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Paronychia Treatment Market revenue, production, demand and forecast during 2017-2023

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Vinit Sawant

Various factors are propelling the paronychia treatment market growth. Some of these factors according to the Market Research Future (MRFR) report, include growing expenditure on research and development activities, rising incidence of infections as well as related complications, growing awareness among people, and changing reimbursement policies. Geriatric population, the scope for emerging players, revised reimbursement policies by the government, and demand for innovative drug development methods are also propelling the market growth.

The global paronychia treatment market is predicted to grow at an 11.7% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. Paronychia, simply put, is a skin infection that develops surrounding the nail. This happens when fungi or bacteria gets under the skin. It can result from chewing or biting the nails, yet it is common during working conditions that need the hands in being frequently exposed to chemicals or is frequently wet.

Market Segmentation

The MRFR report provides a complete segmental analysis of the paronychia treatment market on the basis of end user, application, and type.

Based on type, the paronychia treatment market is segmented into pyogenic paronychia, candida paronychia, chronic paronychia, acute paronychia, and others.

Based on application, the paronychia treatment market is segmented into dicloxacillin, gentamicin ointment, fusidic acid ointment, mupirocin ointment, and others.

Regional Analysis

By region, the paronychia treatment market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will have the lion's share in the market over the forecast period. Factors aiding growth in the region include growing prevalence of pyogenic paronychia, candida paronychia, chronic paronychia, and acute paronychia, growing support from the government for R&D activities, well-developed technology, changing lifestyle, and high healthcare expenditure. Moreover, the presence of key players in the region is also accelerating market growth.

The paronychia treatment market in Europe will have the second-largest share over the forecast period. Factors aiding growth in the region include strong government support, availability of funds for R&D activities, and the presence of several key players in the region.

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Vinit Sawant
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