Global Onychomycosis Treatment Market is poised for substantial growth, aiming to hit US$ 10,608.8 million by 2033 | FMI

The global onychomycosis treatment market is poised for substantial growth over the next decade, according to a recent market analysis conducted by FMI. The report projects the market to be valued at US$ 4,738.3 million in 2023, with an anticipated compound annual growth rate (CAGR) of 8.4% from 2023 to 2033. By the end of 2033, the market is expected to reach a value of US$ 10,608.8 million.

Onychomycosis, a fungal infection of the nails, has been increasingly prevalent worldwide. Factors such as the rising incidence of diabetes, which heightens the risk of nail fungal infection, have been significant contributors to the expansion of the onychomycosis treatment market. Additionally, the growing aging population, particularly susceptible to circulatory issues and with weakened immune systems, has fueled the demand for effective treatment options.

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Adults and millennials, due to lifestyle factors such as increased usage of public swimming pools and exposure to tight, dirty, or infected clothing, socks, and shoes, are also highly vulnerable to onychomycosis. This demographic trend further underscores the need for innovative treatment solutions to address the growing prevalence of this condition.

“We anticipate significant growth in the global onychomycosis treatment market over the coming years,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “As the incidence of nail fungal infections continues to rise, driven by factors such as diabetes prevalence and lifestyle habits, there is a pressing need for advanced treatment options. Our report provides insights into emerging trends and opportunities within the market, enabling stakeholders to make informed decisions and capitalize on this growing sector.”

FMI offers comprehensive market research and analysis services to businesses seeking to navigate the dynamic landscape of the healthcare industry. For more information on the latest trends and projections in the onychomycosis treatment market.

Top Highlights from the FMI’s Analysis of the Onychomycosis Treatment Market:

• The United States market in North America is leading the regional market, with an estimated market share of more than 26.5% in 2023.
• Germany has the leading market share in Europe. FMI has assessed that the value share of Germany is going to be more than 6% in 2023.
• The Japanese market gathered a market share of 3.8% in 2022.
• The Chinese and Indian markets are expected to register a CAGR of 13.2% and 10.8%, respectively, over the forecast period.
• The United Kingdom market is projected to expand at a CAGR of 6.7% from 2023 to 2033.
• Based on treatment, the drugs segment is anticipated to gain more than 59.4% market share in 2023.
• Under the end user, the institutional sales segment is projected to gain a value share of more than 61.2% in 2023.

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Key Companies Profiled:

• Teva Pharmaceutical Industries Ltd.
• Sanofi S.A.
• Medimetriks Pharmaceuticals, Inc.
• Galderma
• Johnson & Johnson
• Novartis AG
• Moberg Pharma AB
• Cardinal Health, Inc.
• Pfizer Inc.
• Almirall, S.A.
• Bayer AG
• Viatris Inc.
• GlaxoSmithKline plc
• Cipla Ltd.
• Dr. Reddy’s Laboratories Ltd

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Key Segments in The Global Onychomycosis Treatment Industry:

Treatment Type:

• Drugs
• Lasers
• Photodynamic Therapy

Disease Indication:

• Distal Subungual Onychomycosis
• White Superficial Onychomycosis
• Proximal Subungual Onychomycosis
• Candidal Onychomycosis
• Total Dystrophic Onychomycosis

Age Group:

• 0 to 18 Years
• 18 to 39 Years
• 40 to 64 Years
• 65 Years & Above

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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