The Pruritus Therapeutic by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The landscape of pruritus therapeutics, as elucidated by The Business Research Company, manifests robust growth trends in recent years. From its valuation of $13.1 billion in 2024, the market is poised to ascend to $14.2 billion by 2024, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 8.4%. This upsurge in the historical trajectory finds its roots in multifaceted factors such as the escalating prevalence of pruritus, strides in research and development, burgeoning elderly populace, amplification of healthcare infrastructure, heightened patient awareness, and strategic collaborations.
Forecasts project a robust trajectory for the pruritus therapeutic market, envisaging a substantial escalation to $19.7 billion by 2028, maintaining a steady CAGR of 8.5%. This anticipatory surge owes itself to a continuum of research and innovation, burgeoning opportunities in emerging markets, escalating healthcare outlays, the ascendancy of personalized medicine paradigms, and regulatory endorsements fostering innovation. Noteworthy trends in this horizon encompass the integration of telemedicine and digital health, technological advancements, the proliferation of telehealth and digital health solutions, the evolving global regulatory milieu, the prominence of biologics and immunomodulators, and the ascendancy of patient-centric approaches.
The increasing incidences of skin disorders are significantly contributing to the growth of pruritus therapeutic. Skin conditions refer to dermatologic conditions or skin disorders such as acne, eczema, skin cancer, psoriasis, and vitiligo that affect the skin. Pruritus therapeutics are used as a part of treatment for various skin diseases as most skin disorders have pruritus as a predominant symptom. For instance, in April 2022, according to the American Academy of Dermatology Association, a US-based association for dermatology, melanoma is expected to claim the lives of 7,650 people in 2022, including 5,080 males and 2,570 women. Additionally, in January 2024, according to the American Cancer Society, a US-based voluntary organization, In the United States, a projected 97,610 new melanoma cases will be diagnosed in 2024, with about 58,120 in men and 39,490 in women. Therefore, the increasing incidences of skin disorders will drive the pruritus therapeutic market.
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The pruritus therapeutic market covered in this report is segmented –
1) By Type: Corticosteroids, Antihistamines, Local Anesthetics, Counterirritants, Immunosuppressant, Calcineurin Inhibitors, Others Types
2) By Disease Type: Atopic Dermatitis Or Eczema, Allergic Contact Dermatitis, Urticaria, Cutaneous T-Cell, Other Disease Types
3) By Application: External Use, Oral, Injection
4) By End Use: Hospitals, Clinics, Other Uses
Product innovation emerges as the hallmark trend pervading the pruritus therapeutic arena. Leading entities within this domain are diligently channeling efforts towards pioneering medications and treatments for pruritus and its associated ailments. A pertinent example is Maruho Co., Ltd., a Japan-based pharmaceutical titan, which, in August 2022, unveiled the anti-IL-31 receptor, a humanized monoclonal antibody known as Mitchga Subcutaneous Injection 60 mg Syringes. This groundbreaking innovation marks the advent of the first antibody drug that stifles IL-31 signaling, a neuroimmune cytokine intricately linked to pruritus and skin inflammation in the context of atopic dermatitis. By impeding IL-31 binding to its receptor, this substance effectively mitigates itchiness and skin inflammation associated with atopic dermatitis, thereby heralding a new frontier in therapeutic efficacy.
The pruritus therapeutic market report table of contents includes:
1. Executive Summary
2. Pruritus Therapeutic Market Characteristics
3. Pruritus Therapeutic Market Trends And Strategies
4. Pruritus Therapeutic Market - Macro Economic Scenario
5. Global Pruritus Therapeutic Market Size and Growth
.....
31. Global Pruritus Therapeutic Market Competitive Benchmarking
32. Global Pruritus Therapeutic Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pruritus Therapeutic Market
34. Pruritus Therapeutic Market Future Outlook and Potential Analysis
35. Appendix
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