The Rising Prevalence Of Candidiasis Infection To Boost The Candidiasis Market Growth

Candidiasis Market
Candidiasis Market

The Candidiasis Market by Route of Administration (Injection, Ointment, and Oral), Drug Type (Polyene, Azole, Echinocandin, and Other Drug Types), Anatomy Type (Oral Candidiasis, Vulvovaginal Candidiasis, Cutaneous Candidiasis, Invasive Candidiasis, and Systemic Candidiasis), End-users (Hospitals and Clinics, Retail Pharmacies, and Other End-users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

The global Candidiasis Market is estimated to be valued at reach US$ 986.5 million in 2021 and is expected to exhibit a CAGR of 4.39 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Candidiasis is a fungal inflammation caused by a yeast known as Candida. Few classes of Candida can led to inflammation in individuals; the most frequent infection is Candida albicans. Candida usually stays on the dermis and in the body, such as the throat, mouth, skin, and vagina, without leading to any difficulty.. Candida can lead to inflammation if it grows out of control or if it goes deep inside the body.

Competitive Landscape:

Key players involved in the growth of the global Candidiasis Market are SCYNEXIS, Inc., Mycovia Pharmaceuticals, Inc., Basilea Pharmaceutica Ltd, Pfizer Inc, Astellas Pharma Inc., NovaDigm Therapeutics, and Viatris Inc.

Market Key Drivers:

The rising prevalence of Candidiasis infection is expected to augment the growth of global Candidiasis for Market. For instance, as per report by Nature in June 2021, there have been 2,739casese per 100,000 individuals suffering from vulvovaginal candidiasis in Zimbabwe.

The rising cases of vaginitis is projected to propel the growth of the global Candidiasis for Market. For instance, as per PLOS One in April 2022 vaginitis was known to affect 30% of vulvovaginal patients.

Covid-19 Impact Analysis:

The Covi-19 outbreak had adversely affected the growth of global Candidiasis Market mostly in the initial stage of pandemic owing to the strict imposition of lockdown and shutdowns, worldwide trade was affected severely, and the supply chain of pharma was interrupted, which impeded the sales of candidiasis drugs and treatment.

Key Takeaways:

The global candidiasis for market is anticipated to exhibit a CAGR of 4.39 % during the forecast period due to rising R&D for the expansion of treatment for the RVV or VVC. For instance, in February 2021, SCYNEXIS, Inc., collaborated with Amplity Health, to introduce Brexafemme in the U.S. for the treatment of vaginal yeast infection.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Candidiasis Market due to rising prevalence of RVV or VCC, increasing R&D, quick approvals and product launches. For instance, as per PubMed, out of 12.3 million women in the IBM MarketScan database 149,934 women were diagnosed with VVC in U.S.

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