Global Mycetoma Treatment Market is growing at a healthy CAGR of 4.90% of 2021 to 2028
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Global mycetoma treatment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a healthy CAGR of 4.90% in the above-mentioned research forecast period.
Mycetoma is a diseases which is caused by specific types of bacteria and fungi, who reside in soil and water. The bacteria might enter the body through a crack in the skin of the foot. This leads to a rise in infection, which may incur less pain but enervating masses of waste is formed under the skin that can eventually affect the underlying bone. Mycetoma is caused by the transmission of bacteria (actinomycetoma) or fungi (eumycetoma). The actual number of cases is likely substantially higher. According to the 2017 review of scientific articles between 1950 and 2017, around 17,607 cases have been reported.
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The increased prevalence of mycetoma, rise in geriatric population, increased count in research and development for novel therapies, number of government initiatives, investment by R&D in pharmaceutical companies, increased demand of antibiotics for Mycetoma Treatment are predicted to drive the market growth. However, the lack of health remuneration policies, rise in cost, lack of proper sanitation, side effects associated with the use of antibiotics is expected to hinder the market growth. The rise of emerging markets in developing countries, rise of untapped opportunities, upcoming healthcare clinics, use of laser treatment to remove boils are the opportunities which are projected to bolster the market growth. The lack of expertise, rise in product (antibiotic) recalls, and use of alternatives other than antibiotics are the challenges which can tamper the market growth.
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The mycetoma treatment market is segmented on the basis of type, antibiotic type, treatment type, route of administration, mode of purchase and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the mycetoma treatment market is segmented into actinomycetoma, eumycetoma.
- On the basis of antibiotic type, the mycetoma treatment market is segmented into Netilmicin-TS, Sulfonamides DDS (4,4 diaminodiphenyl-sulfone).
- On the basis of treatment type, the mycetoma treatment market is segmented into medication, supportive care .
- On the basis of route of administration, the mycetoma treatment market is segmented into oral, parenteral.
- On the basis of mode of purchase, the mycetoma treatment market is segmented into prescription and over the counter.
- On the basis of distribution channel, the mycetoma treatment market has also been segmented into hospital pharmacies, retail pharmacies, online pharmacies and others.
The major players covered in the mycetoma treatment market are Biochem Pharma, Zydus Cadila, GSK, Vernalis (R&D) Limited, IrisFarma, Sun Pharmaceutical Industries Ltd, Sanofi, Pfizer Inc, Galderma Laboratories, Mayne Pharma Group, Akorn, Mylan N.V., Johnson & Johnson Services, Inc, Medimetriks Pharmaceuticals, Inc , F-Hoffmann-La Roche among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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