According to the Zion Market Research study, the Pruritus Therapeutics industry gained nearly US$ 10.10 billion in 2021 and is anticipated to accrue about US$ 22.30 billion in returns by 2028.
In addition to this, the Pruritus Therapeutics market is prognosis to record a CAGR of almost 4.9% in 2022-2028. Apparently, the Growth of the pruritus therapeutics market over the forecasting timeframe is due to the presence of huge unmet medical requirements and the launching of new products by reputed pharmaceutical firms. In addition to this, a rise in the occurrence of atopic dermatitis, psoriasis, allergic contact dermatitis, urticarial, and cutaneous T-cell disorders will drive market trends. Apparently, the surge in drug-induced disorders and disorders related to cholestatis, oncology, renal, liver, hematology, and neurology will boost the expansion of the pruritus therapeutics industry. Furthermore, reduced costs, technological breakthroughs, and supportive government laws will create new growth avenues for the pruritus therapeutics industry.
Pruritus Therapeutics Market: Overview
Pruritus is an unpleasant sensation and a most common skin disease symptom leading an individual to scratch skin. It is a cutaneous symptom and, if ignored, can lead to chronic pain and severely impact the quality of life. For instance, pruritus can cause sleep disturbance, anxiety, and attention deficit or hyperactivity disorder. Furthermore, if left untreated, it can cause psychiatric and systemic ailments. According to NIH researchers, studies have revealed that hemodialysis individuals prone to more itching have more probability that their lifespan can be reduced.
Furthermore, chronic pruritus, one of the key dermatology symptoms, is intractable and greatly impacts the quality of life. The ailment is also associated with psychological, systemic, and neurologic disorders. As per reports, the pathogenesis of chronic pruritus is acute and can result in inflammation in cell tissues. Additionally, increased knowledge of chronic pruritus pathogenesis coupled with access to high-quality data from clinical experiments has resulted in the emergence of new therapies for treating pruritus. These drug treatments are also anticipated to be utilized in routine dermatology medical practice. They are opioidergic medicines such as kappa-opioid agonists & mu-opioid antagonists, Janus Kinase inhibitors, neurokinin-1 receptor antagonists, biologic medicines, histamine H4 receptor antagonists, ileal bile acid transport inhibitors, and aryl hydrocarbon receptor agonists.
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Industry Dynamics:
Pruritus Therapeutics Market: Growth Dynamics
A rise in the occurrence of skin itching symptoms causing psoriasis, dermatitis, and urticarial will drive pruritus therapeutics market growth. In addition to this, high unmet healthcare requirements and the launching of novel products, including Palestine and REMITECH drugs, are predicted to contribute majorly toward market profits. Low drug costs and the willingness of subjects to take treatment will prompt the expansion of the industry in the next few years. High opportunity costs for treating skin diseases such as psoriasis will proliferate the expansion of the pruritus therapeutics industry over the ensuing years.
In addition to this, the large-scale use of barrier repair creams, moisturizers, and emollients is a key to pruritus treatment. It helps in minimizing pruritus with the help of enhanced barrier activities. Furthermore, topical corticosteroids are utilized to relieve patients having itching sensations and inflammatory skin ailments, including psoriasis. However, topical calcineurin inhibitors, pimecrolimus, and tacrolimus have proved to be effective in alleviating pruritus in subjects suffering from atopic dermatitis. Additionally, azathioprine, doxepin, cyclosporine, oral antihistamines, menthol, capsaicin, topical salicylic acid, neuroleptics, aprepitant, and topical cannabinoids have proved effective in the treatment of pruritus. All these aforementioned aspects will result in the enlarged expansion of the pruritus therapeutics market. Clinical studies have proved that drugs such as NGX-100, TS-022, and Methylnaltrexone have huge potential for effectively treating pruritus, thereby steering market trends.
Corticosteroids Segment To Dominate Pruritus Therapeutics Market Growth In 2022-2028
The surge in the size of the segment over the forecast timespan is subject to extensive use of corticosteroids in treating psoriasis. In addition to this, corticosteroids are the first-line drug therapy used for treating pruritus. This will boost its use as a key pruritus therapeutics agent, thereby driving segmental growth.
List of Key Players in Pruritus Therapeutics Market:
Brunswick Corporation Precor Incorporated Johnson Health Tech Co. Ltd. Technogym Nautilus Strength Icon Health & Fitness Amer Sports Oyji Cybex International Inc.
Key Industry Insights & Findings of the Pruritus Therapeutics Market Reports:
Per the analysis shared by our research analyst, the Pruritus Therapeutics Market is expected to grow annually at a CAGR of around 4.9% (2022-2028). Through primary research, it was established that the Pruritus Therapeutics Market was valued at approximately USD 10.1 billion in 2021 and is projected to reach roughly USD 22.30 billion by 2028. The occurrence of psoriasis in the U.S. was nearly 20% in children and about 4% in grown-ups.
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