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Onychomycosis Treatment Market - Forecast (2022 - 2027)

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    Report

  • 131 Pages
  • March 2022
  • Region: Global
  • IndustryARC
  • ID: 5616360
The Onychomycosis Treatment Market size is estimated to reach $3.8 billion by 2027, growing at a CAGR of 5.5% during the forecast period 2022-2027. Onychomycosis is a fungal infection of the fingernails and toenails and is the most common nail infection in patients with athlete’s foot and genetic predisposition. The prevalence of onychomycosis is increasing with the growing incidences of diseases, such as peripheral vascular diseases, diabetes mellitus, and psoriasis. The rise in the adoption of laser technologies for the treatment of Distal Subungual Onychomycosis (DSO) in hospitals, growing awareness about onychomycosis therapeutics among dermatologists and podiatrists, increase in the adoption of drug therapies, and growing investment by the key players to develop high-quality therapies for the treatment of onychomycosis are the factors that are set to drive the growth of the Onychomycosis Treatment Market for the period 2022-2027.

Onychomycosis Treatment Market Report Coverage


The report: “Onychomycosis Treatment Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Onychomycosis Treatment Market.
  • By Disease Type: Distal Subungual Onychomycosis (DSO), Proximal Subungual Onychomycosis (PSO), White Superficial Onychomycosis (WSO), Candida Onychomycosis, and Others.
  • By Therapy Type: Laser Therapy, Photodynamic Therapy, and Drug Therapy.
  • By Distribution Channel: Hospitals and Clinics, Online Channels, Drug Stores, and Others.
  • By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways


Geographically, North America Onychomycosis Treatment Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2022-2027 owing to the growing adoption of drugs as first-line therapy for the treatment of onychomycosis.

The increase in the adoption of laser technologies for the treatment of DSO in hospitals is driving the Distal Subungual Onychomycosis (DSO) segment. However, the rise in the side effects associated with the treatment of onychomycosis is one of the major factors that is said to reduce the growth of the Onychomycosis Treatment Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Onychomycosis Treatment Market report.

Onychomycosis Treatment Market Segment Analysis-By Disease Type


The Onychomycosis Treatment Market based on the Disease Type can be further segmented into Distal Subungual Onychomycosis (DSO), Proximal Subungual Onychomycosis (PSO), White Superficial Onychomycosis (WSO), Candida Onychomycosis, and Others. The Distal Subungual Onychomycosis (DSO) segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.2% over the period 2022-2027. This growth is owing to the factors such as the increase in the adoption of laser technologies for the treatment of DSO in hospitals and growing awareness about the availability of various therapies for DSO among patients. The rise in the research and development activities to develop advanced products for the treatment of DSO nail infection is driving the growth of the Onychomycosis Treatment Market. The White Superficial Onychomycosis (WSO) segment held the second-largest share in 2020 owing to the factors such as the growing adoption of antifungal agents for the treatment of WSO and the rise in the prevalence of WSO in developed nations.

Onychomycosis Treatment Market Segment Analysis-By Therapy Type


The Onychomycosis Treatment Market based on the Therapy Type can be further segmented into Laser Therapy, Photodynamic Therapy, and Drug Therapy. The Drug Therapy segment held the largest share in 2020 owing to the factors such as the growing adoption of drugs as first-line therapy for the treatment of fungal infections in the nails and the rise in product launches. The rise in the investment by the key players to develop high-quality drugs for the treatment of fungal infections in the nails is driving the growth of the Onychomycosis Treatment Market. The Laser Therapy segment is estimated to be the fastest-growing segment with a CAGR of 6.4% over the period 2022-2027. This growth is owing to the factors such as the rise in the demand for laser therapy for the treatment of DSO in hospitals and the growing resistance to oral and topical antifungal agents.

Onychomycosis Treatment Market Segment Analysis-By Geography


The Onychomycosis Treatment Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 27% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing awareness about onychomycosis therapeutics among dermatologists and podiatrists and an increase in product launches by key players. The rise in the adoption of drugs as first-line therapy for the treatment of onychomycosis is driving the growth of the Onychomycosis Treatment Market. The Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2022-2027. The growth in this segment is owing to the factors such as the rise in the adoption of antifungal agents for the treatment of WSO and the growing investment by the key players to develop high-quality therapies for the treatment of onychomycosis.

Onychomycosis Treatment Market Drivers


A rise in the Adoption of Drug Therapies


Drug therapies are increasingly being adopted as first-line therapy for the treatment of fungal infections in the nails owing to the growing availability of drugs, such as itraconazole, griseofulvin, terbinafine, and ketoconazole. The key players are also increasing their investment to develop high-quality drugs for the treatment of fungal infections in the nails, which is one of the major factors driving the growth of the Onychomycosis Treatment Market.

Increase in Awareness about Onychomycosis Therapeutics among Dermatologists and Podiatrists


The rise in awareness about onychomycosis therapeutics among dermatologists and podiatrists owing to the growing prevalence of onychomycosis across the world has propelled the demand for laser therapies and photodynamic therapies in hospitals. Governments of various nations are also focusing on creating awareness about the availability of various therapies for the treatment of onychomycosis, which is further propelling the growth of the Onychomycosis Treatment Market.

Onychomycosis Treatment Market Challenges


The Rise in the Side Effects Associated with the Treatment of Onychomycosis


The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced drug therapies for the treatment of onychomycosis. However, the rise in the side effects associated with the treatment of onychomycosis is one of the major factors that is estimated to reduce the growth of the Onychomycosis Treatment Market.

Onychomycosis Treatment Market Competitive Landscape:


Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Onychomycosis Treatment Market. Key companies of this market are Novartis AG, Galderma, Mundipharma, Moberg Pharma, Cardinal Health, Inc, Teva Pharmaceutical Industries Ltd., Johnson & Johnson, TheOTCLab, Bayer AG, and GlaxoSmithKline plc among others.

Partnerships/Product Launches:


In October 2020, Mundipharma has launched the latest addition to its BETADINE ™ range of infectious disease therapies. This BETADINE™ EMTRIX™ fungal nail solutions effectively treats the onychomycosis and improves the nail appearance after regular application.

In April 2020, TheOTCLab has launched the FungeX range for innovative nail fungus treatments. The product was a unique and patented application and provides eight hours of treatment while patients suffering from onychomycosis were asleep.

In February 2019, Moberg Pharma has entered into a partnership with Bayer for marketing and selling MOB-015 in Europe. MOB-015 is a topical treatment of onychomycosis and is an internally developed topical formulation based on its experience.


This product will be delivered within 2 business days.

Table of Contents

1. Onychomycosis Treatment Market - Overview
1.1 Definitions and Scope
2. Onychomycosis Treatment Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Disease Type
2.3 Key trends by Distribution Channel
2.4 Key trends by Geography
3. Onychomycosis Treatment Market - Comparative Analysis
3.1 Product Benchmarking - Key Companies
3.2 Financial Analysis - Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis - Key Companies
3.5 Pricing Analysis
4. Onychomycosis Treatment Market Forces
4.1 Market Drivers
4.2 Market Constraints/Challenges
4.3 Porters five force model
4.3.1 Bargaining power of suppliers
4.3.2 Bargaining powers of customers
4.3.3 Threat of new entrants
4.3.4 Rivalry among existing players
4.3.5 Threat of substitutes
5. Onychomycosis Treatment Market - Strategic Analysis
5.1 Value Chain Analysis
5.2 Opportunities Analysis
5.3 Market Life Cycle
6. Onychomycosis Treatment Market - By Disease Type(Market Size -$Million/$Billion)
6.1 Distal Subungual Onychomycosis (DSO)
6.2 Proximal Subungual Onychomycosis (PSO)
6.3 White Superficial Onychomycosis (WSO)
6.4 Candida Onychomycosis
6.5 Others
7. Onychomycosis Treatment Market - By Therapy Type(Market Size -$Million/$Billion)
7.1 Laser Therapy
7.2 Photodynamic Therapy
7.3 Drug Therapy
8. Onychomycosis Treatment Market - By Distribution Channel(Market Size -$Million/$Billion)
8.1 Hospitals and Clinics
8.2 Online Channels
8.3 Drug Stores
8.4 Others
9. Onychomycosis Treatment Market - By Geography(Market Size -$Million/$Billion)
9.1 North America
9.1.1 U.S.
9.1.2 Mexico
9.1.3 Canada
9.2 Europe
9.2.1 U.K.
9.2.2 France
9.2.3 Germany
9.2.4 Italy
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Asia Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.3.5 Australia & New Zealand
9.3.6 Rest of Asia Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Rest of the World
9.5.1 Middle East
9.5.2 Africa
10. Onychomycosis Treatment Market - Entropy
11. Onychomycosis Treatment Market Company Analysis
11.1 Company 1
11.2 Company 2
11.3 Company 3
11.4 Company 4
11.5 Company 5
11.6 Company 6
11.7 Company 7
11.8 Company 8
11.9 Company 9
11.10 Company 10

Methodology

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