Press release
Rising Prevalence Of Fungal Infections Boosts Antifungals Market: A Key Driver Powering Antifungals Market Growth In 2025
Antifungals
What Is the Current Antifungals Market Size and Its Estimated Growth Rate?
The antifungals market size has shown strong growth over the years. It is expected to expand from $27.01 billion in 2024 to $29.67 billion in 2025, posting a CAGR of 9.8%. The growth was spurred by higher fungal infection rates, aging societies, enhanced medical infrastructure, and educational initiatives.
The antifungals market size is expected to experience strong growth in the next few years. It will grow to $41.84 billion by 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth is driven by emerging fungal strains, regulatory approvals, global health concerns, increased TH*Care spending, and greater patient education and awareness. Major trends include research and development, telemedicine, advancements in antifungal drug development, and increased collaboration and partnerships in the sector.
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How Are Emerging Segments Shaping the Antifungals Market Landscape?
The antifungals market covered in this report is segmented -
1) By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines
2) By Route of Administration: Oral, Parenteral, Topical
3) By End users: Hospitals & Clinics, Dermatology clinics, Other Users
Subsegments
1) By Echinocandins: Caspofungin, Micafungin, Anidulafungin
2) By Azoles: Fluconazole, Itraconazole, Voriconazole, Posaconazole, ket*oconazole
3) By Polyenes: Amphotericin B, Nystatin
4) By Allylamines: Terbinafine, Naftifine
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Which Growth Factors Are Influencing Antifungals Market Expansion?
The antifungals market is set to grow due to the increasing frequency of fungal infections globally. These infections, affecting various body parts such as skin, nails, and lungs, are on the rise because of a growing immunocompromised population, environmental changes, antibiotic misuse, and urbanization. For instance, in September 2024, the International Society For Infectious Diseases reported 6.5 million invasive fungal infections annually, leading to 3.8 million deaths. This rising disease burden supports the market's growth trajectory.
Who Are the Dominant Players Across Different Antifungals Market Segments?
Major companies operating in the antifungals market include Pfizer Inc., Novartis International AG, Merck & Co. Inc., Bayer AG, Abbott Laboratories, Sanofi S.A., Kramer Laboratories Inc., GlaxoSmithKline plc, Gilead Sciences Inc., Basilea Pharmaceutica AG, Sigma-Aldrich, Astellas Pharma Inc., Janssen Pharmaceutica NV, Zydus Cadila TH*Care Ltd., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Sumitomo Dainippon Pharma Co. Ltd., Scynexis Inc., Mayne Pharma Inc., Cosmo Pharmaceuticals NV, Leadiant Biosciences Inc, Glenmark Pharmaceuticals Limited, Cidara Therapeutics, MATINAS BIOPHARMA, Mylan N.V., Perrigo Company plc, Wockhardt Ltd., Lupin Limited, Dr. Reddy's Laboratories Ltd, Torrent Pharmaceuticals Ltd., Hikma Pharmaceuticals PLC, Mayne Pharma Group Limited, Fresenius Kabi AG, Baxter International Inc., Akorn Operating Company LLC, Amphastar Pharmaceuticals Inc., Mylan Institutional LLC, West-Ward Pharmaceuticals Corp., Gland Pharma Limited, Aurobindo Pharma Limited
What Are the Latest Developing Trends in the Antifungals Market?
Drug developers and manufacturers in the anti-infective drugs market are expanding their research and development, marketing, and manufacturing capabilities through strategic collaborations with other companies and research institutions. Such partnerships help them diversify their product portfolios and improve market competitiveness.
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Which Geographic Regions Are Expected to Dominate the Antifungals Market in the Coming Years?
North America was the largest region in the drugs for antifungals market in 2023. The Middle East is expected to be the fastest-growing region in the antifungals market. The regions covered in the antifungals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Antifungals Market?
2. What is the CAGR expected in the Antifungals Market?
3. What Are the Key Innovations Transforming the Antifungals Industry?
4. Which Region Is Leading the Antifungals Market?
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