The dermatophytic onychomycosis therapeutics market is anticipated to expand in value at a CAGR of 7.6% over the forecast period, according to the most recent report from Persistence Market Research, “Dermatophytic Onychomycosis Therapeutics Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026.” Tinea guinea, also known as dermatophytic onychomycosis, can cause pain in individuals and may have a negative impact on their social and professional lives. Additionally, the infection may spread to nearby skin. Although the illness is not thought to be life-threatening, it may pose physical and occupational constraints, which is why an increasing number of people are choosing to have their infected, thick, and cracked nails treated. The market for treatments for dermatophytic onychomycosis is consequently expanding.
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Tablets and nail paints, which are further divided into prescription (Rx) and over-the-counter, make up the tablet and nail paint segments of the global market for treatments for dermatophytic onychomycosis. The market for treatments for dermatophytic onychomycosis is anticipated to grow at a CAGR of 8.1% over the course of the forecast period, with the nail paint category projected to provide the largest share. The global market for dermatophytic onychomycosis therapies has been divided into topical and oral treatment segments based on mode of administration. By 2026, the topical sector is expected to hold a about 70% share of the global market for treatments for dermatophytic onychomycosis, making it the dominating segment throughout the forecast period.
Increase in nail infection diagnoses has increased public knowledge of nail fungus infections and treatments for dermatophytic onychomycosis. In addition, dermatophytic onychomycosis therapies are becoming more widely known among podiatrists and dermatologists, which has increased demand for efficient drugs. However, side effects like headache, nausea, dizziness, and stomach discomfort linked to antifungal medications have made patients less confident about using a systemic therapy for nails. Additionally, the topical medications also make the skin around the affected area rashy and itchy. The acceptability of dermatophytic onychomycosis treatments for the treatment of mild to severe dermatophytic onychomycosis linked with anti-fungal therapeutics is being hampered by these side effects.
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Geographically, the market for therapies for dermatophytic onychomycosis is divided into five main areas: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA). Dermatophytic onychomycosis treatments were primarily sold in North America, and this tendency is anticipated to continue over the projected period. Therapeutics for dermatophytic onychomycosis are predicted to see the second-largest market share in Europe, after Asia Pacific. Over the course of the forecast period, North America and Europe are anticipated to hold over 60% of the global market for treatments for dermatophytic onychomycosis.
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