Market Size (2016)
2016
$3.68B
Vertical: HealthcareBase Year: 201811 Sections
Market Size (2016)
2016
$3.68B
Projected (2025)
2025
$6.50B
CAGR (2016–2025)
6.5%
6.5%Key Players
108+
Onychomycosis refers to the fungal infection of the nail. The rising worldwide prevalence of onychomycosis and rising per capita healthcare expenditure, coupled with the growing diabetic patient population, is expected to drive the growth of the market. Despite the drivers, the market growth may be hampered by the lack of awareness about the fungal infection among the people.
The global onychomycosis market has been segmented based on type, treatment type, distribution channel, and region. The global onychomycosis market was valued at USD 4,217.6 million in 2018, and the market is estimated to grow to USD 6,496.8 million by 2025. In 2018, the Americas accounted for the largest market share of 61.9% with a market value of USD 2,612.7 million, followed by Europe with a market value of USD 843.0 million in 2018.
Of all the types, the distal subungual onychomycosis segment accounted for the largest market share of 65.4% in 2018, with a market value of 2,760.0 million, which is projected to register a CAGR of 6.62% during the forecast period.
On the basis of treatment type, the drug treatment segment accounted for the largest market share of 47.3% in 2018, with a market value of 1,997.5 million, which is projected to register the highest CAGR of 5.96%.
Based on distribution channel, the hospital pharmacies segment accounted for the largest market share of 46.3% in 2018, with a market value of USD 1,951.7 million, which is projected to register the highest CAGR of 6.53%.
The Onychomycosis Market market is projected to grow at a CAGR of 6.5% from 2016 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansOnychomycosis is a general term used to denote any fungal nail infection. Factors such as the rising per capita healthcare expenditure coupled with the rising occurrences of onychomycosis, are anticipated to fuel the growth of the global onychomycosis market.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2016 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2016–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansBargaining Power of Suppliers
Currently, the market consists of a huge number of players manufacturing ointments, creams, and gels for onychomycosis treatment as well as anti-fungal drugs. However, few existing key companies capture significant share in the market and have the capability of fluctuating the costs of the products. Another factor affecting the bargaining power of suppliers is the switching cost for buyers owing to the presence of local companies. Furthermore, many companies are focusing on the development of new treatment options, which increases competition in the market. The overall bargaining power of suppliers in the global onychomycosis market is medium.
Bargaining Power of Buyers
The bargaining power of buyers is low to medium in the global onychomycosis market. Patients are the major buyers for the market. The presence of buyers in the market is rising due to the increasing prevalence of nail infections. In addition, buyers are price-sensitive, which moderately affects their bargaining power in the market. The market is characterized by moderate availabilities of substitute products, which reduces the buying power to an extent.
Threat of New Entrants
The threat of new entrants is medium in the global onychomycosis market due to the development of the potential market. Any company trying to enter the market has to get the product approved and certified by various regulatory authorities in different countries. The rising awareness regarding onychomycosis and its severity among the patients pushes the currently established and other manufacturers to focus more on this treatment alternatives. There is a stronghold of the big companies in this market, which can make the entry of the new players a bit difficult.
Threat of Substitutes
The threat of substitutes in the global onychomycosis market is medium. Although there is a moderate number of substitutes available in the market, buyer propensity to substitute is low as most of the medical professionals prescribe a limited number of ointments or drugs for the treatment of onychomycosis. Additionally, quality and trust issue and excellent service provided by the existing players restrict the threat by the substitutes.
Intensity of Rivalry
The degree of competition in the global onychomycosis market is high. The moderate degree of product differentiation among existing players increases the intensity of rivalry in the market. Companies involved in the onychomycosis market are trying to develop cost-effective products to make product differentiation more affordable. To overcome the competition, players are engaged in developing a process to lower their manufacturing cost. Moreover, the players are also developing advanced techniques for differentiating their product from their rivals.
Market estimates by geography (2025)
InsightNorth America leads with $3.59B by 2025.
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View Subscription Plans| REGION | 2016 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $161.90M | $225.90M | $266.10M | 5.7% | 4% |
| North America | $2.00B | $2.79B | $3.59B | 6.7% | 55% |
| Asia Pacific | $500.50M | $705.60M | $846.10M | 6.0% | 13% |
| Europe | $730.90M | $1.04B | $1.28B | 6.4% | 20% |
| South America | $288.20M | $406.00M | $513.60M | 6.6% | 8% |
| Total | $3.68B | $5.17B | $6.50B | 6.5% | 100% |
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View Subscription PlansTotal Market Size
$6.50B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Hospital Pharmacies | $3.06B | 6.5% | 47% |
| Retail Pharmacies | $2.35B | 6.5% | 88% |
| Distribution Channel_Others | $1.09B | 6.5% | 87% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Onychomycosis Market covering market dynamics, competitive landscape, and strategic outlook.
The Onychomycosis Market market is projected to reach $6.50B by 2025, growing at 6.5% CAGR. The Hospital Pharmacies segment holds the largest share.
The global onychomycosis market is expected to exhibit lucrative growth during the forecast period. Some of the major factors characterizing the market growth are the rising worldwide prevalence of onychomycosis, rising per capita healthcare expenditure, surging diabetic patient population, and increasing prevalence of peripheral artery disease (PAD). On the contrary, the side-effects associated with onychomycosis treatment drugs as well as lack of awareness about onychomycosis are anticipated to limit the market growth over the forecast period.
Onychomycosis also called tinea unguium, is a fungal infection of the toenails or fingernails that may involve any component of the nail unit, including the matrix, bed, or plate. An article published in the Journal of Tropical Medicine stated that, presently, the prevalence of onychomycosis mainly caused by nondermatophyte molds is increasing around the globe. The aging population, increased consumption of immunosuppressive drugs, rising prevalence of diseases such as human immunodeficiency virus (HIV) and diabetes that suppress the immune- status of patients, increased exposure to spas and public swimming pools, wearing tight-fitting shoes and clogs, and wearing sweaty footwears have been the factors for the rise in the incidence of mycoses. Onychomycosis represents 20% to 40% of all onycho-pathies around the globe. An article published on the ScienceDirect stated that, at present, worldwide onychomycosis prevalence ranges from 2% to 50%, and it represents approximately 30% of superficial mycotic infections and 50% of all nail disorders. Additionally, onychomycosis mainly affects adults between 30 and 60 years of age. Thus, this increasing prevalence of onychomycosis across the world is fueling the demand for treatment drugs and therapies across the world, thereby supporting the market growth.
The increasing number of products in the pipeline is expected to create ample market opportunities in the near future. The following table illustrates a few pipeline products focused on the treatment of onychomycosis or tinea unguium.
Nail infections such as onychomycosis are mostly triggered by dermatophytes, thus are responsible for half of the disorders associated with nail infections. The prevalence of onychomycosis is attributed to various factors such as age, gender, and conditions, including diabetes, among others. Most of the patients who get affected by onychomycosis are not aware of their infection and level of knowledge of onychomycosis is one of the most important factors in the prevention and treatment of onychomycosis. According to an independent study, in developing countries, about 75% to 85% of the population is not aware of onychomycosis. The awareness of onychomycosis plays a major role in the treatment of this fungal infection. However, the lack of awareness about onychomycosis in developing countries is limiting the adoption of treatments and therapies for onychomycosis, thereby restricting market growth.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 108 companies operating in the Onychomycosis Market market, including revenue, employee count, and market positioning where available.
Showing 108 of 108 companies
Taro Pharmaceuticals Industries Ltd
Company Headquarters: Haifa Bay, Israel Founded: 1959 Workforce: ~1,490 Company Working: Taro Pharmaceuticals Industries Ltd is a research-based, international, specialty pharmaceutical company that develops, manufactures, and markets prescription and over the counter (OTC) pharmaceutical products. The company offers its products primarily in the areas of topical creams and ointments, liquids, capsules, and tablets in the dermatological and topical, cardiovascular, neuropsychiatric, anti-inflammatory, and other therapeutic categories.
Moberg Pharma AB
Company Headquarters: Bromma, Sweden Founded: 2006 Company Working: Moberg Pharma AB develops patented topical pharmaceuticals for the treatment of common disorders through the use of innovative drug delivery. The company comprises only one area of operation, which is the development and commercialization of medical products. MOB-015 is the next generation of nail fungus treatment and BUPI is a new pain treatment for mouth and throat for cancer patients with oral mucositis. MOB-015 is currently undergoing two parallel phase 3 studies with expected topline results towards the end of 2019 and the second quarter of 2020, respectively. It has also signed two license agreements with leading players in Europe and Canada. It markets its products directly in the US, as well as through a network of distributors in approximately 40 countries.
Merz Pharma
Company Headquarters: Frankfurt, Germany Founded: 1908 Workforce: ~3,151 Company Working: Merz Pharma is a global aesthetic and neurotoxin company that has strong research and development capabilities. Its aesthetic products are renowned for their extraordinary quality and outstanding results. The company aims to achieve and discover the needs of specialists and work in line to help patients achieve their desired results. Merz Aesthetics' portfolio is expanded and its position in the aesthetic medicine industry is strengthened by the integration of Anteis' operations into its own. Moreover, the company operates in fields such as neurology, Over The Counter (OTC) medicines, dietary supplements, and skincare products. The company is directly present in more than 34 countries and offers its products in around 90 countries.
Johnson & Johnson Services Inc.
Company Headquarters: New Jersey, US Founded: 1886 Workforce: ~130,000 Company Working: Ethicon, Inc. is a subsidiary of Johnson & Johnson. It was incorporated as a separate company under the Johnson & Johnson umbrella in 1949 to expand and diversify the Johnson & Johnson product line. Ethicon has manufactured surgical sutures and wound closure devices since 1887. Ethicon manufactures sutures, endocutters, breast care products, and energy-based products, like hand instruments, for tissue dissection. In 2016, Ethicon acquired NeuWave Medical, Inc.Johnson & Johnson is the world’s largest and broadly based healthcare company. It engages in the R&D, manufacture, and sale of products in the healthcare field. I Its pharmaceutical segment is focused on six therapeutic areas, including immunology, infectious diseases, oncology, cardiovascular and metabolism, and pulmonary hypertension t has more than 130 years of industry experience. The company has a team of 134,000 people at 260 companies in more than 60 countries around the globe.
Galderma Laboratories
Established in 1981 and headquarters in Lausanne, Switzerland. Galderma is one of the big names of the pharmaceutical industry in dermatology, over the past three decades galderma key area of focus is to provide innovative solutions in the field of dermatology, which consists of acne, rosacea, psoriasis and other steroid-responsive dermatoses, onychomycosis, pigmentary disorders, skin cancer and other various fields in skin care. Currently Galderma is a global leader in dermatology and has strategic partnerships with brands like Soolantra, Tri-Luma, Loceryl, BenzacEpiduo, Oracea, Differin, Mirvaso, Cetaphil, Excipial, Daylong, Restylane, Emervel and many other brands. Presently galderma is operating in over 80+ countries, providing patients with skin care needs and has an employee work force of over 6000 employees. The company has worldwide network of distributers and 34 wholly-owned affiliates.
Dr. Reddy’s Laboratories Ltd
Company Headquarters: Hyderabad, India Founded: 1984 Workforce: 20,000+ Company Working: Dr. Reddy’s Laboratories Ltd (Dr. Reddy’s) is an integrated pharmaceutical company, committed to providing affordable and innovative medicines for healthy lives. Through its three businesses, namely, pharmaceutical services and active ingredients, global generics, and proprietary products Dr. Reddy’s offers a portfolio of products and services including active pharmaceutical ingredients (API), custom pharmaceutical services, generics, biosimilars, and differentiated formulations. Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology. It operates in markets across the US, India, Russia, Commonwealth of Independent States (CIS) countries, and Europe.
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Onychomycosis Market