Press release
Caspofungin Market Report 2020: By Key Players, Type, Trends, Share and Forecast 2020-2026
The global caspofungin market is estimated to grow at a CAGR of around 5% during the forecast period. The caspofungin drugs work by inhibiting beta-1, 3-D-Glucan which is a necessary enzyme part of the cell wall of a fungus. Candidiasis and Aspergillus are similar fungi whose infection can be treated with the application of caspofungin drugs. This is considered to be a major growth opportunity for the caspofungin market. Moreover, the awareness regarding bacterial infections such as candidiasis and aspergillus is also raising comparatively which will fuel the growth of the caspofungin industry during the forecast period.(Get 15% Discount on Buying this Report)
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According to CDC estimation, Candidemia, that is the presence of a Candida species, is one of the most common bloodstream infections. Additionally, the average incidence in the US between the period of 2013-2017 was approximately 9 per 100,000 people. Hence, the increasing cases of candidiasis are anticipated to drive the caspofungin market shares.
Additionally, the incidence of life-threatening aspergillus infections across the globe has risen in recent years. Some of the common aspergillus infections among the population include invasive aspergillosis, ABPA CPA, and aspergilloma. Caspofungin was first approved for the treatment of invasive aspergillosis in patients that are intolerant of other therapies. Hence, the rising incidences of various aspergillus infections and the application of caspofungin in its treatment will drive the growth of the caspofungin market.
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Additionally, the kidney fungal infection was also significantly reduced when treated with caspofungin. This will significantly aid in increasing the caspofungin market share during the forecast period as the prevalence of kidney related disease is raising greatly across the globe. Caspofungin is also used to treat various urinary tract infections that are induced by candida, especially in the infection that iscaused by non-albicans species of Candida.
Moreover, Caspofungin’s minimum side effect and low nephrotoxicity are also increasing its adoption to treat fungal infections in patients with compromised renal function. Therefore, the increased adoption of caspofungin drugs in the treatment of various kidney infection will significantly drive the growth of the caspofungin market during the forecast period.
Caspofungin Market- Segmentation
By Infection Type
• Candidiasis
• Thrush
By Dosage Form
• Powders
• Ointments
• Drugs
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Caspofungin Market-Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Altan Pharma Ltd.
• Alvogen
• Centrient Pharmaceuticals
• Cipla Ltd.
• Fresenius SE & Co. KGaA
• LivealthBioPharma Pvt. Ltd.
• MDA Inc.
• Merck & Co. Inc.
• Mylan NV
• New Xellia Group A/S
• ParchemFine &Specialty Chemicals
• Pfizer Inc.
• Rewine Pharmaceutical
• Sanofi SA
• Stanex Drugs and Chemicals Pvt. Ltd.
• Sun Pharmaceutical Industries Ltd.
• SVAK Life Sciences
• Teva Pharmaceutical Industries Ltd.
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Media Contact:
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Email: anurag@omrglobal.com
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Company Name: Orion Market Research
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