Mucormycosis Market – Overview

The rise in the causative factor for mucormycosis and poor detection rate has contributed to the development of the Mucormycosis Market. Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is expected to garner a CAGR of 7.3% approx, in the upcoming period.

The declining overall health and well-being standards globally have induced the development of the mucormycosis market. Also, most of the population base affected by mucormycosis has a low immunity level and a limited tolerance level to the treatments that are subsequently administered. The market is expected to gain traction in the upcoming period due to the increasing incidence of immunological diseases around the world.

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Segmental Analysis

The segmental analysis of the mucormycosis is carried out on the basis of diagnosis, species, treatment, region, and end-users. Based on the species, the mucormycosis market is segmented into Rhizomucor, Rhizopus, Apophysomyces, Cunninghamella, Lichtheimia, Saksenaea, and Mucor, and others. Based on the diagnosis, the mucormycosis market is segmented into Magnetic resonance imaging (MRI), Computed Tomography (CT), tissue biopsy, and others. The segmentation of the mucormycosis market by treatment comprises of antifungal drugs, surgery, amphotericin B therapy, and others. The end-user segmentation of the mucormycosis market comprises of medical institutes, hospitals & clinics, research organization, and others. By regions, the mucormycosis market consists of Europe, the Americas, Asia Pacific, and the Middle East and Africa.

Detailed Regional Analysis     

The regional evaluation of the mucormycosis market covers regions namely Europe, the Americas, Asia Pacific, and the Middle East and Africa. The Americas region dominates the mucormycosis market due to a strong healthcare sector and the presence of an immense patient population for mucormycosis. Due to the scarcity of limited oral preparation in the market, the progress and licensing of new drugs in the market is a big opening for the advance of the market throughout the forecasted period. The European region is the subsequent major market for mucormycosis due to the development in the technology of surgical devices along with the increasing incidence of fungal infections among the patients. The rising percentage of diabetes mellitus population mostly in the developed countries of the European region is anticipated to open up new prospects for the mucormycosis market. The Asia Pacific region is the top mounting region for antifungal treatment owing to the growing prevalence of HIV and the presence of vast untapped growth chances for the expansion of the market.

Competitive Analysis

The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans. The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by fairly high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous state of affairs for the evolution of the market in the projected period.

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The significant competitors in the mucormycosis market are Biocon Limited (India),  Cadila Pharmaceuticals Limited (India), Novartis AG (Switerzland), Abbott Laboratories (U.S.), Myers Squibb (U.S.),  F. Hoffman La Roche (Switerzland),   Merck Sharp and Dohme (U.S.), Sanofi (France), Mylan Labs (U.S.), Johnson & Johnson (U.S.), Bristol Bayer AG (Germany), Lonza Group (Switerzland), Pfizer Inc. (U.S.), Gilead Sciences (U.S.), and others.

Market Research Future has added a report titled “Mucormycosis Market Research Report- Global Forecast till 2023” to its offering.

Market Scenario:

Mucormycosis (zygomycosis) is a serious but rare fungal infection caused by a group of molds called mucormycetes. Moreover, inhaling fungal spores from the air can affect the lungs and sinuses, the fungus also invades the skin through wounds such as cut, scrape, burn, or other type of skin trauma. There are approximately 1.5 million different species of fungi on the earth, however, only around 300 are responsible for causing diseases and infections in humans. Fungal infection may affect anyone, but they are most common in people with weakened immune systems and can occur in nearly any part of the body. Risk factors for developing mucormycosis include uncontrolled diabetes, cancer, organ transplant, neutropenia, skin trauma such as cuts, scrapes, punctures, or burns.  

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These infections need to be treated with prescribed antifungal medication, usually amphotericin B, posaconazole or isavuconazole. Amphotericin B, posaconazole, and isavuconazole are medications given intravenously. Furthermore, posaconazole and isavuconazole can also be administered orally. Often, mucormycosis requires surgery to remove the infected tissue.

The prognosis of mucormycosis is usually poor. It depends on various factors such as the overall health of the patient and ability to respond to treatments, the speed of diagnosis, and treatment provided. For instance, the mortality rate with rhinocerebral and GI mucormycosis is about 85% while the mortality rate for patients with other types of mucormycosis is about 50%. Patients who survive this infection often end up having disabilities such as blindness, limb loss, organ dysfunctions among others.

The market growth is mainly driven by increasing prevalence of fungal infections, availability of wide range of products, and rising incident of immunological diseases. Moreover, increasing awareness about fungal infection and increasing government support for research & development have fuelled the market growth. However, side effects of the treatment and presence of misbranded and spurious drugs may slow the growth of the market. There are a number of medicines available in the market for the treatment of fungal infections such as oral and intravenous medicines, creams, sprays, shampoos, solutions, and pessaries.

Rising incidence of immunological diseases and availability of a wide range of products has driven the growth of the global mucormycosis market. Furthermore, rising geriatric population, increasing government support, and increasing healthcare expenditure have fueled the growth of the market. However, side effects of the drugs and presence of misbranded drugs may hinder the growth of the market.

The global market for mucormycosis is expected to grow at a CAGR of approximately 7.3% during the forecast period, 2017-2023.

Key Players:

The Global Mucormycosis Market key players are Abbott Laboratories (U.S.), Biocon Limited (India),  Cadila Pharmaceuticals Limited (India), Novartis AG (Switerzland), F. Hoffman La Roche (Switerzland),   Merck Sharp and Dohme (U.S.), Mylan Labs (U.S.), Bristol Myers Squibb (U.S.),  Bayer AG (Germany), Lonza Group (Switerzland), Sanofi (France), Johnson & Johnson (U.S.), Pfizer Inc. (U.S.), Gilead Sciences (U.S.), and others

Segmentation:

The mucormycosis is segmented on the basis of species, diagnosis, treatment, and end-users.

On the basis of the species, the market is segmented into Rhizopus, Rhizomucor, Cunninghamella, Apophysomyces, Saksenaea, Lichtheimia (formerly Absidia), and Mucor, and others

On the basis of the diagnosis, the market is segmented into Computed Tomography (CT), Magnetic resonance imaging (MRI), tissue biopsy, and others.

On the basis of the treatment, the market is segmented into surgery, antifungal drugs, amphotericin B therapy, and others. The antifungal drugs is further categorized into posaconazole, isavuconazole, voriconazole, fluconazole, and flucytosine, and others.

On the basis of the end-user, the market is segmented into hospitals & clinics, medical institutes, research organization, and others.

Regional Analysis:                     

The Global Mucormycosis Market consists of countries namely the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas dominate the global mucormycosis market owing to a well-developed healthcare sector and huge patient population for mucormycosis. Many antifungal drugs have lost their patients during the last few years such as Terbinafine products like Lamisil lost their patient in 2017. As there is limited oral preparation in the market, development and licensing of new drugs in the market is the huge opportunity for the development of the market during the forecasted period.

Europe is the second largest market for the global mucormycosis owing to the advancements in the technology of the surgical devices along with the rising occurrence of fungal infections among the patients. The European government introduced incentives to help simplify the improvement of anti-infective drugs and dropping the risk and cost of manufacturers. Some other factors driving the market include the growing percentage of diabetes mellitus population mainly in the developed countries of Europe. The average diabetes prevalence rate in Europe is 8.6% of the adult population.

Asia Pacific is the fastest growing region for antifungal treatment due to increasing prevalence of HIV, and huge untapped growth opportunities for the development of the market. Every year, approximately 7.1% of the Korean population receives treatment for fungal diseases. Therefore, further research is needed to understand and monitor the prevalence of mycoses to establish management policies to reduce the burden of fungal diseases.

TABLE OF CONTENT

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Treatment Trends & Assessment

Chapter 5. Market Factor Analysis

… Continued!

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Pages: 120

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