Pruritus Therapeutics Market | Growth, Trends, and Forecasts (2020

Market Snapshot

Study Period:	2017-2025
Base Year:	2019
Fastest Growing Market:	Asia Pacific
Largest Market:	North America
CAGR:	3.5 %

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Market Overview

The Pruritus Therapeutics Market is expected to grow at a CAGR of 3.5% in the forecast period. Increasing prevalence of dermatological (atopic dermatitis, Urticaria, Cutaneous T-cell, psoriasis Allergic Contact Dermatitis) and systemic (Cholestasis,liver, hematological, Neurological, Oncological, Renal, and Drug-Induced) disorders contribute to market growth during the forecast period. Moreover, the introduction of novel products to cater to high unmet medical needs present currently in the market serves to be the high impact driver for the growth of the market. For instance, in April 2020, Menlo Therapeutics Inc., a biopharmaceutical company announced the top-line results from its two ongoing Phase-III clinical trials evaluating the safety and efficacy of once-daily oral serlopitant for the treatment of Pruritus associated with Prurigo nodularis. The market currently is focused on developing its product pipeline through new discoveries, one such discovery includes the identification of new T-cell subsets (Th17 & Th22). Future commercialization of such diverse pipeline products by major players of the market is expected to reinforce the growth of the market in the forecast period. Low prices, technological advancements, favorable government scenarios, partnership-driven R&D by pharmaceutical companies, and upcoming patent expiries are some of the factors propelling the market growth. However, due to lack of understanding of disease pathophysiology and a universally accepted therapy, associated side effects, and availability of advanced alternative treatment option such as phototherapy, are some of the major hindrances to the growth of the market. Nonetheless, Pruritus is one of the most common human health afflictions and is going to prompt industry players to bring forth novel drugs and is expected to generate new opportunities amid the forecast period.

Scope of the Report

Pruritus is a condition of the skin accompanied by an unpleasant and irritating itching sensation over the skin that provokes scratching. It may be caused by some chemical substances like histamine, prostaglandins, proteases, substance P, and bile salts. Sometimes accompanied by crusts, excoriations, hyperpigmentation, Lichenification, Pyoderma, increased skin creasing, and burnished nail.

By Product Type
		Corticosteroid
		Antihistamine
		Local Anesthetic
		Counterirritant
		Immunosuppressant
		Calcineurin Inhibitors
		Others ( Opioid Receptor Antagonists, Antidepressants and Antipruritics)

By Disease Type
		Atopic Dermatitis/ Eczema
		Allergic Contact Dermatitis
		Urticaria
		Cutaneous T-cell
		Others ( Cholestasis, haematological, Neurological, Oncological, Renal and Drug Induced)

By Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East and Africa
	GCC
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Rest of South America

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Key Market Trends

Corticosteroid Segment is Expected to lead the Market in The Forecast Period

Based on the product type market is segmented into Corticosteroid, Antihistamine, Local Anesthetic, Counterirritant, Immunosuppressant, and Others (Opioid Receptor Antagonists, Antidepressants, and Antipruritic). Corticosteroids being the first-line drug for the treatment of Pruritus dominates the market share for the past few years. The segment is expected to record the same growth rate even in the forecast period. They are widely used to provide relief from Atopic Dermatitis or Psoriasis. The increasing demand for over the counter topical corticosteroids is expected to be a potential driver for market growth in this segment.

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North America is Expected to Dominate the Market

Globally, North America dominates the Pruritus Therapeutics Market and is anticipated to do so even in the forecast period. Regional contribution of huge market share can be attributed to the presence of Pruritus inducing climatic conditions and the growing prevalence of risk factors associated with the disease. Owing to the increasing prevalence of the targeted disease in North American countries MC2 Therapeutics, a European company in August 2020, signed a Collaboration Agreement with EPI Health, LLC for co-commercialization of its Wynzora Cream in the United States Market. In July 2020, MC2 Therapeutics received Wynzora’s United States Food and Drug Administration (USFDA) approval for the treatment of Plaque Psoriasis in adults. The upcoming launch of Wynzora cream in the American market will further project market growth. In addition, MC2 Therapeutics, currently is also working on MC2-25 PAD Cream, which is currently in phase II for the treatment of uremic pruritus. Moreover, the presence of high unmet healthcare needs (curative therapy, better safety profiles, etc) and favorable regulatory environment are some of the major factors that are expected to provide lucrative growth in the forecast period.

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Competitive Landscape

The Pruritus Therapeutics Market is fragmented and competitive with large numbers of players namely Ulroac, UCB Pharma, Sanofi Aventis, Pfizer, etc. In order to maintain market dominance in this cut-throat competition era, these pharmaceutical giants have implemented key business strategies such as rigorous R&D attempts to develop novel and cost-effective therapeutics, innovative product and service launches, product expansions, and strategic collaborations. In June 2020, Cara Therapeutics, a clinical-stage biopharmaceutical company announced the successful completion of its Phase-II dose-ranging trial of oral Korsuva for moderate to severe chronic kidney disease-associated pruritus and is expected to fuel the competitiveness in the forecast period by its novel and proprietary class of product in the market.

Major Players

1. INTRODUCTION
1. 1.1 Study Assumptions and Market Definition
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Increasing Prevelance of Dermatological Disorders
  2. 4.2.2 Presence of High Unmet Needs
3. 4.3 Market Restraints
  1. 4.3.1 Lack of Understanding of Disease Pathophysiology
  2. 4.3.2 Availability of Advanced Alternative Treatment Options
4. 4.4 Porter's Five Force Analysis
  1. 4.4.1 Threat of New Entrants
  2. 4.4.2 Bargaining Power of Buyers/Consumers
  3. 4.4.3 Bargaining Power of Suppliers
  4. 4.4.4 Threat of Substitute Products
  5. 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Product Type
  1. 5.1.1 Corticosteroid
  2. 5.1.2 Antihistamine
  3. 5.1.3 Local Anesthetic
  4. 5.1.4 Counterirritant
  5. 5.1.5 Immunosuppressant
  6. 5.1.6 Calcineurin Inhibitors
  7. 5.1.7 Others ( Opioid Receptor Antagonists, Antidepressants and Antipruritics)
2. 5.2 By Disease Type
  1. 5.2.1 Atopic Dermatitis/ Eczema
  2. 5.2.2 Allergic Contact Dermatitis
  3. 5.2.3 Urticaria
  4. 5.2.4 Cutaneous T-cell
  5. 5.2.5 Others ( Cholestasis, haematological, Neurological, Oncological, Renal and Drug Induced)
3. 5.3 By Geography
  1. 5.3.1 North America
    1. 5.3.1.1 United States
    2. 5.3.1.2 Canada
    3. 5.3.1.3 Mexico
  2. 5.3.2 Europe
    1. 5.3.2.1 Germany
    2. 5.3.2.2 United Kingdom
    3. 5.3.2.3 France
    4. 5.3.2.4 Italy
    5. 5.3.2.5 Spain
    6. 5.3.2.6 Rest of Europe
  3. 5.3.3 Asia Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 Japan
    3. 5.3.3.3 India
    4. 5.3.3.4 Australia
    5. 5.3.3.5 South Korea
    6. 5.3.3.6 Rest of Asia-Pacific
  4. 5.3.4 Middle East and Africa
    1. 5.3.4.1 GCC
    2. 5.3.4.2 South Africa
    3. 5.3.4.3 Rest of Middle East and Africa
  5. 5.3.5 South America
    1. 5.3.5.1 Brazil
    2. 5.3.5.2 Argentina
    3. 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Actavis
  2. 6.1.2 AbbVie Inc.
  3. 6.1.3 Astellas Pharma Inc
  4. 6.1.4 Cara Therapeutics
  5. 6.1.5 EPI Health, LLC
  6. 6.1.6 Gladerma Laboratories, LP.
  7. 6.1.7 Ocera Therapeutics Inc.
  8. 6.1.8 Pfizer
  9. 6.1.9 Sanofi SA
  10. 6.1.10 Trevi Therapeutics
7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments.

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Frequently Asked Questions

What is the study period of this market?

The Pruritus Therapeutics Market market is studied from 2017 - 2025.

What is the growth rate of Pruritus Therapeutics Market?

The Pruritus Therapeutics Market is growing at a CAGR of 3.5% over the next 5 years.

Which region has highest growth rate in Pruritus Therapeutics Market?

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Which region has largest share in Pruritus Therapeutics Market?

North America holds highest share in 2019.

Who are the key players in Pruritus Therapeutics Market?

Cara Therapeutics, EPI Health, LLC , Gladerma Laboratories, LP. , Sanofi SA, AbbVie Inc. are the major companies operating in Pruritus Therapeutics Market.

Pruritus Therapeutics Market - Growth, Trends, and Forecasts (2020 - 2025)