Antifungal Drugs Market Key Vendors, Regional Analysis, Key Players and Competitive Landscape Forecasts by 2027

Of late, the prevalence of fungal infections has been increasing in the past few years. Some of the key reasons for such alarming trends include rampant rise in global temperatures, widespread chronic illnesses, and immune system issues. Chronic illnesses such as cancer require frequent visits to the hospital which increases the chances of contracting fungal infections at the hospital. Such infections are called nosocomial infections. As per CDC, approximately 1.7 million hospitalized patients contracted a type of nosocomial infection while getting treated at the hospital in 2019. During the COVID-19 pandemic, the outbreak of black fungus infections was due to an overwhelmingly high number of hospitalisations in the period. The global antifungal drugs market is flourishing in such conditions and market players are developing advanced treatment methods such as azoles to contain the infections.

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Burgeoning Hospitalisation to Facilitate Global Antifungal Drugs Market Growth

Some of the most severe fungal infections originate from nosocomial sources. As the number of people being hospitalised increases incessantly, the incidence of fungal infections contracted in hospitals is set to proliferate. Such conditions are a result of the rising prevalence of health conditions such as cancer, hematopoietic stem cell transplantation, and other immune system weaknesses. As these diseases require repeated visits and stay at the hospital, the chances of contracting nosocomial infections rise significantly. This trend is especially profound in low and middle-income economies where healthcare infrastructure might not be adequate. The global antifungal drugs market is set to nurture in such a business environment.

Azoles-based Medications Showing Tremendous Fungicidal Efficiency

Several medications and treatment methods are being developed to combat serious and life-threatening fungal infections. Some of the most effective fungicidal treatment methods are azoles. Synthetic azoles and semi-synthetic substances have showcased considerable efficacy while treating fungal infections. The most common infections include yeast infections, thrush, candidiasis, tinea versicolor, athlete's foot, aspergillosis, ringworm, fungal infections, jock itch, systemic mycosis, and seborrheic dermatitis. The azoles group has a comprehensive spectrum of effectiveness against fungal infections. Moreover, it is relatively safer to use with minimal side effects or allergic reactions among patients. It also absorbs better than other treatment methods and requires fewer doses, consequently creating headways for the global antifungal drugs market.

Thriving Healthcare Industry to Sustain North America's Market Dominance

The high incidence of infectious diseases, chronic illnesses, and greater hospitalisation rate in North America is creating substantial opportunities for the regional antifungal drugs market. Developed economies such as the US is a key contributor to the region's market dominance. The thriving pharmaceutical industry in the region is also enabling robust research and development activities for developing more efficacious antifungal drugs. In addition, the regulatory bodies are also stimulating a healthy business landscape in North America. As of the fastest growing markets, Asia Pacific is nurturing a healthy antifungal drugs market on the of rising population, high disposable incomes, widespread drug availability, and humid climate.

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Key Market Players

Some of the prominent players operating in the global antifungal drugs market include Hologic, Inc, Siemens Medical Solutions USA, Inc., Quest Diagnostics Incorporated, Abbott, BD, Cardinal Health, Inc., bioMérieux SA, F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., and General Electric Company.

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