Press release
Chronic Spontaneous Urticaria Treatment Market Size, Share, Industry, and Outlook (2024-2031)
DataM Intelligence
Global Chronic Spontaneous Urticaria Treatment Market Set to Surge with High CAGR from 2024-2031
Market Overview:
The global chronic spontaneous urticaria treatment market is poised for significant growth, with an anticipated high Compound Annual Growth Rate (CAGR) during the forecast period from 2024 to 2031. Chronic spontaneous urticaria, also known as chronic idiopathic urticaria, characterized by persistent hives, is a condition affecting patients for six weeks or longer, often accompanied by angioedema in 40% of cases. Standard management involves second-generation H1 antihistamines, and various treatment options, including monthly injections and corticosteroids, aim to alleviate symptoms.
Market Scope Metrics:
CAGR: High
Market Size: 2021-2030
Forecast Period: 2024-2031
Revenue Units: Value (US$ Mn)
Segments Covered: Treatment Type, Route of Administration, Distribution Channel, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Largest Region: North America
Fastest Growing Region: Asia-Pacific
Report Insights:
The comprehensive report covers Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.
To know more Insights Download Sample : https://www.datamintelligence.com/download-sample/chronic-spontaneous-urticaria-treatment-market
Market Dynamics:
Increasing demand for novel drugs:
The market is driven by the growing demand for novel drugs addressing unmet needs in chronic spontaneous urticaria treatment. Regulatory approvals, exemplified by the recent acceptance of Dupixent's supplemental Biologics License Application (sBLA) by the FDA, enhance patient trust in drug development.
Ongoing clinical trials, such as Novartis' ligelizumab and remibrutinib studies, showcase promising results. Research and development efforts may unveil novel therapeutic targets, meeting the demand for innovative drugs, and benefit pharmaceutical companies investing in such advancements.
Market Restraints:
Complications associated with high doses of corticosteroids and other drugs, the high cost of inflammatory myositis treatment, and the lack of optimal treatment options pose challenges to market growth.
Segment Analysis:
Antihistamines Segment:
Antihistamines account for approximately 46.3% of the market share, projected to maintain the largest market share. Drugs like cetirizine, loratadine, and bilastine are commonly used, with continuous demand and adoption. Recent launches, such as Blexten for pediatric use, indicate the segment's significance.
Geographical Share:
North America:
North America holds around 40.3% of the market share, driven by major players and robust R&D activities. The United States, a hub for pharmaceutical and biotechnology companies, witnesses active clinical trials and novel therapeutic launches. Barzolvolimab, a monoclonal antibody, completes patient enrollment, showcasing the region's commitment to innovative treatments.
Market Companies:
Major players in the global chronic spontaneous urticaria treatment market include F. Hoffmann-La Roche Ltd, Sanofi SA, Novartis AG, Bayer AG, Dr. Reddy's Laboratories Ltd, STL Pharma Pvt. Ltd., Regeneron Pharmaceuticals Inc., Genentech, Inc., Jubilant Cadista Pharmaceuticals Inc., and Horizon Therapeutics plc, among others.
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Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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