The Europe Antifungal Drugs Market is estimated at $3.16 billion in 2016 and projected to grow with CAGR of 3.4% reaching $3.73 billion by 2021
Hyderabad, India -- (SBWIRE) -- 03/13/2018 -- Antifungal drugs are accustomed to counter fungus infections ensuing because of soggy, unhygienic, and unclean environments in which microscopic organisms like fungus thrive. Fungi multiply by spreading microscopic spores. The latter either infect the surface of the body like the skin or when inhaled and later resulting in fungal infections. fungal infections will damage superficial moreover as general regions of the body, like the eye, skin, mouth, and vagina.
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The Europe Antifungal Drugs Market is estimated to have a value of USD 3.16 billion in 2016. With a CAGR of 3.4%, the market size is expected to grow rapidly to cross USD 3.73 billion by 2021.
The increasing incidences of fungal infections in this region and rising popularity and adoption of antifungal products are the major factors driving the growth in this market.
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Among the drug classifications, azole occupied about 38% of the entire market share in 2016. This is the biggest share amongst all classifications and is predicted to follow this trend throughout the forecast period. The trend is happening because of rising awareness concerning drug accessibility and fungal infections.
Dermatophytosis holds the largest share because of rising incidence of skin infections in younger generations. Rising prevalence of longer-life fungal infections is anticipated to fuel the demand over the forecast period. However, the foremost usually occurring fungal infection is systemic candidiasis, that is predicted to exhibit the highest CAGR over the forecast period.
As of now, Europe with its growing technological advancements and growing awareness concerning fungal infections commandeered the second largest share of the global market share. This can be attributed to factors such as high concentration of key players situated in that region, especially in Germany.
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The major market contributors for the Europe Antifungal Drugs Market are Alternaria, Pfizer, Novartis, Sanofi-Aventis, Merck & Co., Asperqillus, Kramer Laboratories, Bayer Healthcare, Enzon Pharmaceuticals, Glaxosmithkline Gilead and Abbott Laboratories
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