The market for onychomycosis treatments is anticipated to expand significantly from 2021 to 2031, growing at a steady CAGR of 7.9% to reach a market value of $5,787.4 million. The market is expanding as a result of the increased incidence of chronic illnesses, the ageing population, the development of better treatments and prevention measures, and the rising cost of healthcare globally.
Onychomycosis, also referred to as toenail fungus or fingernail fungus, is a common fungus condition that affects millions of people worldwide. The chance of acquiring onychomycosis is considerably increased by the rising frequency of chronic medical conditions like diabetes and immune system disorders. The market for onychomycosis treatments is expanding as a result of the rising need for efficient management and symptom-relieving choices for this ailment.
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The market is expanding as a result of the increasing growth of the worldwide elderly population. Onychomycosis is more common in older people because of their reduced immune systems and decreased blood flow. Onychomycosis treatment demand is fueled by the world’s ageing population, which has sparked the creation of novel therapies and solutions tailored to the particular requirements of this group.
The development of better treatments and prevention measures has also significantly contributed to the expansion of the onychomycosis treatment industry. Onychomycosis can now be treated with more potent antifungal drugs, topical therapies, and medical devices thanks to developments in medical research and technology. Additionally, there is a rising focus on preventive methods to lower the incidence of onychomycosis, such as patient education, good foot care, and hygiene practises.
The increased frequency of chronic illnesses, the ageing population, better treatments and prevention measures, and rising healthcare costs are some of the factors driving the predicted significant growth in the global market for onychomycosis treatments. Businesses operating in this market can take advantage of the rising demand for onychomycosis treatment to capitalise on the market’s predicted valuation of $5,000 million or more by 2031 to achieve significant growth.
Highlighted with 80 tables and 72 figures, this 150-page report “Global Onychomycosis Treatment Market 2021-2031 by Onychomycosis Type (Distal Subungual, White Superficial, Proximal Subungual, Candidal, Others), Treatment Type (Drug Treatment, Laser Therapy, Photodynamic Therapy, Others), Distribution Channel (Hospitals and Clinics, Online Stores, Retail Pharmacies, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global onychomycosis treatment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global onychomycosis treatment market in every aspect of the classification from perspectives of Onychomycosis Type, Treatment Type, Distribution Channel, and Region.
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Based on Onychomycosis Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Distal Subungual Onychomycosis
- White Superficial Onychomycosis
- Proximal Subungual Onychomycosis
- Candidal Onychomycosis
- Other Onychomycosis Types
Based on Treatment Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Drug Treatment
- Laser Therapy
- Photodynamic Therapy
- Other Therapies
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hospitals and Clinics
- Online Stores
- Retail Pharmacies
- Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by Onychomycosis Type, Treatment Type and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Bausch Health Companies Inc.
- Bayer AG
- Cipla Ltd
- Reddys Laboratories Ltd
- Galderma SA
- GlaxoSmithKline PLC
- Johnson & Johnson
- Lumenis Ltd
- Medimetriks Pharmaceuticals Inc.
- Moberg Pharma AB
- Novartis AG
- Pfizer Inc.
- Sanofi SA
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