Press release
Onychomycosis Market Analysis, Trends, Growth, Research And Forecast 2032
Onychomycosis Market
The Business Research Company's Onychomycosis Global Market Report 2023 identifies the surge in diabetic patient population as the major driver for the onychomycosis market's growth in the forecast period. Diabetes is a chronic disease caused by either insufficient insulin synthesis by the pancreas or ineffective insulin utilization by the body. Onychomycosis is a common foot problem for people with diabetes, which can be managed by preventing and managing complications associated with onychomycosis. Hence, the rising incidence of diabetes boosts the demand for the onychomycosis market.
The global onychomycosis market is expected to grow from $3.20 billion in 2022 to $3.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The onychomycosis market is expected to reach $4.19. billion in 2027 at a CAGR of 5.4%.
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Major competitors in the onychomycosis market are Pfizer Inc., Johnson & Johnson Services Inc., Merck & Co. Inc., Bayer AG, Novartis AG, GlaxoSmithKline PLC, Eli Lilly and Company, Sandoz International GmbH, Bausch Health Companies Inc., Perrigo Company plc, Galderma Laboratories LP, Aurobindo Pharma Limited, Cipla Inc., Dr. Reddy's Laboratories Ltd., Apotex Inc, Lupin Limited, Amneal Pharmaceuticals Inc., Alembic Pharmaceuticals Inc.
A key trend in the onychomycosis market includes product innovations. Major companies operating in the onychomycosis market are developing innovative products to sustain their position in the market. For instance, in December 2021, Bausch Health Companies Inc., a Canada-based pharmaceutical company, launched a Julia (aliconazole) topical solution for the treatment of onychomycosis. Julia is approved by the American Podiatric Medical Association (APMA), a US-based professional medical organization. Products that support good foot health and are of significant benefit when used in a consistently applied program of daily foot care and frequent professional treatment are given the APMA Seal of Approval.
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The onychomycosis market is segmented -
• By Type: Distal Subungual Onychomycosis (DSO), White Superficial Onychomycosis (WSO), Proximal Subungual Onychomycosis (PSO), Candida Onychomycosis, Other Types
• By Treatment: Drug Treatment, Topical Therapy, Other Treatments
• By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the onychomycosis market.
The Business Research Company's "Global Onychomycosis Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Onychomycosis Market Include:
1. Executive Summary
2. Onychomycosis Market Characteristics
3. Onychomycosis Market Trends And Strategies
4. Onychomycosis Market - Macro Economic Scenario
5. Global Onychomycosis Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Onychomycosis Market Competitive Benchmarking
33. Global Onychomycosis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Onychomycosis Market
35. Onychomycosis Market Future Outlook and Potential Analysis
36. Appendix
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