Atopic Dermatitis Market by Key Players, Regions, Company Profile, Growth Opportunity, and Challenges by 2030
Atopic
Dermatitis Market Overview
Atopic
dermatitis is one of the most common but severe types of eczema, which causes
red, itchy rash usually on the arms, cheeks, and legs. It makes the patient’s
skin and immune system extremely sensitive and reactive to the smallest
allergens or irritants.
Atopic
dermatitis most commonly affects children and infants, and studies show that in
recent years, one of the major causes for its prevalence is air pollution.
According
to a report published by Market Research Future (MRFR), the global atopic
dermatitis market has been assessed to witness remarkable growth at an 13.20%
CAGR over the forecast period of 2022 to 2030.
The
global atopic dermatitis market is primarily driven by the growing
prevalence of atopic dermatitis, the increasing incidence of food allergies,
and the rising level of air pollution.
Additionally,
the market in developed countries is growing due to the stable economies,
consequently enabling government authorities to invest in the healthcare
sector, the availability of the superior quality of healthcare facilities, the
high disposable income of consumers leading to the affordability of proper
treatments, and the growing investment in research and development for advanced
treatment methods of atopic dermatitis.
The
global atopic dermatitis market in developing and underdeveloped countries is
driven by the government expenditure towards growing the healthcare sector,
growing awareness among consumers about atopic dermatitis, and the presence of
a large younger population, among others.
On
the other hand, the side effects of drugs used in the treatment of atopic
dermatitis are estimated to hinder the market growth.
Regional
Analysis
North
America is the dominant region in the global atopic incontinence dermatitis
treatment market and has been assessed to lead the market over the forecast
period, owing to the extensive investment in the healthcare sector, government
expenditure towards healthcare research and development for advancement,
growing usage of cosmetics and perfumes which lead to skin irritation, and the
increasing patient population.
Europe
has been accounted for the second largest market share in the global atopic
dermatitis market. The market has been assessed to grow significantly due to
the increasing expenditure in stable economies such as France and Germany on
healthcare and ensures the affordability of high-quality medical care by
consumers owing to their steady disposable income.
The
Asia Pacific has been assessed as the fastest growing region in the global
atopic dermatitis market, owing to the increasing healthcare expenditure by the
governments in emerging economies such as China, and India, to provide
consumers with better medical facilities.
The
Middle East and Africa region has been assessed to show slow and gradual growth
over the forecast period and is expected to register the comparatively smallest
market share owing to the underdeveloped healthcare sector in the region and
the unstable economies.
Segmental
Analysis
The
global atopic dermatitis market has been segmented on the basis of type,
application, end-user, and region.
Based
on type, it is segmented into calcitonin, erythropoietin, hormone, interferon,
monoclonal antibodies, and others.
Based
on application, the atopic dermatitis market is segmented into blood disorders,
cancer, chronic diseases, infectious diseases, and others.
Based
on end-users, it is segmented into clinics, hospitals, and research centers.
Industry
News
·
May
2019 – Pfizer announced that its product, abrocitinib, cleared the trials as an
effective oral treatment for severe atopic dermatitis.
·
May
2019 – Arcutis, Inc. Announced its initiation of trials for its product,
ARQ-151, as a potential treatment for atopic dermatitis.
Key Players
The global atopic dermatitis market players are Anacor Pharmaceuticals Inc. (U.S.),
Bristol-Myers Squibb (U.S.), Meda Pharmaceuticals (U.S.), Pfizer Inc. (U.S.),
Regeneron Pharmaceuticals, Inc. (U.S.), Valeant Pharmaceuticals International,
Inc (Canada), Allergan Plc. (Republic of Ireland), Astellas Pharma Inc.
(Japan), Galderma S.A. (Switzerland), Novartis International AG (Switzerland),
Sanofi S.A. (France), and others.
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