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What Growth Opportunities are Expected to Drive the Pruritus Therapeutic Market’s CAGR Through 2034?

Significant growth has been observed in the pruritus therapeutic market size in the past few years. The market, which is predicted to be worth $14.29 billion in 2024, is projected to rise to $15.43 billion in 2025 with a 8.0% compound annual growth rate (CAGR). The growth during the previous period was driven by factors such as the rising incidence of pruritus, advancements in research and development, the growing elderly population, expanded healthcare infrastructures, heightened patient awareness, as well as collaborations and partnerships.

The market for pruritus therapy is anticipated to witness substantial expansion over the next few years. Its financial scope is projected to reach $22.02 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. Factors propelling growth during this forecast period include ongoing research and innovation, escalating healthcare spending, growth of emerging markets, the rise of personalized medicine, and regulatory encouragement of innovation. Key trends to watch within the forecast period encompass the integration of telemedicine and digital health, advancements in technology, adoption of telehealth and digital health solutions, the global regulatory environment, the use of biologics and immunomodulators, and the adoption of patient-focused strategies.

What Drivers Are Shaping the Growth of the pruritus therapeutic Market?

The escalating occurrence of skin-related conditions significantly fuels the expansion of pruritus therapeutics. These skin conditions, including acne, eczema, skin cancer, psoriasis, and vitiligo among others, typically have pruritus as a main symptom and hence, pruritus therapeutics becomes a vital part of treatment. For example, as per the American Academy of Dermatology Association in April 2022, it is estimated that melanoma will cause about 7,650 deaths this year, including 5,080 males and 2,570 females. Furthermore, projections by the American Cancer Society in January 2023 suggest that the United States will see approximately 97,610 new melanoma cases, split into about 58,120 in men and 39,490 in women. Thus, the rise in skin ailment cases will inevitably bolster the pruritus therapeutic market.

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What Are the Leading Industry Players Dominating the Pruritus Therapeutic Market?

Major companies operating in the pruritus therapeutic market include:

• Astellas Pharma Inc._x000D_

• Bristol-Myers Squibb Company_x000D_

• Cipla Inc._x000D_

• Eli Lilly and Company_x000D_

• Galderma Laboratories LP_x000D_

What Are the Latest Trends Leading to Disruption in the Pruritus Therapeutic Market?

The main trend gaining momentum in the pruritus therapeutic market is product innovation. A primary focus for major firms in this market is the creation of new medications and treatments for pruritus and related illnesses. To illustrate, Maruho Co., Ltd., a pharmaceutical company based in Japan, launched in August 2022, the first anti-IL-31 receptor, a humanized monoclonal antibody Mitchga Subcutaneous Injection 60 mg Syringes, aiming to treat itchiness caused by atopic dermatitis. This groundbreaking antibody drug works to inhibit IL-31 signaling, a neuroimmune cytokine2 that has been connected to pruritus and skin inflammation during the advancement of atopic dermatitis3,4. Its function is to block the IL-31 from connecting to its receptor, thus preventing itchiness and skin inflammation associated with atopic dermatitis.

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What Major Market Segments Define the Scope and Growth of the Pruritus Therapeutic Market?

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

Subsegments:

1) By Corticosteroids: Topical Corticosteroids, Systemic Corticosteroids

2) By Antihistamines: First-Generation Antihistamines, Second-Generation Antihistamines

3) By Local Anesthetics: Topical Local Anesthetics, Injectable Local Anesthetics

4) By Counterirritants: Menthol-Based Products, Camphor-Based Products

5) By Immunosuppressants: Systemic Immunosuppressants, Topical Immunosuppressants

6) By Calcineurin Inhibitors: Tacrolimus, Pimecrolimus

7) By Other Types: Antidepressants, Phototherapy Treatments, Herbal Remedies

Which Regions Are Significant to the Growth of the Pruritus Therapeutic Market?

North America was the largest region in the pruritus therapeutic market in 2024. The regions covered in the pruritus therapeutic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Can We Define the Pruritus Therapeutic Market and Its Key Components?

Pruritus therapeutic refers to the treatment of pruritus which refer to the uncomfortable feeling that makes a person want to scratch. It can be caused by a variety of factors, which include contact with an allergen, dry skin, pregnancy, and the body’s reaction to a medicine.

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