USD 13.65 billion
Report ID:
SQMIG35I2166 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
62
|Figures:
75
Atopic Dermatitis Drugs Market size was valued at USD 14.91 Billion in 2023 and is poised to grow from USD 16.28 Billion in 2024 to USD 32.91 Billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).
Growing incidence of atopic dermatitis around the world and increasing awareness regarding the same are forecasted to bolster the sales of atopic dermatitis drugs over the coming years. Rising spending of people on dermatological procedures and high emphasis on providing pediatric dermatology procedures are estimated to bolster the demand for atopic dermatitis drugs in the future. Advancements in drug development technologies and rising investments in R&D of novel atopic dermatitis drugs are also slated to create new opportunities for market players going forward. Topical corticosteroids, calcineurin inhibitors, immunomodulators, and biologic agents are being used extensively for the treatment of atopic dermatitis in the long run. However, high costs of biologic therapies, side effects and safety concerns, challenges in long-term management, and limited access in low to middle income companies are projected to hurt the sales of atopic dermatitis drugs on a global level through 2031 and beyond. US Atopic Dermatitis Drugs Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.65 billion
Largest Segment
Topical
Fastest Growth
Topical
Growth Rate
9.2% CAGR
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Global Atopic Dermatitis Drugs Market is segmented By Drug Class, By Route Of Administration, By Distribution channel and Region. Based on Drug Class, the market can be segmented into Corticosteroids, Calcineurin Inhibitors, PDE4 Inhibitors, Biologics, Others. Based on Route of Administration, the market can be segmented into Topical, Injectable, Oral. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Retail Pharmacies, Online Pharmacies. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Route of Administration
Topical administration of atopic dermatitis drugs is projected to account for a significant chunk of the global atopic dermatitis drugs market share going forward. High convenience, easy availability, and high efficacy in the treatment of symptoms of atopic dermatitis are factors helping this segment maintain its dominance on a global level. High safety and tolerability by different patients are also expected to bolster the demand for topic atopic dermatitis medications in the future. Topical treatments are often used as the first line of defense against most dermatological conditions, which is also expected to favor the high share of this segment in the long run.
On the other hand, the demand for injectable atopic dermatitis drugs is forecasted to increase at a notable pace over the coming years. The growing use of novel biologic agents and immunomodulatory for the treatment of atopic dermatitis is expected to create new opportunities for atopic dermatitis drug providers focusing on this segment going forward. Surging demand for highly effective treatments for atopic dermatitis and the growing use of oral and injectable therapies in combination for faster treatment are also slated to bolster the sales of injectable atopic dermatitis drugs across the study period and beyond.
Analysis by Drug Class
Biologics are forecasted to bring in the most revenue for atopic dermatitis drugs providers in the future. Growing investments in the research and development of novel biologics and high efficacy of biologics as they target the inflammatory mechanisms are expected to aid the high atopic dermatitis drugs market share of this segment over the coming years. Rising approval of new biologics and expansion of biologic product pipeline for atopic dermatitis treatment are also further cementing the dominance of this segment through 2031 and beyond. However, biologics are mostly prescribed in severe or late-stage cases of atopic dermatitis, which limits its market share to a certain extent.
On the other hand, the use of PDE4 inhibitors for the treatment of atopic dermatitis is forecasted to increase at an impressive pace in the future. Increasing availability of atopic dermatitis drugs with PDE4 inhibitors and increasing product approvals of the same are expected to create new opportunities for atopic dermatitis drug suppliers in the long run. This type of drugs work on treating dermatological diseases by blocking the enzyme phosphodiesterase 4 (PDE4). However, side effects such as abdominal pain, headache, depression, weight loss, and nausea are expected to limit the sales of atopic dermatitis drugs utilizing PDE4 inhibitors in the long run.
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The presence of leading atopic dermatitis drug providers allows North America to account for a prominent chunk of the global atopic dermatitis drugs market size in the future. High healthcare spending potential, high prevalence of dermatological diseases, and availability of favorable reimbursement policies are estimated to further cement the dominance of North American region. The United States is estimated to bring in the most revenue for atopic dermatitis drug providers looking to make a mark in this region. Rising investments in R&D of novel dermatitis treatments and frequent product approvals are also creating new opportunities for atopic dermatitis drug suppliers in North America.
Asia Pacific is forecasted to emerge as the fastest-expanding market for atopic dermatitis drugs in the world. Growing awareness regarding atopic dermatitis, rising healthcare expenditure, and increasing spending on dermatological care are forecasted to be key factors boosting sales of atopic dermatitis drugs in this region. China, Japan, and India are expected to be highly opportune markets owing to the presence of a massive population in these countries. Changing lifestyles and growing urbanization are also expected to indirectly influence the demand for atopic dermatitis drugs in this region across the forecast period and beyond.
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Atopic Dermatitis Drugs Market Drivers
High Incidence of Atopic Dermatitis
Growing Awareness and Diagnosis
Atopic Dermatitis Drugs Market Restraints
Side Effects and Safety Concerns
High Costs of Biologic Therapies
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Atopic dermatitis drug suppliers should focus on expanding their business scope across multiple regions to boost sales in the future. Developing affordable yet effective biologic drugs is slated to be the prime focus of almost all atopic dermatitis drug companies going forward. Acquiring product approvals from regulatory bodies and increasing awareness regarding atopic dermatitis are also key strategies for atopic dermatitis drug providers in the long run.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising prevalence of atopic dermatitis and high use of biologics for dermatitis treatment are projected to be key drivers for atopic dermatitis drugs market development going forward. On the contrary, risk of side effects and high costs of biologic therapies are estimated to impede adoption of atopic dermatitis drugs in the long run. North America is expected to spearhead the demand for atopic dermatitis drugs owing to the presence of a strong healthcare infrastructure in this region. Utilization of personalized medicine and JAK inhibitors are key atopic dermatitis drugs market trends for companies looking to expand their business in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 13.65 billion |
Market size value in 2031 | USD 30.14 billion |
Growth Rate | 9.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Atopic Dermatitis Drugs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atopic Dermatitis Drugs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atopic Dermatitis Drugs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atopic Dermatitis Drugs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35I2166
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