Press release
Vaginal Fungi Infections Treatment Market Is Projected To Reach Around USD 1,500 Million In 2030 Exhibiting A CAGR Of 5.0% In The Forecasted Period
The global vaginal fungi infections treatment market size was valued at USD 1,100 million in 2021 and is projected to reach around USD 1,500 million in 2030 exhibiting a CAGR of 5.0% in the forecasted period.The robust developing pipeline with recent sanctions of therapies in disease management, increasing disease burden, and introduction of new drugs, such as BREXAFEMME and VIVJOA, are among the prime factors boosting the industry growth. Conversely, side effects of intake of medicines acts as the hindrance in the vaginal fungi infections treatment market in the forecasted period.
Increasing incidence of vaginal fungi infections are boosting vaginal fungi infections treatment market growth. For example, as per the Centers for Disease Control and Prevention (CDC), 2018, about 1.4 million outpatient visits happen for vaginal candidiasis each year in the U.S. Furthermore, as per an article issued in Multidisciplinary Digital Publishing Institute (MDPI) in February 2020, Vulvovaginal candidiasis (VVC) is the most prevailing human candida infection and approximately 75% women across the world are affected by it least once in their lifespan. Moreover, as per the same source, nearby 8% women around the world suffer from recurrent vulvovaginal candidiasis (RVVC). As per an NCBI article, VVC is a common infection among women affecting around 138 million women annually worldwide.
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The following individuals have made available a brand-new research report titled "Vaginal Fungi Infections Treatment Market" 2023 analysis. The report includes information on "industry size, share, growth, segmentation, manufacturers and developments, key trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, potential road maps, and annual forecast until 2030." The purpose of the market research study is to conduct a comprehensive analysis of the semiconductors market to find out more about it and its potential for growth. The client now receives complete knowledge of the market and business from past, present, and future viewpoints in order to deploy resources and make wise financial decisions. A thorough table of contents, market information presented in the form of tables, charts, and graphs, as well as careful analysis, are all included in this study.
Distribution Channel Insights:
On the basis of distribution channels, the industry has been characterized into retail pharmacy, online pharmacy, and hospital pharmacy. The retail pharmacy segment is anticipated to observe the fastest CAGR of more than 4% during the forecasted period. As disease treatment, control and management take short- as well as long-term support of medicines, which increases the segment growth. The market has both prescription and OTC drugs, thereby pharmacists play a significant role by counselling patients and attaining their trust. Retail pharmacies are at comfort for most medicines, especially in the homecare location. All these factors are anticipated to fuel the segment's growth.
Key Companies Insights
The market for vaginal fungi infections treatment is moderately competitive. With the rising applications of Vaginal fungi infections treatment, new players are considering to enter the market. The companies are also involved in events like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the Vaginal fungi infections treatment market, ultimately boosting the market growth.
Some of the key companies working in the global Vaginal fungi infections treatment market include:
• Bausch Health Companies Inc.
• Astellas Pharma Inc.
• Mycovia Pharmaceuticals, Inc.
• Basilea Pharmaceutica Ltd.
• Pfizer Inc.
• ANI Pharmaceuticals, Inc.
• Lupin Limited
• Hikma Pharmaceuticals Plc.
• Unique Pharmaceuticals
• Glenmark Pharmaceuticals Limited
• PEPTONIC medical AB
• Dr. Reddy's Laboratories
• Aurobindo Pharma Limited
• SCYNEXIS, Inc.
• Other players
Some of the Recent Developments:
• In August 2022, VIVJOA an oral drug successfully received FDA approval. Mycovia Pharmaceuticals' VIVJOA is an antifungal drug, which selectively prevents fungal CYP5.
• In June 2021, Scynexis, Inc. announced the FDA sanction for their latest drug BREXAFEMME (Ibrexafungerp) designated for VVC treatment.
• In February 2019, Aurobindo Pharma Limited acquired marketable operations and definite supportive structure of Apotex Inc. in five European countries.
Segments:
By Drug Class
• Clotrimazole
• Nystatin
• Fluconazole
• Terbinafine
• Terconazole
• Others
By Route of Administration
• Oral
• Intravenous
• Topical
By Distribution Channel
• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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The online pharmacy distribution channel segment is also anticipated to grow at a significant CAGR during the estimated period. The inclination for online purchasing is high owing to the convenience and other profits, such as home delivery. During the pandemic, people experienced the comfort of delivery services and decreased travel time for prescription fill in retail stores. The COVID-19 pandemic enhanced the online segment owing to the government limitations like nationwide lockdowns and stay-at-home guidelines to restraint the spread of the virus.
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Global Vaginal Fungi Infections Treatment Market 2023 Key Insights:
1. Examine the current state of the Vaginal Fungi Infections Treatment market and its future prospects in relation to production, Vaginal Fungi Infections Treatment pricing structure, consumption, and previous experience.
2. The research identifies the many segments and sub-segments that make up the structure of the Vaginal Fungi Infections Treatment market.
3. Market historical information from 2016 to 2022 and forecast through 2030. Market breakdown information by company, products, end-users, and key countries.
4. Analysis of the Vaginal Fungi Infections Treatment market's growth patterns, prospects for the future, and contribution to the entire Vaginal Fungi Infections Treatment market.
5. Report on the Global Vaginal Fungi Infections Treatment Market 2023 examines competitive developments such as contracts, the introduction of new products, and Vaginal Fungi Infections Treatment Market acquisition.
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WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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