The Pruritus Therapeutic Global Market Report 2023, provides comprehensive information on the pruritus therapeutic market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company's Pruritus Therapeutic Global Market Report for the year 2023, there is a notable anticipation of market expansion. This upward trajectory indicates a transition from the 2022 market valuation of $12.09 billion to an impressive $13.10 billion by the close of 2023, characterized by a robust compound annual growth rate (CAGR) of 8.4%. This statistic underscores the resilience and potential inherent in the pruritus therapeutic market.
Nevertheless, it is imperative to place this optimistic growth within a broader global context. The unsettling backdrop of the Russia-Ukraine war has cast a shadow over the prospects of worldwide economic recovery, particularly in the short term. This geopolitical conflict has resulted in economic sanctions imposed on various nations, catalyzing a surge in commodity prices and setting off extensive disruptions in global supply chains. The resultant inflationary pressures have had reverberations across a diverse array of goods and services, impacting numerous markets on a global scale. With these factors at play, the global pruritus therapeutic market is projected to achieve a substantial market size of $17.98 billion by the year 2027, boasting a commendable CAGR of 8.2%.
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The prevailing trend of utmost significance within the pruritus therapeutic market is undeniably product innovation. Prominent companies operating in this sector are dedicating their efforts and resources to the research and development of pioneering medications and treatments tailored to address pruritus and its associated conditions. As a vivid example of this innovation, we can cite Maruho Co., Ltd., a distinguished Japanese pharmaceutical entity, which, in August 2022, introduced the groundbreaking anti-IL-31 receptor—a humanized monoclonal antibody named Mitchga Subcutaneous Injection 60 mg Syringes. This remarkable pharmaceutical breakthrough is specifically engineered to combat itching symptoms related to atopic dermatitis.
Notably, it marks the debut of an antibody drug designed to impede IL-31 signaling, a neuroimmune cytokine intricately linked to pruritus and skin inflammation in the context of atopic dermatitis. By inhibiting the binding of IL-31 to its receptor, this innovative substance effectively curtails itchiness and mitigates the skin inflammation commonly associated with atopic dermatitis. This novel approach underscores the transformative potential of product innovation, offering renewed hope to those affected by pruritus and its related conditions.
The pruritus therapeutic market is segmented:
1) Pruritus Therapeutic Market By Type: Corticosteroids, Antihistamines, Local Anesthetics, Counterirritants, Immunosuppressants, Calcineurin Inhibitors, Others Types
2) Pruritus Therapeutic Market By Disease Type: Atopic Dermatitis Or Eczema, Allergic Contact Dermatitis, Urticaria, Cutaneous T-Cell, Other Disease Types
3) Pruritus Therapeutic Market By Application: External Use, Oral, Injection
4) Pruritus Therapeutic Market By End Use: Hospitals, Clinics, Other Uses
North America was the largest region in the pruritus therapeutic market in 2022.
The table of contents in TBRC’s pruritus therapeutic market report includes:
1. Executive Summary
2. Pruritus Therapeutic Market Characteristics
3. Pruritus Therapeutic Market Trends And Strategies
4. Pruritus Therapeutic Market - Macro Economic Scenario
5. Pruritus Therapeutic Market Size And Growth
......
26. Africa Pruritus Therapeutic Market
27. Pruritus Therapeutic Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pruritus Therapeutic Market
29. Pruritus Therapeutic Market Future Outlook and Potential Analysis
30. Appendix
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