About Ketoconazole
Ketoconazole belongs to the drug class azole antifungals. It is antifungal in nature. It is used in the treatment of skin, nails, and other infections. It is also used in the treatment of psoriasis, tinea infections, and hair loss. The increasing number of people with hair problems driving the demand for ketoconazole. Further, growing healthcare infrastructure in the developing economies and technological advancement in the healthcare industry expected to drive the demand for ketoconazole over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ketoconazole market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mylan (United States), Almirall (Spain), Johnson & Johnson (United States), Taro Pharmaceutical (Israel), Teva Pharmaceutical (Israel), Novartis (Switzerland), GlaxoSmithKline (United Kingdom), Amgen (United States), AbbVie (United States) and Merck & Co (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Strides Pharma (India), Parchem (United States), Ciron Drugs and Pharmaceuticals P Ltd (India) and Bristol-Myers Squibb (United States).
Segmentation Overview
AMA Research has segmented the market of Global Ketoconazole market by Type (Ketoconazole Oral and Ketoconazole Topical), Application (Psoriasis, Tinea infections and Hair loss) and Region.
On the basis of geography, the market of Ketoconazole has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the Ketoconazole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Applications as Antifungal Medication in Case of Skin, Ringworm, and Other Infections and Advancement in the Healthcare Industry
Market Growth Drivers:
Rising Prevalence of Hair Related Problems Such As Hair Loss and Others and Growing Healthcare Infrastructure in the Developing Economies
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Stringent Government Regulations Regarding Medications and Side Effects Such As Redness, Swelling, and Others
Opportunities:
Rising Demand from the Developing Economies and Increasing Number of Clinical Trials
Market Leaders and their expansionary development strategies
In June 2018, Kramer Laboratories, Inc., a marketer of over-the-counter (OTC) foot care and specialty cough products, announced the acquisition, a leading anti-dandruff shampoo brand sold in North America and Latin America, from Janssen Pharmaceutica NV (a member of the Johnson & Johnson family of companies). Kramer is a portfolio company of Avista Capital Partners, a leading healthcare-focused private equity firm, and Dana Holdings, a consumer healthcare-focused private investment group.
In August 2021, Insud Pharmaceuticals, announced the launch of Ketoconazole Foam, 2%, generic to Extina. Xiromed is focused on expanding the range of dosage forms offered in portfolio, and the launch of Ketoconazole Foam, 2% demonstrates our commitment to expansion into a wide variety of dosage forms.
“The U.S. Food and Drug Administration (FDA) is taking several actions related to Nizoral (ketoconazole) oral tablets, including limiting the drug’s use, warning that it can cause severe liver injuries and adrenal gland problems and advising that it can lead to harmful drug interactions with other medications. FDA has approved label changes and added a new Medication Guide to address these safety issues. As a result, Nizoral oral tablets should not be a first-line treatment for any fungal infection. Nizoral should be used for the treatment of certain fungal infections, known as endemic mycoses, only when alternative antifungal therapies are not available or tolerated.”
Key Target Audience
Manufacturers of ketoconazole, Distributors of ketoconazole, Potential Investors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.