Mild-to-Moderate Atopic Dermatitis Treatment Market - Key Growth Factors and Industry Analysis 2024
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Factors such as new product launch, large patient population, and rapid growth in population are projected to drive the global mild-to-moderate atopic dermatitis treatment market. According to the United Nations Population Fund (UNFPA), the global human population is growing at a rate of 1.1%. Large pipeline products and climatic change are factors which are estimated to fuel the growth of the market globally during the forecast period. On the other hand, generic competition and stringent regulations for product approvals are the factors which are projected to hinder the market growth in the near future.
The global mild-to-moderate atopic dermatitis treatment market has been segmented by treatment type, route of administration, distribution channel, and geography. In terms of treatment type, the market is classified into drug treatment and radiation treatment. Drug treatment is further sub-segmented into emollients, antihistamines, antibiotics, corticosteroids, and calcineurin inhibitors. Topical corticosteroids are the standard treatment for most patients with atopic dermatitis for more than 60 years. Calcineurin inhibitors are used as second line treatment drug for atopic dermatitis. In terms of route of administration, the market is classified into topical and oral. Oral medications are offered to patients with severe or treatment-resistant eczema. In terms of distribution channel, the market is classified into hospitals pharmacies, retail pharmacies, and online pharmacies.
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Geographically, the mild-to-moderate atopic dermatitis treatment market is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Globally, North America dominates the market owing to new product innovations, lifestyle changes, and early treatment adoption, which in turn are likely to drive the growth of the market. A large proportion of the U.S. population has symptoms of eczema. According to the National Eczema Association in the U.S., 31.6 million people are living with eczema, and the prevalence rate of childhood eczema is 10.7%. Europe is the second leading market for mild-to-moderate atopic dermatitis treatment due to large research and development activities. The Asia Pacific market is expected to grow at a higher rate owing to rapid population growth, large target patient pool, changing lifestyle, adoption of western lifestyle, and growth in research and development. These factor are likely to drive the market growth during the forecast period.
The major players operating in this market include Astellas Pharma Inc., Sanofi S.A., Valeant Pharmaceuticals International, Inc., Novartis International AG, Pfizer Inc., Meda Pharmaceuticals, Regeneron Pharmaceuticals Inc., and Anacor Pharmaceuticals, Inc.
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