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Atopic Dermatitis Market Size Is Expected To Register A CAGR Of 13.2% To Reach USD 6.39 billion By 2032 | Report By Market Research Future

Oct 17, 2023 2:02 PM ET

Atopic Dermatitis Market Size Is Expected To Register A CAGR Of 13.2% To Reach USD 6.39 billion By 2032 | Report By Market Research Future

Market Overview

The Atopic dermatitis market Size was valued at USD 1.85 billion in 2021 and is projected to grow from USD 2.09 Billion in 2022 to USD 6.39 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.2% during the forecast period (2023 – 2032). 

Market Dynamics

During the forecast period, the market for atopic dermatitis is expected to experience substantial growth due to the rapid development of innovative pipeline drugs. In addition, the expansion of the atopic dermatitis industry and the rising demand for novel biologics and product approvals are anticipated to contribute to the growth of the market.

Additionally, the rising prevalence of atopic dermatitis and favorable reimbursement policies in developing nations are expected to fuel market growth. In addition, it is anticipated that increased government efforts to provide better and more cost-effective care, as well as greater awareness of the disease’s treatment options, will have an impact on the global market share for atopic dermatitis.

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Competitive Analysis

The market players are Sanofi S.A. (France), Pfizer Inc. (U.S), Astellas Pharma Inc. (Japan), and others.

In addition, the rapid development of technology, the increase in funding, and the expansion of government support for R&D are expected to create several new opportunities that will impact the growth of the atopic dermatitis market over the forecast period. The market is driven by an increase in the incidence of cancer, an increase in the demand for less expensive biosimilar monoclonal antibodies, a high demand for biologics, an increase in genomics R&D activities, and the introduction of technologically advanced genetic platforms such as next-generation sequencing.

Market Segmentation

The market segments, based on type, include Hormone, Erythropoietin, Monoclonal Antibodies, and calcitonin.

The atopic dermatitis market segmentation, based on Application, includes Cancer, Blood Disorders, and Chronic Diseases.

The atopic dermatitis market data has been bifurcated by End User into Hospitals, Research Centers, and Clinics. 

Regional Analysis

Global market share for Atopic Dermatitis is dominated by North America. This is primarily due to an increase in the prevalence of atopic dermatitis, increased patient awareness of treatment options, and growth in the atopic dermatitis sector. In addition, a robust healthcare system and early adoption of novel medicines in the region are anticipated to stimulate market expansion.

The market for atopic dermatitis in Europe is expanding at a significant rate. The region dominates the European market due to the high prevalence of atopic dermatitis among children, increased awareness of atopic dermatitis, favorable medical reimbursement rules, and well-established healthcare facilities that are expected to increase the U.K.’s market share. In addition, Germany held the largest market share for atopic dermatitis, while the United Kingdom was the fastest-growing market in the European region.

From 2022 to 2030, the Asia-Pacific Atopic Dermatitis Market is anticipated to grow at the highest CAGR. This is due the significant presence of rapidly evolving healthcare technology, the large patient population, and the surge in healthcare expenditure. In addition, the China market for atopic dermatitis held the largest market share, while the India market was the fastest-growing market in the Asia-Pacific region.

Browse In-depth Market Research Report (85 Pages) on Atopic dermatitis:

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