Global Eczema Therapeutics Market Overview
As per MRFR analysis, the Eczema Therapeutics Market Size was estimated at 17.33 (USD Billion) in 2023. The Eczema Therapeutics Market Industry is expected to grow from 19.42 (USD Billion) in 2024 to 44.75 (USD Billion) by 2032. The Market CAGR (growth rate) is expected to be around 9.72% during the forecast period (2024 - 2032).
Key Eczema Therapeutics Market Trends Highlighted
The Eczema Therapeutics market is expected to witness substantial growth during the forecast period due to the increasing incidence of eczema. The growing knowledge of advanced therapies, the development of technologies and the lack of certain medical solutions are the primary drivers of the market growth. The zones of development are the creation of new medicines that affect the pathways responsible for causing eczema, individualized therapies, and the application of modern technologies for control and self-care. Some other mid and late-market trends are increasing incorporation of biologics and JAK inhibitors, increasing use of combination therapy, and more consumers seeking natural and botanical based ingredients in skin care products for eczema treatment.
The market is likely to see the introduction of new ways of therapy such as gene therapy as well as treatment based on the microbiome that are likely to provide new growth and development opportunities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Eczema Therapeutics Market Drivers
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Rising Prevalence of Eczema
Eczema is a common skin condition that affects people of all ages. It is characterized by dry, itchy, and inflamed skin. The rising prevalence of eczema is one of the key drivers of the growth of the eczema therapeutics market. According to the National Eczema Association, approximately 31.6 million people in the United States have eczema. This number is expected to increase in the coming years due to factors such as rising pollution levels, changes in lifestyle, and increased use of harsh chemicals.The rising prevalence of eczema is creating a greater demand for effective treatments, which is driving the growth of the eczema therapeutics market.
- Technological Advancements
The development of new drugs and treatments is one of the factors driving the growth of the eczema therapeutics market. There has been a major increase in the availability of new drugs and treatments for eczema in the past several decades. These drugs and treatments are more effective and have fewer side effects than the older treatments. For example, a new class of drugs called biologics targets the immune system and reduces inflammation. These drugs have been shown to be effective in treating moderate to severe eczema.The development of new drugs and treatments will continue to drive the growth of the eczema therapeutics market.
Another driver for the growth of the eczema therapeutics market is the increasing awareness. During the past few years, there has been an increase in the awareness of eczema and the associated problems in an affected person. Several factors are responsible for this trend, such as popular media, celebrities suffering from it, and public health programs that enhance social awareness. Thus, the increased awareness has played a significant role in driving growth in the eczema therapeutics market.
Eczema Therapeutics Market Segment Insights
Eczema Therapeutics Market Drug Type Insights
The Eczema Therapeutics Market is segmented based on drug type into topical agents, oral agents, biologics, phototherapy, and immunotherapy. Among these, topical agents held the largest market share in 2023 and are expected to continue their dominance throughout the forecast period. Topical agents are preferred due to their ease of application, minimal side effects, and cost-effectiveness. In 2023, the eczema therapeutics market for topical agents was valued at USD 5.46 billion and is projected to reach USD 7.97 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period.
Oral agents are another important segment of the eczema therapeutics market. These drugs are used to treat moderate to severe eczema cases and are typically prescribed when topical agents fail to provide adequate relief. The eczema therapeutics market for oral agents was valued at USD 2.13 billion in 2023 and is expected to reach USD 3.45 billion by 2032, growing at a CAGR of 6.0%. Biologics are a relatively new class of drugs used to treat eczema. These drugs target specific proteins involved in the inflammatory process of eczema, offering more targeted and effective treatment.The eczema therapeutics market for biologics was valued at USD 1.29 billion in 2023 and is projected to reach USD 2.31 billion by 2032, exhibiting a CAGR of 7.4%.
Phototherapy and immunotherapy are other treatment options for eczema, although they are less commonly used. Phototherapy involves exposing the skin to ultraviolet light, which can help reduce inflammation and itching. Immunotherapy involves modifying the immune system to reduce the severity of eczema. The market growth for eczema therapeutics is driven by factors such as the increasing prevalence of eczema, the rising demand for effective and safe treatments, and the development of new and innovative therapies.The rising prevalence of eczema is a major factor contributing to the growth of the eczema therapeutics market.
According to the National Eczema Association, eczema affects over 30 million Americans, with a prevalence of 10% to 20% in children and 2% to 5% in adults. The increasing demand for effective and safe treatments is another factor driving the growth of the eczema therapeutics market. Patients with eczema are seeking treatments that are effective in reducing symptoms, have minimal side effects, and are easy to use. The development of new and innovative therapies is also contributing to the growth of the eczema therapeutics market.Pharmaceutical companies are continuously investing in research and development to develop new and more effective treatments for eczema.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Eczema Therapeutics Market Treatment Type Insights
Results of the 2023 and Outlook in 2032 by Treatment Type Based on treatment type, the Eczema Therapeutics Market is divided into Prescription Drugs, Over-the-Counter Medications, Home Remedies, and Complementary and Alternative Medicine. The Prescription Drugs segment is characterized by the largest revenue share due to the efficacy and high safety profile of the analyzed medications. During 2023, the Prescription Drugs segment generated about 60% of the market revenue and is expected to retain its leadership in the analyzed period. Over-the-Counter Medications demonstrate the second-largest share, which can be explained by the accessibility and affordable price of the discussed remedy class.
Eczema Therapeutics Market Disease Severity Insights
The eczema therapeutics market is segmented by disease severity into mild eczema, moderate eczema, and severe eczema. In 2023, the market for mild eczema was valued at USD 3.2 billion and is projected to reach USD 5.1 billion by 2032, exhibiting a CAGR of 5.6%. The moderate eczema segment held a market share of USD 2.7 billion in 2023 and is anticipated to reach USD 4.2 billion by 2032, growing at a CAGR of 5.3%. The severe eczema segment accounted for USD 2.1 billion in 2023 and is expected to reach USD 3.4 billion by 2032, expanding at a CAGR of 5.1%.The increasing prevalence of eczema and the growing demand for effective and safe treatment options are driving the growth of the eczema therapeutics market.
Eczema Therapeutics Market Patient Population Insights
The eczema therapeutics market segmentation by patient population includes adults, children, and infants. Among these segments, adults account for the largest share of the market due to the higher prevalence of eczema in this age group. The market for eczema therapeutics in adults is expected to continue growing steadily over the forecast period, driven by the increasing adoption of biologics and the development of new and more effective treatments. The market for eczema therapeutics in children is also expected to grow at a significant pace as the prevalence of eczema in children is on the rise.The market for eczema therapeutics in infants is expected to grow at a moderate pace, as the prevalence of eczema in infants is lower than in other age groups.
Eczema Therapeutics Market Eczema Type Insights
The eczema therapeutics market is segmented by eczema type into atopic dermatitis, contact dermatitis, seborrheic dermatitis, dyshidrotic eczema, and nummular eczema. Among these, atopic dermatitis is the most prevalent type, accounting for over 90% of the eczema cases. The rising prevalence of atopic dermatitis is primarily attributed to the increasing awareness of the condition, improved diagnostic techniques, and urbanization. Contact dermatitis is the second most common type of eczema, accounting for around 10% of the cases.It is caused by exposure to irritants or allergens, and the incidence is expected to rise due to the increasing use of chemicals in everyday products.
Seborrheic dermatitis is another common type of eczema that affects the scalp and other oily areas of the body. It is caused by an overgrowth of a fungus called Malassezia, and the prevalence is expected to increase due to the rising population of aging individuals. Dyshidrotic eczema and nummular eczema are less common types of eczema, but they can still cause significant discomfort and impact the quality of life.
Eczema Therapeutics Market Regional Insights
The regional segmentation of the Eczema Therapeutics Market offers valuable insights into market growth dynamics. North America, with its developed healthcare infrastructure and high prevalence of eczema, accounts for a significant share of the market revenue. Europe follows suit, driven by advancements in research and development and a strong pharmaceutical industry. APAC, led by China and India, presents a promising growth opportunity due to increasing awareness about eczema and rising disposable incomes. South America and MEA exhibit potential for market expansion as healthcare systems improve and access to treatments increases.These regional insights provide valuable guidance for market players looking to expand their geographic footprint and tailor their strategies to specific market needs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Eczema Therapeutics Market Key Players And Competitive Insights
Major players in the Eczema Therapeutics Market are constantly engaged in research and development activities to develop innovative and effective treatments for eczema. They are also focusing on strategic partnerships and acquisitions to expand their product portfolios and strengthen their market positions. The leading Eczema Therapeutics Market players are investing heavily in clinical trials and regulatory approvals to bring new therapies to market. The Eczema Therapeutics Market industry is expected to witness significant growth opportunities in the coming years due to the rising prevalence of eczema and the increasing demand for effective and safe treatments. Several emerging companies are also entering the market with promising new technologies and therapies, further intensifying the competitive landscape.A leading company in the Eczema Therapeutics Market is Pfizer Inc.
The company has a strong portfolio of eczema treatments, including topical and oral medications. Pfizer Inc. is also actively involved in research and development activities to develop new and improved therapies for eczema. The company has a presence and a strong distribution network, which allows it to reach a large number of patients worldwide. Pfizer Inc. is committed to providing innovative and effective treatments for eczema and is well-positioned to continue to be a leader in the Eczema Therapeutics Market.A leading competitor in the Eczema Therapeutics Market is Sanofi S.A. The company has a diverse portfolio of eczema treatments, including topical and oral medications, as well as biologics.
Sanofi S.A. is also actively involved in research and development activities to develop new and improved therapies for eczema. The company has a presence and a strong distribution network, which allows it to reach a large number of patients worldwide. Sanofi S.A. is committed to providing innovative and effective treatments for eczema and is well-positioned to continue to be a leader in the Eczema Therapeutics Market.
Key Companies in the Eczema Therapeutics Market Include
- LEO Pharma
- Regeneron Pharmaceuticals
- Eli Lilly
- Sanofi
- Pfizer
- Bayer
- Dermira
- Almirall
- Novartis
- Galderma
- GSK
- AbbVie
- Merck Co
- Amgen
- Mylan
Eczema Therapeutics Market Industry Developments
The eczema therapeutics market is poised to witness substantial growth between 2023 and 2032. The market is expected to reach a valuation of USD 15.7 billion by 2032, expanding at a CAGR of 5.22% from 2024 to 2032. Several factors are driving this growth, including the rising prevalence of eczema, increasing awareness of treatment options, and the development of innovative therapies. Recent news developments indicate that pharmaceutical companies are actively involved in research and development to bring new and more effective treatments to the market. For instance, in 2023, Pfizer announced positive results from a Phase 3 clinical trial evaluating the efficacy and safety of its investigational drug for the treatment of moderate-to-severe eczema. Such advancements are expected to shape the future of the eczema therapeutics market and improve the quality of life for patients suffering from this condition.
Eczema Therapeutics Market Segmentation Insights
Eczema Therapeutics Market Drug Type Outlook
- Topical Agents
- Oral Agents
- Biologics
- Phototherapy
- Immunotherapy
Eczema Therapeutics Market Treatment Type Outlook
- Prescription Drugs
- Over-the-Counter Medications
- Home Remedies
- Complementary and Alternative Medicine
Eczema Therapeutics Market Disease Severity Outlook
- Mild Eczema
- Moderate Eczema
- Severe Eczema
Eczema Therapeutics Market Patient Population Outlook
Eczema Therapeutics Market Eczema Type Outlook
- Atopic Dermatitis
- Contact Dermatitis
- Seborrheic Dermatitis
- Dyshidrotic Eczema
- Nummular Eczema
Eczema Therapeutics Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2023 |
17.33 (USD Billion) |
Market Size 2024 |
19.42 (USD Billion) |
Market Size 2032 |
44.75(USD Billion) |
Compound Annual Growth Rate (CAGR) |
9.72% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
LEO Pharma, Regeneron Pharmaceuticals, Eli Lilly, Sanofi, Pfizer, Bayer, Dermira, Almirall, Novartis, Galderma, GSK, AbbVie, Merck Co, Amgen, Mylan |
Segments Covered |
Drug Type, Treatment Type, Disease Severity, Patient Population, Eczema Type, Regional |
Key Market Opportunities |
Increasing prevalence of eczema Growing demand for effective treatments Advancements in drug development Rising healthcare expenditure Untapped emerging markets |
Key Market Dynamics |
Increasing prevalence of eczema Rising demand for targeted therapies Technological advancements Growing awareness of treatment options Increasing healthcare expenditure |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The eczema therapeutics market size was valued at 17.33 billion USD in 2023.
The eczema therapeutics market is expected to grow at a CAGR of 9.72% from 2024 to 2032.
North America is expected to hold the largest market share in the eczema therapeutics market, followed by Europe and Asia-Pacific.
The rising prevalence of eczema, increasing awareness about the disease, and the introduction of new and effective treatments are the key drivers of growth in the eczema therapeutics market.
The major applications of eczema therapeutics include mild, moderate, and severe eczema.
Key competitors in the eczema therapeutics market include Pfizer, Inc., GlaxoSmithKline plc, Sanofi, and Johnson Johnson.
The eczema therapeutics market is expected to reach 44.75 billion USD by 2032.
Topical drugs are expected to hold the largest market share in the eczema therapeutics market.
The eczema therapeutics market is expected to grow at a CAGR of 9.72% from 2024 to 2032.
Key trends in the eczema therapeutics market include the development of new biologics, the use of artificial intelligence (AI) in drug discovery, and the increasing adoption of personalized medicine.