The global pruritus drug market is expected to grow at a significant CAGR during the forecast period (2021-2027). The rising prevalence of pruritus cases globally increased expenditure for the development of healthcare infrastructure, and rising government policies and initiatives to offer a fund to many research institutes and pharmaceutical companies to introduce novel drugs and therapies are the major factors attributable to the growth of the global pruritus drug market.
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Pruritus is a common skin condition that causes an uncomfortable sensation that makes you want to scratch or itch. In other terms, pruritus is a dermatological condition characterized by strong and persistent itching. Itching can be minor or severe, depending on the severity. Increased special designation from regulatory agencies is a crucial factor driving the pruritus medication industry forward. The global pruritus drugs market is also growing due to rising healthcare infrastructure spending and the rising prevalence of atopic dermatitis, allergic contact dermatitis, and urticaria. Furthermore, new medications such as Pimecrolimus cream and Tacrolimus ointment are projected to propel this market even further.
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Antihistamines are predicted to increase at a high rate during the forecast period, owing to their growing use as a first-line treatment and the presence of medicines in the pipeline with expected commercialization. However, the growth of the global pruritus drugs market will be hampered by unfavourable reimbursement scenarios in developing and undeveloped economies, as well as high treatment prices. The growth rate of the pruritus medicine industry will be hampered further by a lack of knowledge in growing and developing economies. The global market for pruritus drugs will be further slowed by the expiration of patents on branded drugs and the release of generic versions.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape: Pfizer Inc., AstraZeneca, Merck & Co., Inc., Sanofi US, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pruritus Drug Market by Segment
By Drug Class
• Corticosteroids
• Antihistamines
• Counterirritants
• Other
By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
