Pruritus Therapeutics Market Revenue, Top Companies, Report 2032

Pruritus Therapeutics Market Revenue and Opportunity

The global pruritus therapeutics market revenue was valued at USD 1.78 billion in 2023 and is poised to grow from USD 11.25 billion in 2024 to USD 15.84 billion by 2032, at a CAGR of 4.37% during the forecast period 2023 - 2032. The increasing extensiveness of conditions linked with pruritus, like atopic dermatitis, psoriasis, and urticaria, are driving the pruritus therapeutics market to a high level.

Pruritus Therapeutics Market Statistics

Market Overview

Pruritus therapeutics are the medicines that are used to treat pruritus. It can be caused by various factors such as pollution, allergies, animals, certain foods, etc. Pruritus is an annoying condition that creates an uncontrollable sensation when someone scratches to get relief from discomfort. Dermatitis can be caused by things like soaps, watches, garments, etc. A few medicinal ointments that can reduce the effect or itching sensation of pruritus are antihistamines, topical steroids, immunosuppressants, and corticosteroid creams. There are types of pruritus that can affect one body part or can spread to the entire body, such as pruritus brachialis, pruritus ani, pruritus uremic, and many more. Mild itching can be treated by moisturizing skin properly to protect it from allergens and scratching.

Due to continuous studies and research on pruritus therapeutics, the market has developed various advancements in the drugs to cure pruritus. Rising awareness among people about their skin has driven market growth rapidly. The International Forum for the Study of Itches (IFSI) has predicted three types of pruritus, which may be normal or chronic scratches and sometimes skin inflamed due to itching. Some of the natural treatments that can be used to cure pruritus are coconut oil, vitamin E, and honey. With the high rise of such cases, the pruritus therapeutics market is developing rapidly.

  • The rising focus on targeted therapies and biologics for pruritus is evolving the treatments to enhance their effectiveness.
  • The rising awareness of pruritus increases the popularity of Over-the-Counter (OTC) pruritus relief drugs to provide convenience in treating patients.
  • Growing patient-centric care and educating people regarding such infections and their cures.

The rising awareness is driving the pruritus therapeutics market

The growing frequency of thrilling ecological circumstances has exposed the worldwide population to numerous skin circumstances and illnesses. For example, pruritus is most commonly caused by the ultraviolet rays from the sun. The growing weather alteration has caused ozone depletion, and the number of ultraviolet rays touching the earth has increased, thus increasing the frequency of numerous skin conditions that produce pruritus symptoms. Likewise, the altering climatic situations have enlarged the ecological activities that may lead to pruritus. Also, the rising usage of chemicals in skincare and makeup is growing the number of pruritus-suffering patients. The growing frequency of pruritus will determine the worldwide pruritus therapeutics market. The growing awareness about pruritus and its causes, as well as its available treatments, will support the market's evolution.

Increasing demand for inorganic skincare products drives the pruritus therapeutics market

The improved frequency of dermatologic conditions is affecting the rate of pruritus, and as a consequence, demand for acceptable diagnosis and medication to heal such medical situations is anticipated to drive market growth. One of the significant features driving the development of the market is the enlarged use of inorganic growth tactics. In accumulation, chief companies working in the pruritus therapeutics market are progressively regulating enlargement strategies such as corporations, regional achievements, unions, and achievements. Such development approaches are anticipated to result in technical progression as an outcome of an enhanced product group and cross-manufacturing R&D association, pushing market enlargement further.

However, the development of the pruritus therapeutics market would be hindered by adverse compensation situations in emerging and underdeveloped countries, along with high treatment charges. The industry for pruritus treatment will be reduced by the termination of patterns on exclusive medications and the proclamation of generic types. The absence of consideration of illness pathophysiology and extensively accepted conducts, as well as the accessibility of advanced substitute treatment choices like phototherapy, are some additional factors constraining market development.

Pruritus Therapeutics Market Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 11.25 Billion
Market Revenue by 2032 USD 15.84 Billion
Market CAGR 4.37% from 2023 to 2032
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Top Companies in the Pruritus Therapeutics Market

  • Amgen, Inc.
  • Abbvie, Inc
  • Cara Therapeutics
  • Bristol-Myers Squibb
  • Astellas Pharma
  • Novartis AG
  • Actavis Plc
  • GlaxoSmithKline, Plc
  • Mylan NV
  • Sanofi
  • Pfizer, Inc
  • Mahana Therapeutics
  • Teva Pharmaceuticals

Recent Development by Mahana Therapeutics

  • In March 2024, Mahana Therapeutics, which is a prescription therapeutic company, acquired Cara Care, located in Berlin. The purpose of this acquisition is to address pruritis, heartburn, IBD, tinnitus, and vulvodynia by expanding digital treatment for chronic conditions.

Recent Development by GlaxoSmithKline, Plc

  • GlaxoSmithKline, Plc is a global pharmaceutical and biotechnology company that was established in December 2000. It released its portfolio in April 2024, where they announced a focus on developing vaccines and medicines for human health to prevent infectious diseases, HIV, Oncology, etc.

Regional Insights

North America dominated the pruritus therapeutics market in 2023. The existence of important market layers in the area has directed the growth of operative and capable drugs and pruritus cures. The growing private fund speculation in the study and the growth of new treatments to encounter the increasing request for pruritus cases will determine the North American market growth. Suitable government guidelines inspiring the growth of the pharmacological and healthcare divisions will also support the market. The well-recognized healthcare organization makes the treatments inexpensive and available for the people, thereby contributing to market expansion.

Europe illustrates considerable development in the pruritus therapeutics market, maintained by growing awareness and government inventiveness. Countries like Germany, France, and the UK are the main markets that have durable healthcare systems.

The Asia Pacific market is anticipated to grow fastest during the forecast period as the government has improved its financial outflow in the healthcare area after the pandemic. The growth of the healthcare organization and the area’s huge inhabitants will fascinate main companies in the pruritus therapeutics market in the area, thus drawing its growth in the estimated period.

Pruritus Therapeutics Market Potential and Growth Potential

Continuous evolution based on research is enhancing the market opportunities

The growing request for pruritus therapeutics has fortified private companies worldwide to upsurge their expenditure on the study and expansion of new medications and treatments. The vision of misusing the increasing pruritus market, specifying the growing number of skin diseases internationally, has directed the expansion of capable and operative drugs by important companies in the market. Correspondingly, the detection and growing frequency of different skin diseases have influenced supervisory establishments to modernize support to defend the benefits of customers. The normalization and rationalization of supervisory support and certification will push the development of the pruritus therapeutics market. Additionally, numerous unions, procurements, and businesses for emerging treatments will boost the market growth.

Pruritus Therapeutics Market News

  • In February 2024, Medicxi announced the launch of Alys Pharmaceuticals by merging six companies focused on developing novel therapies in immune dermatology with $100m funding to start.
  • In November 2023, Ipsen and Medison announced Health Canada's approval of Bylvay for the treatment of pruritus due to Progressive Familial Intrahepatic Cholestasis (PFIC).

Market Segmentation

By Disease Type

  • Atopic Dermatitis
  • Allergic Contact Dermatitis
  • Urticaria
  • Others

By Product

  • Corticosteroids
  • Antihistamines
  • Local Anesthetics
  • Counterirritants
  • Immunosuppressant
  • Calcineurin Inhibitors
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Drug Stores & Retail Pharmacies
  • Online Providers

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