Number of pages: 100 | Report Format: PDF | Published date: November 17, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 2,914.10 million |
Revenue forecast in 2030 |
US$ 4,424.77 million |
Growth Rate |
CAGR of 4.75% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
by disease type, by drug class, by route of administration and region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global aspergillosis therapeutics market was pegged at US$ 2,914.10 million in 2021 and is expected to witness a CAGR of 4.75 % during the forecast period.
Market Fundamentals
Aspergillosis is a kind of fungal disease caused by aspergillus fumigatus member of genus aspergillus. The disease most commonly affects lungs but can spread to other parts of the body. Immunocompromised people are highly prone to acquire the disease. General symptoms associated with the disease include fever, night sweats, cough, fatigue, and unintended weight loss among others. The therapeutics for the disease include lipid amphoteric formulations, micafungin, caspofusgin, itraconazole, and isavuconazole.
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Market Dynamic
People taking immunosuppressors after certain transplant surgeries such as bone marrow and stem cell transplant are at increased risk of acquiring the disease. In addition, people suffering from cancer have low WBC level which makes them more prone to acquire aspergillosis. Market players are introducing strategies like mergers and acquisition and introducing novel therapies to support market growth. The market is likely to show limited growth opportunities due to frequent expiration of antifungal drugs and declining prices due to increased industrial competition.
Market Ecosystem
The global aspergillosis therapeutics market has been analyzed from four perspectives: by disease type, by drug class, by route of administration and region.
Aspergillosis Therapeutics Market by Disease Type
The global aspergillosis therapeutics market according to disease type is grouped into allergic bronchopulmonary aspergillosis, aspergilloma, chronic pulmonary aspergillosis, invasive aspergillosis, and others. Pulmonary aspergillosis dominated the market in 2021. Pulmonary aspergillosis is an allergic reaction by fungus. Rising prevalence of cystic fibrosis or asthma is increasing segmental growth along with prevalence of allergic bronchopulmonary. People with other lung disorders such as tuberculosis are also susceptible to aspergillomas.
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Aspergillosis Therapeutics Market by Drug Class
According to drug class, the global aspergillosis therapeutics market is segmented into azole antifungals, antibiotics, corticosteroids, and others. Azole antifungals dominated the global aspergillosis therapeutics market in 2021. The advantages offered by azole such as long-lasting resistance by inhibiting production of ergosterol is increasing its demand. The only azole that is currently considered as the main treatment against aspergillosis is itraconazole.
Aspergillosis Therapeutics Market by Route of Administration
Based on route of administration, the global aspergillosis therapeutics market is divided into oral, parenteral, and others. The advantages offered by the parenteral segment help in increasing the market potential. The parenteral segment is used for drugs which are not easily absorbed. Moreover, the parenteral route of administration helps to induce a delayed response. Oral segment is expected to grow at high CAGR in the forecast period.
Aspergillosis Therapeutics Market by Region
Regionally, the global aspergillosis therapeutics market has been segmented into North America, Europe, Asia Pacific, and rest of the world. North America is expected to hold leading position in global aspergillosis therapeutics market. However, it is anticipated that during the forecast period, the market in Asia Pacific is likely to grow at high CAGR. The growth of North American aspergillosis therapeutics market is attributed to factors such as presence of leading market players, rising per capita healthcare expenditure, and increasing prevalence of the disease in the region. European market for aspergillus therapeutics is characterized by increased research and development activities, rising healthcare standards, and rising introduction of novel products in the region. For instance, Pfizer introduced commercial rights for CRESEMBA in 2018, which provided a new treatment for fungal infection among immunocompromised patients. Asia pacific region is anticipated to grow with high CAGR in forecast period. The region is supported by factors such as increased medical services, and easy availability of medications.
Competitive Landscape
Some of the prominent players operating in the aspergillosis therapeutics market are
People taking immunosuppressors after certain transplant surgeries such as bone marrow and stem cell transplant increases the risk of acquiring disease. In addition, people suffering from cancer with low WBCs count are susceptible to acquire the disease. Furthermore, market players are introducing strategies such as mergers and acquisition, and introducing novel therapies to support market growth.
Some of the prominent players operating in the aspergillosis therapeutics market are Pfizer Inc., Johnson & Johnson HealthCare Systems Inc., Merck & Co. Inc., Astellas Pharma US Inc., Gilead Sciences Inc., GlaxoSmithKline Plc, Novartis International AG, Zambon SpA, and Pulmocide Ltd. among other.
The market is likely to showcase limited growth due to frequent expiration of antifungal drugs and declining prices due to increased industrial competition.
Aspergillosis is a kind of fungal disease caused by aspergillus fumigatus member of genus aspergillus. The disease most commonly affects lungs, but due time can spread to other parts of the body. Immunocompromised people are highly prone to acquire the disease.
The global aspergillosis therapeutics market was pegged at US$ 2,914.10 million in 2021 and is expected to witness a CAGR of 4.75 % during the forecast period.
*Insights on financial performance is subject to availability of information in public domain
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