The global compound clotrimazole ointment market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Compound clotrimazole is a broad spectrum anti-fungal agent, which is used for the treatment of dermal infections. The ointment is majorly used for the topical treatment of candidiasis and tinea versicolor pityriasis versicolor. In addition, it is used for the treatment of dermal infections such as Athletes foot, crotch itch, and ringworm. The market is anticipated to show substantial growth globally owing to the growing fungal infections, and the rising incidence of candidiasis and tinea versicolor pityriasis versicolor. The ointment kills a wide variety of fungi that can cause such infections. Thus, the growing demand for the ointment all over the globe owing to its wide applications intreating above mentioned conditions is anticipated to be a major market trend in the future years.
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Adding to this, the easy availability and the convenient access to compound clotrimazole as an over-the-counter medication is further anticipated to propel the market growth It has been observed as a prominent trend that people have become more conscious about dermatological issues. Thus, candidiasis and tinea versicolor pityriasis versicolor, being the prevalent dermatological issues call for a substantial medical solution such as compound clotrimazole. As per the Centers for Disease Control and Prevention (CDC), around 46,000 cases of invasive candidiasis occur per year in the US. In addition, rise in disposable income and increase in awareness of fungal infections among population are anticipated to boost the market growth. Thus, the growing cases of dermatological issues coupled with the easy availability of compound clotrimazole throughout the globe is anticipated to surge its demand.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Application
- By Distribution Channel
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Merck & Co., Inc., and GlaxoSmithKline plc, among others.
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Global Compound Clotrimazole Ointment Market Report by Segment
By Application
- Candidiasis
- Tinea Versicolor
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Specialty Clinics
- E-Commerce
Global Compound Clotrimazole Ointment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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