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Middle East and Africa Anti-Fungal Agents Market Research Report- Forecast to 2027

Middle East and Africa Anti-Fungal Agents Market Information, by Therapeutic Indication (Aspergillosis, Dermatophytosis, Candidiasis and Others), Drug Class (Azoles, Pyrimidines, Echinocandins, Polyenes, Allylamines and Others) and Route of Administration (Oral, Local and Others) - Forecast to 2027

ID: MRFR/Pharma/1942-HCR | December 2022 | Region: Global | 84 Pages         

Middle East and Africa Anti-Fungal Agents Market

Middle East and Africa Anti-Fungal Agents Market to reach around USD 2.85 billion in the forecast period 2020-2027 at a CAGR of ~3.5%.

Segmentation

By Therapeutic Indication Aspergillosis Dermatophytosis Candidiasis
By Drug Class Azoles Pyrimidines Echinocandins Polyenes Allylamines
By Route of Administration Oral Local

Key Players

  • Novartis AG
  • Pfizer Inc.
  • Sanofi-Aventis
  • Merck & Co. Inc.
  • Enzon Pharmaceuticals Inc.
  • Bayer AG
  • Astellas Pharma Inc.
  • GlaxoSmithKline plc
  • Abbott
  • Sigma-Aldrich

Drivers

  • Rising prevalence of fungal infections
  • Rise of immunity deficient population such as geriatrics.
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Antifungal Agents Market Overview


The antifungal agents market will reach USD 2.85 billion and a CAGR of 3.5% in the forecast period by 2027.


The antifungal medication, called antimycotic medication, is a pharmaceutical fungicide for the treatment and prevention of mycoses like ringworm, candidiasis, cryptococcal meningitis, and others. There are antifungal drugs available to combat fungal infections. Antifungal drugs are diverse. They are given orally, with topical treatment, or via IV.


Antifungal agents are used for fungal infection treatment. According to the global action fund for fungal infection, over 300 billion suffer from a serious fungal infection every year.


The increased growth of the global antifungal market is due to the rise in cases of fungal and nosocomial infections. Additionally, the surge in initiatives by public and private organizations for awareness about fungal infections will expand the antifungal drugs market. Moreover, the growth of fungal infections such as aspergillosis and candidiasis is the key factor that propels the growth of the antifungal market.


The market drivers include rising concern of fungal infections, awareness, the rise of immunity deficient populations like geriatrics, exposure to infectious agents, and environmental factors such as pollution, particulates, and agriculture residues. The growth of fungal infection due to broad-spectrum antibiotics is another cause behind the growth of the antifungal agents market.


Middle East and Africa Anti-fungal Agents Market, by Product Type, 2015 (%):


 Anti-Fungal Agents Market Image


Study Objectives Middle East and Africa Anti-Fungal Agents Market:



  • To provide detail analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Middle East and Africa anti-fungal agents market

  • To provide insights about factors affecting the market growth

  • To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments for Middle East and Africa anti-fungal agents market

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by product type, by construction material, by end users and other sub segments.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.


Intended Audience



  • Anti-fungal agents Manufacturers

  • Anti-fungal agents Suppliers

  • Private Research Laboratories

  • Research and Development (R&D) Companies

  • Market Research and Consulting Service Providers

  • Government Research Laboratories

  • Contract Manufacturing Organizations


Key Players for Middle East and Africa Anti-fungal agents Market: Some of the key players in this market are: Novartis AG, Pfizer, Inc., Sanofi-Aventis, Merck & Co., Inc., Enzon Pharmaceuticals, Inc., Bayer AG, Astellas Pharma, Inc., GlaxoSmithKline plc, Abbott, Sigma-Aldrich and others.


Segments:


Middle East and Africa anti-fungal agents market has been segmented on the basis of therapeutic indication which comprises into aspergillosis, dermatophytosis, candidiasis and others. On the basis of drug class; market is segmented into azoles, pyrimidines, echinocandins, polyenes, allylamines, and others. On the basis of route of administration; market is segmented into oral, local and others.

Recent Development


In May 2022


SCYNEXIS, Inc., a global biotechnology company with pioneering innovative medicines to overcome and prevent drug-resistant infections, to present data from its ongoing FURI study of ibrexafungerp during the American College of Obstetricians and Gynecologists meeting being held in San Diego on May 6-8, 2022.


In May 2022


FDA Approves Vivjoa or Chronic Yeast Infections. It is the first FDA-approved trusted Source antifungal medication to treat yeast infection.


The FDA has approved the drug based on phase three clinical trials with 875 patients. Participants in one group received Vivjoa for an initial infection and then for 50 weeks as a maintenance medication. The second group received fluconazole, a traditional treatment for yeast infections, and a placebo for 50 weeks.


Regional Analysis of Middle East and Africa Anti-fungal agents Market:


UAE is the largest market for anti-fungal agents in entire Middle East and Africa anti-fungal agents Market closely followed by Egypt. The rest of Africa market is however the fastest growing with a huge unmet medical needs and peculiar climatic conditions that support growth of fungal infections.


The report for Middle East and Africa Anti-fungal agents Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 2.85 billion : 2027
  CAGR   3.5%: 2027
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Product Type, by Therapeutic Indication, Drug Class, Route of Administration
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Novartis AG, Pfizer, Inc., Sanofi-Aventis, Merck & Co., Inc., Enzon Pharmaceuticals, Inc., Bayer AG, Astellas Pharma, Inc., GlaxoSmithKline plc, Abbott, Sigma-Aldrich and others.
  Key Market Opportunities   new product developments, and research and developments globally.
  Key Market Drivers   rising concern of fungal infections, awareness


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Frequently Asked Questions (FAQ) :

The MEA anti-fungal agents market is projected grow at approximately 3.5% CAGR during the assessment period (2020-2027).

The valuation of the MEA anti-fungal agents market is estimated to increase to USD 2.85 billion by the end of 2027.

Pfizer, Inc., Novartis AG, Sanofi-Aventis, Enzon Pharmaceuticals, Inc., Merck & Co., Inc., Bayer AG, GlaxoSmithKline plc, Astellas Pharma, Inc., Abbott, and Sigma-Aldrich, are some of the major players operating in the MEA anti-fungal agents market. 

The UAE holds the largest share in the MEA anti-fungal agents market, followed by Egypt and the rest of Africa, respectively.

Growing awareness among populaces, rising prevalence of fungal infections, and off label use of broad spectrum antibiotics are the major tailwinds pushing the growth of the MEA anti-fungal agents market.