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Global Tinea Corporis Treatment Market: By Drug Class: Antifungal, Steroids, Anti-Infectives; By Route of Administration: Topical, Oral; By Distribution Channel: Drug Stores, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Tinea Corporis Treatment Market Outlook
The global tinea corporis treatment market is being aided by the growing antifungal drugs market, which reached a value of about USD 16 billion in 2020. The antifungal drugs market is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach a value of approximately USD 19 billion by 2026.
Increasing Demand for Antifungals to Augment the Tinea Corporis Treatment Industry Growth
Based on drug class, the antifungal segment accounts for a significant share in the tinea corporis treatment industry. This can be attributed to their highly-effective nature. Moreover, they are the only viable option as far as the treatment of fungal diseases is concerned. Furthermore, a key reason for the dominance of the antifungal segment is the availability of numerous ways of using them. For instance, antifungal treatment is available in the form of drugs, creams, shampoos, and others. Additionally, the ease with which the customer can buy these antifungals plays a major role in the success of this segment.
North America to Provide Enhanced Growth Opportunities to the Tinea Corporis Treatment Industry
Region-wise, North America is expected to witness a robust growth over the forecast period owing to the new product innovations by companies in the region. Moreover, the producers are focusing more on the countries with high humidity levels owing to the higher ratio of occurrences of fungal infections in the region. Furthermore, greater awareness about fungal infections due to frequent medical conferences is a key factor in driving the market in the continent.
Tinea Corporis Treatment: Industry Definition and Segmentation
Tinea corporis, more commonly known as ringworm, is a fungal infection of the legs and arms. Tinea corporis often spreads to other infected sites. It causes inflammation and itching and may even cause pustules. Tinea corporis is treated with the use of antifungal medicines like terbinafine.
By drug class, the market is divided into:
- Antifungal
- Steroids
- Anti-Infectives
- Others
Based on route of administration, the industry can be segmented into:
- Topical
- Oral
The market is divided based on distribution channel into:
- Drug Stores
- Hospital Pharmacies
- Online
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Usage and Entry of New Products to Bolster the Growth of the Tinea Corporis Treatment Industry
The tinea corporis treatment industry is expected to enjoy a significant growth in the upcoming years owing to the increasing usage of the existing products as well as the entry of new and refined products. The rising incidences of fungal diseases worldwide are anticipated to drive the tinea corporis treatment industry. The pharmaceutical giants globally are shifting their focus towards developing nations of the world to run their operations of the tinea corporis treatment industry. This can be attributed to the flexible FDI policies in these regions with preferences of the customers leaning towards the maintenance of aesthetic appearance.
Over the forecast period, the increasing tendency of households to pet an animal is anticipated to cause a surge in the market growth rate owing to the increased risk of getting infected with fungal diseases in the presence of an animal.
Key Industry Players in the Global Tinea Corporis Treatment Market
The report gives a detailed analysis of the following key players in the global tinea corporis treatment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- GlaxoSmithKline plc
- Glenmark Pharmaceuticals Limited
- Bayer AG
- Taro Pharmaceutical Industries Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Tinea Corporis Treatment Market Analysis
8.1 Key Industry Highlights
8.2 Global Tinea Corporis Treatment Historical Market (2016-2020)
8.3 Global Tinea Corporis Treatment Market Forecast (2021-2026)
8.4 Global Tinea Corporis Treatment Market by Drug Class
8.4.1 Antifungal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Steroids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Anti-Infectives
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Others
8.5 Global Tinea Corporis Treatment Market by Route of Administration
8.5.1 Topical
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Oral
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Tinea Corporis Treatment Market by Distribution Channel
8.6.1 Drug Stores
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Hospital Pharmacies
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Online
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Others
8.7 Global Tinea Corporis Treatment Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 GlaxoSmithKline plc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Glenmark Pharmaceuticals Limited
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Bayer AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Taro Pharmaceutical Industries Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Tinea Corporis Treatment Market: Key Industry Highlights, 2016 and 2026
2. Global Tinea Corporis Treatment Historical Market: Breakup by Drug Class (USD Billion), 2016-2020
3. Global Tinea Corporis Treatment Market Forecast: Breakup by Drug Class (USD Billion), 2021-2026
4. Global Tinea Corporis Treatment Historical Market: Breakup by Route of Administration (USD Billion), 2016-2020
5. Global Tinea Corporis Treatment Market Forecast: Breakup by Route of Administration (USD Billion), 2021-2026
6. Global Tinea Corporis Treatment Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7. Global Tinea Corporis Treatment Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8. Global Tinea Corporis Treatment Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Tinea Corporis Treatment Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Tinea Corporis Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Tinea Corporis Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Tinea Corporis Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Tinea Corporis Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Tinea Corporis Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Tinea Corporis Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Tinea Corporis Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Tinea Corporis Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Tinea Corporis Treatment Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Tinea Corporis Treatment Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Tinea Corporis Treatment Market Structure
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