PUBLISHER: The Business Research Company | PRODUCT CODE: 1409735
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409735
“Pruritus Therapeutic Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pruritus therapeutic market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pruritus therapeutic? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pruritus therapeutic market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Pruritus therapeutic refers to the treatment of pruritus, an uncomfortable sensation that prompts a person to scratch. Pruritus can be caused by various factors, including contact with allergens, dry skin, pregnancy, and reactions to medications.
The main types of pruritus therapeutic treatments include corticosteroids, antihistamines, local anesthetics, counterirritants, immunosuppressants, calcineurin inhibitors, and others. Corticosteroids are a type of anti-inflammatory medication that closely resembles the hormone cortisol naturally produced by the adrenal glands. Pruritus can manifest in different diseases such as atopic dermatitis or eczema, allergic contact dermatitis, urticaria, cutaneous T-cell lymphoma, and others. Treatment methods include external use through application, oral administration, and injection. These therapies are commonly employed by hospitals, clinics, and other medical facilities.
The pruritus therapeutic market research report is one of a series of new reports from The Business Research Company that provides pruritus therapeutic market statistics, including pruritus therapeutic industry global market size, regional shares, competitors with a pruritus therapeutic market share, detailed pruritus therapeutic market segments, market trends and opportunities, and any further data you may need to thrive in the pruritus therapeutic industry. This pruritus therapeutic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pruritus therapeutic market size has grown strongly in recent years. It will grow from $13.1 billion in 2023 to $14.2 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historical period can be attributed to factors such as the increasing prevalence of pruritus, advancements in research and development, a growing aging population, the expansion of healthcare infrastructure, increasing awareness among patients, and collaborations and partnerships within the healthcare sector.
The pruritus therapeutic market size is expected to see strong growth in the next few years. It will grow to $19.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to factors such as continued research and innovation in pruritus therapeutic approaches, the growth of emerging markets, increased healthcare expenditure, the trend towards personalized medicine, and regulatory support for innovation in the healthcare sector. Major trends expected in the forecast period include the integration of telemedicine and digital health solutions, advancements in technology, the adoption of telehealth services, a focus on the global regulatory landscape, the development of biologics and immunomodulators, and patient-centric approaches to healthcare.
The growth of pruritus therapeutics is significantly fueled by the increasing incidences of skin disorders. Dermatologic conditions, such as acne, eczema, skin cancer, psoriasis, and vitiligo, collectively referred to as skin disorders, are on the rise. Pruritus therapeutics play a crucial role in treating various skin diseases, as pruritus is a predominant symptom in most cases. For instance, melanoma, as reported by the American Academy of Dermatology Association in April 2022, is expected to result in 7,650 deaths in 2022. Moreover, the American Cancer Society projects 97,610 new melanoma cases to be diagnosed in the United States in 2023. This increase in skin disorders underscores the driving force behind the growth of the pruritus therapeutic market.
The growth of the pruritus therapeutic market is expected to be propelled by the increasing incidence of chronic kidney disease. Chronic Kidney Disease (CKD), characterized by a gradual decline in kidney function, is linked to pruritus, commonly known as itching. The Australian Institute of Health and Welfare reported in June 2023 that CKD was responsible for around 20,000 deaths in Australia in 2021, contributing to 12% of all deaths. Furthermore, the number of CKD-related deaths has increased by 97% over the past two decades. The connection between pruritus and CKD establishes a significant driver for the pruritus therapeutic market.
Product innovation emerges as a prominent trend in the pruritus therapeutic market, with major companies focusing on the development of innovative medications and treatments for pruritus and related conditions. An example is Maruho Co., Ltd., a Japan-based pharmaceutical company, which introduced the anti-IL-31 receptor, a humanized monoclonal antibody named Mitchga Subcutaneous Injection. Launched in August 2022, it serves as a treatment for itching associated with atopic dermatitis, inhibiting IL-31 signaling and addressing pruritus and skin inflammation.
Major companies in the pruritus therapeutic market are adopting a strategic partnership approach to address moderate-to-severe atopic dermatitis. This collaborative strategy involves leveraging each other's strengths and resources for mutual benefits. Amgen Inc., a US-based biopharmaceutical company, partnered with Kyowa Kirin to investigate rocatinlimab, a potential anti-OX40 monoclonal antibody for moderate to severe atopic dermatitis. The Phase 3 trial, known as ROCKET, is a global initiative aimed at studying the safety and effectiveness of rocatinlimab. This strategic partnership underscores the collaborative efforts in advancing therapeutic solutions.
In March 2023, Ipsen, a France-based biopharmaceutical company, acquired Albireo Pharma, Inc., a US-based biopharmaceutical company. This strategic acquisition adds promising therapies for uncommon cholestatic liver disorders, novel pipeline prospects, and technical and financial strength to Ipsen's portfolio. Albireo Pharma, Inc. specializes in developing and commercializing novel bile acid modulators for the treatment of orphan pediatric liver diseases, gastrointestinal disorders, and pruritus-related conditions in drug development.
Major companies operating in the pruritus therapeutic market report are Allergan plc, Astellas Pharma Inc., Bristol-Myers Squibb Company, Cipla Inc., Eli Lilly and Company, Galderma Laboratories LP, GlaxoSmithKline plc, Merck & Co. Inc., Novartis AG, Pfizer Inc., Sanofi SA, Abbott Laboratories, Almirall SA, Eisai Co. Ltd., Glenmark Pharmaceuticals Ltd., Ipca Laboratories Ltd., Lupin Chemicals Ltd., Cara Therapeutics Inc., EPI Health LLC, AbbVie Inc., Actavis plc, Albireo Pharma Inc., Amgen Inc., Bayer AG, Bausch Health Companies Inc., Regeneron Pharmaceuticals Inc., Evelo Bioscience Inc., Huapont Life Sciences Co. Ltd., J&J Services Inc., LEO Pharma AS, MC2 Therapeutics Ltd., Mylan NV, Novan Inc., Ocera Therapeutics Inc., Trevi Therapeutics Inc., UCB SA, Viatris Inc., Teva Pharmaceutical Industries Ltd
North America was the largest region in the pruritus therapeutic market in 2023. The regions covered in the pruritus therapeutic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pruritus therapeutic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pruritus therapeutic market includes revenues earned by entities by treating pruritus conditions with medicines such as aloe vera, menthol and petroleum jelly. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.