Atopic Dermatitis Market Insights
Global Atopic Dermatitis Market is expected to garner a CAGR of 8.2% during the forecast period (2017 – 2023) says Market Research Future (MRFR). Increase in the severity of pollution is observed to be a predominant factor that is likely to surge the atopic dermatitis market.
The increase in number of people suffering from eczema is observed to propel the atopic dermatitis market growth. Although, eczema is a genetic disorder, environmental and physiological factors intensify its effects. Atopic dermatitis is characterized by itchy inflammation of skin, which is induced by environmental factors like pollution, greenhouse gases, and harmful ultraviolet radiation. The escalation of these factors is expected to surge the atopic dermatitis market.
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Today, due to changing lifestyle, atrophy in dietary nutrition is prevailing. As a result, a decline in the efficiency of body’s immune system is noted. Consequently, human beings are more prone to be affected by micro-organism and allergens, which are other factors causing atopic dermatitis. The increase in number of people afflicted with the previously mentioned physiological factors is expected to amplify the atopic dermatitis market expansion. Moreover, items like soap, fabrics, and cosmetics can also prompt atopic dermatitis. Hence, the lack of awareness of factors that can beget atopic dermatitis is anticipated to fuel the market growth. However, expensive treatment and meager reimbursement policies can constraint the growth of the atopic dermatitis market.
Atopic Dermatitis Market Segmental Overview
The segmental analysis provides a comprehensive understanding of the market that allows the identification of numerous growth opportunities of the market. The atopic dermatitis market study has been segmented based on type, application, and end-user.
Based on the type, the atopic dermatitis market has been segmented into interferon, calcitonin, monoclonal antibodies, hormone, erythropoietin, and others.
Based on application, the atopic dermatitis market has been segmented into, infectious diseases, cancer, blood disorders, chronic diseases, and others.
Based on end-users, the atopic dermatitis market has been segmented into research centers, clinics, and hospitals.
Atopic Dermatitis Market Regional Outlook
Based on the region, the atopic dermatitis market has been segmented across Americas, Asia Pacific, Europe, and Middle East Asia and Africa.
The regional insights suggest that the Americas is accounted for securing the superiority in the global atopic dermatitis market. Factors like continuous technological upgradations, hike in number of patients lacking filaggrin protein, rising incidences of atopic disorder, high healthcare spending, and aggressive initiatives taken by the government to support for research & developmental activities are noted to boost the regional market. As products like soaps, detergents, perfumes, cosmetics are gaining ground in the region, the chances of people likely to develop atrophic dermatitis is high.
Europe, after the Americas, is expected to hold the second position in the global atopic dermatitis market. The growing support from the government for research & development undertakings and surge in the availability of funds for the same are drivers expected to escalate the regional market growth. To illustrate the aforementioned, the increase in investment by strong economies like Germany and France in the healthcare sector is expected to trigger the European atopic dermatitis market growth.
The Asia Pacific atopic dermatitis market is projected to expand with the highest pace. The existence of rapidly advancing healthcare technology, huge patient pool, and hike in healthcare expenses are factors that can fuel the regional market growth.
In the Middle East and Africa, the atopic dermatitis market is likely to experience stagnancy in growth due to unorganized medical infrastructure and escalating cases of genetic disorders.
Atopic Dermatitis Market Key Players
Sanofi S.A. (France), Regeneron Pharmaceuticals, Astellas Pharma Inc. (Japan), Inc. (U.S.), Valeant Pharmaceuticals International, Galderma S.A. (Switzerland), Allergan Plc. (Republic of Ireland), Inc (Canada), Meda Pharmaceuticals (U.S.), Pfizer Inc. (U.S.), Anacor Pharmaceuticals Inc. (U.S.), Novartis International AG (Switzerland), Bristol-Myers Squibb (U.S.),
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Pfizer announced that its new drug, Abrocitinib, to have cleared its clinical trials and emerge as an effective oral treatment for severe atopic dermatitis. Whereas, Arcutis, Inc. announced initiation of clinical trial for ARQ-151, which is expected to be a potential cure for atopic dermatitis.
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