Skin Hives Treatment Market Trends | Growth, Top Products & Forecast 2025 | Top key players - Galderma, F. Hoffmann-La Roche Ltd, Novartis AG.

The Global Skin Hives Treatment Market reached USD 2.6 billion in 2022 and is expected to reach USD 5.7 billion by 2031 growing with a CAGR of 10.5% during the forecast period 2024-2031.

Skin Hives Treatment Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new opportunities in today's rapidly evolving global landscape.

The Skin Hives Treatment Market refers to the global industry focused on developing and providing therapies for hives (urticaria), a skin condition marked by red, itchy welts. This market includes antihistamines, corticosteroids, and emerging biologics, driven by rising allergy cases and awareness of skin health. It supports patients in managing flare-ups and improving their quality of life.

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Market opportunities and Growth Drivers:

Increasing Clinical Trials Drive the Growth of the Skin Hives Treatment Market

The number of clinical trials focused on treating skin hives, also known as urticaria, is steadily increasing-and this trend is expected to help the skin hives treatment market capture a significant share in the coming years. These clinical studies offer valuable insights into the root causes and triggers of urticaria, providing a strong foundation for developing more effective and targeted treatments.

A recent example comes from June 21, 2022, when Celldex Therapeutics, Inc. announced the dosing of the first patient in a Phase 2 clinical trial of barzolvolimab, a promising treatment for chronic spontaneous urticaria. Barzolvolimab is a humanized monoclonal antibody that targets the receptor tyrosine kinase KIT, binding to it with high specificity and effectively blocking its activity.

These kinds of advancements through clinical research are paving the way for innovative therapies that aim to treat urticaria at its source, further accelerating growth in the skin hives treatment market.

Skin Hives Treatment Market Recent Development:

FDA Approves Self-Administration of TEZSPIRE for Severe Asthma and Chronic Urticaria

On February 2, 2023, Amgen and AstraZeneca announced that the U.S. FDA approved TEZSPIRE (tezepelumab-ekko) for self-administration using a pre-filled, single-use pen. This approval applies to patients aged 12 and older who suffer from severe asthma and chronic urticaria, offering them greater flexibility and convenience in managing their conditions. TEZSPIRE is also being evaluated for other potential uses, including chronic obstructive pulmonary disease (COPD), chronic rhinosinusitis with nasal polyps, chronic spontaneous urticaria, and eosinophilic esophagitis (EoE).

Novelty Nobility and ValenzaBio Partner on Promising Chronic Urticaria Treatment

On January 5, 2023, Korean biotech firm Novelty Nobility shared two major announcements. First, it confirmed the acquisition of its U.S. partner ValenzaBio by biopharmaceutical company Acelyrin. Second, it revealed the transfer of NN2802, its pre-IND anti-c-KIT drug candidate for chronic urticaria, to ValenzaBio in a deal valued at $733.25 million. This move marks a significant step forward in developing more effective therapies for chronic urticaria.

List of the Key Players in the Skin Hives Treatment Market:

Otsuka Pharmaceutical Co Ltd, Taiho Pharmaceutical, Amneal Pharmaceuticals, Galderma, F. Hoffmann-La Roche Ltd, Novartis AG, Dr. Reddy's Laboratories, Glenmark Pharmaceuticals, Genentech, Inc., and Sanofi SA among others.

Research Process:

Both primary and secondary data sources have been used in the global Skin Hives Treatment Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Skin Hives Treatment Market:

By Type: Chronic Hives, Acute Hives.

By Treatment: Anti-Inflammatory Drugs, Anti-Itch Drugs, Antihistamines, Topical Steroids, Topical Anesthetics, Immunosuppressants, H2 Antagonists, Others.

By Route of Administration: Oral, Topical, Parenteral.

By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Retail Pharmacies.

Regional Analysis for Skin Hives Treatment Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

People Also Ask:

Most Frequently Asked Questions in the Skin Hives Treatment Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Skin Hives Treatment market?

➠ Who are the top manufacturers in the global Skin Hives Treatment industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Skin Hives Treatment market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Skin Hives Treatment market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Skin Hives Treatment industry landscape?

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