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Cutaneous Lupus Erythematosus Diagnostic and Treatment Market Share 2024
Cutaneous Lupus Erythematosus Diagnostic and Treatment Market Share
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According to The Business Research Company's, The cutaneous lupus erythematosus market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to government and private funding, the expansion of healthcare infrastructure, increased awareness and education, enhanced support systems for patients, and the and the rising prevalence of autoimmune disorders.
The cutaneous lupus erythematosus market size is expected to see rapid growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing research and development investments, regulatory approvals and support, an aging population, enhanced patient education and awareness campaigns, and global market expansion. Major trends in the forecast period include the expansion of telemedicine, enhanced patient monitoring and management, technological integration in healthcare, the growth of personalized and precision medicine, and the and the use of genomic and proteomic technologies.
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Market Drivers and Trends:
The rising prevalence of skin infections is expected to propel the growth of the cutaneous lupus erythematosus (CLE) market going forward. Skin infections are conditions in which microorganisms, such as bacteria, fungi, or viruses, invade and multiply within the skin, leading to various symptoms and discomfort. Skin infections activate the immune system, leading to an inflammatory response to fight off the infection. In individuals with CLE, this heightened immune response can target the skin cells, worsening the symptoms of CLE. For instance, in September 2022, according to the UK Health Security Agency (UKHSA), a UK-based national executive agency, the percentage of Methicillin-resistant Staphylococcus aureus (MRSA) cases caused by skin and soft tissue infections increased to 33.7% in 2022 from 2021. Moreover, MRSA cases increased by 25.7% in the financial year from April 2020 to March 2021. Therefore, the rising prevalence of skin infections will drive the growth of the cutaneous lupus erythematosus market.
Major companies operating in the cutaneous lupus erythematosus market are innovating monoclonal antibody treatment to enhance treatment efficacy, improve patient outcomes, and provide more convenient and targeted therapies. Monoclonal antibody treatment involves using identical antibodies that are designed to target specific proteins or cells involved in disease processes to treat various conditions, including autoimmune disorders such as lupus. For instance, in August 2021, AstraZeneca Plc, a UK-based pharmaceutical and biotechnology company, developed Saphnelo (anifrolumab), approved by the Food and Drug Administration (FDA) for treating adults with moderate to severe systemic lupus erythematosus (SLE) receiving standard therapy. It represents a pioneering type I interferon receptor antibody that functions by binding to subunit 1 of the type I interferon (IFN) receptor, effectively inhibiting type I IFN activity. The heightened signaling of type I IFN correlates with escalated disease activity and severity. Saphnelo is undergoing regulatory review for lupus erythematosus in the European Union (EU) and Japan. A Phase III trial utilizing subcutaneous delivery has commenced, with further Phase III trials slated for lupus nephritis and cutaneous lupus erythematosus.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson Private Limited, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Sanofi S.A., AstraZeneca PLC, Abbott Laboratories, Novartis AG, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Teva Pharmaceutical Industries Ltd., Biogen Inc., Bausch Health Companies Inc., UCB S.A., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Lupin Limited, Allergan Inc., LEO Pharma A/S, Glenmark Pharmaceuticals Limited
Cutaneous Lupus Erythematosus Market 2024 Key Insights:
• The cutaneous lupus erythematosus market size is expected to see rapid growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Elevated Prevalence Of Skin Infections Fuels Growth In The Acute Bacterial Skin and Skin Structure Infections Market
• Innovations In Drug Delivery Transforming Cutaneous Lupus Erythematosus Treatment
• North America was the largest region in the cutaneous lupus erythematosus market in 2023
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