The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Chronic Spontaneous Urticaria Global Market Report 2023, the chronic spontaneous urticaria market is expected to show significant growth in the forecast period.

Recent Market Growth and Projections

• Current Market Size: The chronic spontaneous urticaria (CSU) market has experienced significant growth in recent years. In 2023, the market size reached $1.90 billion.
• Short-Term Forecast: Expected to grow to $2.06 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.3%.
• Long-Term Outlook: By 2028, the market is projected to reach $2.84 billion, with a CAGR of 8.4%.

Factors Driving Growth:

• Improved Diagnostics: Advances in diagnostic tools.
• Awareness: Increased awareness among healthcare providers and patient advocacy groups.
• Healthcare Investment: Rising healthcare expenditure and ongoing clinical trials.

View More On The Chronic Spontaneous Urticaria Market Report 2024 – https://www.thebusinessresearchcompany.com/report/chronic-spontaneous-urticaria-global-market-report

Key Growth Drivers

• Increased Diagnoses: More cases of chronic spontaneous urticaria are being identified.
• Healthcare Infrastructure: Development of healthcare facilities and patient-centric care models.
• Regulatory Environment: Favorable policies and regulations facilitating market growth.
• Economic Factors: Economic growth in emerging markets.

Major Trends:

• Technological Innovations: Advances in biological therapies and personalized medicine.
• Digital Health: Growth in telemedicine and digital health solutions.
• AI and Machine Learning: Enhanced diagnostic capabilities and drug development.

Impact of Alcohol Consumption

• Exacerbation of Symptoms: Rising alcohol consumption can worsen CSU symptoms, leading to increased market growth.
• Statistics: In the UK, 55% of men and 41% of women reported weekly alcohol consumption. Increased alcohol use contributes to a higher incidence of CSU.
• Hospital Admissions: Over 342,000 hospital admissions related to alcohol between 2021 and 2022 highlight the link between alcohol consumption and health conditions like CSU.

Major Market Players

• Key Companies: Notable players in the CSU market include:
  • F. Hoffmann-La Roche Ltd.
  • Merck & Co. Inc.
  • AbbVie Inc.
  • Bayer AG
  • Sanofi SA
  • AstraZeneca plc
  • Novartis AG
  • GlaxoSmithKline plc
  • Eli Lilly and Company
  • Amgen Inc.
• Recent Developments: In March 2022, Novan Inc. acquired EPI Health LLC, enhancing its commercial capabilities and preparing for potential FDA approval of new treatments.

Market Segmentation

1. By Treatment: Medication, Phototherapy, Other Treatments.
2. By Route of Administration: Oral, Topical, Parenteral, Other Routes.
3. By Diagnosis: Physical Examination, Blood Test, Allergy Test, Other Diagnosis.
4. By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users.

Regional Insights

• North America: Dominated the CSU market in 2023, reflecting its advanced healthcare infrastructure and high awareness levels.

The chronic spontaneous urticaria market is poised for robust growth, driven by advancements in healthcare and an increasing patient population. The interplay between lifestyle factors, such as alcohol consumption, and market dynamics will continue to shape the future landscape of this sector.

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