|Onychomycosis Treatment Market: Growing Prevalence Globally and Expected Entry of New Therapies Shall Drive the Market at a 4.22% CAGR During the Study Period [2018-2030], Analyses DelveInsight|
|By: PR Newswire Association LLC. - 22 Jul 2021||Back to overview list
Moberg Pharma is developing MOB-015, which is believed to be the most successful therapy amongst all the other expected drug candidates and shall account for the highest Onychomycosis market revenue in the coming years
LAS VEGAS, July 22, 2021 /PRNewswire/ -- DelveInsight's "Onychomycosis Market" report provides a thorough comprehension of the Onychomycosis historical and forecasted epidemiology and the Onychomycosis market trends in the 7MM [the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan]. The Onychomycosis market report also proffers an analysis of the current Onychomycosis treatment algorithm/practice, market drivers, market barriers, and unmet medical needs.
Some of the necessary takeaways from the Onychomycosis Market Research Report
For further information on Market Impact by Therapies, visit: Onychomycosis Drugs Market Analysis
Onychomycosis is a fungal infection of the nail, causing discoloration and thickening of the affected nail plate. The disease is the most common nail infection worldwide.
DelveInsight estimates that the Onychomycosis prevalent population in the United States was found to be 36,500,979 cases in 2020, whereas the total prevalent cases in the 7MM was 82,830,728.
The Onychomycosis Market Analysis Report provides historical as well as forecasted epidemiological analysis segmented into:
Get a complete epidemiological segmentation breakdown @ Onychomycosis Epidemiological Analysis
Several Onychomycosis treatment options are available, including oral antifungals, topical antifungals, and devices. Oral antifungals have higher treatment cure rates and shorter treatment periods than topical treatments but have severe side effects such as hepatotoxicity and drug interactions. Topical treatments have less serious side effects but result in lower cure rates generally and much longer treatment regimens. Besides, new topical formulations are being investigated as faster-acting alternatives to the currently available topical treatments.
Currently, oral Terbinafine hydrochloride (Lamisil) is the most common treatment for Onychomycosis. It was approved by the US FDA and has been the mainstay with all its generic versions marketed since the patent expiry in 2007. Oral terbinafine is associated with safety issues, including drug interactions and liver damage.
A luliconazole 5% solution (Luconac R), which Pola Pharma and Sato Pharmaceutical developed, is an antifungal that belongs to the azole class. The other recently approved drug in Japan is NAILIN (fosravuconazole), currently marketed and manufactured by Sato Pharmaceutical Co., Ltd. This is the first new treatment for Onychomycosis that has improved bioavailability as compared to ravuconazole. In the process, Sato Pharma has attained the ability to provide externally and internally administered medicines as options for the Onychomycosis treatment.
Numerous attempts have been made to develop remedies for toenail fungus. Still, to date, the few products the FDA approved are currently dominating the Onychomycosis market are considered as a poor treatment option primarily for two significant reasons. Topical formulations deliver low cure rates and suboptimal efficacy. They cannot penetrate the nail plate to reach the infected nail bed in adequate concentrations to kill the fungus and may require debridement of the nail plate before application.
The complete cure rates are meager in the treatment modalities, and hepatotoxicity is a common side effect associated with prolonged usage. Onychomycosis patients must undertake periodic lab tests to ensure that their liver is functioning correctly while on the product. The numerous pharma players such as Moberg Pharma, Meiji Seika Pharma Co., Ltd., NovaBiotics, Hallux, and others have targeted this high unmet need to tap the Onychomycosis market and move forward towards overcoming the unmet needs.
The drug candidate MOB-015 by Moberg Pharma is a new topical treatment for Onychomycosis with fungicidal, keratolytic, and emollient properties. It is an internally developed topical formulation of terbinafine based on its experience from previously developed and commercialized OTC products for Onychomycosis.
Another candidate, ME1111, being developed by Meiji Seika Pharma Co., Ltd., is a topical formulation based on a novel class of compounds with a unique mode of action.
NP213 (Novexatin) by NovaBiotics is a unique compound for the treatment of Onychomycosis that addresses both the clinical and cosmetic issues associated with Onychomycosis. It rapidly kills fungi causative of nail infections by perturbing and lysing their outer membrane.
HTS-519 micro-insert being developed by Hallux, which can deliver high concentrations of terbinafine directly to the site of infection.
As many potential therapies are being investigated for Onychomycosis management, the treatment space will experience significant reconstitution during the forecast period of 2020-2030. Lack of awareness among the patient population leads to lower diagnosis and higher treatment duration, leading to low adherence. Improved safety and efficacy remain a major challenge, though emerging players have reported improved results. Currently approved therapies have very low mycological as well as clinical cure rates, thereby presenting the emerging players with a highly untapped market.
Scope of the Onychomycosis Market Insight Report
Request for a Webex demo of the report @ Onychomycosis Therapeutics Market
Table of Contents
Browse full report with detailed TOC with charts, figures, tables @ Onychomycosis Diagnostics Market Report
View Related Reports
DelveInsight's Onychomycosis - Epidemiology Forecast 2030 report delivers an in-depth understanding of the disease, historical, and forecasted epidemiology of Onychomycosis.
Onychomycosis Pipeline Insights, 2021 report by DelveInsight outlays comprehensive insights of present clinical development scenario and growth prospects across the Onychomycosis market. Notable companies such as Moberg Pharma, Polichem S.A., Mycovia Pharmaceuticals, Blueberry Therapeutics, NovaBiotics, Viamet, Meiji Seika Pharma, Hallux, Inc., Hexima, Kaken Pharmaceutical, Turn therapeutics, DX Discovery, and others are working on the therapies to improve Onychomycosis treatment scenario.
DelveInsight's Hyperopia Market Insights, Epidemiology and Market Forecast - 2030 report provides a detailed overview of the disease and a depth understanding of the historical, and forecasted epidemiology of Hyperopia. Key companies involved are Nevakar, and others for the development of Hyperopia therapies.
DelveInsight's "Chronic Pain Associated with Painful Diabetic Neuropathy Market Insights, Epidemiology, and Market Forecast-2030" report delivers an in-depth understanding, historical and forecasted epidemiology as well as the market trends in the 7MM.
DelveInsight's Eosinophilic Esophagitis Market Insights, Epidemiology and Market Forecast - 2030 report provides a detailed overview of the disease and a depth understanding of historical and forecasted epidemiology as well as the market trends in the 7MM. Key companies such as Dr Falk Pharma GmbH, Takeda, Regeneron Pharmaceuticals, Sanofi, Bristol-Myers Squibb, Ellodi Pharmaceuticals, AstraZeneca, and others are involved in developing Eosinophilic Esophagitis therapies.
DelveInsight's Acute Ocular Pain Market Insights, Epidemiology and Market Forecast - 2030 report provides a detailed overview of the disease and a depth understanding of historical and forecasted epidemiology as well as the market trends in the 7MM. Key companies such as Ocular Therapeutix, Kala Pharmaceuticals, Bausch & Lomb, Formosa Pharmaceuticals, and others are involved in developing Acute Ocular Pain therapies.
DelveInsight's Presbyopia Market Insights, Epidemiology, and Market Forecast - 2030 report provides a detailed overview of the disease and a depth understanding of historical and forecasted epidemiology as well as the market trends in the 7MM. Key companies such as Allergan (acquired by AbbVie), Eyenovia, Orasis Pharmaceuticals, Ocuphire Pharma, Novartis, Visus Therapeutics, and others are involved in developing Presbyopia therapies.
DelveInsight's Night Vision Disturbances Market Insights, Epidemiology and Market Forecast - 2030 report provides a detailed understanding of historical and forecasted epidemiology. Key companies involved are Ocuphire Pharma, and others for the development of Night Vision Disturbances therapies.
Browse Blog Posts
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance. It also provides Business Consulting Services with a credible market analysis that will help accelerate the business growth and overcome challenges with a practical approach.
Copyright 2021 PR Newswire Association LLC.
|Back to overview list|