PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358084
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358084
The global anti fungal drugs market is estimated to be valued at US$ 14.0 billion in 2023 and is expected to exhibit a CAGR of 3.5% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 14.0 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.50% | 2030 Value Projection: | US$ 17.8 Bn |
An antifungal agent is a drug that selectively eliminates fungal pathogens from a host with minimal toxicity to the host. Antifungal medicines treat fungal infections. Fungus in the soil, air, and on the skin can cause yeast infections, ringworm, and nail and skin infections. Breathing in fungal spores can lead to respiratory illnesses. Fungal infections can affect the circulatory system, respiratory system, and the skin and nails. Antifungal medicines can kill a fungus. Or they may stop it from multiplying or growing. There are several classes of antifungal medications and different types of medicines. Common fungal infections treated with anti-fungal medication include ringworm, athlete's foot, fungal nail infection, vaginal thrush, severe type of dandruff, and others. Antifungal drugs can work in two ways: by directly killing fungal cells or by preventing fungal cells from growing and thriving. Antifungal drugs target structures or functions that are necessary in fungal cells but not in human cells, so they can fight a fungal infection without damaging the body's cells. Two structures that are commonly targeted are the fungal cell membrane and the fungal cell wall. Both of these structures surround and protect the fungal cell. When either one becomes compromised, the fungal cell can burst open and die.
Increasing product launches by the key players in the market are expected to drive the growth of the global anti fungal drugs market over the forecast period. For instance, in April 2022, Dr. Reddy's Laboratories, a pharmaceutical company, announced the launch of the Posaconazole delayed-release tablets in the U.S. market. Posaconazole is used to prevent certain fungal infections in patients who have severely weakened immune systems (such as patients who have had chemotherapy). It belongs to a class of drugs known as azole antifungals. It works by stopping the growth of fungi.