Dermatophytosis Treatment Global Market Report 2024

The dermatophytosis treatment market size has grown strongly in recent years. It will grow from $9.76 billion in 2023 to $10.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increased awareness, advancements in diagnostic techniques, environmental factors, antifungal resistance, population growth, and an immune-compromised population.

The dermatophytosis treatment market size is expected to see strong growth in the next few years. It will grow to $13.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to technological innovations, research and development efforts, changing demographics, the regulatory environment, consumer preferences, and global health concerns. Major trends in the forecast period include continued research and development, a focus on personalized medicine, rising demand for topical therapies, the emergence of novel therapies, and a shift towards natural remedies.

The growing incidence of fungal infections worldwide is expected to drive the expansion of the dermatophytosis treatment market in the future. Fungal infections are caused by an overgrowth of fungi on or inside the body, leading to symptoms such as itching, redness, and discomfort. The increase in fungal infections is attributed to factors such as climate change, globalization, urbanization, and a rising population of immunocompromised individuals. Dermatophytosis treatment involves addressing fungal infections on the skin, hair, and nails caused by specific fungi, aiming to alleviate symptoms and prevent the infection from spreading. For example, in July 2023, the Centers for Disease Control and Prevention (CDC) reported that fungal infection-related hospitalizations totaled 59,212 until 2021, with the hospitalization rate rising from 25 in 2020 to 26.8 in 2021 per 10,000 hospitalizations, showing an average annual increase of 8.5%. The escalating burden of fungal infections globally is expected to boost the growth of the dermatophytosis treatment market.

Leading companies in the dermatophytosis treatment market are concentrating on developing topical treatments such as powders and creams to enhance treatment effectiveness and improve patient satisfaction, addressing the evolving market demands. Powders and creams for dermatophytosis are designed to alleviate itching, absorb moisture, inhibit fungal growth, promote healing, and prevent further infection spread. For instance, in May 2022, Bayer launched Canesten powder and cream, providing relief from various fungal skin infections such as ringworm, jock itch, skin candidiasis, athlete's foot, erythrasma, and fungal nail infections. This product offers five times more relief than ordinary talcum powder, alleviating prickly heat, redness, skin irritation, itching, and fungal infections.

In March 2022, Advent International acquired the pharmaceuticals business of Perrigo Company plc, aiming to expand its healthcare presence and leverage Perrigo's expertise in fungal infection treatment products to drive growth and diversification. Perrigo Company plc, based in Ireland, specializes in providing fungal infection treatment products, including those for ringworm or dermatophytosis.

Major companies operating in the dermatophytosis treatment market are Pfizer Inc., Johnson & Johnson, Bayer AG, Novartis International AG, Abbott Laboratories, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., Mylan N.V., Astellas Pharma Inc., Valeant Pharmaceuticals International Inc., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Fougera Pharmaceuticals Inc., Galderma S.A., Dr. Reddy's Laboratories Ltd., AmDerma Pharmaceuticals LLC, LEO Pharma A/S, Glenmark Pharmaceuticals Ltd., Taro Pharmaceutical Industries Ltd., Quinnova Pharmaceuticals Inc., Enzon Pharmaceuticals Inc.

North America was the largest region in the dermatophytosis treatment market in 2023. The regions covered in the dermatophytosis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the dermatophytosis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Dermatophytosis, commonly known as ringworm, is a fungal infection of the skin, hair, or nails caused by dermatophytes. It presents symptoms such as redness, itching, and ring-shaped rashes, spreading through direct contact with infected individuals or surfaces. Treatment typically involves topical antifungal medications such as clotrimazole or terbinafine, and in severe cases, oral antifungal drugs such as itraconazole or fluconazole.

The main types of dermatophytosis treatment include prescribed and over-the-counter options. Anti-infective products combat infectious organisms such as bacteria, viruses, fungi, and parasites. These products are categorized as anti-infective, antifungal, steroid, and others, administered orally or topically by end users such as hospitals and clinics.

The dermatophythosis treatment market research report is one of a series of new reports that provides dermatophythosis treatment market statistics, including dermatophythosis treatment industry global market size, regional shares, competitors with a dermatophythosis treatment market share, detailed dermatophythosis treatment market segments, market trends and opportunities, and any further data you may need to thrive in the dermatophythosis treatment industry. This dermatophythosis treatment market research report delivers a complete perspective.

The dermatophytosis treatment market consists of revenues earned by entities by providing services such as patient education programs, telemedicine consultations, home delivery of medications, dermatology specialist referrals, laboratory testing services, follow-up care, preventive healthcare initiatives. The market value includes the value of related goods sold by the service provider or included within the service offering. The dermatophytosis treatment market also includes sales of medicated shampoos, antifungal creams, prescription lotions, therapeutic powders, herbal remedies, fungal nail treatments, antifungal sprays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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