PUBLISHER: Value Market Research | PRODUCT CODE: 1547332
PUBLISHER: Value Market Research | PRODUCT CODE: 1547332
The global demand for Onychomycosis Treatment Market is presumed to reach the market size of nearly USD 9.56 Billion by 2032 from USD 5.58 Billion in 2023 with a CAGR of 6.16% under the study period 2024-2032.
Onychomycosis is a kind of fungal infection of fingernails and toenails in which the nails appear to be discolored, thickened, and separated from the nail bed. It may involve any nail component such as a nail plate, nail matrix, and nail bed. This condition is also known as tinea unguium or dermatophytic onychomycosis. The three main types of fungi responsible for causing onychomycosis are yeasts, dermatophytes, and non dermatophyte molds. Onychomycosis can be treated both topically and orally. A combination of oral and topical treatment is expected to show effective results. The most effective onychomycosis treatment available is systemic antifungal agents, but the cure rate is far below 100%, and it may recur even after treatment. The disease can also be treated with laser therapy and photodynamic therapy. However, curing onychomycosis involves a longer treatment duration.
The onychomycosis treatment market shows promising growth opportunities in the coming years. The key factors driving the market are the growing prevalence of chronic diseases like diabetes mellitus, psoriasis, and peripheral vascular disease and a rise in the number of senior population across the globe. People suffering from diabetes mellitus are 1.9 to 2.8 more prone to onychomycosis. The fact that dermatologists and podiatrists are becoming more aware of onychomycosis therapeutics and the growing trend among individuals to maintain the aesthetic appeal of the nails. The onychomycosis treatment market will also be favored by increasing onychomycosis incidence among athletes owing to nail sweating, constant use of shoes, and nail injuries. Other factors contributing to the market growth are changing lifestyles that include activities such as using gyms and public swimming pools. Furthermore, adopting novel drugs for treating the disease, a surge in onychomycosis treatment product sale through online stores, and strategic partnerships, mergers, and collaborations by market players will propel market growth. However, side-effects related to onychomycosis treatment drugs and lack of awareness about onychomycosis may limit the onychomycosis treatment market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Onychomycosis Treatment. The growth and trends of Onychomycosis Treatment industry provide a holistic approach to this study.
This section of the Onychomycosis Treatment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Onychomycosis Treatment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Onychomycosis Treatment market include Pfizer Inc., Novartis AG, Johnson & Johnson Services Inc., Medimetriks Pharmaceuticals Inc., Bausch Health Sciences, Galderma Laboratories, Moberg Pharma AB, Dr. Reddy'S Laboratories Ltd, Merz Pharma, Kaken Pharmaceutical Co. Ltd, GlaxoSmithKline Plc, Taro Pharmaceuticals Industries Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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