LONDON–(BUSINESS WIRE)–#RareDiseases–Technavio’s latest report on the global
tinea pedis treatment market provides an analysis of the
most important trends expected to impact the market outlook from
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global
tinea pedis treatment market for 2017-2021 provides a detailed
industry analysis based on the route of administration (oral and
topical), disease type (interdigital tinea pedis and vesicular tinea
pedis), and geography (the Americas, EMEA, and APAC).
Tinea pedis is caused by a dermatophyte foot fungus which thrives
in warm, humid conditions and is most common among young adult men.
It is a dermatophyte infection of the soles of the feet and the
interdigital spaces. Technavio analysts forecast the global tinea
pedis treatment market to grow to USD 994.25 million by 2021, at a
CAGR of more than 3% over the forecast period.
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The top three emerging trends driving the global tinea pedis treatment
market according to Technavio healthcare
and life sciences research analysts are:
- Increased funding for antifungal research
- Increased focus on combination therapies
- Advent of novel therapies
Increased funding for antifungal research
The growing cases of infectious diseases such as bacterial infection,
fungal infection, and viral infection are encouraging vendors in the
market to enhance their R&D efforts in this therapy area. As drug
development is a cost-intensive process, various government and
non-governmental institutes are providing financial assistance in the
development of antifungal drugs.
“Institutions such as Generating Antibiotics Incentives Now and
Qualified Infectious Disease Product are providing funding for the
development of novel antifungal drugs. Such funding encourages the
research institutes and companies to invest more in antifungal drug
research, leading to market growth,” says Sapna Jha, a lead
analyst at Technavio for infectious
and rare diseases research.
Increased focus on combination therapies
A current trend in the global tinea pedis treatment market is the use of
combination therapies for treating foot related fungal infections. It is
observed that a combination of systemic and topical treatment increases
the chances of removing the fungus when compared with single therapies.
For instance, the combination of oral terbinafine with topical
terbinafine and 10% urea ointment has proven to be the most successful
method of treating tinea pedis. Often, the combination of topical and
systemic therapies and surgery is used in treatment. Also,
non-pharmacological approaches such as laser treatment or mechanical
treatment are used in combination with topical and systemic therapy.
Advent of novel therapies
The global tinea pedis treatment market lacks effective and approved
drugs that can eliminate side effects related to foot fungal infections.
The absence of an effective treatment for onychomycosis, a fungal
infection that involves the nail matrix, nail bed, and nail plate can
hinder the market. The limited availability of current therapies coupled
with large patient pool can provide significant opportunities for
vendors to discover new drugs for the market.
“For instance, Viamet Pharmaceuticals’ VT-1161 is a novel oral
agent formulated for the treatment of onychomycosis. The drug is
currently in phase II and has shown high potency in in vitro studies.
The approval for new drugs will overcome the side effects that limit the
use of current antifungals such as terbinafine and fluconazole,” says
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obtained from various market participants and stakeholders across the
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