Investments in R&D Leading to Production of Novel Drugs with Effective Healing Properties for Atopic Dermatitis: Fact.MR Study

Rising cases of allergic reactions and eczema are set to boost the atopic dermatitis market size from US$ 12.73 billion in 2024 to US$ 19.49 billion by 2034, says Fact.MR, a market research and competitive intelligence provider in its recently updated report.

Atopic dermatitis market growth is primarily driven the rising prevalence of various skin disorders including eczema across the globe. Several key market players are investing heavily on the production of novel solutions such as plant-based skin disorder drugs.

Atopic dermatitis results in high pain, inflammation, and irritation. Corticosteroids are some of the major drugs prefer to cure atopic dermatitis. This drug effectively reduces the pain, itching, and swelling.

• As per data released by National Eczema Association (NEA) 2022, for the treatment of atopic dermatitis corticosteroids are widely preferred by doctors.

North America is projected to hold a dominant global market share by 2034. The rising cases of atopic dermatitis and presence of effective treatment technologies is boosting the market growth in North America. Technological innovations and presence of cutting-edge healthcare infrastructure is fuelling sales of atopic dermatitis drugs in Europe. Asia Pacific is an emerging market for atopic dermatitis drug providers due to the existence of supportive product approval policies and growing investments in healthcare expenditures.

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Key Takeaways from the Market Study:

• The global atopic dermatitis solutions market is projected to expand at a CAGR of 4.3% from 2024 to 2034.
• Demand for atopic dermatitis in the United States is calculated at a market value of US$ 3.90 billion for 2034.
• Sales of atopic dermatitis in South Korea are projected to increase at a CAGR of 6.1% through 2034.
• Sales of corticosteroids is estimated at US$ 3.69 billion in 2024.

“Biologics is a new treatment class with a disease-centric approach is likely to boost the atopic dermatitis market growth during the coming decade”, says a fact.MR analyst.

Atopic Dermatitis Industry News:

Leading companies are making significant investments in research and development to create innovative solutions for atopic dermatitis. A key trend in the market is the rising demand for natural and plant-based medicinal products. Major players are capitalizing on this trend to maximize profits, with a strong emphasis on producing natural and organic skincare products.

In January 2022, the United States Food and Drug Administration (FDA) approved Dupixent (dupilumab) for use in children aged 6 months to 5 years.

Leading Players Driving Innovation in the Atopic Dermatitis Market:

Key industry participants like AbbVie Inc.; Galderma Laboratories LP; Mylan M.V.; Sanofi; Novartis AG.; Eli Lilly and Company (Dermira); Incyte Corporation; Pfizer Inc.; Teva Pharmaceutical Industries Ltd; Regeneron Pharmaceuticals Inc.; LEO Pharma A/S; Otsuka Pharmaceutical Co., Ltd. etc. are driving the atopic dermatitis industry.

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Winning Strategy

The global atopic dermatitis market is competitive due to the presence of prominent companies. Leading companies in this market are adopting several strategies to enhance their market position and shares. Some of the strategies include product differentiation, global expansion, customer-centric approaches, collaborations, and digital marketing. All these strategic approaches are helping them to stand out in the market and attract a wider consumer base.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global atopic dermatitis market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on product (corticosteroids, calcineurin inhibitors, immunosuppressants, biologic therapies, PDE-4 inhibitors, antibiotics, antihistamines, emollients), mode of administration (topical, oral, injectable), and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, drug stores, dermatology clinics), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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