinterest
LinkedIn541
Instagram9k
RSS2k

Uso de cookies

Uso de cookies y política de privacidad: Este sitio web/blog utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies. Pinche el enlace para mayor información. Nuestra política de cookies, pinche el enlace para mayor información.plugin cookies

ACEPTAR
Aviso de cookies