Dermatophytic Onychomycosis Treatment Market, By Product Type (Tablets(Rx, OTC)Mail Paints(Rx, OTC)), By Treatment (Oral, Topical), By End User (Hospitals, Clinics, Independent Pharmacies, Mail Order Pharmacies, Drug Stores), and by Regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Dec 2019

Code : CMI2053

Pages :210

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Challenges And Opportunities

Global Dermatophytic Onychomycosis Treatment Market: Drivers

Increasing prevalence of dermatophytic onychomycosis is a major factor boosting growth of the global dermatophytic onychomycosis treatment market over the forecast period. For instance, the study, ‘Dermatophytosis: Prevalence of Dermatophytes and Non-Dermatophyte Fungi from Patients Attending Arsho Advanced Medical Laboratory, Addis Ababa, Ethiopia’ published in the journal Dermatology Research and Practice in October 2018, demonstrated that the prevalence of dermatophytosis was 66.98% in Ethiopia.

Moreover, increasing prevalence of psoriasis is also expected to boost the market growth. For instance, the study, ‘The prevalence and etiological factors of onychomycosis in psoriatic patients’, published in the journal Advances in Dermatology and Allergology in April 2018, demonstrated a relatively high prevalence of onychomycosis in patients with psoriasis.

Global Dermatophytic Onychomycosis Treatment Market: Restraints

Antifungal drugs used in the treatment of dermatophytic onychomycosis have certain side effects such as headache, dizziness, nausea, and stomach ache. Moreover, the topical agents also cause rash and itchiness in the surrounding skin. These side effects are expected to hamper growth of the global dermatophytic onychomycosis treatment market.

Moreover, availability of alternative treatment options such as Vicks Vapour Listerine and tea tree oil for the treatment of nail infections is also expected to hinder the market growth.

Global Dermatophytic Onychomycosis Treatment Market: Opportunities

The identification of the infectious agent in onychomycosis, at least at the genus level, plays major role in the treatment prescription for dermatophytic onychomycosis. Key players in the market can focus on development of dermatophyte strip tests for rapid detection and diagnosis of the disease.

Increasing geriatric population is also expected to offer lucrative growth opportunities for players in the global dermatophytic onychomycosis treatment market. Toenail onychomycosis is common in people aged 60 and above. According to the World Health Organization, the proportion of the world's population over 60 years was 12% in 2015 and is expected to reach 22% in 2050.