Industry Background:
Antifungal agents are the substances that inhibit the spread of fungi by killing fungal cells or spores or preventing their growth with minimal toxicity to the host. The mechanism of action of antifungals involves the inhibition of fungal membrane and cell wall synthesis, alternation of fungal membranes, effects on microtubules and inhibition of nucleic acid synthesis. The fungal infections include some kinds of dandruff, ringworm, vaginal infection, athlete’s foot and nail infection. They are primarily used to combat infections in immunocompromised individuals and post-transplantation
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott (United States), Pfizer Inc. (United States), Novartis AG (Switzerland), Merck & Co., Inc. (United States), Sanofi-Aventis (France), Bayer AG (Germany), Enzon Pharmaceuticals, Inc. (United States), GlaxoSmithKline Plc. (United Kingdom), Astellas Pharma (Japan) and Sigma-Aldrich (United States) |
This growth is primarily driven by Rising Number of Patients Suffering From Fungal Infections, Decreased Immunity of the People Due To Busy Lifestyle Increases Susceptibility to Infection, Unhygienic Environment in the Cities with High Population and Availability Of Over the Counter Antifungal Drugs.
Globally, a noticeable market trend is evident Technological Progress in the Diagnostic Tests Major Players, such as Abbott (United States), Pfizer Inc. (United States), Novartis AG (Switzerland), Merck & Co., Inc. (United States), Sanofi-Aventis (France), Bayer AG (Germany), Enzon Pharmaceuticals, Inc. (United States), GlaxoSmithKline Plc. (United Kingdom), Astellas Pharma (Japan) and Sigma-Aldrich (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Antifungal Agents market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 3rd December 2018, GlaxoSmithKline Plc. Reaches agreement to acquire TESARO, an oncology-focused Biopharmaceutical Company.
In May 2021, Pfizer acquired Amplyx Pharmaceuticals. Amplyx Pharmaceuticals is novel antifungal called fosmanogepix developer. This acquisition helped company to expand its presence in antifungal agents market
Influencing Trend:
Technological Progress in the Diagnostic Tests
Market Growth Drivers:
Rising Number of Patients Suffering From Fungal Infections, Decreased Immunity of the People Due To Busy Lifestyle Increases Susceptibility to Infection, Unhygienic Environment in the Cities with High Population and Availability Of Over the Counter Antifungal Drugs
Challenges:
Increased Resistance to Antifungal Drugs and Stringent Government Regulations
Restraints:
Lack of Awareness about Fungal Infections and Adverse Effects of the Antifungal Drugs
Opportunities:
Improving Healthcare Infrastructures and Growing Healthcare Budgets of Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Antifungal Agents Market
- Analysis about New Entrants in Antifungal Agents Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Antifungal Agents Study Sheds Light on
The Antifungal Agents Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Antifungal Agents industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Antifungal Agents industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.