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Antifungal Agents Market to grow at a CAGR of 2.71%, Global Industry Trends, Size, Share, and Top Key Players: Asperqillus, Alternaria, Abbott, Pfizer, Glaxosmithkline, Bayer

Global Antifungal Agents Market Research Report Forecast provides top-level information as well as internal and external research on the components driving the market segment. A significant portion of the report contains irrefutable projections of the business as a whole and submarkets, subject to verifiable current circumstances. The global Antifungal Agents market was valued at 1116.22 Million USD in 2020 and will grow with a CAGR of 2.71% from 2020 to 2027, with reference to the industry players.

In addition, clear departmental information is presented within the Antifungal Agents market report, along with key profiles that guide organizations across different geographic areas. An important part of the report’s investigation is thinking about the impact of the coronavirus pandemic on business development design.

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Antifungal Agents Market

Diagnosis of mucormycosis in COVID-19 patients is expected to boost demand for antifungal agents, thereby propelling the growth of the antifungal agents market. For instance, an analysis of 300 black fungus patients’ cases prepared by a government ENT hospital in India, demonstrated that 86 percent of these patients had not been vaccinated against Covid-19 while six percent had received only one dose.

The emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the antifungal agents market. Globally, as of 9:50 am CEST, 20 September 2021, there have been 228,206,384 confirmed cases of COVID-19, including 4,687,066 deaths, reported to WHO. As of 15 September 2021, a total of 5,634,533,040 vaccine doses have been administered. In April 2021, research published in the British Journal of Pharmacology reported that antifungal itraconazole and the antidepressant fluoxetine can effectively inhibit the virus that causes COVID-19 in laboratory cells.

However, growing levels of resistance to antifungal treatments could lead to increased disease outbreaks and affect food security around the world. Such a scenario is expected to limit the growth of the antifungal agents market.

Major players operating in the antifungal agents market are focused on the approval and launch of new products to expand their product portfolio. For instance, in December 2020, Mycovia announced its plans to seek Food and Drug Administration approval of its first drug after the compound posted positive results in two late-stage clinical trials for recurrent vulvovaginal candidiasis. Similarly, in October 2020, Aleor Dermaceuticals received final approval from the US Food and Drug Administration for its abbreviated new drug application for anti-fungal Tavaborole Topical Solution, 5 percent.

Key Takeaways

  • The high prevalence of fungal infections is expected to boost demand for antifungal agents, thereby propelling the growth of the antifungal agents market
  • Major players operating in the antifungal agents market are focused on the approval and launch of new products to expand their product portfolio. For instance, in June 2021, SCYNEXIS, Inc. received the U.S. Food and Drug Administration approval for oral ibrexafungerp for the treatment of vulvovaginal candidiasis (VVC), also known as a vaginal yeast infection. Ibrexafungerp is an investigational antifungal agent and the first representative of a novel class of structurally distinct glucan synthase inhibitors, triterpenoids.
  • Major players operating in the antifungal agents market include Novartis, Sanofi-Aventis, Enzon, Gilead, Thermo Fisher Scientific, Basilea Pharmaceutica, Merck, Sato Pharmaceutical, Amplyx, Astellas Pharma, Sigma-Aldrich Corporation, Kramer Laboratories, Valeant Pharmaceuticals

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This report provides an understanding of the variables involved:

Understanding Business Segment Development: The report provides an extensive overview of what the top affecting players in the global Antifungal Agents market are offering.

New Item Sophistication: A report analyzing the most recent innovative event conversions, innovative work strategies, and item dispatches.

Intense On-Site Assessment: A thorough examination of the Antifungal Agents market system, geographic inclusion, and entry fragments of key players in the market.

Advancement of new business fields: A comprehensive manual for power generation business fields. In this report, different parts of the terrain are examined.

Market Expansion: A full overview of the developments and interests of the global Antifungal Agents market including new entries, undiscovered terrain, and ongoing patterns.

Critical Integrations into the Antifungal Agents Market Report:

  • Temporary and long-term impacts of the coronavirus pandemic on Antifungal Agents market development systems.
  • It is part of the main pattern of business.
  • This report provides income, volume, and trading insights.
  • Set development possibilities.
  • Market and submarket development forecasts.
  • Roundabouts and Direct Channels: Positive and Negative.
  • Sellers, dealers, and sellers are first on the list.
  • Each organization’s workforce size and organized space are essential subtleties.
  • Items and management are provided by important players on the border.
  • Information for each organization regarding its valuation model, trading volume, net income, work benefits, and parts of the overall industry.
  • Like any other business-related data, it is itemized data showing strategy, market focus, and commercialization rates.

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The attached inquiry has been thoroughly answered by our report:

  • Is market development being driven by various variables?
  • What factors are restraining market development?
  • How will the market move later?
  • What organizations are making great strides and what are the new enhancements to Antifungal Agents?
  • What major turnarounds can be expected in general over the next few years?
  • Is the Antifungal Agents market currently showing a companion pattern?

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Last Updated: 23-Sep-2021