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Drug Price Trends for FT TIOCONAZOLE-1
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Average Pharmacy Cost for FT TIOCONAZOLE-1
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| FT TIOCONAZOLE-1 6.5% OINTMENT | 70677-1224-01 | 2.43203 | GM | 2025-05-21 |
| FT TIOCONAZOLE-1 6.5% OINTMENT | 70677-1224-01 | 2.41474 | GM | 2025-04-23 |
| FT TIOCONAZOLE-1 6.5% OINTMENT | 70677-1224-01 | 2.39376 | GM | 2025-03-19 |
| FT TIOCONAZOLE-1 6.5% OINTMENT | 70677-1224-01 | 2.36339 | GM | 2025-02-19 |
| FT TIOCONAZOLE-1 6.5% OINTMENT | 70677-1224-01 | 2.35456 | GM | 2025-01-22 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Tioconazole-1
Introduction to Tioconazole-1
Tioconazole-1, an imidazole antifungal, is widely used to treat various fungal and yeast infections, including vulvovaginal candidiasis, ringworm, jock itch, athlete's foot, and tinea versicolor. Here, we will delve into the market analysis and price projections for this essential antifungal medication.
Market Size and Growth
The antifungal treatment market, which includes tioconazole, is experiencing significant growth driven by several factors.
Global Antifungal Market
The global antifungal treatment market is projected to grow substantially. The azoles segment, which includes tioconazole, is the highest contributor to this market and is expected to grow at a CAGR of 6.44% during the forecast period from 2023 to 2031[3].
Yeast Infection Treatment Market
The yeast infection treatment market, a subset of the antifungal market, was valued at US$ 6158.8 million in 2023 and is estimated to reach US$ 10031.3 million by 2034, growing at a CAGR of 5.0%[4].
Regional Market Analysis
Americas
The Americas hold the largest market share in the global antifungal treatment market, with a 40.97% share. This region is expected to grow at a CAGR of 6.47% during the forecast period, driven by high prevalence rates of fungal diseases and significant research expenditures[3].
Europe
Europe is the fastest-growing market for antifungal treatments, with increased public awareness of fungal infections and enhanced healthcare services contributing to its growth[3].
Price Projections and Affordability
Current Pricing
Tioconazole-1 is available at various pharmacies, and prices can be significantly reduced using coupons. For instance, BuzzRx offers coupons that can save up to 80% on tioconazole-1 prescriptions at over 60,000 pharmacies nationwide[2].
Future Pricing Trends
Given the growing demand and the competitive nature of the antifungal market, prices are likely to remain competitive. However, the overall cost may increase slightly due to the rising costs of research and development and the increasing complexity of new antifungal treatments.
Factors Influencing Market and Price
Research and Development
Government support for research and development activities in creating antifungal drugs is a significant driver for market growth. This support is expected to continue, which may influence the pricing of new and existing treatments[4].
Public Awareness and Healthcare Services
Increased public awareness of fungal infections and the enhancement of healthcare services globally are key factors driving the market growth. These factors can also impact pricing as demand increases and healthcare systems invest more in antifungal treatments[3][4].
Competition and Market Dynamics
The antifungal market is bifurcated into several segments, including azoles, echinocandins, polyenes, allylamines, and pyrimidines. The competition among these segments and the entry of new treatments can influence pricing strategies and market dynamics[3].
Quality Control and Analysis
Analytical Methods
Recent studies have developed and validated microbiological and spectrophotometric methods for the quantitative determination of tioconazole. These methods ensure the quality and efficacy of tioconazole in pharmaceutical preparations, which can indirectly affect pricing by ensuring consistent quality and reducing the risk of substandard products[1].
Key Takeaways
- Market Growth: The antifungal treatment market, including tioconazole, is expected to grow significantly, driven by increased public awareness and government support for research.
- Regional Dominance: The Americas hold the largest market share, with Europe being the fastest-growing region.
- Pricing Trends: Prices are likely to remain competitive, with potential slight increases due to rising R&D costs.
- Quality Control: Advanced analytical methods ensure the quality and efficacy of tioconazole, impacting market confidence and pricing.
FAQs
What is tioconazole-1 used for?
Tioconazole-1 is an imidazole antifungal used to treat various fungal and yeast infections, including vulvovaginal candidiasis, ringworm, jock itch, athlete's foot, and tinea versicolor[5].
How is the market for antifungal treatments expected to grow?
The global antifungal treatment market is expected to grow at a CAGR of 6.44% for the azoles segment, with the yeast infection treatment market growing at a CAGR of 5.0% from 2024 to 2034[3][4].
What factors influence the pricing of tioconazole-1?
Pricing is influenced by factors such as research and development costs, public awareness, healthcare services enhancement, and market competition[3][4].
Are there any discounts available for tioconazole-1?
Yes, coupons such as those offered by BuzzRx can save up to 80% on tioconazole-1 prescriptions at participating pharmacies[2].
How is the quality of tioconazole ensured?
The quality of tioconazole is ensured through validated microbiological and spectrophotometric methods for its quantitative determination, following ICH guidelines[1].
Sources
- Elmasry, M. S.; El-Demerdash, A. S.; Sharaf, Y. A. Microbiological and spectrophotometric methods for the determination of tioconazole: A comparative thermodynamic study. Spectrochimica Acta Part A: Mol. Biomol. Spectrosc. 2023, 298, 122770. DOI: 10.1016/j.saa.2023.122770
- BuzzRx. Tioconazole-1 Coupon - Discounts up to 80% - BuzzRx.
- StraitsResearch. Anti-Fungal Treatment Market Size, Demand, Top Share, Forecast to 2031.
- Future Market Insights. Yeast Infection Treatment Market Revenue Forecast 2024-2034.
- DrugBank. Tioconazole: Uses, Interactions, Mechanism of Action - DrugBank.
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