Drug Price Trends for oxiconazole nitrate

Average Pharmacy Cost for oxiconazole nitrate

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
OXICONAZOLE NITRATE 1% CREAM	51672-1359-02	5.70651	GM	2024-12-18
OXICONAZOLE NITRATE 1% CREAM	00168-0358-90	3.41633	GM	2024-12-18
OXICONAZOLE NITRATE 1% CREAM	51672-1359-08	3.41633	GM	2024-12-18
OXICONAZOLE NITRATE 1% CREAM	00168-0358-30	5.70651	GM	2024-12-18

Oxiconazole nitrate Market Analysis and Financial Projection

Market Analysis and Price Projections for Oxiconazole Nitrate

Introduction to Oxiconazole Nitrate

Oxiconazole nitrate, a conazole antifungal drug, is widely used for the treatment of various fungal skin infections, including Tinea Corporis, Tinea Cruris, and Tinea Pedis. It is available in topical formulations such as creams and powders, marketed under brand names like Oxistat[4].

Global Market Size and Growth

The global market for Oxiconazole nitrate has shown significant growth in recent years. As of 2017, the market size was valued at several million dollars, with a notable Compound Annual Growth Rate (CAGR) from 2013 to 2017. It is projected to continue growing, reaching a substantial market value by the end of 2023, driven by a steady CAGR from 2018 to 2023[1].

Market Segments

Geography Segment

The market is analyzed across various regions, including North America, South America, Asia & Pacific, Europe, and the Middle East & Africa (MEA). Each region's supply, demand, major players, and pricing are detailed from 2013 to 2023. North America is expected to dominate the market due to heightened awareness of antifungal treatments and the emergence of over-the-counter (OTC) options[1][3].

End Use/Application Segment

The report focuses on the status and outlook for key applications of Oxiconazole nitrate. The drug is primarily used in the treatment of fungal skin infections, and its demand is driven by the increasing incidence of these infections globally[1][3].

Competitor Segment

The market includes global key players such as pharmaceutical giants like Abbott, Bayer AG, GSK plc, Merck & Co., Inc, and others. These companies are continuously innovating and expanding their portfolios to meet the growing demand for antifungal drugs[1][3].

Market Drivers and Restraints

Drivers

• Increasing Incidence of Fungal Infections: The rising prevalence of fungal infections, particularly nosocomial infections, is a significant driver for the market. This increase in infections has led to a higher demand for effective antifungal treatments[3].
• Innovations in Antifungal Drugs: Advances in research and development, including new drug formulations and OTC options, are fueling market growth. These innovations reduce therapy costs, enhance patient adherence, and minimize the need for physician intervention[3].

Restraints

• Regulatory Compliance: The production and sale of Oxiconazole nitrate are subject to stringent pharmaceutical regulations, which can act as a restraint. Compliance with these regulations can increase costs and complexity for manufacturers[4].
• Raw Material Costs: Variations in the cost and availability of raw materials such as 1-(2,4-dichlorophenyl)-2-(1H-imidazol-1-yl)-ethanone Oxime and Dimethylformamide (DMF) can impact the production costs and profitability of Oxiconazole nitrate[4].

Price Analysis

Current Pricing

The cost of Oxiconazole nitrate topical cream varies based on the quantity and pharmacy. For example, a 30-gram supply of 1% topical cream can cost around $205, with prices decreasing per unit as the quantity increases[2].

International Price Comparison

Prices for Oxiconazole nitrate can vary significantly across different regions. For instance, international pharmacies accredited by PharmacyChecker may offer lower prices, with the lowest U.S. pharmacy coupon price being around $2.10 per gram for a 90-gram supply[5].

Production Cost Analysis

The production of Oxiconazole nitrate involves several key factors that influence its cost:

• Raw Materials: The cost of raw materials such as 1-(2,4-dichlorophenyl)-2-(1H-imidazol-1-yl)-ethanone Oxime and DMF is crucial. These materials can fluctuate in price, affecting the overall production cost[4].
• Manufacturing Process: The complexity of the manufacturing process, including the synthesis and formulation of the drug, contributes to the production costs[4].
• Capital Investment and Operating Costs: The initial capital investment and ongoing operating costs, such as labor and facility expenses, also play a significant role in determining the final cost of the product[4].

Market Forecast

Antifungal Drugs Market

The broader antifungal drugs market, which includes Oxiconazole nitrate, is projected to reach USD 19.16 billion by 2030, growing at a robust CAGR. This growth is driven by the increasing incidence of fungal infections and advancements in antifungal drug research and development[3].

Oxiconazole Nitrate Market

Given the trends in the antifungal drugs market, Oxiconazole nitrate is expected to continue its growth trajectory. The market is anticipated to expand due to its broad application scope, compliance with safety standards, and the introduction of new formulations by key players[1][3].

Key Takeaways

• Growing Demand: The increasing incidence of fungal infections is driving the demand for Oxiconazole nitrate.
• Innovative Developments: Advances in research and development are leading to new and cost-effective antifungal treatments.
• Regional Dominance: North America is expected to dominate the market due to heightened awareness and the emergence of OTC options.
• Price Variability: Prices for Oxiconazole nitrate vary significantly across different regions and pharmacies.
• Production Costs: The cost of raw materials, manufacturing process, and regulatory compliance are key factors influencing the production cost of Oxiconazole nitrate.

FAQs

1. What is Oxiconazole nitrate used for? Oxiconazole nitrate is used for the treatment of various fungal skin infections, including Tinea Corporis, Tinea Cruris, and Tinea Pedis[2].

2. What is the current market size of Oxiconazole nitrate? As of 2017, the global market size of Oxiconazole nitrate was valued at several million dollars, with a notable CAGR from 2013 to 2017[1].

3. Who are the key players in the Oxiconazole nitrate market? Key players include pharmaceutical giants such as Abbott, Bayer AG, GSK plc, Merck & Co., Inc, and others[1][3].

4. What are the main drivers of the Oxiconazole nitrate market? The main drivers include the increasing incidence of fungal infections and innovations in antifungal drug research and development[3].

5. How does the price of Oxiconazole nitrate vary internationally? Prices for Oxiconazole nitrate can vary significantly across different regions, with international pharmacies offering lower prices compared to some U.S. pharmacies[5].

Sources

1. 2018 Global Oxiconazole nitrate (CAS 64211-46-7) Industry Report - MarketPublishers
2. Oxiconazole topical Prices, Coupons, Copay Cards & Patient Assistance - Drugs.com
3. Antifungal Drugs Market Projected to Reach USD 19.16 Billion by 2030 - GlobeNewswire
4. Oxiconazole Nitrate Production Cost Analysis Reports 2024 - Procurement Resource
5. Oxiconazole (Oxiconazole Nitrate) Prices - U.S. & International - PharmacyChecker