Research Nester published a report titled “Ergosterol Synthesis Inhibitor Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global ergosterol synthesis inhibitors market in terms of market segmentation by drug type, route of administration, end-user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
ergosterol synthesis inhibitors market is anticipated to garner a
notable CAGR over the forecast period, i.e., 2021–2030. The market is segmented
on the basis of route of administration into topical, oral, and others. Out of
these, the topical segment is estimated to gain the largest share during the
forecast period owing to the easy availability, efficiency, and ease of application
in the form of powder or ointment. On the basis of end-user, the market is
segmented into pharmacy, hospitals, and others, out of which the pharmacy
segment is projected to witness notable growth as people prefer treating
infection using over-the-counter medications. Moreover, over-the-counter drugs
are cheaper, with little to no side effects, which is estimated to boost the
growth of the segment.
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The global
ergosterol synthesis inhibitors market is estimated to grow on the back
of increasing prevalence of fungal diseases, such as, jock itch, ringworm, tinea
infections, yeast infection, and dandruff, backed by the lack of sanitization
in various under developed and developing countries. According to a report
by the World Health Organization, only 45% of the total global population had
access to proper sanitation facilities, in 2017. 2 billion people are unable to
access these basic facilities, and 673 million people use open areas like open
sewage lines, bushes, and water bodies for defecation. Moreover, the market
is also anticipated to grow on the back of fast action of inhibitors on fungal infection,
as these inhibitors cease the biosynthesis of ergosterol compound, which kills
the fungi.
Regionally, the global ergosterol synthesis inhibitors
market is segmented into five major regions including North America, Europe,
Asia Pacific, Latin America and Middle East & Africa region. The market in
the Asia Pacific is projected to attain the largest share over the forecast
period, owing to the high incidence of fungal infections backed by lack of
sanitation in underdeveloped regions, along with hot and humid climate in
countries, including, India, Indonesia, and Thailand. In India, 5-10 out of
every 1,000 individuals suffered from some fungal infection, in 2019. This rate
was even higher for Thailand with 12-15 out of 1000 people suffering from some
kind of fungal disease. Similarly, the market in Latin America region is
also expected to grow notably over the forecast period, owing to the lack of
sanitation and poor cleanliness in the region.
Rising
Prevalence of Fungal Infections Likely to boost the Market Growth
Fungal Diseases are most common in damp
areas, such as toes, thighs, scalp, fingernails, and private parts, among
others. Fungus grows in hot and humid climate, which is why, tropical and
sub-tropical regions are worse affected by it. Additionally, lack of proper
hygiene is also responsible for fungal infections. Ergosterol synthesis inhibitors
are one of the most effective ways to treat the growth of fungus or protozoa,
as they hamper the chemical processes essential for the survival of fungus by
restricting the biosynthesis of ergosterol. The application of ergosterol synthesis
inhibitors treats the infection quickly, and successfully, which is
estimated to boost the market growth.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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However,
risk of side effects and toxicity is expected to operate as key restraint to
the growth of the market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global ergosterol
synthesis inhibitors market which includes company profiling of SCYNEXIS, Inc., Pfizer Inc., Novartis
AG, Kramer Laboratories, Inc., Abbott Laboratories, Bayer AG, GlaxoSmithKline
plc., Glenmark Pharmaceuticals Limited, Merck & Co., Inc. and Astellas
Pharma Inc. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global ergosterol synthesis inhibitors
market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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