The global antifungal agents market is anticipated to grow at a significant CAGR of nearly 3.5% during the forecast period. Antifungal agents prevent and destroy the growth of fungi that are responsible for several diseases such as aspergillosis, ringworm, and skin infection, among others. Antifungal drugs include azoles, polyenes, echinocandins, and allylamines. Antifungal agents are a class of drugs that are used to detect and eliminate fungal infections from the body with minimal side effects. The major factor contributing to the growth of the market include the rising number of patients suffering from hygiene-related issues in emerging countries. However, the availability of alternative treatments is expected to hinder the growth of the market.
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Another major factor contributing to the growth of the market include the rising incidences of fungal diseases. The fungal disease causes serious illness and death and many fungal diseases go undiagnosed. There is no government surveillance for common fungal infections such as ringworm and vaginal candidacies. According to the 2019 Antibiotic Resistance Threats report, the Centre for Disease Control and Prevention (CDC) stated that each year in the US, there are more than 2.8 million antibiotic-resistant infections and more than 35,000 people die as a result. The report prioritizes bacteria and fungi into one of four categories based on level of concern: Urgent, Serious, Concerning, and Watch List, with urgent being the highest threat level. Infectious disease is responsible for more than 8.4 billion mortalities globally and is accounted for two of the World Health Organization’s (WHO) top ten causes of mortalities globally.
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Global Antifungal Agents Market Segmentation
By Drug Class
- Polyene
- Echinocandins
- Allylamines
- Azole
By dosage type
- Powders
- Ointments
- Drugs
- Paste
By Route of Administration
- Parenteral
- Topical
- Oral
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- Abbott Laboratories, Inc.
- Astellas Pharma Inc.
- Basilea Pharmaceutica Ltd.
- Bayer Healthcare LLC
- Bristol-Myers Squibb Co.
- Cadila Healthcare Ltd.
- Cosmo Pharmaceuticals N.V.
- Reddy’s Laboratories Ltd.
- Gilead Sciences, Inc.
- Janssen Pharmaceutica NV
- Mayne Pharma Group Ltd.
- Merck & Co., Inc.
- Pfizer Inc.
- Sanofi-Aventis Groupe SA
- SCYNEXIS, Inc.
- Sumitomo Dainippon Pharma Co., Ltd.
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
- Viatris Inc.
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