Drug makers Harness Experimental Biologics to Broaden Pipeline in Atopic Dermatitis Drugs Market, New Therapies to Help Market Clock CAGR of ~27% during 2019 - 2027:TMR
ALBANY, N.Y., Sept. 14, 2020 /PRNewswire/ -- High prevalence and recurrence rate of moderate-to-severe atopic dermatitis, one of the most common chronic inflammation of the skin, has spurred research, paving the way to new therapies in atopic dermatitis drugs market.
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High risk of recurrence in adults has nudged healthcare companies to take part in the development of novel therapies to overcome the side effects associated with traditional immunosuppressant medications. In this regard, experimental biologics are attracting sizable research interest.
The share of the biologic drug segment in the global atopic dermatitis drugs market is expected to rise from ~42% in 2018 to ~77% in 2027.
Overall, the global market is expected to expand at robust CAGR of 27% from 2019 to 2027. In 2018, its revenue was pegged at ~US$ 2.2 Bn.
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Key Findings of Atopic Dermatitis Drugs Market Report
-- Retail pharmacies are one of the promising segments in the market based
on distribution channel
-- The segment to expand from ~US$ 1.3 Bn in 2018 to ~US$ 15.3 Bn by the
end of 2027
-- Of all the drug classes, biologics held the leading market share in 2018
-- PDE4 inhibitors segment is the second-leading segment, and is expected
to rise at promising growth rate during 2019 - 2027
-- North America contributed the major share in 2018
-- The aforementioned segment is trailed by Europe market
-- The fastest growth rate during the forecast period is expected to come
from Asia Pacific
Explore 145 pages of top-notch research, incisive insights, and detailed country-level projections on Atopic Dermatitis Drugs Market (Drug Class: Corticosteroids, PDE4 Inhibitors, Biologics, Skin Barrier Emollients, CNI Immunosuppressants, Others; Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/73639
Atopic Dermatitis Drugs Market: Key Driving Factors and Promising Avenues
-- Pressing need for the incidence and prevalence in atopic dermatitis is
continuously expanding the pipeline in atopic dermatitis drugs market.
Per a recent finding, 20% of children and 10% of adults in
industrialized countries suffer from this chronic inflammatory skin
disease
-- According to a recent epidemiological data, the prevalence is 15-30% in
both cohorts.
-- Demand for novel, targeted therapies are attracting the interest of
industry players, owing to the potential in increasing the effectiveness
of severe atopic dermatitis treatments.
-- The focus on new treatment pathways through experimental biologics is a
prominent example of modern therapies.
-- Increasing understanding of pathogenesis of the diseases has shifted the
attention away from traditional immunosuppressant, opening new avenues
in the atopic dermatitis drugs market.
-- The prevalence of eczema is spurring developments in PDE4 inhibitors
segment
-- A multidimensional approach toward the development of pharmacological
therapies is boosting new opportunities in the atopic dermatitis drugs
market.
-- Growing preference of biologic drugs is one of the key trends that have
set the pace of innovation in drug pipelines.
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Atopic Dermatitis Drugs Market: Regional Landscape
Regionally, rapidly increasing approvals and fast-paced commercialization of novel therapeutics are the key factors cementing the revenue potential of North America atopic dermatitis drugs market. The regional market is expected to see rapid penetration, with major share of opportunities to come from the U.S. and Canada.
On the other hand, Asia Pacific is expected to rise at remarkable pace during the forecast period. The growing number of new entrants and rise in research investments by established players in this region are boosting the growth. A large patient population has also kept the region increasing lucrative avenue for various drugs makers in the atopic dermatitis drugs market.
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Atopic Dermatitis Drugs Market: Competitive Landscape
Numerous players in recent years have increased their stakes in biologics to gain a competitive edge. They are trying to get fast approvals by agencies such as the U.S. FDA. Most companies are expanding their understanding of the immune and inflammatory pathways underlying severe atopic dermatitis.
Some of the well-entrenched stakeholders in the atopic dermatitis drugs market are Teva Pharmaceutical Industries Ltd., Bausch Health, Novartis AG, Sanofi, and Pfizer, Inc.
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The Atopic Dermatitis Drugs market is segmented based on:
Drug Class
-- Corticosteroids
-- Calcineurin Inhibitors
-- PDE4 Inhibitors
-- Biologics
Distribution Channel
-- Hospital Pharmacies
-- Retail Pharmacies
-- Online Pharmacies
Region
-- North America
-- US
-- Canada
-- Europe
-- Germany
-- France
-- Italy
-- Spain
-- U.K.
-- Rest of Europe
-- Middle East and Africa
-- GCC Countries
-- South Africa
-- Rest of Middle East & Africa
-- Asia Pacific
-- China
-- Japan
-- India
-- Australia & New Zealand
-- Rest of Asia Pacific
-- Latin America
-- Brazil
-- Mexico
-- Rest of Latin America
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