Antifungal Agent Market Trends, Analysis, Growth, Opportunities, Forecast to 2031

The global antifungal agent market is anticipated to grow at a considerable CAGR of 3.1% during the forecast period (2024-2031). Product innovations coupled up with many leading advancements in antifungal agent are anticipated to drive the market in the coming years. Antifungal treatments, both topical and oral medicines such as creams, sprays, tablets, and injections, are commercially offered in a wide range of formulations so according to the requirement and convenience, they can be used. Another factor driving the growth of this market is the rise in disposable income. Middle-class families have increased their healthcare spending as their disposable income rises, allowing them to receive better care. Moreover, there are increasing investments that are made to continue research and development operations for the development of anti-fungal medications is expected to fuel market growth. In addition, growing awareness among patients and healthcare professionals is propelling the antifungal agent market.

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The antifungal agent market is also driven by key players who continued to focus on the development of new generic and unique anti-infective pharmaceuticals and formulation technologies to address serious fungal infections. The different launches made by many major companies include, for instance, in September 2021, Scynexis Inc. announced the availability of BREXAFEMME, which is the first and only oral non-azole therapy option for vaginal yeast infections and it will also be provided on cloud-based pharmacies. It is a new treatment against candida species, it disrupts the fungal cell wall and kills the fungi that cause the illness rather than just slowing it down.

In October 2021, Intas Pharmaceuticals Ltd., launched the antifungal drug Itraconazole-SB. The medicine is intended to lower the cost of fungal infection treatment while simultaneously improving patient compliance and reducing doctor counselling time. Itraconazole molecule has low blood drug concentration, affecting safety and efficacy when taken orally.

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Market Coverage

Segment Covered-
o By Drug Class

o By Dosage Type

o By Route of Administration

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including Gilead Sciences, Inc., Merck& Co., Inc., Novartis AG, Pfizer Inc., Sanofi, and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Antifungal Agent Market Report Segment

By Drug Class

Polyene
Echinocandins
Allylamines
Azole

By Dosage Type

Powder
Ointment
Drugs

By Route of Administration

Parenteral
Topical
Oral

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