According to the latest report by IMARC Group, titled “Onychomycosis Treatment Market: Global Industry Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the onychomycosis treatment market trends. The global onychomycosis treatment market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.37% during 2023-2028.
Onychomycosis refers to a fungal infection that causes discoloration, thickening, and separation of the nails. It can be treated through medications, laser therapy, and photodynamic therapies. Its treatment is usually given based on the type of fungus causing infection, the number of affected nails, and the severity of nail involvement.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Onychomycosis is a common nail disorder among senior citizens and athletes caused by organisms, such as dermatophytes, non-dermatophyte molds, and yeasts. This, in confluence with the rising geriatric population, which is highly prone to circulatory disorders and weakened immune system, is strengthening the market growth. Besides this, the increasing number of individuals who use occlusive footwear, shared bathing facilities, and public swimming pools is augmenting the risk of developing onychomycosis and catalyzing the demand for enhanced onychomycosis treatment. In addition to this, the development of water-soluble anti-fungal treatment solutions that can be administered orally is propelling the market growth.
Breakup by Disease Type:
- Distal Subungual Onychomycosis
- Proximal Subungual Onychomycosis
- White Superficial Onychomycosis
- Candidal Onychomycosis
- Others
Breakup by Treatment Type:
- Laser Therapy
- Photodynamic Therapy
- Drug Treatment
Breakup by Drug Class:
- Allylamine
- Azole
- Griseofulvin
- Others
Breakup by Distribution Channel:
- Hospitals and Clinics
- Online Stores
- Retail Pharmacies
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Bausch Health Companies Inc.
- Cipla Limited
- Dr. Reddy's Laboratories
- Galderma SA
- GlaxoSmithKline PLC
- Kaken Pharmaceutical Co. Ltd
- Lumenis Ltd
- Moberg Pharma AB
- Novartis AG
- Pfizer Inc
- The OTC Lab B.V.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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