Tinea infections are fungal infections caused by T rubrum,
Trichophyton mentagrophytes and Epidermophyton floccosum. This
dermatophyte fungus thrives in humid conditions. The clinical
features of tinea pedis include patchy and dry scaling on foot and
presence of blisters or pustules on feet and between toes. Various
countries are focusing on prevention of microbial and fungal diseases
to reduce their healthcare costs, which in turn, is expected to
result in high demand for advanced treatment options and diagnostic
processes from local governments and third-party payers.
Moreover, increasing research and development activities to develop
highly specific antifungal products are also expected to create new
growth opportunities for manufacturers operating in tinea pedis
treatment market. Currently, several countries are still unaware
about fungal treatment. In several low income countries, physicians
depend on antibacterial treatment and steroids for the treatment
process. Awareness about effective treatment procedures in these
countries is very low. However, these countries have a large patient
pool and hence, various companies are trying to enter into these
markets by offering better quality and affordable antifungal
products.
Future Market Insights in its research report on the global tinea
pedis treatment market has described a complete market scenario and
has presented forecast insights on the global market for tinea pedis
treatment for a period of 10 years. According to Future Market
Insights, the global tinea pedis treatment market is expected to grow
at a moderate rate to register a CAGR of 4.8% throughout the period
of forecast, 2017-2027. The estimation value of global tinea pedis
treatment market is bit more than US$ 1 Bn in 2017 and is anticipated
to touch a value more than US$ 1700 Mn by the end of 2027.
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The growth of the global tinea pedis treatment market can be
attributed towards increasing geriatric population, rising consumer
inclination towards maintaining aesthetic appearance, increasing
product innovation and rising per capita healthcare expenditure.
Typically, tinea pedis occurs in the form of interdigital spaces. The
occurrence of interdigital tinea pedis is higher than other type of
tinea pedis diseases. This has led to an increased focus on the
treatment of interdigital tinea pedis. The interdigital tinea pedis
segment in the disease type category is the largest segment owing to
higher prevalence of the disease. The interdigital tinea pedis
segment is expected to grow at a CAGR of 4.5% throughout the period
of forecast and is expected to generate a value of more than US$ 1.1
Bn by the end of 2027. In 2017, it is valued at less than US$ 750 Mn.
This segment is expected to dominate the global market by disease
type.
Plantar tinea pedis, also known as moccasin foot, occurs on the side
of the foot. The plantar tinea pedis segment is anticipated to grow
at a significant rate to reach an estimation of around US$ 320 Mn by
the end of the year of assessment. This is the second largest segment
in terms of value as well as growth rate. It is projected to register
a CAGR of 5.1% during the period of forecast, 2017-2027.
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