Onychomycosis Treatment Market : Where is the Market Heading? What Does the Future Hold for Players : Valeant PharmaceuticalsInc., Galderma S.A., Novartis AG, Pfizer, Inc. ….

Accounting for approximately 12% of the entire fungal infection treatments space, onychomycosis treatment has been witnessing a high prevalence-low awareness scenario over the years. However, gradually increasing awareness about the potential threats of onychomycosis and growing availability of treatments for the condition clearly point to a promising outlook for onychomycosis treatment market over the course of coming years.

The roughly US$ 4.5 billion global market for onychomycosis treatment is slated to observe robust year on year revenue growth of 6.4% in 2019. A new market research study by Future Market Insights throws light on the increasing role of combination therapy recommendations in supporting demand growth of onychomycosis treatment, in the near future.

The competition section of the onychomycosis treatment market report features the profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, and marketing approach. Some of the key players featured in this report include Valeant PharmaceuticalsInc., Galderma S.A., Novartis AG, Pfizer, Inc., Moberg Pharma AB, Johnson & Johnson Services, Inc., Bayer AG, Dr. Reddy’s Laboratories Ltd., Cipla Ltd., Medimetriks Pharmaceuticals, Inc., Lumenis Ltd., Biofrontera AG, and Leo Pharma A/S.Tier 1 players in the onychomycosis treatment market have a 37.3% market value share, and accounted for a market value of US$ 1.3 Bn in 2017.

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Drugs Remain a Favored Choice of Treatment for Onychomycosis

While the line of treatment for onychomycosis is diverse, drugs remain the first line of onychomycosis treatment – with over 80% market value share - owing to consistently high success rate, says the report.

High treatment penetration of topical products is a major highlight of the global onychomycosis treatment market report.

Drugs, alone represent between 40-50% success rate, whereas rise up to an even higher success rate - in combination with photodynamic therapy.

The lower price point compared to high-end photodynamic or laser therapy is projected to boost patient preference for drugs in onychomycosis treatment.

Growing Inclination towards Combination Therapy to Boost Nail Lacquer Sales

With bolstering recommendations for combination therapy by both podiatrists and dermatologists is cited as another strong factor encouraging the demand for onychomycosis treatment worldwide.

Research indicates an increased cure rate when the treatment combines systemic and topical therapies, which is presumably stimulating onychomycosis patients to opt for treatment that involves long-term antifungal drugs medication, followed by application of nail lacquers.

A senior market research analyst at FMI explains, “Oral terbinafine has been a popular choice for including in the combination therapy over the years, which is followed by amorolfine nail lacquer in follow-up sessions. The emergence of more such combination therapies as a part of onychomycosis treatment is likely to support the growth of onychomycosis treatment market in coming years”.

Nearly 80% Revenue Belongs to Distal Subungal Onychomychosis Treatment

Distal subungal onychomycosis, though is the most prevalent disease indication pushing the demand for treatment with almost 80% share in the total market value, the report projects that the prevalence of proximal subungal onychomycosis would increase at a significant rate in coming years.

North America & Western Europe Bag in over 70% Market Value Share

Holding a collective revenue share of more than 70%, North American and Western European markets for onychomycosis treatment continue to provide the strongest push to market growth.

In addition to the highest onychomycosis prevalence, North America’s landscape reaps a major advantage of favorable reimbursement scenario in the US.

Analysis of the Moderately Consolidated Market Structure

Among the top performers in the global onychomycosis treatment landscape including Novartis AG, Galderma S.A., Valeant Pharmaceuticals, Inc., Johnson & Johnson Services, Pfizer, Inc., and others, the top five companies account for a global market share of over 43% - leaving the market as a moderately consolidated landscape. With an objective to achieve impactful product promotion campaigns, companies are signing sales and marketing agreements, according to the report.

As indicated by recent research data, Valeant’s Jublia and Pfizer’s Diflucan have been the key brands responsible for sizable revenue generation in the onychomycosis treatment marketplace.

Jublia continues to enjoy booming sales through the company’s D2C (direct-to-consumer) marketing strategy. Galderma’s Loceryl and Novartis’ Lamisil are also projected to retain higher attractiveness in the onychomycosis treatment landscape.

The leading market players are likely to maintain their strategic focus on a strong sales channel and a versatile distribution network.

Strategic partnerships and collaborations are foreseen to be significant developmental decisions of established brands in the landscape of onychomycosis treatment.

Acquisitions are also trending the competitive landscape of onychomycosis treatment market, and one of the recent acquisitions includes acquisition of the UK based Ziarco Group Limited by Novartis, which is likely to influence the novel treatment development scenario in the dermatology space.

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Onychomycosis Treatment Market Reports - Table of Contents
Executive Summary

Market Overview

Market Analysis

FMI Analysis and Recommendations

Wheel of Fortune

Market Introduction

Market Taxonomy

Market Definition

Exclusion and Inclusion

Onychomycosis Treatment Market Opportunity Analysis

Macro-Economic Factors

Opportunity Analysis

Market Background

Market Dynamics

Drivers

Supply Side Drivers

Demand Side Drivers

Restraints

Key Trends

Key Inclusions

Pipeline Assessment

Reimbursement Analysis

Regulatory Scenario

Global Economic Outlook

Gross Domestic Product by Region & Country, 2006 – 2021

Global Dermatology Market Outlook, 2017 ....more

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