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The tinea corporis treatment industry is being driven by the improving healthcare facilities and the increasing awareness regarding the treatment of fungal diseases. There is a significant demand for treatment procedures among patients. Another factor driving the market is the development of more and more specific treatment options for different types of infections. Moreover, the prevalence of combination therapies has accelerated the growth of the market as a whole. Furthermore, the over-the-counter availability of these treatment options is a key factor ensuring the expansion of the industry. Additionally, the age of social media and digital marketing is helping the market flourish by spreading awareness regarding various treatment options.
The growing investments by the key players operating in the pharmaceutical industry, such as GlaxoSmithKline plc (NYSE: GSK) and Glenmark, are expected to aid the market growth. For instance, in October 2019, Astellas Pharma Inc. announced that the company had invested around USD 13 million to fund an American startup that deals with innovation in gene and cell therapy. Furthermore, in January 2020, FDA approved Astellas’s supplemental New Drug Application (sNDA) for MYCAMINE, which made the treatment of Candidemia possible. Such developments are expected to have a positive influence on the market growth over the forecast period.
Market Analysis by Drug Class, Route of Administration, Distribution Channel, and Region:
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The major players in the global tinea corporis treatment market are GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, Bayer AG, Taro Pharmaceutical Industries Ltd., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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