Dermatophytosis, commonly known as ringworm, is a fungal infection of the skin, hair, or nails caused by dermatophytes. It leads to symptoms like redness, itching, and ring-shaped rashes, and spreads through direct contact with infected individuals or surfaces. The treatment typically involves the use of topical antifungal medications, such as clotrimazole or terbinafine, and in more severe cases, oral antifungal drugs such as itraconazole or fluconazole.
Sizing and Forecast
The dermatophytosis treatment market size has grown strongly in recent years. It will grow from $9.76 billion in 2023 to $10.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increased awareness, advancements in diagnostic techniques, environmental factors, antifungal resistance, population growth, immune compromised population.
The dermatophytosis treatment market size is expected to see strong growth in the next few years. It will grow to $13.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to technological innovations, research and development, changing demographics, regulatory environment, consumer preferences, global health concerns. Major trends in the forecast period include continued research and development, focus on personalized medicine, rising demand for topical therapies, emergence of novel therapies, shift towards natural remedies.
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Segmentation & Regional Insights
The dermatophytosis treatment market covered in this report is segmented –
1) By Type: Prescribed, Over The Counter
2) By Product Type: Anti-infective, Antifungal, Steroids, Other Product Types
3) By Route Of Administration: Oral, Topical
4) By End User: Hospital, Clinic, Other End Users
North America was the largest region in the dermatophytosis treatment market in 2023. The regions covered in the dermatophytosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing number of fungal infections among people globally is expected to propel the growth of the dermatophythosis treatment market going forward. A fungal infection is a health condition caused by the overgrowth of fungi on or inside the body, resulting in symptoms such as itching, redness, and discomfort. Fungal infections are increasing due to a combination of factors, including climate change, globalization, urbanization, and the growing population of immunocompromised individuals. Dermatophytosis treatment is used to treat fungal infections on the skin, hair, and nails caused by certain types of fungi, helping to relieve symptoms and stop the infection from spreading. For instance, in July 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based public health agency, fungal infection-related hospitalizations reached a total of 59,212 till 2021, with the rate of these hospitalizations increasing from 25.0 in 2020 to 26.8 in 2021 per 10,000 hospitalizations, with an average annual increase of 8.5%. The rising burden of fungal infections among people globally is expected to propel the growth of the dermatophythosis treatment market.
Key Industry Players
Major companies operating in the dermatophytosis treatment market are Pfizer Inc., Johnson & Johnson, Bayer AG, Novartis International AG, Abbott Laboratories, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., Mylan N.V., Astellas Pharma Inc., Valeant Pharmaceuticals International Inc., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Fougera Pharmaceuticals Inc., Galderma S.A., Dr. Reddy’s Laboratories Ltd., AmDerma Pharmaceuticals LLC, LEO Pharma A/S, Glenmark Pharmaceuticals Ltd., Taro Pharmaceutical Industries Ltd., Quinnova Pharmaceuticals Inc., Enzon Pharmaceuticals Inc.
The dermatophytosis treatment market report table of contents includes:
1. Executive Summary
2. Dermatophytosis Treatment Market Characteristics
3. Dermatophytosis Treatment Market Trends And Strategies
4. Dermatophytosis Treatment Market – Macro Economic Scenario
5. Global Dermatophytosis Treatment Market Size and Growth
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32. Global Dermatophytosis Treatment Market Competitive Benchmarking
33. Global Dermatophytosis Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dermatophytosis Treatment Market
35. Dermatophytosis Treatment Market Future Outlook and Potential Analysis
36. Appendix
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