Market revenue in 2023 | USD 106.0 million |
Market revenue in 2030 | USD 139.5 million |
Growth rate | 4% (CAGR from 2023 to 2030) |
Largest segment | Azoles |
Fastest growing segment | Echinocandins |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Azoles, Echinocandins, Polyenes, Allylamines |
Key market players worldwide | Novartis AG ADR, Pfizer Inc, Bayer AG, Sanofi SA, Merck KGaA, Merck & Co Inc, GlaxoSmithKline, Abbott Laboratories, Enzon Pharmaceuticals Inc, Astellas Pharma Inc, Glenmark Pharmaceuticals |
Azoles was the largest segment with a revenue share of 47.55% in 2023. Horizon Databook has segmented the Denmark antifungal drugs market based on azoles, echinocandins, polyenes, allylamines covering the revenue growth of each sub-segment from 2018 to 2030.
Strategic initiatives by local players are expected to boost market growth in the country. For instance, in May 2022, Denmark-based Novo Holdings A/S announced that F2G Ltd. (F2G) (Novo Holdings A/S' portfolio company) entered into a collaboration with Shionogi & Co., Ltd. for the development and commercialization of olorofim, an antifungal agent for the treatment of invasive fungal infections.
Such strategic moves by companies in the country are expected to boost market growth.The Danish Health and Medicines Authority is the main authority in healthcare and regulatory control of pharmaceutical products.
It ensures the availability of safe and effective pharmaceutical products, new therapies, and medical devices, promoting their proper use. The Danish Medicine Act is responsible for conducting clinical trials on medicinal products under section 88 of the Danish Medicines Act.
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