Press release
Yeast Infection Treatment Market Outlook: Unveiling Key Segments, Growth Trends, and Technological Innovations
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Yeast Infection Treatment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.53 billion In 2028 At A CAGR Of 6.3% :
The yeast infection treatment market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased prevalence of yeast infections, growing awareness about fungal infections, aging population, rise in healthcare expenditure globally, and development and approval of new antifungal medications.
The yeast infection treatment market size is expected to see strong growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing adoption of telemedicine for remote consultations, personalized medicine approaches for targeted treatment, emergence of combination therapies for enhanced efficacy, growing emphasis on natural and herbal remedies, and focus on microbiome-based therapies for infection management. Major trends in the forecast period include advancements in genomic research, development of compact and accurate diagnostic equipment, technological advancements in the field of yeast infection diagnosis and treatment, increasing investments in research and development, and strategic partnerships.
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Yeast Infection Treatment Market Major Segments
The yeast infection treatment market covered in this report is segmented -
1) By Type: Powders, Creams Or Ointments, Tablets Or Capsules, Other Types
2) By Treatment: Medical Treatment, Surgery
3) By Indication: Genital Candidiasis, Invasive Candidiasis, Oropharyngeal Or Esophageal Candidiasis (Thrush), Other Indications
4) By Route Of Administration: Oral, Topical, IV (Intravenous) Or IM (Intramuscular), Other Routes Of Administration
5) By Application: Retail Pharmacies Or Drug Stores, Hospital Pharmacies, Specialty Stores, Online Sales, Other Applications
Key Driver - Autoimmune Disease Surge Fuels Growth In Yeast Infection Treatment Market
The rise in the prevalence of autoimmune disease is expected to propel the growth of the yeast infection treatment market going forward. Autoimmune disease is a condition where the immune system mistakenly attacks healthy cells, tissues, and organs, weakening bodily function and potentially becoming life-threatening. Yeast infection treatment are used in managing and preventing the complications of autoimmune disease by addressing recurrent yeast infections, which are linked to certain autoimmune syndromes, and by potentially modulating the immune response through the management of fungal infections in patients with autoimmune conditions. For instance, in March 2023, according to the National Institutes of Health, a US-based federal agency for conducting and supporting medical research, an estimated 8.4 million people globally were predicted to have type 1 diabetes (T1DM) in 2021, with 500,000 new cases reported in that year. Further, the estimated population with T1DM is expected to be between 13.5 and 17.4 million by 2040. Therefore, the rise in the prevalence of autoimmune diseases is driving the growth of the yeast infection treatment market.
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Prominent Trend - Increasing Focus On Introducing Innovative Oral Antifungal Solutions To Revolutionize Yeast Infection Treatment
Major companies operating in the yeast infection treatment market are focusing on introducing innovative solutions or medications, such as non-azole oral antifungals, to gain a competitive edge in the market. A non-azole oral antifungal is a medication taken by mouth that fights fungal infections but does not belong to the azole class of antifungals. For instance, in December 2022, SCYNEXIS, a US-based biotechnology company, announced approval from the United States Food and Drug Administration (FDA), a US-based federal agency, for the second indication for BREXAFEMME (ibrexafungerp tablets). This is an innovative non-azole oral antifungal, the first FDA-approved therapy used for both the treatment of vaginal yeast infection, also known as vulvovaginal candidiasis (VVC), and the reduction in the incidence of recurrent VVC. It offers a novel alternative with broad-spectrum activity, impacting the dynamics of the yeast infection treatment market and addressing limited options for patients with recurrent VVC. The recommended dosage of BREXAFEMME for the treatment of VVC is 300 mg (two 150 mg tablets), given one day at a time, about 12 hours apart, for a total of 600 mg (four 150 mg tablets) every day.
Yeast Infection Treatment Market Players
Major companies operating in the yeast infection treatment market report are Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Novartis International AG, Sanofi SA, Thermo Fisher Scientific Inc., Abbott Laboratories, AstraZeneca PLC, Bayer AG, Astellas Pharma Inc., Torrent Pharmaceuticals, Catalent Inc., bioMérieux SA, Cipla, Bruker Corporation, Brundavan Laboratories Private Limited, Glenmark Pharmaceuticals Ltd, Zydus Lifesciences, Prestige Consumer Healthcare Inc., CordenPharma International, Synmedic Laboratories, Basilea Pharmaceutica AG, Jubilant Pharmova Limited, Curia Global Inc., Synexis LLC, Manus Aktteva Biopharma LLP
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Largest And Fastest Growing Region In The Market
North America was the largest region in the yeast infection treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the yeast infection treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Yeast Infection Treatment Market Report Structure
3. Yeast Infection Treatment Market Trends And Strategies
4. Yeast Infection Treatment Market - Macro Economic Scenario
5. Yeast Infection Treatment Market Size And Growth
…..
27. Yeast Infection Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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