Impetigo Therapeutics Market Overview:
According to the USD Analytics published latest research report, the global “Impetigo Therapeutics Market” is expected to grow at a tremendous CAGR of 7.2% during the forecast period 2023-2030.
Impetigo is a common and highly infectious skin condition primarily affecting newborns and young children. It usually manifests as reddish sores on the face, particularly around the nose, mouth, hands, and feet. The lesions rupture and form honey-colored crusts after about a week. Impetigo treatment consists of treating impetigo with prescription mupirocin antibiotic ointment or cream used directly to the sores two to three times per day for five to ten days. A common Impetigo Therapeutic Industry application is the creation of new medications that restrict the recurrence of the disease while also improving the aesthetic look of the markings. Impetigo is a superficial skin infection with crusting or bullae caused by streptococci, staphylococci, or both. Treatment success for impetigo depends on the presence or absence of scabies, and it was higher in the group treated with co-trimoxazole (SXT) for scabies-coinfected impetigo.
Oral antibiotic medication may treat impetigo with large bullae or when topical therapy is ineffective. Penicillin is not an option, but amoxicillin/clavulanate, dicloxacillin, cephalexin, clindamycin, doxycycline, minocycline, trimethoprim/sulfamethoxazole, and macrolides are. Antibiotics are often used to treat nonbullous impetigo. The growing awareness of impetigo, the use of prescription mupirocin antibiotic ointment or cream, and the lower cost of therapy are expected to boost the Impetigo Therapeutic Market. During the projected period, the growing congested situations such as schools and childcare are expected to accelerate the expansion of the Impetigo Therapeutic Industry.
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Market Drivers:
Increasing R&D Activities
Adults and children are the most afflicted; however, children under the age of two are seldom impacted. In research investigations undertaken during the past three years, S. aureus has returned as the predominant cause of crusted impetigo. S. aureus, the most often recovered isolated agent, caused around 80% of cases associated with group A beta-hemolytic streptococci. Deeper structures are involved, as well as lymphadenopathy, fever, pharyngitis, infections in the oral cavity, infections on the scalp, or several lesions; systemic antibacterial drugs are prescribed. As a result, it is a primary driver of market expansion.
Higher Demand of Antibiotics
This disease is often treated with topical antibiotics such as mupirocin, retapamulin, and fusidic acid. Oral antibiotic therapy might be employed when topical treatment fails or impetigo with big bullae is present. Amoxicillin or clavulanate, cephalexin, clindamycin, dicloxacillin, doxycycline, minocycline, trimethoprim, and macrolides are all options. Treatment options for impetigo include topical antibiotics, systemic antibiotics, and disinfectants. This increases market growth.
Market Restraints:
Over the projected period, the global impetigo therapeutic market may be hampered by a shortage of competent individuals who cannot conduct these treatments. Furthermore, the enormous cost of treatment methods would impede market expansion. Several market participants invest primarily in installing new and improved treatment processes to speed healing, raising the price.
Market Opportunities:
Increase in Smoking and Lifestyle Changes
Cigarette smoking is a primary cause of avoidable illness and death in the United States. Every year, it claims the lives of almost 480,000 people. Furthermore, today's population's lifestyle changes, such as unhealthy lifestyles, inadequate nutrition, stress, and other similar problems, all contribute to the market's increasing potential.
Higher Demand of Penicillin
The increased demand for penicillin opens up new avenues for commercial expansion. For example, because of the high preference of doctors, the penicillin segment led the worldwide impetigo treatment market in 2017. In terms of value, the penicillin-like antibiotics sector trailed the penicillin segment, accounting for more than 15% of the worldwide market.
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Recent Industry Developments:
- The previously announced purchase of DERMAdoctor, LLC by NovaBay® Pharmaceuticals, Inc. was completed in November 2021. Two Roads Advisors LLC, a boutique investment bank managed by John Z. Fang and Rob Cooper, advised the business on purchasing DERMAdoctor. The company also said that its financial results for the third quarter of 2021 would be released on Thursday, November 11, 2021, and that an investor conference call will be held at 4:30 p.m. Eastern time.
- Menlo Therapeutics Inc. announced the completion of its merger with Foamix Pharmaceuticals Ltd. in March 2020, having met all of the merger agreement's closing conditions. According to the merger conditions, Foamix owners received 0.5924 of a share of Menlo common stock for each Foamix share held, as well as a non-transferable conditional store right. Foamix became a wholly owned subsidiary of Menlo upon completion of the transaction by the provisions of the merger agreement.
Segmentation Analysis:
As per the research an analysis, the global impetigo therapeutics market is segmented by treatment option into antibiotics and others; by route of administration into oral, topical and others; by end-use industry into hospitals, specialty clinics, home healthcare and others; and by distribution channel into hospital pharmacies, retail pharmacies, online pharmacies and others.
In 2022, the Antibiotics segment had the most significant Impetigo Therapeutic market share. This increase is due to the increased use of antibiotics to treat impetigo. The antibiotics mupirocin and clindamycin may be used to treat impetigo. Increasing topical, systemic, and disinfectants used to treat impetigo is moving the Antibiotics sector forward.
Furthermore, the Antibiotics segment is expected to grow at the fastest CAGR of 8.3% during the forecast period, owing to the increasing recommendation of Mupirocin 2% cream or ointment (Bactroban), retapamulin 1% ointment (Altabax), and fusidic acid as three topical antibiotic preparations for impetigo, as well as the widespread preference for cost-effective and efficient medicines with fewer side effects.
Regional Analysis:
The global impetigo therapeutics market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.
North America Impetigo Therapeutics Market
In 2022, North America had the largest impetigo therapeutic market share, accounting for 35% of the total market. The expansion of this area is due to the large number of instances of impetigo infection needing drugs such as mupirocin and clindamycin in the United States and the North American region. Significant companies in North America, such as MedimetriksPharmaceuticals, Inc., are further fueling the expansion of the Impetigo Therapeutic Industry, adding to the Impetigo Therapeutic Industry Outlook.
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Competitive Landscape:
The major companies included in the global impetigo therapeutics market are Foamix Pharmaceuticals Ltd., Laboratories Ojer Pharma S.L., NovaBay Pharmaceuticals Inc., Lytix Biopharma AS, Toyama Chemical Co. Ltd., Medimetriks Pharmaceuticals, Inc., Teva Pharmaceuticals Industries Ltd, Novartis AG, Hikma Pharmaceuticals PLC, Aurobindo Pharma.
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