Global atopic dermatitis market to reach $22.6 billion by
Portland, OR, Sept. 13, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Atopic Dermatitis Market generated $5.3 billion in 2021 and is expected to reach $22.6 billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Market size in 2031||$22.6 billion|
|Number of pages in the report||293|
|Segments Covered||Drug class, route of administration, distribution channel and region|
|Drivers||Significant increase in demand for innovative biologics and product approvals|
|Increased investment in healthcare solutions and infrastructure|
|Opportunities||Prevalence of favorable reimbursement policies in emerging countries|
|Ongoing technological advances|
|Poor refund policies in developing regions|
- The global atopic dermatitis market has witnessed a negative impact due to the presence of lockdowns in many countries during the pandemic. Patients feared being infected with COVID-19.
- Most patients believed that people with skin diseases were more likely to be infected with COVID-19 than the general population. Thus, patients negatively rated the availability of dermatological treatments during the pandemic.
- In addition, many medical professionals have focused on prioritizing treatment of COVID-infected patients due to the increase in the number of infection cases.
- However, rapid advancements in drug development and increasing investment in healthcare are expected to recover market growth.
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The report offers a detailed segmentation of the global atopic dermatitis market based on drug class, mode of administration, distribution channel, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
Based on drug class, the biologics segment held the largest market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leading status during the forecast period. Also, the same segment should cite the Fastest CAGR of 15.5% during the forecast period. The report also analyzes other market segments such as Calcineurin Inhibitors, PDE-4 Inhibitor, Corticosteroids and others.
Based on the mode of administration, the injectables segment held the dominant market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leading status during the forecast period. Also, the same segment is expected to quote the fastest CAGR of 15.5% during the forecast period.
Based on the distribution channel, the hospital pharmacy segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The online pharmacy segment, on the other hand, is expected to quote the fastest CAGR of 15.9% during the forecast period.
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According to the region, the North America market held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 16.2% during the forecast period.
Key players analyzed in the Global Atopic Dermatitis Market report include AbbVie Inc., Arcutis Biotherapeutics, Inc., Asana Biosciences, Inc., Astellas Pharma, Inc., Bayer AG, Inc., Bristol-Myers Squibb Inc. , Dermavant Sciences, Inc., Eli Lilly and Company, Inc., Galderma, Inc., Incyte Corporation, Inc., Leo Pharma, Inc., Novartis AG, Otsuka Pharmaceuticals Co., Ltd., Pfizer Inc., Regeneron Pharmaceuticals, Inc., Sanofi SA, Inc. and Viatris, Inc.
The report analyzes these key players of the global atopic dermatitis market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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