Atopic Dermatitis Treatment Market - Forecast(2024 - 2030)
Atopic Dermatitis Treatment Market Overview
The Atopic Dermatitis Treatment Market size is estimated to reach $24.8 billion by 2027. Furthermore, it is poised to grow at a CAGR of 12.3% over the forecast period of 2022-2027. Atopic dermatitis is an inflammatory disease affecting the skin and makes rashes-patches available on the neck-face and eyes in adults/children. Further, atopic eczema has become a proficient reason for ill-mental health, as children suffering from such conditions often feel left-out or distinct, thereby affecting their long-haul personality. The skin condition medications range from the use of corticosteroids to advancing biologics. The latter part, biologics , have been gaining immense market traction owing to their power to work at sub-molecular levels, without aggravating prior symptoms. It is rudimentary to know that skin barrier dysfunction forms the first reason for the development of atopic dermatitis. Moreover, serious complicating diseases such as eczema herpeticum affects people suffering from atopic dermatitis, the said condition occurs when the person encounters the herpes virus. The said rash treatment can be countered with antibiotics and other viral medications.?The launch of new products within the market supplemented by the large, afflicted population pool has been recognized as the key factor driving the Atopic Dermatitis Industry forward in the projected period of 2022-2027.
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Report Coverage
The report:?“Atopic Dermatitis Treatment Market Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Atopic Dermatitis Treatment Market.
By Drug Type- Corticosteroids, Calcineurin Inhibitors, PDE4 inhibitors, Biologics, and others.
By Route of Administration- Topical and Oral.? ? ?
By Distribution Channel – Offline and Online Channel.?
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
Atopic Dermatitis Treatment Market Segmentation Analysis- By Drug Type
The atopic dermatitis treatment market based on Drug Type can be further segmented into Corticosteroids, Calcineurin Inhibitors, PDE4 inhibitors, Biologics, and others. Corticosteroids held a dominant market share in the year 2021. It is owing to the wide prevalence and the first deterrent or line of defense for the treatment of the discussed condition. As per the preliminary studies, doctors recommend corticosteroid gels or ointments to start the treatment. Further, corticosteroid gels and ointment cost less, thereby making it popular in low-and middle-income countries.
However, the Biologics segment is estimated to be the fastest-growing, with a CAGR of 13.1% over the forecast period of 2022-2027. Biologics has been a growing field of study to treat cases where other lines of defense do not work such as by Corticosteroids and Calcineurin Inhibitors. Various randomized trials have been conducted; an interesting study found that the use of Baricitinib?along with topical corticosteroids aided fruitful results in people suffering from moderate to severe atopic dermatitis. A randomized clinical trial of 329 adults with moderate to severe AD, as per the benchmarking, the combination treatment showed /achieved results of 31% differential (of patients receiving 4 mg of baricitinib with TCS therapy) and 24% of patients receiving 2 mg of baricitinib with TCS therapy compared with 15% receiving placebo with TCS therapy. Owing to such efficacy, the said segment would outpace the others.
Atopic Dermatitis Treatment Market Segmentation Analysis- By Distribution Channel
The atopic dermatitis treatment market based on distribution channels can be further segmented into offline and online channels. Offline held a dominant market share in the year 2021. It is owing to the treatments, particularly the injectables must be purchased via hospital pharmacies. In cases of severe cases of atopic dermatitis, doctors would have to provide corticosteroids via injection, as the medicine dissolved faster and provide effects within minutes. Moreover, retailer pharmacists provide ready discounts on repeated purchases of medication, thereby retaining a major proportion of consumers.
However, online channels are estimated to be the fastest-growing, with a CAGR of 13.2% over the forecast period of 2022-2027. It is owing to the widespread availability of the internet across geographies, with an additional impetus of new med-tech companies launching applications, which allows for easy medicine delivery and treatment. Further, independent discounts provided by third-party sellers allow the market to grow deeper. For example, on the TATA-1MG platform, Antonide-H Cream having hydrocortisone is available at a 20% discount on the MRP, further, a special discount on choosing online payment gives impetus to consumers to order.
Atopic Dermatitis Treatment Market Segmentation Analysis- By Geography
The Atopic Dermatitis Treatment market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 33% as compared to the other regions in 2021. The predominant companies are headquartered in the USA, which gives an overall edge over the other regions. Further, companies (offering treatment medicines), on average allocated 15-20% of their revenue to R&D, which allows them to provide better offerings in the highly competitive market. Moreover, the US Government spends close to $4.1 trillion for healthcare, which gives a significant impetus to private companies.
However, Asia-Pacific is expected to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the rising initiatives taken by the government to tackle the said disease by working at the top and bottom levels. Further, India saw an increment of 137% in its healthcare spending which would allow for better medical discoveries.