The Global Atopic Dermatitis Drugs Market is valued at US $5.65 Billion in 2022 is anticipated to reach a value of US $8.60 Billion in 2030, growing at a CAGR of 5.4%.
The market size for drugs used to treat atopic dermatitis sheds light on important trends and vigour into the development of the industry, including market growth, challenges, and opportunities. The paper discusses the intense competition that exists in the global market for drugs to treat atopic dermatitis. The study profiles the major market participants and offers analytical details about them, including corporate summaries, product and revenue segmentations. For the period, estimates and forecasts are provided annually. The markets for Atopic Dermatitis Drugs are also given a six-year historical study. Primary and secondary research are the sources of market data and analytics. The majority of the material in company profiles is found in the public domain.
The global Atopic Dermatitis Drugs market has been divided by vendor list, product, application, and region by the report’s writers. Market share, production, consumption, revenue, CAGR, market size, and other aspects are taken into account when analysing different market segments for Atopic Dermatitis Drugs globally. Leading companies in the global Atopic Dermatitis Drugs market have been identified by the analysts, who also considered their latest innovations, market share, revenue, product portfolio, and other factors.
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Segmental Analysis of Global Atopic Dermatitis Market:
Based on Drug Class
• Corticosteriods
• Calcenriun Inhibitors
• PDE4 Inhibitors
• Biologic
• Others
Corticosteroids have been the mainstay for AD treatment. Being the first-line therapy, this drug class is projected to maintain sizeable share in the market through 2022. Corticosteroids accounted for about 45.0% share in the market. Calcineurin inhibitors are proven to increase the chances of nephrotoxicity and carcinogenesis. Non-specificity, toxic effects, and development of resistance to this therapeutic class are poised to stifle the growth of the segment and encourage switching to other targeted therapies.
Based on Route of Administration
• Oral
• Injectable
• Tropical
Topical products led the market and represented 70.0% of the market. Topical corticosteroids are the most widely prescribed medications for AD. They are often administered in combination with moisturizers or emollients for more effective results.
Based on Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Geographical Analysis of Global Atopic Dermatitis Market:
The Global Atopic Dermatitis Market is further segmented into five major countries- North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The U.S. market is anticipated to register a healthy CAGR during the forecast period. Increasing incidence of atopic dermatitis, soaring treatment rate, and inflated drug prices are some of the key trends augmenting revenue generation in the country.
Increased awareness about atopic dermatitis, favourable medical reimbursement policies and well-established healthcare facilities are projected to leverage Europe’s market share.
Competitive Landscape:
Abbvie INC., Bausch Health Companies Inc., Bayer AG, Bristol-Myers Squibb Company, Pfizer, Eli Lilly, Teva Pharmaceutical Industries Ltd., Novaritis AG, Sanofi S.A, GlaxoSmithKline PLC.
Key Players: Abbvie INC., Bausch Health Companies Inc., Bayer AG, Bristol-Myers Squibb Company, Pfizer, Eli Lilly, Teva Pharmaceutical Industries Ltd., Novaritis AG, Sanofi S.A, GlaxoSmithKline PLC.
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Market Opportunities:
During the forecast period, the atopic dermatitis market is anticipated to expand significantly. This is because there is a greater need for product approvals and new biologics, there are more AD industries, and novel pipeline medications are developing quickly. Government measures to deliver better and more affordable healthcare are also anticipated to contribute to the market’s rapid expansion. Similar to this, the market’s expansion is probably aided by the favourable reimbursement practises in developing nations and the significant importance of atopic dermatitis. Additionally, it is anticipated that the increase in funding, along with the expansion of government support and numerous technological advancements, will create a variety of opportunities for the global market for atopic dermatitis medications between 2023 and 2032.
Market Restraints:
Topical steroid treatments will be trouble- and risk-free if they last less than four weeks. Topical steroids with mild side effects are less harmful. The body may experience negative effects through repeated usage of short, severe doses of steroids or from long-term topical steroid use. The prolonged use of strong steroids is the key issue. Systemic and local side effects are associated with topical steroids. Local side effects refer to a specific area of the skin, whereas systemic side effects refer to a problem affecting the whole person.
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