Global Candidiasis Drugs Market 2019-2023 | Advances in Diagnosis of Antifungal-Resistant Pathogens to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)-- The global candidiasis drugs market is expected to post a CAGR close to 4% during the period 2019-2023, according to the latest market research report by Technavio.

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The global candidiasis drugs market is expected to post a CAGR of close to 4% during the period 2019-2023. (Graphic: Business Wire)

The signs and symptoms of candidiasis are very broad, and they also depend on the type of candidiasis infection. Therefore, to create awareness about the disease and treatment options and avoid delay in diagnosis, the CDC is providing information about candidiasis, and its causes, risk factors, transmission, diagnosis, and treatment. Furthermore, several organizations are providing free access to online health information to prevent various diseases and minimize the effects of ongoing health conditions, including candidiasis, Hence, the increase in the number of organizations and institutes that create awareness about candidiasis among people is expected to drive the growth of the global candidiasis drugs market during the forecast period.

As per Technavio, the advances in the diagnosis of antifungal-resistant pathogens will have a positive impact on the market and contribute to its growth significantly over the forecast period. This candidiasis drugs market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global candidiasis drugs market: Advances in diagnosis of antifungal-resistant pathogens

Although the currently available antifungal drugs are killing various species of candidiasis, some fungi can develop the ability to defend these drugs and can cause serious bloodstream infections in hospitalized patients. Hence, advanced technologies where the system uses a technology called matrix-assisted laser desorption/ionization (MALDI-TOF) mass spectrometry, in combination with the reference organism database. In this technique, microorganisms, which are cultured from patient samples are ionized by the laser to produce a spectrum of microorganisms, which are matching with the spectrum of reference microorganism database to identify the microorganisms. Such technologies are expected to improve the diagnosis further in coming years, which support the market growth during the forecast period through early confirmation of the disease for the treatment.

“Apart from the advances in the diagnosis of anti-fungal-resistant pathogens, the provision of special regulatory designations, the high-risk factors of candidiasis and strategic alliances are some other major factors boosting the growth of the global market,” says a senior analyst at Technavio.

Global candidiasis drugs market: Segmentation analysis

This market research report segments the global candidiasis drugs market by type (azoles, echinocandins, other drugs) and geographical regions (North America, Europe, Asia, and ROW).

The North American region led the market in 2018, followed by North America, APAC, South America, and MEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the rising awareness about diagnosis and management of invasive fungal infections.

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