Vaginal Fungi Infections Treatment Market Is Expected to Reach US$ 1,420.1 Million at a 5.3% CAGR By 2027
SEATTLE, April 14, 2021, (PHARMIWEB) — Global Vaginal Fungi Infections Treatment Market
Vaginal fungi infections, also known as candidiasis, is a common condition. Due to the increase in imbalance of bacterial and yeast changes, the fungal cells multiply, which may lead to vaginal fungal infection. Some of the symptoms of this infection are itching, swelling, whitish-gray and clumpy vaginal discharge, irritation, etc. The most common treatment for this infection are ointments or antifungal creams.
The global vaginal fungi infections treatment market is expected to be valued at US$ 987.2 million in 2020 and is expected to exhibit a CAGR of 5.3% during the forecast period (2020-2027).
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The outbreak of COVID-19 has adversely affected many countries due to the lockdown imposed by governments to prevent the spread of the virus. The pandemic has also hampered the production, development, and supply of drugs and other healthcare products, as well as the growth of the global vaginal fungi infections treatment market.
As a result, many orthopedic doctors were deployed to monitor patients suffering from coronavirus infection. Moreover, there has been an increase in the manufacture of medicines and research and development to treat such patients.
Increasing product launches and rising product approvals are expected to drive growth of the global vaginal fungi infections treatment market over the forecast period. For instance, in December 2016, Dr. Reddy’s Laboratories announced the launch of Nystatin and Triamcinolone Acetonide Cream, USP, in the U.S. market, approved by the Food & Drug Administration (FDA). It is the generic equivalent of Nystatin and Triamcinolone Acetonide Cream, USP 100,000 units/g- 0.1% manufactured by Taro Pharmaceuticals USA Inc.
Moreover, key players in the market are adopting various strategies, such as business expansion, to strengthen their market position, which, in turn, is expected to propel the global vaginal fungi infections treatment market growth. For instance, in June 2016, Valeant Canada, a subsidiary of Bausch Health Companies Inc. announced that it is expanding its manufacturing and export capacity in Canada.
Increasing adoption of alternative therapies is expected to hinder growth of the global vaginal fungi infections treatment market.
By Drug Type
By Route of Administration
By Distribution Channel
- Online Pharmacies
- Retail Pharmacies
- Hospital Pharmacies
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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North America is expected to witness substantial growth in the global vaginal fungi infection treatment market due to the increasing prevalence of recurrent vulvovaginal candidiasis in the region. According to The Lancet, an article published in August 2018, reports that there were 3,775 and 3,897 base case prevalence per 100,000 females in the U.S. and Canada respectively.
Key players operating in the global vaginal fungi infections treatment market are Bausch Health Companies Inc, Pfizer Inc., ANI Pharmaceuticals, Inc., Lupin Limited, Hikma Pharmaceuticals Plc., Mycovia Pharmaceuticals, Unique Pharmaceuticals, Glenmark Pharmaceuticals Limited, PEPTONIC medical AB, Dr. Reddy’s Laboratories, Aurobindo Pharma Limited, and SCYNEXIS, Inc.
In February 2019, Aurobindo Pharma Limited acquired commercial operations and certain supporting infrastructure of Apotex Inc. in five European countries.
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