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Impact Of Increasing Alcohol Consumption On The Chronic Spontaneous Urticaria Market: An Emerging Driver Transforming The Chronic Spontaneous Urticaria Market Landscape
Chronic Spontaneous Urticaria
What Is the Projected Growth of the Chronic Spontaneous Urticaria Market?
The chronic spontaneous urticaria market is expected to grow from $2.06 billion in 2024 to $2.23 billion in 2025, at a compound annual growth rate (CAGR) of 8.6%. This growth is driven by improved diagnostic tools, increased awareness among healthcare providers, patient advocacy, and support groups, ongoing clinical trials exploring new treatments, and rising healthcare expenditures.
The chronic spontaneous urticaria market is projected to grow to $3.08 billion by 2029 at a CAGR of 8.4%. The growth is driven by an increase in CSU diagnoses, healthcare infrastructure development, favorable regulatory environments, and patient-centric care. Trends include technology innovations, advancements in biological therapies, personalized medicine, telemedicine, AI, and surging drug approvals.
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What Are the Different Chronic Spontaneous Urticaria Market Segments?
The chronic spontaneous urticaria market covered in this report is segmented -
1) By Treatment: Medication, Phototherapy, Other Treatments
2) By Route Of Administration: Oral, Topical, Parenteral, Other Routes Of Administration
3) By Diagnosis: Physical Examination, Blood Test, Allergy Test, Other Diagnosis
4) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
Subsegments:
1) By Medication: Antihistamines, Leukotriene Receptor Antagonists, Monoclonal Antibodies, Immunosuppressants, Corticosteroids (Oral and Topical)
2) By Phototherapy: UVB Phototherapy, UVA Phototherapy, Narrowband UVB Therapy
3) By Other Treatments: Alternative Therapies, Dietary Modifications, Psychotherapy (for Stress-Related Triggers)
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What Are the Primary Drivers Shaping the Chronic Spontaneous Urticaria Market?
The rising consumption of alcohol is expected to drive the chronic spontaneous urticaria market. Alcohol consumption, influenced by various social factors, can exacerbate symptoms of chronic spontaneous urticaria in some individuals. According to rehabs.UK, 55% of men and 41% of women in the UK reported weekly alcohol consumption in 2024. With increasing hospital admissions related to alcohol use, this trend is fueling the growth of the chronic spontaneous urticaria market.
Which Companies Are Leading in the Chronic Spontaneous Urticaria Market?
Major companies operating in the chronic spontaneous urticaria market are F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi SA, AstraZeneca plc, Novartis AG, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Cipla Limited, Genentech Inc., Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals plc, Celltrion Inc., Allakos Inc., United BioPharma Inc.
What Are the Latest Developing Trends in the Chronic Spontaneous Urticaria Market?
Companies in the chronic spontaneous urticaria market are advancing next-generation Briquilimab (JSP191) to improve treatment efficacy. For instance, in November 2023, Jasper Therapeutics, a US-based biotechnology firm, began Phase 1b/2a clinical trials of Briquilimab for chronic spontaneous urticaria (CSU). This monoclonal antibody targets CD47 and aims to improve quality of life for patients suffering from CSU by reducing recurrent hives and itching.
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What Are the Top Revenue-Generating Geographies in the Chronic Spontaneous Urticaria Market?
North America was the largest region in the chronic spontaneous urticaria market in 2023. The regions covered in the chronic spontaneous urticaria market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Chronic Spontaneous Urticaria Market?
2. What is the CAGR expected in the Chronic Spontaneous Urticaria Market?
3. What Are the Key Innovations Transforming the Chronic Spontaneous Urticaria Industry?
4. Which Region Is Leading the Chronic Spontaneous Urticaria Market?
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