The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s antifungals market report forecasts the antifungals market size to grow to $54.88 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Antifungals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/antifungals-global-market-report

Antifungals Market Size Forecast
The global antifungals market is expected to grow from $31.12 billion in 2022 to $35.19 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global antifungals market size is expected to grow to $54.88 billion in 2027 at a CAGR of 11.8%.

North America held the largest antifungals market share, and Middle East was the fastest-growing region in 2022.

Key Antifungals Market Driver ­– Rise In Point Prevalence Survey
According to the survey, antifungal drugs were mostly prescribed in pediatrichematology and oncology (PHO) units (35.2%), followed by neonatal ICUs (NICUs) (19.6%). The other units prescribing antifungal drugs included pediatric services (18.3%), pediatric ICUs (PICUs) (14.6%), and hematopoietic (HSCT) units (7.3%). According to the same survey, the antifungals were used for prophylaxis in 48.8% of patients and about 50% of patients were treated with antifungal drugs based on observation. Among 50% of patients, who were treated post-observation, around 18.8% of patients have prescribed an antifungal therapy, and 31.2% of patients were targeted for the treatments.

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Key Antifungals Market Trend – Manufacturing Through Collaborations And Strategic Partnerships
Drug developers and manufacturers are scaling up the various departments such as research and development, marketing, and manufacturing through collaborations and strategic partnerships with other companies and research institutes, to expand their product portfolios. So, companies in the anti-infective drugs market should consider strategic collaborations to broaden their scope and product portfolios to increase revenues and stay competitive in the market.

Antifungals Market Segment
1) By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines
2) End users: Hospitals & Clinics, Dermatology clinics, Other Users
3) By Route of Administration: Oral, Parenteral, Topical
4) By Therapeutic Indications: Aspergillosis, Dermatophytosis, Candidiasis, Other Therapeutic Indications

Antifungals Market Major Players and Strategies
Major players in the antifungals market are Pfizer, Novartis, Merck & Co., Bayer Healthcare and Abbott Laboratories, Sanofi-Aventis, Kramer Laboratories, GlaxoSmithKline Gilead, Enzon Pharmaceuticals Inc., and Basilea Pharmaceuticals AG.

The Antifungals Global Market Report 2023 covers regional data on antifungals market size, antifungals market trends and drivers, opportunities, strategies, and antifungals market competitor analysis. The countries covered in the antifungals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The antifungal drugs refer to drugs that are used to detect and eliminate fungal pathogens. The fungal pathogens thrive in the body in unhygienic and unclean environments. These drugs are also known as antimycotic medications, used to treat and prevent mycoses such as athlete’s foot, ringworm, candidiasis (thrush), and serious systemic infections such as cryptococcal meningitis, and others.

View More Reports Related To The Antifungals Market –
Antiglaucoma Drugs Global Market Report 2023
Hormonal Contraceptives Global Market Report 2023
Animal Antibiotics And Antimicrobials Global Market Report 2023

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