Onychomycosis Treatment Market Analysis

Onychomycosis Treatment Market Analysis

The distal subungual onychomycosis segment dominated more than 68% of the market share in 2020. DSO represents the most common type of onychomycosis. It is also more common in smokers and in those who use shared bathing facilities and occlusive footwear.

The drug treatment segment accounted for USD 2.5 billion in 2020. The segment growth is high as the oral antifungal agents or drugs have been identified as the most suitable and first-line therapy for onychomycosis. The most commonly used oral drugs for the treatment of onychomycosis are itraconazole, terbinafine, griseofulvin, and ketoconazole. Also, the wide availability of these drugs in pharmacies further augments the industry growth.
 

Allylamine segment in the onychomycosis treatment market is projected to showcase 5.4% growth rate through 2027. Allylamines are the most commonly used form of drug class and effective in treating most forms of fungal infections. Naftin and Lamisil are the topical allylamines that are used for onychomycosis treatment. Increasing availability and usage of such drugs will influence the industry revenue in the coming years.
 

The hospital pharmacies distribution channel segment was valued at USD 2.4 billion in 2020 impelled by the higher hospital visits and the availability of medicines in hospital pharmacies. Also, revenue generated through hospital pharmacies is higher as the infected patients generally visit the nearby hospitals for consultation and doctors’ prescriptions.
 

North America onychomycosis treatment market captured 40% of revenue share in 2020 on account of the increasing awareness about onychomycosis infection and the availability of several treatment options in the region. Rising desire for better aesthetic appeal and hygiene also increases the demand for timely clinic visits and early detection of such infections. Effective treatment may reduce the rate of transmission and related morbidities.