The global antifungal agent market is anticipated to grow at a significant CAGR of 3.1% during the forecast period. Growing effective treatment associated with fungal infections is acting as an important factor driving the growth of the market. Common fungal infections, such as ringworm and fungal nail infections, normally affect the body’s exterior surface, whereas fungal diseases affect the body’s tissues or internal organs, such as the lungs and brain. Individuals with a weakened immune system, such as those living with HIV/AIDS, are more likely to contract the fungus require effective treatment. Furthermore, chemotherapy patients are vulnerable to invasive fungal infections. Antifungal medications work against fungal infections by either killing or suppressing the growth of the fungus.
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The COVID-19 pandemic had impacted the global economy due to a slowdown in the manufacturing of various industries. The global antifungal medicines market has also been hampered by the supply chain slow down. However, the COVID-19 had also impacted the market growth due to patients with a weakened immune system are at a higher risk of contracting a life-threatening fungal infection and developing respiratory problems. For instance, invasive aspergillosis is caused by aspergillus spores that are commonly found in the air we breathe. As a result, there may be an increase in respiratory illnesses, which would support the market development by providing effective treatment. Additionally, antifungal drugs were also in higher demand as the number of cases of black fungus, white fungus, and pink fungus had increased.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Antifungal Agents Market By Drug Class
- Polyene
- Echinocandins
- Allylamines
- Azole
Global Antifungal Agents Market By Dosage Type
- Powder
- Ointment
- Drugs
Global Antifungal Agents Market By Route of Administration
- Parenteral
- Topical
- Oral
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abbott Laboratories, Inc.
- Astellas Pharma Inc.
- Basilea Pharmaceutica Ltd.
- Bayer Healthcare LLC
- Bristol-Myers Squibb Co.
- Cadila Healthcare Ltd.
- Cosmo Pharmaceuticals N.V.
- Reddy’s Laboratories Ltd.
- Enzon Pharmaceuticals, Inc
- Janssen Pharmaceutica NV
- Mayne Pharma Group Ltd.
- SCYNEXIS, Inc.
- Sumitomo Dainippon Pharma Co., Ltd.
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
- Viatris Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global antifungal agent market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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