Atopic Dermatitis Drugs Market to Rise at a CAGR of 14.7% during Forecast Period, observes TMR Study

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Aug 23, 2022, 07:30 ET

The primary factor influencing the market for atopic dermatitis drugs is the high prevalence of atopic dermatitis throughout the world
Commercialization of innovative therapeutic medications under clinical trial are anticipated to drive global atopic dermatitis market during the forecast period

WILMINGTON, Del., Aug. 23, 2022 /PRNewswire/ -- In 2021, value of the global market for atopic dermatitis drugs stood at US$ 6 Bn in 2021. The global market is anticipated to advance at a CAGR of 14.7% during the forecast timeline, from 2022 to 2031. The value of global atopic dermatitis drugs market is estimated to be over US$ 29.4 Bn by 2031. Due to the rising occurrence of the condition throughout the world, the market for atopic dermatitis drugs is anticipated to expand quickly over the forecast timeline. The demand for appropriate atopic dermatitis treatment medications like antihistamines and cyclosporine for atopic eczema has grown.

Governments from a number of developed and developing nations are taking part in campaigns to raise knowledge about the treatments for atopic dermatitis. The desire for new, more effective therapies for atopic dermatitis is also increasing as a result of the advent of new medications for the condition and a rise in clinical studies.

As a result of atopic dermatitis drugs manufacturers investing more money in the development of novel pharmaceuticals to treat the condition. This is likely to raise demand for atopic dermatitis drugs. This has led to the creation of positive outlook for the global atopic dermatitis drugs market. For the cure of atopic dermatitis, Pfizer and Sanofi, have launched a number of medications. The FDA in the US has approved these medicines.

The disorder occasionally flares up and spreads, and it can be persistent. Drugs for atopic dermatitis, such as atopic eczema steroids, are utilized to lessen itching, treat eczema, and treat other atopic dermatitis-related disorders. Higher investment in R&D initiatives and also innovative pipeline medications are expected to drive growth prospects for atopic dermatitis drugs in the forthcoming years.

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Key Findings of Market Report

In 2017, over 900 million individuals worldwide were affected by skin diseases, with the five most frequent types—including atopic dermatitis—accounting for almost 80% of all skin problems. Significant rise in the occurrence of atopic dermatitis worldwide is expected to drive the global atopic dermatitis drugs market. Each year, 1% to 3% of adults and around 15% to 20% of kids suffer from atopic dermatitis.
The use of biologic medications in dermatology has changed how dermatological illnesses, particularly atopic dermatitis, are treated. Leading biopharmaceutical businesses are investing considerably on mergers and acquisitions, developing biologic products, and working together strategically. Biologics have demonstrated a good response to atopic dermatitis, improving quality of life in general. As a result, there is now a greater need for biologic treatments for atopic dermatitis. The market is anticipated to increase as a result of this trend, which is anticipated to last for a few years.
In 2021, the retail pharmacies category held a significant portion of the distribution channel with a share of almost 65%. The expansion of retail pharmacies and rise in patient buying power can be attributed to its growth opportunities in atopic dermatitis drugs.

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Global Atopic Dermatitis Drugs Market: Growth Drivers

Based on drug type, the biologics category held a 76% global share of the atopic dermatitis drugs market in 2021. Throughout the forecasting period, the tendency is expected to persist. Atopic dermatitis is becoming more common, and since biologics block the inflammatory response that causes the illness to develop, it is projected that this trend is expected to propel the market. Atopic dermatitis affects 8% to 15% of children worldwide, in accordance with the Dermatology Therapeutics Area Working Group.
In 2021, the atopic dermatitis drugs market for atopic dermatitis drugs was dominated by North America, which held a share of around 46%. This can be attributed to the huge patient base in the region that demands effective and novel medicines.

Global Atopic Dermatitis Drugs Market: Key Players

Some of the key market players are

Sanofi S.A.
Pfizer, Inc.
Teva Pharmaceutical Industries Ltd
LEO Pharma A/S
Bausch Health Companies Inc.
Mylan N.V.

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Global Atopic Dermatitis Drugs Market: Segmentation

Drug Type

Corticosteroids
PDE4 Inhibitors
Biologics
Skin Barrier Emollients
CNI Immunosuppressants
Others

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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