Atopic Dermatitis Treatment Market will reach at a CAGR of 12.8% from 2017 to 2027
Verfasser: ShashiiPawar on Tuesday, 18 July 2017The global atopic dermatitis treatment market is poised to grow from close to US$ 7,225 Mn in 2017 to nearly US$ 24,000 Mn by 2027 end. This represents a CAGR of 12.8% over the forecast period. Revenue from the global atopic dermatitis treatment market is estimated to increase 4.1X during the period 2017 – 2027. This massive growth can be attributed to a rising prevalence of atopic dermatitis across the world as well as the introduction of innovative therapeutic options.
Industry consolidations leading to faster time-to-market in North America
Various companies are focussed on partnerships with other companies with products in advanced stages of development to enable quicker approval and marketing of their products. Allergan plc, a leading global pharmaceutical company, successfully completed purchasing all outstanding shares of Vitae Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company focussed on innovative development programmes for dermatologic conditions in Oct 2016. The completion of the Vitae acquisition has added highly differentiated development compounds to Allergan’s medical dermatology pipeline. The parent company is able to leverage its clinical development expertise and regulatory knowledge to ensure a win-win situation through this partnership.