Global Antifungals Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
8 Jun, 2021
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.
Global Antifungals Market Size And Drivers:
The global antifungals market is expected to grow from $9.98 billion in 2020 to $10.29 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%. The market is expected to reach $13.71 billion in 2025 at a CAGR of 7.4%. The growth 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.
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Trends In The Global 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 market.
Global Antifungals Market Segments:
The global antifungals market is further segmented based on drug type, end users, route of administration, therapeutic indications and geography.
By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines
By End users: Hospitals & Clinics, Dermatology Clinics, Other Users
By Route of Administration: Oral, Parenteral, And Topical
By Therapeutic Indications: 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.
Read More On The Report For The Global Antifungals Market At:https://www.thebusinessresearchcompany.com/report/antifungals-global-market-report
Antifungals Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides antifungals market overviews, analyzes and forecasts market size and growth for the global antifungals market, antifungals market share, antifungals market players, antifungals market segments and geographies, antifungals market’s leading competitors’ revenues, profiles and market shares. The antifungals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.