Candidiasis Therapeutics Market to Grow with a CAGR of 6.29% through 2028
Increase in the incidence of candidiasis and increase
in the Telemedicine and Remote Monitoring is expected to drive the Global Candidiasis
Therapeutics Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Candidiasis
Therapeutics Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Candidiasis Therapeutics
Market stood at USD 1.51 billion in 2022 and is anticipated to grow with a CAGR
of 6.29% in the forecast period, 2024-2028. The awareness among individuals
regarding Candidiasis Therapeutics has led to favorable market conditions for
the global Candidiasis Therapeutics market. Several factors contribute to the
growth of various Candidiasis Therapeutics products.
The growing awareness about Candidiasis affects
individuals of all ages, from neonates to the elderly. The infection can
manifest in various forms, including oral thrush, vaginal candidiasis,
esophageal candidiasis, and invasive candidiasis. It is particularly prevalent
in immunocompromised individuals, such as those with HIV/AIDS, cancer patients
undergoing chemotherapy, and organ transplant recipients. Additionally, the
overuse of antibiotics has contributed to the rise in candidiasis cases.
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The integration of telemedicine and remote monitoring
has also streamlined the diagnosis and treatment of candidiasis. Patients can
now access medical consultations and receive treatment recommendations from the
comfort of their homes. This has not only improved patient outcomes but also
increased the overall efficiency of healthcare delivery, which will further
fuel market growth.
On July 20, 2023, Astellas announced that it has
received a breakthrough therapy designation from the US Food and Drug
Administration (FDA) for its new drug asfotase alfa for the treatment of
hypophosphatasia. Hypophosphatasia is a rare genetic disorder that affects the
bones and teeth. Asfotase alfa is a new enzyme replacement therapy that is
active against hypophosphatasia.
Globalization has fostered collaboration among
researchers and healthcare professionals worldwide. This cross-border exchange
of knowledge has accelerated the development of candidiasis therapies.
Scientists from diverse backgrounds are pooling their expertise to find
innovative solutions to combat this stubborn infection, and growing awareness
of the benefits of Candidiasis Therapeutics are expected to positively impact
the global Candidiasis Therapeutics market.
In today's fast-paced world, Candidiasis therapeutics
provide rapid relief from the uncomfortable and often painful symptoms of
fungal infections. In a fast-paced world, people cannot afford to be sidelined
by the discomfort of candidiasis, and effective treatments help them get back
to their daily routines quickly. Candidiasis therapeutics are designed to be
easy to administer, often as oral medications or topical treatments. This
minimizes disruption to a person's daily life, allowing them to continue with
their work, family responsibilities, and other activities without significant
interruption. Candidiasis, if left untreated, can lead to severe complications,
especially in immunocompromised individuals. Candidiasis therapeutics prevent
the progression of the infection, reducing the risk of complications and the
need for extended medical care. For individuals in the workforce, candidiasis
can be a hindrance to productivity. The availability of effective therapeutics
means fewer sick days and more time spent on work and personal
responsibilities.
The rise of telemedicine and digital health solutions
enables patients to access healthcare professionals remotely. Candidiasis can
be diagnosed and treated via telemedicine, offering convenience and speed in
seeking medical advice and prescriptions.
In recent times, The era of precision medicine has
reached candidiasis treatment. Genetic testing and molecular diagnostics are
increasingly used to determine the genetic profile of the infecting Candida
strain. This information helps healthcare providers select the most appropriate
antifungal medication, improving treatment efficacy. In cases of severe
candidiasis or when dealing with resistant strains, combination therapies have
gained prominence. Two or more antifungal drugs may be used simultaneously or
sequentially to enhance treatment outcomes and prevent the development of
resistance. The trend towards outpatient care is more prominent in recent
times. Many candidiasis cases, especially mild or uncomplicated infections, can
be effectively managed without the need for hospitalization. This approach
aligns with the growing emphasis on patient convenience and cost-effectiveness.
However, Understanding Antifungal Resistance may hinder market growth.
Moreover, challenges related to Complexity of Candidiasis Diagnosis and Affordability
and Accessibility may pose obstacles to the candidiasis therapeutics market in
the near future.
The Global Candidiasis Therapeutics Market is
segmented into type, application, source, form, distribution channel, regional
distribution, and company.
Based on its Route of Administration, the Oral
medications are generally more straightforward to administer compared to other
routes, such as intravenous or intramuscular. Patients can take oral antifungal
drugs with a glass of water, making it a convenient choice for both healthcare
providers and patients. Oral medications are often preferred because they tend
to have higher patient compliance rates. Patients are more likely to adhere to
treatment regimens when they involve simple oral dosing. This is crucial for
the effective management of candidiasis, which often requires a prolonged
course of treatment. Oral antifungal therapy allows for outpatient treatment,
reducing the need for hospitalization. This is particularly important for
candidiasis patients who have milder or uncomplicated infections. Outpatient
treatment is cost-effective and less disruptive to patients' daily lives. Oral
medications are more widely accessible, even in remote or resource-limited
areas. This accessibility ensures that a larger portion of the population can
access treatment for candidiasis, contributing to the dominance of the oral
segment in the market. The oral segment offers a wide variety of drug
formulations, including tablets, capsules, and liquid suspensions. This variety
allows healthcare providers to select the most suitable form for individual
patients, taking into consideration factors such as age, swallowing ability,
and preference.
Based on region, North America segment is expected to
grow during the forecast period. North America, including the United
States and Mexico, has well-established healthcare infrastructure, high
prevalence of candidiasis in various forms, and significant investments in
research and development. The U.S. has a substantial market share due to its
advanced healthcare facilities, widespread access to antifungal treatments, and
a large patient population. The North American region experiences a consistent
demand for candidiasis therapeutics due to its aging population, high rates of
immunocompromised patients, and the presence of major pharmaceutical companies
engaged in antifungal drug development. Additionally, increased awareness and
early diagnosis contribute to market growth.
The Asia-Pacific region, including countries like
China and India, is experiencing rapid growth in the candidiasis therapeutics
market. This growth is driven by factors such as a large and aging population,
rising awareness of fungal infections, and improvements in healthcare
infrastructure. As these countries continue to develop their healthcare
systems, access to candidiasis treatment options is expanding. The Asia-Pacific
region has seen a surge in immunocompromised patients due to conditions like HIV/AIDS
and an increase in organ transplant procedures. This has led to a higher
incidence of candidiasis. Additionally, pharmaceutical companies are
increasingly focusing on this region, conducting clinical trials and
introducing antifungal medications, contributing to its status as the
fastest-growing market.
Major companies operating in
Global Candidiasis Therapeutics Market are:
- Glanbia Plc
- Pfizer Inc.
- Bayer AG
- Amway Corp.
- GlaxoSmithKline plc.
- Good Health New Zealand
- The Nature's Bounty Co.
- NOW Foods
- Abbott
- Herbalife Nutrition
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“The Technological Advancements in Diagnosis and
increasing Access to Treatment Worldwide are key drivers of the Candidiasis
therapeutics market. In recent years, This rising incidence of candidiasis has
a direct impact on the pharmaceutical industry. As the infection becomes more
widespread, the demand for effective therapeutics and treatments also grows.
Moreover, the growing consumer emphasis on preventative healthcare products has
enhanced production and marketing efforts. To meet the demands of the market,
manufacturers are increasingly incorporating cutting-edge technologies with
high production efficiency. Rising consumer acceptance and continuous product
innovation will further ensure the growth of the vitamins and supplements
market in the coming years.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Candidiasis Therapeutics Market – Global Industry
Size, Share, Trends, Opportunity, & Forecast 2018-2028 Segmented By Route
of Administration (Injection, Ointment, Oral), By Drug Type (Polyene, Azole,
Echinocandin, Other), By Anatomy Type (Oral Candidiasis, Vulvovaginal
Candidiasis, Cutaneous Candidiasis, Invasive Candidiasis, Systemic
Candidiasis), By End-User (Hospitals and Clinics, Retail Pharmacies, Other), By
Region, Competition”, has evaluated the future growth potential of Global
Candidiasis Therapeutics Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Candidiasis
Therapeutics Market.
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