Paronychia Treatment Market
Paronychia Treatment Market Forecasts to 2030 - Global Analysis By Product (Mupirocin Ointment, Gentamicin Ointment, Fusidic Acid Ointment, Dicloxacillin and Other Products), Type (Chronic Paronychia, Acute Paronychia, Pyogenic Paronychia, Candidal Paronychia and Other Types), End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $507.34 MN |
|
Projected Year Value (2030) |
US $939.42 MN |
|
CAGR (2023 - 2030) |
9.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Paronychia Treatment Market is accounted for $507.34 million in 2023 and is expected to reach $939.42 million by 2030 growing at a CAGR of 9.2% during the forecast period. Paronychia is a common nail infection characterized by inflammation of the skin surrounding the fingernail or toenail. This is caused by bacteria, fungi, or both, leading to redness, swelling, and pain. Treatment involves warm soaks, proper wound drainage, topical or oral antibiotics for bacterial infections, antifungal medications for fungal cases, and in severe or recurrent instances, surgical intervention may be necessary.
Market Dynamics:
Driver:
Significant rise in diabetes patients
Diabetic individuals are more susceptible to nail infections like paronychia due to compromised immune systems, nerve damage, and reduced blood circulation, making them susceptible to bacterial or fungal nail infections. With the escalating, global diabetes prevalence, there's been a corresponding increase in the incidence of diabetic-related complications, including nail disorders. Diabetic patients often experience challenges in managing infections, necessitating prompt and effective treatment for paronychia.
Restraint:
Counterfeit medications
Counterfeit or unregulated medications pose a serious threat, potentially offering ineffective, substandard, or even harmful treatments to individuals seeking remedies for paronychia. Such unauthorized drugs lack quality control, proper efficacy, and safety standards, raising concerns among healthcare professionals and patients about treatment reliability and potential adverse effects. The presence of these illegitimate products undermines trust in the market's offerings, hindering the market's growth.
Opportunity:
Advancements in technology
Innovative technologies offer improved drug formulations, targeted delivery systems, and enhanced diagnostic tools. Nanotechnology, transdermal patches, and sophisticated imaging or molecular testing enable more effective and precise treatment approaches. Additionally, telemedicine facilitates remote consultations, expanding access to specialized care. These technological advancements enhance treatment efficacy, patient experience, and the overall landscape of paronychia treatments, fostering opportunities for innovation and growth within the market.
Threat:
Limited awareness
Insufficient knowledge among individuals about paronychia, its symptoms, and the importance of seeking timely medical care may result in delayed diagnosis and treatment. Lack of awareness about preventive measures and available treatment options could hinder early intervention, leading to the progression of nail infections. This limited awareness impacts market growth by reducing the patient pool and impeding the adoption of effective paronychia treatments.
Covid-19 Impact
The deadly corona virus spread quickly around the world, overwhelming hospitals, redirecting resources, and restricting access to non-essential medical services. This caused major disruptions in healthcare systems that impacted paronychia diagnosis, treatment, and management, as well as delayed or decreased access to healthcare services. In order to get their problems resolved those who are experiencing infections and adverse consequences, including pain and inflammation, must wait for the services to resume.
The chronic paronychia segment is expected to be the largest during the forecast period
The chronic paronychia segment is estimated to hold the largest share. Chronic paronychia is a long-term condition that often arises from fungal or bacterial infections, irritants, or predisposing factors such as repetitive trauma or underlying health conditions. Treatments for chronic paronychia include topical antifungal or antibiotic medications, oral therapies, warm soaks, and preventive measures addressing potential irritants. Moreover, chronic paronychia requires long-term, specialised therapy due to its recurrent nature. As a result, there is a dedicated market focus on treating this type of illness.
The gentamicin ointment segment is expected to have the highest CAGR during the forecast period
The gentamicin ointment segment is anticipated to have lucrative growth during the forecast period. Gentamicin ointment contains gentamicin, an antibiotic effective against a wide range of bacteria. Applied directly to the affected nail area, gentamicin ointment targets bacterial infections, reducing inflammation and promoting healing. Furthermore, its localised application and antibacterial properties make it a valuable treatment option for mild-to-moderate bacterial paronychia cases. This segment caters specifically to individuals requiring targeted antimicrobial therapy, contributing to the market's array of topical treatments for addressing bacterial nail infections like paronychia.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to increasing healthcare awareness, a rising prevalence of nail infections, and improving healthcare infrastructure. The region's diverse population and changing lifestyles contribute to the growing incidence of paronychia. Moreover, due to the increased population base suffering from paronychia and their rising spending on the treatment of this issue, and the surging prevalence of favourable government initiatives aimed at improving healthcare infrastructure and promoting awareness about nail infections, this is driving the demand for market growth.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period due to a surge in the geriatric population, growing people's knowledge of viable treatments, and the robust presence of major market players in countries like the US and Canada. Moreover, the quick development of cutting-edge paronychia treatment alternatives, such as new topical therapies, antifungal medications, and antibiotics, which have increased the variety of treatment methods offered in clinics and hospitals, is likely to impact the market positively.
Key players in the market
Some of the key players in the Paronychia Treatment Market include Glenmark Generics Ltd, Eli Lilly Company, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd, Jonakayem Pharma Formulation, Fougera Pharmaceuticals Inc, Allergen Plc, Johnson & Johnson Services Inc., Bayer AG, Merck & Co. Inc., Perrigo New York Inc., Novartis AG, Pfizer Inc., Taro Pharmaceutical Industries and Sandoz International GmbH.
Key Developments:
In January 2023, The National Medical Products Administration of China announced that they have approved the mobocertinib for treatment of the adult patients with advanced and metastatic non-small lung cancer. The newly developed treatment technique was mostly experienced with mobocertinib including paronychia, diarrhoea, rash, and decreased appetite.
Products Covered:
• Mupirocin Ointment
• Gentamicin Ointment
• Fusidic Acid Ointment
• Dicloxacillin
• Other Products
Types Covered:
• Chronic Paronychia
• Acute Paronychia
• Pyogenic Paronychia
• Candidal Paronychia
• Other Types
End Users Covered:
• Dermatology Centers
• Hospitals & Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Paronychia Treatment Market, By Product
5.1 Introduction
5.2 Mupirocin Ointment
5.3 Gentamicin Ointment
5.4 Fusidic Acid Ointment
5.5 Dicloxacillin
5.6 Other Products
6 Global Paronychia Treatment Market, By Type
6.1 Introduction
6.2 Chronic Paronychia
6.3 Acute Paronychia
6.4 Pyogenic Paronychia
6.5 Candidal Paronychia
6.6 Other Types
7 Global Paronychia Treatment Market, By End User
7.1 Introduction
7.2 Dermatology Centers
7.3 Hospitals & Clinics
7.4 Other End Users
8 Global Paronychia Treatment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Glenmark Generics Ltd
10.2 Eli Lilly Company
10.3 GlaxoSmithKline plc
10.4 Teva Pharmaceutical Industries Ltd
10.5 Jonakayem Pharma Formulation
10.6 Fougera Pharmaceuticals Inc
10.7 Allergen Plc
10.8 Johnson & Johnson Services Inc.
10.9 Bayer AG
10.10 Merck & Co. Inc.
10.11 Perrigo New York Inc.
10.12 Novartis AG
10.13 Pfizer Inc.
10.14 Taro Pharmaceutical Industries
10.15 Sandoz International GmbH
List of Tables
1 Global Paronychia Treatment Market Outlook, By Region (2021-2030) ($MN)
2 Global Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
3 Global Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
4 Global Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
5 Global Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
6 Global Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
7 Global Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
8 Global Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
9 Global Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
10 Global Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
11 Global Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
12 Global Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
13 Global Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
14 Global Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
15 Global Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
16 Global Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
17 Global Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
18 North America Paronychia Treatment Market Outlook, By Country (2021-2030) ($MN)
19 North America Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
20 North America Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
21 North America Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
22 North America Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
23 North America Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
24 North America Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
25 North America Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
26 North America Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
27 North America Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
28 North America Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
29 North America Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
30 North America Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
31 North America Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
32 North America Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
33 North America Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
34 North America Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
35 Europe Paronychia Treatment Market Outlook, By Country (2021-2030) ($MN)
36 Europe Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
37 Europe Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
38 Europe Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
39 Europe Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
40 Europe Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
41 Europe Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
42 Europe Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
43 Europe Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
44 Europe Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
45 Europe Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
46 Europe Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
47 Europe Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
48 Europe Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
49 Europe Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
50 Europe Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
51 Europe Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
52 Asia Pacific Paronychia Treatment Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
54 Asia Pacific Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
55 Asia Pacific Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
56 Asia Pacific Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
57 Asia Pacific Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
58 Asia Pacific Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
59 Asia Pacific Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
60 Asia Pacific Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
61 Asia Pacific Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
62 Asia Pacific Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
63 Asia Pacific Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
64 Asia Pacific Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
65 Asia Pacific Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
66 Asia Pacific Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
67 Asia Pacific Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
68 Asia Pacific Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
69 South America Paronychia Treatment Market Outlook, By Country (2021-2030) ($MN)
70 South America Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
71 South America Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
72 South America Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
73 South America Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
74 South America Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
75 South America Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
76 South America Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
77 South America Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
78 South America Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
79 South America Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
80 South America Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
81 South America Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
82 South America Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
83 South America Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
84 South America Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
85 South America Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
86 Middle East & Africa Paronychia Treatment Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Paronychia Treatment Market Outlook, By Product (2021-2030) ($MN)
88 Middle East & Africa Paronychia Treatment Market Outlook, By Mupirocin Ointment (2021-2030) ($MN)
89 Middle East & Africa Paronychia Treatment Market Outlook, By Gentamicin Ointment (2021-2030) ($MN)
90 Middle East & Africa Paronychia Treatment Market Outlook, By Fusidic Acid Ointment (2021-2030) ($MN)
91 Middle East & Africa Paronychia Treatment Market Outlook, By Dicloxacillin (2021-2030) ($MN)
92 Middle East & Africa Paronychia Treatment Market Outlook, By Other Products (2021-2030) ($MN)
93 Middle East & Africa Paronychia Treatment Market Outlook, By Type (2021-2030) ($MN)
94 Middle East & Africa Paronychia Treatment Market Outlook, By Chronic Paronychia (2021-2030) ($MN)
95 Middle East & Africa Paronychia Treatment Market Outlook, By Acute Paronychia (2021-2030) ($MN)
96 Middle East & Africa Paronychia Treatment Market Outlook, By Pyogenic Paronychia (2021-2030) ($MN)
97 Middle East & Africa Paronychia Treatment Market Outlook, By Candidal Paronychia (2021-2030) ($MN)
98 Middle East & Africa Paronychia Treatment Market Outlook, By Other Types (2021-2030) ($MN)
99 Middle East & Africa Paronychia Treatment Market Outlook, By End User (2021-2030) ($MN)
100 Middle East & Africa Paronychia Treatment Market Outlook, By Dermatology Centers (2021-2030) ($MN)
101 Middle East & Africa Paronychia Treatment Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
102 Middle East & Africa Paronychia Treatment Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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