— Onychomycosis Market 2020
Generally, onychomycosis implies to the fungal infection of the nail. The global onychomycosis market is expected to exhibit lucrative growth during the forecast period. Some of the major factors characterizing the market growth are rising global prevalence of onychomycosis, rising per capita healthcare spending, surging diabetic patient population, and increasing prevalence of peripheral artery disease (PAD). The Global Onychomycosis Market is expected to register a CAGR of 6.28% to reach 7,912.5 million by 2025. The aging population, increased ingesting of immunosuppressive drugs, rising prevalence of diseases such as human immunodeficiency virus (HIV) and diabetes that suppress the immune- status of patients, increased experience to spas and public swimming pools, wearing tight-fitting shoes and clogs, and wearing sweaty footwears have been the factors for the rise in the incidence of mycoses.
Onychomycosis represents 20% to 40% of all onycho-pathies around the earth. An article published on the ScienceDirect stated that, at present, worldwide onychomycosis prevalence ranges from 2% to 50%, and it represents roughly 30% of superficial mycotic infections and 50% of all nail disorders. Additionally, onychomycosis mainly affects adults between 30 and 60 years of age. Thus, this increasing prevalence of onychomycosis across the world is fueling the necessity for treatment drugs and therapies around the globe, thereby supporting the market growth. In January 2019, Galderma Laboratories revealed the opening of a new office in Malaysia, which would help it to accelerate the growth in the region. On the contrary, the side-effects associated with onychomycosis treatment drugs as well as lack of awareness about onychomycosis are anticipated to limit the market growth over the forecast period. Onychomycosis also called tinea unguium, is a fungal infection of the toenails or fingernails that may involve any component of the nail unit, including the matrix, bed, or plate. An article published in the Journal of Tropical Medicine stated that, presently, the prevalence of onychomycosis mainly caused by nondermatophyte molds is rising around the globe.
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Major Key Players of Onychomycosis Industry:
The proposed spectators in the Global Onychomycosis Market are Pharmaceutical companies, manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Onychomycosis Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Onychomycosis Market are companies like Galderma Laboratories (Switzerland ), Novartis AG (Switzerland), Pfizer, Inc. (the US), Taro Pharmaceuticals Industries Ltd (Israel) Bausch Health Sciences (Canada), Moberg Pharma AB (Sweden), Dr. Reddy’s Laboratories Ltd (India), Medimetriks Pharmaceuticals, Inc. (US), Merz Pharma (Germany), Kaken Pharmaceutical Co., Ltd (Japan), Johnson & Johnson Services, Inc. (US) an GlaxoSmithKline plc (UK), among others.
The detailed study outlines a detailed review of the business models, the shares owned by the leading companies in the industry landscape as well as their marketing strategies. In addition to the commentary on the key influencers, statistics with respect to the revenue generation and segment-based database are also given in the report. The report throws light on the extensive scope of documentation, covering every facet of the constantly changing Onychomycosis market. Apart from this, the study also offers insights, facts, historical information, paired with the industry-validated and statistically based data regarding the global worldwide market. The presumptions are given about the latest market status, where the base year is considered to be 2020, and the end of the forecast period is 2025.
Key Drivers & Primary Challenges
All the key aspects molding the global Onychomycosis market are presented in the report, coupled with the market size as well as the volume trends and the pricing history. Elaborate assessments of the parent industry, factors that demote or encourage growth along with the market attractiveness are also covered in the market study.
Our experts are continuously tracking every development, as well as the expansion possibilities that shape the market across certain regions. Comprehensive data with regard to the business environment and the Onychomycosis market’s organized breakdown are provided as well, with the main focus on the challenges, inadequacies, opportunities and strengths. In this section, certain regions have been analyzed, across which the global market is expected to witness varying levels of growth over the appraisal period. The Onychomycosis market’s regional study sheds light on the current valuation along with the future possibilities. The main regions covered in this section include Europe, Asia Pacific the Middle East & Africa, Latin America, and North America. The regional section elucidates on the oncoming and the latest trends in the worldwide market.
Method of Research
The study of the Onychomycosis market covers all the aspects that can boost the growth in the coming period, offering hands-on information. With the aim to present an elaborate version of the market, analysts have used the parameters belonging to the Porter’s Five Force Model, while giving the prominent norms, names of the renowned industry vendors and their chain networks along with their valuable inputs. The parent sector is analyzed, combined with the governing factors, expansion possibilities and macro-economic factors in the market, which makes this segmentation. The prime methods employed to review the market dynamics include primary and secondary, which are some of the most effective tools that help assess the barriers, opportunities, strengths and weaknesses of the Onychomycosis market.
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Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Onychomycosis Market, by Type
7 Global Onychomycosis Market, by Treatment Type
8 Global Onychomycosis Market, by Distribution Channel
9 Global Onychomycosis Market, by Region
10 Competitive Landscape
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