PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437508
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437508
Tinea Pedis Treatment Market size was valued at USD 1,213 Million in 2023, expanding at a CAGR of 7.2% from 2024 to 2032.
A frequent term for tinea pedis, or athlete's foot, is a fungal infection affecting the skin of the feet. It's a communicable disease brought on by a variety of fungus, including Microsporum, Trichophyton, and Epidermophyton. Warm, humid spaces like locker rooms, swimming pools, and public showers are ideal for the growth of tinea pedis. Direct contact with contaminated surfaces or the sharing of contaminated objects, such as socks or towels, can also result in the illness spreading. Antifungal drugs are usually used to treat tinea pedis. These are available without a prescription as creams, ointments, or sprays with active substances such as miconazole, clotrimazole, or terbinafine. A doctor may recommend oral medicine or stronger antifungal drugs for situations that are more severe or chronic.
Tinea Pedis Treatment Market- Market Dynamics
Rising prevalence of fungal infections to propel market demand
The rise in the frequency of fungal infections is the main reason driving the market's expansion. Although mycotic infections are found all over the world, tropical and subtropical regions account for the majority of cases that are reported. The market expands in tandem with the rise in patient volume. Additionally, the market is growing because of the increased investment and R&D projects. For instance, one article published by the NCBI in July 2022 estimates that dermatophyte infections of the toe clefts afflict around 10% of the population overall. Wearing occlusive shoes for extended periods is the most frequent cause of this. The study also noted that as community baths, showers, and pools are known to have a greater frequency of tinea pedis, sharing washing facilities is likely to raise the risk of infection. It is also said that adult males are more likely than females to have tinea pedis.
Tinea Pedis Treatment Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.2% over the forecast period (2024-2032)
Based on disease type segmentation, the vesicular tinea pedis category dominates the market
Based on the route of administration segmentation, the oral segment held the largest market share in 2023
Based on distribution channel segmentation, retail pharmacies are expected to capture a substantial market share over the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Tinea Pedis Treatment Market is segmented based on Disease Type, Route of Administration, Distribution Channel, and Region.
The market is divided into three categories based on disease type: vesicular tinea pedis, interdigital tinea pedis and plantar tinea pedis. The vesicular tinea pedis category dominates the market. The segment expansion is attributed to the introduction of innovative treatment.
The market is divided into two categories based on the route of administration: topical and oral. The oral segment held the largest market share in 2023 and is expected to continue the same pattern during the forecast period. Oral medications are generally easier to use and may be more convenient for patients, particularly those who have difficulty applying topical treatments consistently or those with extensive involvement in multiple areas.
The market is divided into three categories based on distribution channel: retail pharmacies, hospital pharmacies and e-commerce. Retail pharmacies are expected to capture a substantial market share over the forecast period. Retail pharmacies offer a variety of OTC antifungal products for the treatment of mild cases of tinea pedis. These may include creams, powders, sprays, and other topical formulations.
Tinea Pedis Treatment Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to lead the Tinea Pedis Treatment market during the forecast period due to lifestyle variables including the frequent usage of public spaces like gyms and swimming pools, the region has a greater frequency of tinea pedis patients than other regions of the world. A strong pharmaceutical sector in the area has also aided in the creation and accessibility of several tinea pedis treatment alternatives, including over-the-counter and prescription drugs. However, throughout the projected year, Asia Pacific is anticipated to have lucrative growth. The region's expanding patient base, expanding medical facilities, and rising rates of fungal infections are all anticipated to fuel market expansion.
The key players operating in the market are Teva Pharmaceutical Industries Limited, Sun Pharmaceutical Industries Ltd, GlaxoSmithKline PLC, Bausch Health Companies Inc., Glenmark Pharmaceuticals Limited, Bayer AG, Sebela Pharmaceuticals Holdings Inc., Amneal Pharmaceuticals Inc., Viatris Inc., Pfizer Inc., Advantice Health (Kerasal) and Abigail Healthcare Pharmaceutical. To obtain access to new markets, market players are continuously pursuing a variety of strategic initiatives, including the creation of new products, funding and investments, mergers and acquisitions, and other strategic partnerships.
In June 2022, a new range of products called Athlete's Foot was introduced by Kerasal. It has a special 5-in-1 composition that helps heal most cases of athletes' foot (tinea pedis), enhance the look of the skin, and encourage good foot hygiene.
GLOBAL TINEA PEDIS TREATMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Teva Pharmaceutical Industries Limited
Sun Pharmaceutical Industries Ltd
GlaxoSmithKline PLC
Bausch Health Companies Inc.
Glenmark Pharmaceuticals Limited
Bayer AG7t
Sebela Pharmaceuticals Holdings Inc.
mneal Pharmaceuticals Inc.
Viatris Inc.
Pfizer Inc.
Advantice Health (Kerasal)
Abigail Healthcare Pharmaceutical