The global dermatology biologics market reached a valuation of US$ 5.1 Bn in 2021, and is likely to expand at a noteworthy CAGR of 6.6% across the forecast period (2022-2032).
Biological agents are those that have been created using the byproducts of living things. Biologics have been used for various dermatological conditions with some good and some equivocal results. Many successful biologics have been utilized to treat a variety of dermatological diseases, including skin cancer.
The global burden of skin cancer has increased manifold in the last few years, primarily due to too much exposure to ultraviolet (UV) rays. For instance, according to World Cancer Research Fund International, there were approximately 150,000 new cases of melanoma of the skin in 2020 across the world. Skin cancer can be prevented by wearing clothes that can cover the arms and legs, wearing hats & sunglasses, and using a broad-spectrum sunscreen.
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In order to cure cancer, such as melanoma, immunotherapy boosts the immune system of the patient. Immunotherapy with interleukin-2 stimulates the immune system to destroy melanoma cells and reduce tumor size wherever it develops in the body. The use of biologics can help in treating skin cancer due to the presence of key cytokines with pleiotropic effects on the immune system.
Millions of individuals across the world suffer from skin and subcutaneous illnesses, which significantly increases morbidity. For the treatment of many skin diseases, biologics are becoming more and more valuable, especially for patients who have not tolerated or responded to standard systemic therapy. Biological therapies engage with particular elements of the underlying immunological and inflammatory disease processes to deliver a focused approach to treatment.
Company Profiles:
- Merck and Co. Inc.
- Novartis AG
- Pfizer Inc.
- AbbVie Inc.
- Amgen Inc.
- AstraZenca
- Celgene Corporation
- Eli Lilly and Company
- Johnson and Johnson (Janssen Biotech Inc.)
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Key Takeaways from Market Study
- Tumor necrosis factor inhibitors held 54.4% market share by product in 2021.
- By end user, hospital pharmacies benefitted from the large patient pool with the segment holding a market share of more than 44% in 2021.
- North America accounted for 32.7% of the global market share in 2021, primarily due to the high prevalence of chronic psoriasis in the U.S.
- Australia is the second-leading regional market and accounts for around 11% market share.
“Strong late-stage pipeline entities are expected to drive market growth over the coming years as this will lead to a rise in the number of product launches in the market,” says an analyst of Persistence Market Research.
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Market Competition
Leading players are being certified by regulatory authorities to expand their reach in the dermatology biologics market. This has a positive impact on market growth.
- The European Commission (EC) authorized Merck’s anti-PD-1 medication KEYTRUDA as monotherapy for the adjuvant treatment of stage IIB, IIC, and III melanoma.
- In January 2022, Pfizer Inc. announced that the U.S. Food and Drug Administration (FDA) approved its CIBINQO® (abrocitinib), which is an oral medication for the treatment of individuals with moderate-to-severe atopic dermatitis (AD).
- In December 2021, Novartis Cosentyx® gained approval from FDA for the treatment of children and adolescents with enthesitis-related arthritis and psoriatic arthritis.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the dermatology biologics market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032.
The research study is based on product type (interleukin inhibitors and tumor necrosis factor inhibitors) and end user (hospital pharmacies, retail pharmacies, and C-commerce), across seven key regions of the world.
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