Candidiasis Treatment Market 2022 Global Key Players, Challenges, Industry Size, Growth Opportunities And Forecast TO 2026

Candidiasis is a treatable fungal infection caused by Candida yeasts. Typically, Candida lives within the intestinal tract, but it can also be found on the skin, mouth, or mucous membranes of the human body. Various species of Candida can cause infections in the human population. Health care professionals (HCPs) diagnose and administer candidiasis treatment based on the patient's medical history, physical and laboratory examinations, and symptoms.

In recent years, HCPs have observed a steady rise in the incidence of candidiasis infections across the globe. Additionally, due to sound health awareness, candidiasis diagnosis and successful treatment have also witnessed an upward trend. These developments are expected to significantly expand the global candidiasis treatment market, opening the doors to robust innovation and mutually-beneficial partnerships.

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Prevalence of Multiple Types of Candida Spurs Global Market Growth

Multiple types of candidiasis are widely prevalent among different groups of the human population. The most common infection-inducing candidiasis species include C. krusie, C. albicans, C. tropicalis, C. glabrata, and C. parapsilosis. Further, based on types, HCPs classify candidiasis into oropharyngeal candidiasis, esophagus candidiasis, vaginal candidiasis, and invasive candidiasis. Among these, invasive candidiasis is the most common fungal infection in the hospital patient-pool.

Whereas, oropharyngeal candidiasis is highly prevalent among individuals battling with AIDS, cancer patients on chemotherapy, and infants. Moreover, vaginal candidiasis has evolved into a common occurrence among women. Given the different age groups, genders, and pre-medical conditions that candidiasis targets, there exist numerous opportunities for more reliable treatments and biomedical innovation. Over the forecast period, this factor is expected to draw substantial growth in the global candidiasis market.

Major Leaders in the Global Candidiasis Treatment Market

1. Astellas Pharma Inc.
2. Merck KGaA
3. Amplyx Pharmaceuticals Inc.
4. Grupo Ferrer Internacional
5. S.A.
6. NovaDigm Therapeutics Inc.
7. SCYNEXIS Inc.
8. Novabiotics Limited
9. Viamet Pharmaceuticals Holdings LLC
10. Basilea Pharmaceutica Ltd.
11. Cidara Therapeutics Inc.
12. Mycovia Pharmaceuticals Inc.

Biomedical Innovation and Intense R&D on Fungal Diseases Spur Candidiasis Treatment Market to Rapid Expansion

The global candidiasis treatment market is projected to attain profitable outcomes during the forecast period owing to advanced collaboration on R&D on fungal diseases. In the coming years, other major market drivers include relative dearth of reliable treatments, increased economic support from the government, and rise in the usage of off-label drugs. Despite this, it is anticipated that the candidiasis treatment market can face challenges from the growing resistance to antifungal drugs. Current antifungal drugs against some forms of Candida, such as C. parapsilosis, C. auris, and C. glabrata, have shown varying levels of resistance. However, robust collaboration amidst the medical fraternity, government support, and strategic alliances are poised to overcome this challenge in the near future.

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North America and Europe Hold the Largest Market Share

North America, followed by Europe, has emerged as the foremost region that commands the highest market share across the globe. This is primarily due to significant investments in healthcare facilities, biomedical research, and health awareness among the general public. In addition to these two regions, the candidiasis treatment market of Asia Pacific is projected to grow at a steady pace. In Asia Pacific, high investments to develop a modern healthcare infrastructure, coupled with an increase in the region's population, contributes to the growth of the candidiasis treatment market.

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