Global Pruritus Therapeutics Market to surpass $ 17,275 Mn by 2026

April 30, 2019

Global pruritus therapeutics market is anticipated to reach over USD 17,275.12 million by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.

Pruritus or itch disorder can be prompted by various illnesses ranging from skin disorders such as contact dermatitis, atopic dermatitis, mycoses, and chickenpox.  Pruritus is interlinked with systemic and dermatologic causes. Itching is a common symptom of the dermatologic syndrome. Various skin disorders which are related to pruritus encompass endocrine pruritus, malignancy related pruritus, idiopathic generalized pruritus, cholestatic pruritus, hematologic pruritus, and renal pruritus. People suffering from chronic renal failure are susceptible to renal pruritus. Enhanced ion levels like magnesium, phosphate, and calcium are often found in the skin of individuals affected by pruritus. A large number of pruritus can lead to itching & scratching which gives birth to secondary skin problems like lichenification, contact allergy, excoriation, infection, dryness, and eczematization.

The growing prevalence of dermatological conditions influencing the incidences of pruritus and as a result, spurring the demand for accurate diagnostics and therapeutics to heal such ailments is projected to boost industry growth. The increase in inorganic development tactics is identified as a primary factor enhancing the size of the pruritus therapeutic market. Additionally, the distinguished market players are progressively adjusting the growth tactics such as mergers & acquisitions, regional requirements, and partnerships. These growth plans are projected to support technological enhancement attributed to advancement in the product portfolio and mutual association in research & development further enhancing the market growth.

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According to the report, the global market is fragmented based on product, disease type, and geography. Depending on the product, the market is fragmented into Calcineurin Inhibitors, Immunosuppressant, Counterirritants, Local Anesthetics, Antihistamines, Corticosteroids, and others. The findings of the report suggest that the corticosteroids product segment is projected to lead the market in the year 2017, owing to the high usage of the product as the first line of treatment. With respect to the disease type, the market is fragmented into Urticaria, Allergic Contact Dermatitis, Atopic Dermatitis, and Others. As per the study, allergic contact dermatitis is predicted to be a leading contributor to market growth. This is also the third most common cause for which patients seek medical consultation with a dermatology professional.

Based on the region, the market is bifurcated into the Middle East & Africa, North America, Latin America, Europe, and the Asia Pacific. The findings of the report suggest that North America was projected to lead the worldwide pruritus therapeutics market. The regional contribution can be attributed to the existence of supportive regulatory framework, and the launch of novel products. Furthermore, the increasing incidences of target disorders and the presence of pruritus generating climatic disorders in this region will promote market growth over the projected timeframe. However, the Asia Pacific is poised to dominate the business sphere, on account of surging incidences of atopic dermatitis & urticaria and the existence of unfulfilled healthcare organization requirements.

The foremost players profiled in the global pruritus therapeutics market are Teva Pharmaceutical Industries Ltd., Novartis AG, CARA Therapeutics, Astellas Pharma Inc., Amgen Inc., and Allergan Inc.