The global atopic
dermatitis drugs market is likely to expand substantially in the years
to come owing to progress made in various drug classes. The market is estimated
to rise at a double-digit growth rate of 27% CAGR, over the timeframe of
forecast, 2019 to 2027. The global atopic dermatitis drugs market is
anticipated to acquire prominence reaching value of US$ 19.6 Bn through 2027.
Atopic dermatitis (AD) refers to
a common type of eczema, which affects a large percentage of the population
across the globe. Atopic dermatitis, though, can happen at any point of time in
one’s life, but it generally affects children and infants. Atopic dermatitis,
however, lessen its impact with age. With increased prevalence of atopic
dermatitis is likely to back growth of the global atopic dermatitis drugs market
over timeframe of assessment.
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Bristol-Myers Squibb Company,
Anacor Pharmaceutical Inc., Regeneron Pharmaceuticals, Inc., Novartis
International AG, Allergan Plc., and Astellas Pharma, Inc. are some of the
renowned companies found in the global atopic dermatitis drugs market.
Increased Awareness about Various
Treatment Options to Boost North America Market
The global atopic dermatitis
drugs market has been segmented into the major geographies of North America,
Europe, Asia Pacific, Middle East and Africa, and Latin Africa. Region-based
segmentations offer a detailed view of the market in various parts of the
world.
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In the global atopic dermatitis drugs market,
North America is likely to offer high growth opportunity over the assessment
tenure. Growth of the North America atopic dermatitis drugs market is ascribed
to the awareness about available treatment options amongst the people. Canada
and the U.S. is estimated to spearhead the growth of the regional market owing
to early adoption of new medications, increased collaboration between
pharmaceutical companies, improved healthcare infrastructure, and better
reimbursement policies. All such factors combines add to the growth of the
global atopic dermatitis drugs market during the forecast timeframe.
Increased Prevalence of Atopic
Dermatitis to Spell Growth for the Market
The global atopic dermatitis
drugs market is expected to be primarily driven by the rising occurrences of
atopic dermatitis drugs all over the globe. Allergy of any kind plays an
important role in the life of a person with atopic dermatitis. This condition
generally flares up when a person with atopic dermatitis disease is around
substances that can cause allergic reactions. Mostly affecting children and
infants, atopic dermatitis, is estimated to account for around 10 to 20% of
those suffering from eczema, according to the data of American College of
Allergy, Asthma & Immunology.
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The global atopic dermatitis
drugs market is forecasted to ride high with the introduction of new treatment
methods and biologics and improvement in the diagnostics technology. In
addition, replacement of second-line and primary therapies along with
premium-priced drugs is likely to offer ample scope of growth of the global
atopic dermatitis drugs market.
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