Middle East & Africa Onychomycosis Market Size & Outlook
Middle East & Africa onychomycosis market, 2018-2030 (US$M)
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MEA onychomycosis market highlights
- The MEA onychomycosis market generated a revenue of USD 169.9 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, topical was the largest revenue generating treatment in 2023.
- Topical is the most lucrative treatment segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 169.9 million |
| Market revenue in 2030 | USD 247.1 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Topical |
| Fastest growing segment | Topical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Topical |
| Key market players worldwide | GSK PLC, Abbott Laboratories, Pfizer Inc, Bausch Health Companies Inc, Bayer AG, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, Merck & Co Inc, Novartis AG ADR, Sun Pharmaceutical Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.8% of the global onychomycosis market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,201.0 million by 2030.
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Onychomycosis Market Scope
Onychomycosis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa onychomycosis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to onychomycosis market will help companies and investors design strategic landscapes.
Topical was the largest segment with a revenue share of 57.68% in 2023. Horizon Databook has segmented the Middle East & Africa onychomycosis market based on oral, topical covering the revenue growth of each sub-segment from 2018 to 2030.
The diabetes epidemic is driving the growth of the Middle East and Africa onychomycosis market. According to The Institute for Health Metrics and Evaluation article published in June 2023, the global diabetes epidemic impacts over half a billion people and is projected to double to 1.3 billion in the next 30 years, which presents a significant growth driver for the onychomycosis market in the Middle East and Africa (MEA).
According to the same source, the current global prevalence of diabetes is around 6.1%, ranking diabetes among the top 10 leading causes of death and disability. In MEA, the prevalence is already the highest at 9.3% and is anticipated to reach 16.8% by 2050.
Diabetes is particularly prevalent in individuals aged 65 and older, recording rates exceeding 20% globally and reaching 39.4% in MEA, which is anticipated to propel the demand for onychomycosis-related treatments.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa onychomycosis market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa onychomycosis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA onychomycosis market size, by country, 2018-2030 (US$M)
Middle East & Africa Onychomycosis Market Outlook Share, 2023 & 2030 (US$M)
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