Caspofungin Market: Industry Trends, Share, Size and Forecast Report

Overview

Global Caspofungin Market is estimated to value over USD 487 million by 2026 end and register a CAGR of over 0.16% during the forecast period 2019 to 2026.

Caspofungin is a lipopeptide antifungal drug which does not take the enzyme known as β-D-glucan synthesis, which disrupts the wall of the fungal cell. The product is an important factor of new antifungal class and is regarded as Echinocandins. The usage of product β-D-glucan synthesizer has been FDA approved and sanctioned. It is inserted into the body intravenously by injection.

An augmentation in the volume of invasive candidiasis, growth in the usage of echinocandins, a better purchasing power and disposable income of the consumers in developing nations and the spread of awareness amongst the population regarding the preventive components of myriad microbial illness are all factors which are likely to drive the caspofungin market growth.

Candida species is ranked among the top ten of pathogenic infection contracted in hospitals and is listed as the fourth for pathogenic infections in nosocomial bloodstream. All these factors represent potential market growth in the forecast period. Moreover, it is to be noted that the rise in the patient pool of chronic diseases such as cancer and diabetes and a spur in the geriatric population, which are vulnerable candidates to such ailments, are patterns which are likely to project significant market value. In addition, a large number of people are aware of the technological innovations of new areas of treatment and social acceptance of such treatment will, most likely, render an expansion of the caspofungin market size.

The market for caspofungin has been fragmented on the basis of indication, the distribution channel and even region. Going by the indication, the market has been bifurcated into thrush and candidiasis. With this segment, candidiasis is estimated to hold some of the largest caspofungin market share in the worldwide market during the forecast time span. Caspofungin has been regulated and sanctioned as the first phase of treatment for those patients afflicted with invasive candidiasis and are skeptical towards other kinds of antifungal agents. It is shown to be adopted as the first phase of treatment for diverse forms of candidiasis, namely, intra-abdominal abscesses, pleural space infections, esophageal candidiasis and peritonitis. Most people ideally opt for caspofungin in place of other antifungals in various diseases. All these caspofungin market trends are projected to revitalize the economic growth of the market. In the case of distribution channel, the market has been categorized into hospital, retail and online pharmacies.

Some of the key players in the Caspofungin market include Gland Pharma Limited, Xellia Pharmaceuticals, Merck & Co., Inc.,Fresenius SE & Co. Mylan N.V., Teva Pharmaceutical Industries Ltd.

Caspofungin Market Segmentation:

By Indication

Candidiasis
Thrush

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region

Europe
North America
Asia Pacific
Latin America
Middle East & Africa

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the caspofungin market by indication, by distribution channel and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions