Dermatophytosis Treatment Market Size, Share Report, Analysis, Trends, Growth, 2032

Dermatophytosis Treatment Market

Dermatophytosis Treatment Market By Distribution Channel (Online Channels, Retail Pharmacies, Hospitals & Clinics, And Others), By Type (Prescribed And Over-The-Counter), By Route Of Administration (Oral and Topical), By Product Type (Anti-Infective, Antifungal, Steroids, And Others), And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2023-2030.

Category: Medical Device Report Format : PDF Pages: 223 Report Code: ZMR-1415 Published Date: Jul-2023 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD $8.80 Billion USD 13.38 Billion 4.73% 2022

Dermatophytosis Treatment Market

Description

Dermatophytosis Treatment Industry Perspective:

The global dermatophytosis treatment market size was valued at USD 8.80 billion in 2023 and is anticipated to reach USD 13.38 billion during the forecast period. The dermatophytosis treatment market is likely to grow with a CAGR of 4.73% between 2023 and 2032.

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The report analyzes the market’s growth drivers, restraints, opportunities, and challenges. Also, it offers detailed insights into the regional and competitive landscape in the dermatophytosis treatment industry.

Dermatophytosis Treatment Market: Overview

Dermatophytosis is commonly known as ringworm, which is a fungal infection. Its common symptoms include nail discoloration, rashes, hair loss, broken hair, nail dystrophy, scaling, dryness of the infected area, redness, itching, and others. Keratin is an essential material present in the external layer of hair, nails, and skin. Dermatophytosis is an infection that is fed on keratin. People with weak immune systems and sports athletes are more prone to dermatophytosis.

Key Insights

  • As per the analysis shared by our research analyst, the global dermatophytosis treatment market size is estimated to grow annually at a CAGR of around 4.73% over the forecast period (2024-2032).
  • In terms of revenue, the global dermatophytosis treatment market size was valued at around USD 8.80 billion in 2023 and is projected to reach USD 13.38 billion by 2032.
  • The rising cases of ringworm are likely to boost the global dermatophytosis treatment market size growth.
  • Based on the distribution channel, the hospitals & clinics segment swipes the largest share of the global market.
  • Based on the type, the prescribed segment dominates the global market.
  • Based on the route of administration, the topical drug segment is expected to grow significantly in the global market.
  • Based on region, North America is expected to dominate the market during the forecast period.  

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Dermatophytosis Treatment Market: Growth Drivers

Rising cases of ringworm are likely to boost the growth of the global market.

Ringworm is a widely prevalent disease worldwide. However, there is high awareness among people regarding the symptoms and treatments of different bacterial and infectious diseases, which is the major reason for the growth of the global dermatophytosis treatment market. The fast development of advanced and novel treatment methods for dermatophytosis treatment will also help promote market growth. Also, the increasing research and development activities for the development of new therapies will complement the growth of the global market in the forthcoming years. Moreover, the funding in the market is growing continuously every year, thereby offering new growth opportunities to the market.

Dermatophytosis Treatment Market: Restraints

Side effects causing drugs are likely to hamper the growth of the global market.

Overuse of some steroids in the treatment of dermatophytosis poses a high chance of antimicrobial-resistant infections in the human body. Such side effects are harmful to the human body, and therefore, it is anticipated to restrict the growth of the global dermatophytosis treatment industry during the forecast period.

Dermatophytosis Treatment Market: Opportunities

Increasing focus of pharma companies on treating dermatophytosis is likely to offer growth opportunities in the global market.

Pharmaceutical companies are trying to gather their focus on coming up with products dealing with the treatment of dermatophytosis. International pharma companies are expanding their business worldwide through acquisition, product launches, collaboration, and other strategies. Also, the growing initiatives of the governments of various countries across the globe to lower the burden on national healthcare is likely to positively impact the growth trajectory of the global dermatophytosis treatment market.

Dermatophytosis Treatment Market: Challenges

Lack of sufficient awareness among people is a major challenge in the global market.

There is a lack of proper knowledge among people regarding early diagnosis and complete treatment. It results in the limited reach of people, thereby posing a huge challenge in the global market. Also, people prefer self-treatment for mild symptoms, which in turn also slows down the growth of the global dermatophytosis treatment industry.

Dermatophytosis Treatment Market: Segmentation

The global dermatophytosis treatment market can be segmented into distribution channels, type, route of administration, product type, and region.

By distribution channel, the market can be segmented into online channels, retail pharmacies, hospitals & clinics, and others. The hospitals & clinics segment swipes the largest share of the global market due to the increasing patient pool. The post-Covid landscape has boosted the incidences of hospital admission due to fungal infection. Around 7,199 deaths were reported due to the fungal infection during and after Covid-19. Also, the favorable reimbursement policies and availability of government-run hospitals are further expected to complement the growth of the segment. The retail pharmacies segment is the second largest segment of the global market owing to the easy reach and store buying habits of the people. Also, the online segment is likely to grow steadily during the forecast period due to the surging trend of shopping online along with the wide availability of products, discounts, doorstep delivery, etc.

By type, the market can be segmented into prescribed and over-the-counter. The prescribed segment dominates the dermatophytosis treatment industry due to the serious concern of people regarding dermatophytosis. Also, the symptoms of this infection are so harsh that it needs immediate consultations with healthcare professionals. However, the over-the-counter segment is also likely to witness a permanent growth rate during the forecast period due to the increasing awareness among people regarding some generic drugs. Also, people are more likely to go for over-the-counter drugs if a patient is suffering mild symptoms.

By route of administration, the market can be segmented into oral and topical. The topical drug segment is expected to grow significantly in the global dermatophytosis treatment industry. The segment holds around 64% of the total market share. Recently product launches, particularly the topical creams for treating dermatophytosis, have widened the scope of the segment. The major advantage of these topical creams is that they target the infection site directly, which aids in faster recovery. Also, it has the least side effects on the human body. The study also proves the high effectiveness of topical creams on ringworms. Moreover, they don’t enter the human mainstream blood. They come into the highly affordable range.

By drug class, the market can be segmented into anti-infective, antifungal, steroids, and others. Antifungal segment accounts for the largest share of the global market. The segment is expected to grow with a CAGR of 3.7% during the predicted period. The major reason for the growth of the segment is the growing awareness regarding fungal infections. Also, the increasing product launches in the antifungal category are further anticipated to propel the growth of the segment. However, there are increasing fungal infections among people globally owing to harsh environmental conditions.

Recent Developments:

  • Kalen Pharma, in March 2020, revealed the launch of its brand-new product Jublia in Hong Kong.
  • Moberg Pharma AB, in February 2019, got into a mutual contract with Bayer AG, particularly for the distribution, selling, and marketing of the product MOB-015.

Dermatophytosis Treatment Market: Report Scope

Report Attributes Report Details
Report Name Dermatophytosis Treatment Market Research Report
Market Size in 2023 USD 8.80 Billion
Market Forecast in 2032 USD 13.38 Billion
Growth Rate CAGR of 4.73%
Number of Pages 223
Key Companies Covered Abbott, GSK, Astellas Pharma, Bayer, Enzon Pharmaceuticals, Merck, Sanofi-Aventis, Pfizer, Novartis, Perrigo Company Plc., Valeant Pharmaceuticals International Inc., NB Therapeutics Inc., Sun Pharmaceutical Industries Limited, AmDerma Pharmaceuticals, Tinea Pharmaceuticals, and Quinnova Pharmaceuticals Inc..
Segments Covered By Distribution Channel, By Type, By Route Of Administration, By Product Type, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Dermatophytosis Treatment Market: Regional Analysis

North America to lead the global market share during the coming period

North America accounts for the largest share of the global dermatophytosis treatment market. It is expected to swipe around 13.98% of the total market volume during the forecast period. The fast-growing healthcare sector is one of the major factors driving the growth of the regional market. Additionally, the fast-surging trend of owning pets increases the chances of fungal infections in the human body. An increase in health expenses and the presence of effective & advanced treatments in the region are further anticipated to boost the growth of the regional market in the forthcoming years. The increasing outpatient visit and high hospitalization rates are also likely to foster developments in the regional markets. Moreover, technological developments and innovations are paving the way for the positive growth trajectory of the regional market in the forthcoming years.

Asia Pacific is also expected to witness steady growth during the forecast period due to the advancements in the health infrastructure in the region. Growing efforts of governments to lower the burden on national health infrastructure will also complement the growth trajectory of the regional market. The constantly growing geriatric population is further expected to support the market’s growth. The pharmaceutical sector is growing fast in the region. Additionally, the fast expansion of international pharmaceutical companies in the region is opening lucrative growth opportunities in the regional market. Growing urbanization is another major reason for the fast growth of the regional market. The pet adoption rate is constantly rising, consequently reading to more incidences of fungal infection in the region. Thereby fostering heavy demand for dermatophytosis treatment in the coming years.

Europe is expected to grow steadily in the coming years due to the presence of better health infrastructure and favorable reimbursement policies. The region is anticipated to witness huge growth prospects owing to the increasing investment and surging collaborations & acquisitions. The leading market players are coming up with product launches, and the prevalence of big retail pharmacies like Walgreens, Walmart, etc. The high patient awareness and growing cases of diabetes, cardiovascular diseases, various fungal infections, and others are further expected to propel the growth of the global dermatophytosis treatment industry.

Dermatophytosis Treatment Market: Competitive Analysis

The key players in the global dermatophytosis treatment market include:

  • Abbott
  • GSK
  • Astellas Pharma
  • Bayer
  • Enzon Pharmaceuticals
  • Merck
  • Sanofi-Aventis
  • Pfizer
  • Novartis
  • Perrigo Company Plc.
  • Valeant Pharmaceuticals International Inc.
  • NB Therapeutics Inc.
  • Sun Pharmaceutical Industries Limited
  • AmDerma Pharmaceuticals
  • Tinea Pharmaceuticals
  • Quinnova Pharmaceuticals Inc.

The global dermatophytosis treatment market is segmented as follows:

By Distribution Channel

  • Online Channels
  • Retail Pharmacies
  • Hospitals & Clinics
  • Others

By Type

  • Prescribed
  • Over-The-Counter

By Route Of Administration

  • Oral
  • Topical

By Product Type

  • Anti-Infective
  • Antifungal
  • Steroids
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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FrequentlyAsked Questions

Dermatophytosis is commonly known as ringworm, which is a fungal infection. Its common symptoms include nail discoloration, rashes, hair loss, broken hair, nail dystrophy, scaling, dryness of the infected area, redness, itching, and others. Keratin is an essential material present in the external layer of hair, nails, and skin.

Ringworm is a widely prevalent disease worldwide. However, there is high awareness among people regarding the symptoms and treatments of different bacterial and infectious diseases, which is the major reason for the growth of the global dermatophytosis treatment market. The fast development of advanced and novel treatment methods for dermatophytosis treatment will also help promote market growth.

The global dermatophytosis treatment market size was valued at USD 8.80 billion in 2023 and is anticipated to reach USD 13.38 billion during the forecast period.

The dermatophytosis treatment market is likely to grow with a CAGR of 4.73% between 2023-2030.

North America accounts for the largest share of the global dermatophytosis treatment market. It is expected to swipe around 13.98% of the total market volume during the forecast period. The fast-growing healthcare sector is one of the major factors driving the growth of the regional market. Additionally, the fast-surging trend of owning pets increases the chances of fungal infections in the human body.

The key players in the global dermatophytosis treatment market include Abbott, GSK, Astellas Pharma, Bayer, Enzon Pharmaceuticals, Merck, Sanofi-Aventis, Pfizer, Novartis, Perrigo Company Plc., Valeant Pharmaceuticals International, Inc., NB Therapeutics, Inc., Sun Pharmaceutical Industries Limited, AmDerma Pharmaceuticals, Tinea Pharmaceuticals, and Quinnova Pharmaceuticals, Inc.

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