06-Aug-2020 | Zion Market Research
According to the analysis by the Zion Market Research analysts, the valuation of the global caspofungin market in 2019 was around US$ 478.96 Million and is projected to attain about US$ 504.16 Million by 2026, growing at around 0.21% CAGR during 2020–2026. A few of the leading players vigorously active in the global caspofungin market consist of Mylan N.V., Teva Pharmaceutical Industries Ltd., Fresenius SE & Co. KGaA, Merck & Co., Inc., Xellia Pharmaceuticals, and Gland Pharma Limited.
Increasing Prevalence Of Candidiasis Expected To Boost The Growth Of The Global Caspofungin Market
The factors contributing to the growth of the global caspofungin market include the rising occurrence of candidiasis, increasing disposable income in the budding nations, rising use of echinocandins, along with the increasing alertness among individuals relating to the preventive measures of a range of microbial diseases. Furthermore, the prevalence and incidence of invasive candidiasis are increasing considerably around the global, impacting millions of people. In addition, the rise in occurrence of candidaemia in intensive care units has been reported in numerous regions of the world. All these factors are likely to help boost the market growth in the forecast period. New developments and applications are also anticipated to propel the market growth. To cite, as per a recent study released in November 2019, overturning an interim study that proposed ineffectiveness, Cancidas (caspofungin) was found to be better than Diflucan (fluconazole) as antifungal prophylaxis young adults and for children with leukemia.
Candidiasis Segment Projected To Hold Majority Of Share In The Global Market Caspofungin
The global caspofungin market is bifurcated on the basis of distribution channel, indication, and region. The distribution channel segment of the market is divided into online pharmacies, retail pharmacies, and hospital pharmacies. The indication segment of the market is categorized into thrush and candidiasis. The candidiasis segment is anticipated to hold the maximum share of the market in the years to come. The use of caspofungin is preferred over other antifungals in specific diseases, which, in turn, is expected to drive the market growth in the near future.
The Leading Region In The Global Caspofungin Market Expected To Be North America And Europe
North America and Europe are projected to be the dominating regions in the global caspofungin market during the forecast period. The growth of these regions can be attributed to the huge patient population and the existence of key pharmaceutical firms. Further, an increase in incidence of fungal diseases and the rise in the elderly population are expected to boost the market growth in these regions. Moreover, Asia Pacific market is also anticipated to grow at a substantial rate in the forecast period due to the quickly enhancing health care facilities in nations like China, India, Malaysia, and South Korea. In addition, the rise in spending by prominent players and the advent of generics by other participants are anticipated to drive the market growth in this region. Also, the market in Middle East & Africa and Latin America is expected to grow at a steady rate during the projected period.
Browse the full “Global Caspofungin Market - By Indication (Thrush and Candidiasis), By Distribution Channel (Online Pharmacies, Retail Pharmacies, and Hospital Pharmacies), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/caspofungin-market
The global caspofungin market is segmented as follows:
By Distribution Channel
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