ALBANY, N.Y., Sept. 14, 2020
- Targeted approach of biologic drugs in atopic dermatitis drugs market toward inflammatory responses to propel valuation of the segment to climb from ~US$ 15.3 billion in 2018 to ~US$ 15.3 billion by 2027
- Retail pharmacies to retain its popularity for end users, non-steroid-based option such as topical PDE4 inhibitor drugs to gain traction
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.
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
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
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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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