Antifungals Global Market Estimated To Grow At 14% Rate
September 23, 2022
The Global Antifungals Market Report by The Business Research Company covers antifungals market size, drivers, restraints, key players, and impact of COVID-19
LONDON, GREATER LONDON, UK, September 23, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Antifungals Global Market Report 2022”, the antifungals market is expected to grow from $26.76 billion in 2021 to $30.94 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The growth in the antifungals market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global antifungals market size is expected to reach $51.67 billion in 2026 at a CAGR of 13.7%.
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Key Trends In The Antifungals Market
Antifungal drugs manufacturers are offering skimming price for branded drugs. The discovery, development and manufacturing processes of branded drugs generally require high investments. As a result, companies in the market offer the branded drugs at the highest initial prices, and implement other pricing strategies to ensure the product stays competitive at a high price. Price skimming is a pricing strategy in which a company charges a high initial price and then gradually lowers the price to attract more price-sensitive customers. It is used to maximize profits when a new product is introduced in the antifungals market. Manufacturers and marketers of branded drugs should consider adopting the price skimming strategy for branded drugs. They should price these branded drugs high to recover the high costs incurred during drug development and manufacturing.
Overview Of The Antifungals Market
The antifungals market consists of sales of antifungal drugs which are used to detect and eliminate fungal pathogens. The fungal pathogens thrive in the body under unhygienic and unclean environments. These drugs are also known as an antimycotic medication, used to treat and prevent mycosis such as athlete's foot, ringworm, candidiasis (thrush), serious systemic infections such as cryptococcal meningitis, and others.
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Antifungals Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
• By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines
• End-User: Hospitals and Clinics, Dermatology Clinics, Others
• By Route of Administration: Oral, Parenteral, Topical
• By Therapeutic Indication: Aspergillosis, Dermatophytosis, Candidiasis, Others
• By Geography: The global antifungals market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as Pfizer, Novartis, Merck & Co., Bayer Healthcare and Abbott Laboratories, Sanofi-Aventis, Kramer Laboratories, Glaxosmithkline Gilead, Enzon Pharmaceuticals Inc. and Basilea Pharmaceutica AG.
Trends, opportunities, strategies and so much more.
Antifungals Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of antifungals market. The market report gives antifungals global market analysis, antifungals global market size, antifungals global market share, antifungals global market growth drivers, antifungals global market segments, antifungals market major players, antifungals global market growth across geographies, antifungals industry trends and antifungals market competitors’ revenues and market positioning. The antifungals market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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