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Cutaneous Fibrosis Treatment Market Forecasted to Grow at 5.9% CAGR Through 2034
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Other reasons for the increase in patients requiring cutaneous fibrosis treatment include the number of people admitted with wounds to hospitals and the number of people undergoing radiation therapies. The trends dictate the normalization of appearance-improving treatments for cancer patients. Similarly, people involved in accidents or who received any other type of wound also look to shape up appearances. Thus, the profile of cutaneous fibrosis treatment is rising.
Cutaneous fibrosis treatment is still an evolving medical science. Thus, there is still ignorance about the treatment among the people. The lack of awareness extends to the disorders related to cutaneous fibrosis themselves. The limited number of treatment options is also negatively impacting the market. However, market players invest in Research and Development to develop novel drugs and treatments.
Key Takeaways from the Market Study
The global cutaneous fibrosis treatment market (피부 섬유증 치료 시장) is projected to expand at a CAGR of 5.9% through 2034.
The North America cutaneous fibrosis treatment market is expected to grow at a CAGR of 6.1% from 2024 to 2034.
The cutaneous fibrosis treatment industry is expected to register a CAGR of 6.1% in the United States over the forecast period.
Mexico's cutaneous fibrosis treatment industry is expected to rise at a CAGR of 6.6% through 2034.
Based on indication, the scleroderma segment to lead the market, with an expected share of 68.3% in 2024.
Country-wise Insights
In the market, North America holds a prominent position. The North American market is expected to be valued US$ 249.0 million in 2024, with a 35.5% market share. In North America, the market is anticipated to grow at a robust 6.1% CAGR between 2024 and 2034. The market is anticipated to have increased to US$ 452.0 million throughout the projected period, with a share of 36.4% in North America.
In 2024, Latin America is projected to provide 6.6% of the total, valued at US$ 46 million. The projected CAGR for Latin America is estimated to be 5.8% on average during the forecast period. Latin America's market share is predicted to be 6.5% by 2034, and the region's valuation is projected to reach US$ 81 million.
Key Companies Profiled in This Report
Novartis AG
Pfizer
Sanofi
F. Hoffmann La Roche (Genetech, Inc.)
Boehringer Ingelheim International GmbH
Jubilant Cadista
Horizon Pharma USA, Inc.
Bristol-Myers Squibb Company
Teva Pharmaceuticals
Amgen
Johnson & Johnson Services
New Forms of Treatment and Drugs Take Centre Stage for Market Players
Market players are concentrating on developing innovative forms of treatment. Sales through the online channel are also receiving prominence in company policies. Some prominent companies in the market are Bristol-Myers Squibb Company, Teva Pharmaceuticals, Amgen, and Johnson & Johnson Services.
Some of the recent developments in the market are:
In October 2023, Kyverna Therapeutics' KYV-101 drug was announced to be cleared for investigative use by the FDA.
In a 2021 study, the effects of Rituximab were found to be beneficial in treating systemic sclerosis.
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Segmentation of Cutaneous Fibrosis Treatment Market (Markt für die Behandlung von Hautfibrose) Research
By Drug Class:
Corticosteroids
Anti-fibrotic Drugs
Immunotherapy
Immunoglobulins
By Route of Administration:
Oral
Injectable
Topical
By Indication:
Keloid
Scleroderma
Radiation-induced Skin Fibrosis
GvHD Associated Cutaneous Fibrosis
By Indication:
Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies
By Region:
North America
Europe
Latin America
East Asia
South Asia & Oceania
Middle East & Africa
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