PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290828
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290828
Seborrheic Dermatitis Market size was valued at USD 2,584.9 Million in 2022, expanding at a CAGR of 11.6% from 2023 to 2030.
Seborrheic dermatitis is a mild medical illness that does not seriously injure the individual who has it. It is a very prevalent, non-contagious illness that may be treated with the bare minimum of care. Itchy red spots and oily scales are signs of seborrheic dermatitis. On the scalp and other body areas, it manifests as flaky, itchy, and dry skin. Sebaceous glands are referred to as seborrheic, and skin is referred to as derm. If it appears on an adult's scalp, it is commonly referred to as dandruff. If it affects an infant, the same ailment is referred to as cradle cap.
The risk of seborrheic dermatitis is increased by a number of skin disorders, including psoriasis, eczema, and tinea versicolor, which is the reason for fueling the market's revenue growth. According to the National Eczema Association, the prevalence of eczema peaks in early childhood and is thought to affect 1 in 10 people at some point in their lifespan. A significant element in the market's revenue growth is the rising cost of healthcare, which aids in the development of its infrastructure. The initiatives of different government bodies to develop the healthcare infrastructure by boosting financing will have an even greater influence on market dynamics.
The Global Seborrheic Dermatitis Market is segmented on the basis of Route of Administration, Treatment, Dosage Form, End-user, and Region.
The market is divided into four categories based on Route of Administration: Parenteral, Topical, Oral, and Others The topical segment dominates the market. Considering the majority of the market-available medications used to treat the ailment are designed to be administered externally. These medications come in a variety of forms and must be used topically on a regular schedule, as advised by a medical specialist. There may be further segmental expansion as a result of the rising number of topical product releases that produce positive outcomes. Popular options include topical ketoconazole. The medication takes around 4 weeks to treat the illness.
The market is divided into categories based on dosage form: Shampoos, Creams, Gels, Ointments, and Others. The market for creams had the highest CAGR, and was followed by ointments and shampoos. The latter is among the most popular approaches to treating dandruff because there are conditioners and other specifically formulated hair-washing products that promise to eliminate the problem with frequent usage.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The seborrheic dermatitis market is expected to expand the fastest in North America, due to the increasing number of pharmaceutical firms in the region dedicated to the development of novel and more effective medical therapies for the illness. According to statistics, one in every five Canadians suffers from dandruff, which may be addressed with over-the-counter shampoo. Over half of the North American population is expected to have the ailment, implying a significant demand for the product.
Seborrheic dermatitis can be treated with a variety of treatments from different businesses, including both over-the-counter and prescription medicines. F. Hoffmann-La Roche Ltd., Pfizer Inc., Bayer AG, Eli Lilly and Company, and Abbott are a few of the major companies active in the sector. The market for seborrheic dermatitis therapies is crowded with competitors, including smaller pharmaceutical firms, providers of complementary and alternative medicine, and producers of medical equipment. The market for seborrheic dermatitis treatments is continually changing, and new companies are probably going to enter the market as novel therapies are created and put to the test.
In February 2022, Arcutis announced that the final participant in the STRATUM phase 3 trials was enrolled. The purpose of the study is to comprehend how roflumilast affects individuals with seborrheic dermatitis.
The scope of this report covers the market by its major segments, which include as follows: