The global eczema therapeutics market size was valued at USD 15,000 million in 2021 and is projected to reach around USD 35,000 million in 2030 exhibiting a CAGR of 11% in the forecasted period. The rising prevalence of atopic dermatitis is anticipated to upsurge the market growth. Additionally, favourable reimbursement policies, growing awareness for the treatment and management of eczema, increasing partnerships of major players will support in creating profitable openings for market players. However, side effects related to corticosteroids will be a major challenge impacting negatively the global market growth.

The increased prevalence of atopic dermatitis is boosting the global market growth. There is a high incidence of eczema across the globe. Eczema can be produced by several factors, containing exposure to allergens such as skin irritations such as few fabrics, household cleaners, or soaps; pollen, peanuts, or pet dander; dry skin; stress; and infections. A large patient pool offers substantial opportunities for the growth of the market. Asia has a huge patient population with atopic dermatitis, with China, India, and Japan being the top revenue funders.

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The COVID-19 pandemic considerably impacted the eczema therapeutics market. According to an NCBI article issued in March 2022, atopic dermatitis is related with an augmented risk of COVID-19 infection. Also, numerous initiatives were announced to manage COVID-19 patients suffering from atopic dermatitis. For example, as per a June 2020 update, the SECURE-AD Patient survey is intended to help apprehend how the coronavirus pandemic (COVID-19) affects people with atopic eczema.

The significant factors fuelling the market's growth are the growing burden of allergic reactions, an important role played by food allergy, and rising environmental pollution. The increasing burden of allergic reactions, with a substantial role in food allergies, is motivating the market's growth. For instance, Food Allergy Research and Education (FARA) report in 2020 expected that 32 million United States residents have food allergies, containing 5.6 million children under age 18. Approximately 40% of children with food allergies are sensitive to more than one food.

Market Segments

By Treatment

• Corticosteroids

• Emollients/Moisturizers

• Antihistamines

• Calcineurin inhibitors

• Antibiotics

• Immunomodulators

• Interleukin inhibitors

By Indication

• Atopic dermatitis

• Contact dermatitis

• Others

Distribution Channel

• Hospitals and Clinics

• Retail Pharmacies

• Online Pharmacies

The market for Eczema therapeutics is moderately competitive. With the rising applications of Eczema therapeutics, new players are considering to enter the market. The companies are also involved in activities like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the Eczema therapeutics market, ultimately boosting the market growth.

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Competitive Analysis

Pfizer Inc., Sanofi, AbbVie Inc., GALDERMA LABORATORIES, L.P., Eli Lilly and Company (Dermira), Regeneron Pharmaceuticals Inc., LEO Pharma Inc., Otsuka Pharmaceutical Co., Ltd., Novartis AG, Incyte Corporation.

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