Posaconazole Market Size Projection by 2028

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Global posaconazole market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 5.50% in the above mentioned forecast period.

Global posaconazole market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 5.50% in the above mentioned forecast period.

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Posaconazole is an antifungal agent which is used in the treatment of infections caused due to fungus. Fungal infection can be caused by some treatments such as stem cell transplantation, chemotherapy, HIV infection, and others. It is caused due to weak immune system.

Rise in the prevalence of fungal infections, increasing binge eating, consumption of junk foods, growing cases of obesity, increasing stress levels and neglect towards regular exercise, increasing geriatric population are the drivers of the global posaconazole market.

Rise in number of RD activities, increasing disposable income of people, and rising awareness towards health will boost the opportunities for the global posaconazole market in the forecast period of 2021-2028.

Availability of generic drugs, high cost of treatment and side effects of the medication are factors that will hamper the market growth. Focus of developing therapies on the novel approaches to treat diseases, and increasing demand of OTC drugs will challenge the global posaconazole market in the forecast period mentioned above.

North America dominates the posaconazole market due to the presence of major key players, rising prevalence of fungal infections, increasing use of antifungal drugs and well-developed healthcare sector in this region. Global posaconazole market in the Asia-Pacific is expected to grow during the forecast period because of growing focus of pharmaceutical companies on advancement of therapies for treatment, growing government support, and increasing research and development activities.

The major players covered in the Global posaconazole market report are Thermo Fisher Scientific Inc., Organon group of companies, yabang dyesstuffs, BrightGene Bio-Medical Technology, Rochem International Inc., Tecoland Corporation, Solara, Merck Sharp Dohme Corp., Beijing Lunarsun Pharmaceutical Co., Ltd., and Aspen Biopharma Labs Pvt Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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