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Trichomycosis is a superficial bacterial infection that can develop in areas such as the underarm and the pubic hair. When this bacterial infection occurs in the underarms, it is called trichomycosis axillaris, and trichomycosis pubis when it develops in the pubic hair. Trichomycosis can be diagnosed with Wood's lamp examination test and microscopy. This medical condition is usually treated with antibiotics and anti-fungal drugs.
The expansion of the trichomycosis market is driven by various factors. These encompasses the escalating prevalence of trichomycosis attributed to inadequate hygiene habits coupled with the growing awareness regarding this condition among healthcare providers and individuals. Moreover, the market growth is driven by increasing regulatory approvals for drugs used in the treatment of trichomycosis.
Furthermore, several key market players are focusing on the development and launch of topical products used for the treatment of skin-related diseases including trichomycosis.
The onset of the COVID-19 infection affected the global trichomycosis market in 2020 mainly due to disruptions in dermatology services. In the years leading up to the COVID-19 pandemic, there was a consistent rise in the number of diagnosed skin infections worldwide, exacerbating the burden on the already resource-limited healthcare systems.
Moreover, there was traction in industry efforts to improve the understanding and management of skin infections. However, issues such as the COVID-19 pandemic became a significant challenge. However, the increased significance of reducing the spread of skin infections can be attributed to increased attention to personal hygiene during the COVID-19 pandemic.
The report covers the following key insights:
By Type | By Treatment | By Route of Administration | By Distribution Channel | By Geography |
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Pharmacies
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Based on the route of administration, the market can be segmented into oral and topical.
The topical segment is anticipated to exhibit significant growth in the market during the forecast period. The topical solutions are available in the form of gel, cream, lotion, and ointments. The growth of the segment is mainly due to the increasing product launches for topical formulations used in the treatment of trichomycosis along with the easy availability of topical solutions through various distribution channels.
Moreover, the oral segment is anticipated to grow at a considerable CAGR during the forecast period. When topical antibiotics are not working efficiently to treat skin infections, then doctors prescribe oral tablets and pills for the treatment of trichomycosis. The growth of this segment is mainly driven by increasing regulatory approvals for oral antibiotics used in the treatment of trichomycosis.
Geographically, the trichomycosis market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for a significant market share in 2023 and is expected to maintain its position over the forecast period. The region's highest growth is owing to the presence of advanced healthcare infrastructure and proactive efforts by healthcare organizations to raise awareness about bacterial infections. In addition, increasing incidences of trichomycosis ultimately increase the demand for antibiotics in the North America region, which is one of the factors boosting the market growth.
Furthermore, some key market players are focused on obtaining marketing authorizations that will enable them to produce efficient medicines for the treatment of trichomycosis. This is one of the factors that has contributed to regional growth in the trichomycosis market.
The report includes the profiles of key players such as Glenmark Pharmaceuticals Limited, Solaris Pharma Corporation, Galderma, and Bausch Health Companies Inc.
In August 2021, Solaris Pharma Corporation announced that they have received an abbreviated new drug application approval from the U.S. FDA for the first generic version of Clindagel (clindamycin phosphate EQ 1%).
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