The canine atopic dermatitis treatment market is set to experience notable growth, with an expected increase from USD 1,182.60 million in 2024 to approximately USD 1,620.50 million by 2034. This growth reflects a Compound Annual Growth Rate (CAGR) of 3.20% over the forecast period from 2024 to 2034.
While the market is poised for significant expansion, the updated report indicates a slower growth rate compared to the previous period. The CAGR observed between 2019 and 2023 was 7.60%, highlighting a decrease in growth pace for the upcoming decade.
The anticipated growth is driven by a rising awareness of canine atopic dermatitis and advancements in treatment options. As pet owners and veterinarians seek effective solutions to manage and alleviate this common skin condition in dogs, the market for atopic dermatitis treatments is expected to expand.
Advancements in veterinary medicine and an increasing focus on pet health are key factors contributing to market growth. Pet owners and veterinary professionals are seeking innovative solutions to manage and treat canine atopic dermatitis, ensuring the well-being of affected animals.
Key Takeaways of Canine Atopic Dermatitis Treatment Market Study
- Immunosuppressant drugs that currently lead the market will lose their market share to monoclonal antibodies (mAb).
- Oral administration remains at the forefront of preferred drug intake method.
- Injectable drugs will witness a steady CAGR and will rise to prominence by 2029, surpassing oral administration.
- Retail pharmacies continue to hold the leading revenue share; veterinary clinics closing in.
- Gains in canine atopic dermatitis treatment market are concentrated in North America.
Top Growth Drivers
- Established players in human life sciences are investing significant pecuniary resources in veterinary science, ascertaining the market growth.
- Robust healthcare infrastructure and rising pet ownership are bolstering the growth of market in North America.
- Swift recovery and less side effects remain the growth levers fueling demand for injectable veterinary drugs.
- Increasing online availability and easy accessibility of medical information will continue to be the significant growth contributor.
Key Restraints
- Certain therapeutic agents are facing increasing resistance, which is limiting the demand for immunosuppressant drugs.
- Ineffectual management by healthcare providers is a major hindrance to market growth.
Competitive Landscape
Leading players in global canine atopic dermatitis treatment market include, but are not limited to, Elanco Animal Health, Zoetis, Boragen Inc., and Immunomic Therapeutics Inc. Industry giants are focused on strategic alliances with regional players to boost their global presence. They continue to direct substantial resources towards regional acquisitions in order to fortify their market foothold. For instance, Zoetis acquired Nexvet Biopharma (2018) to accelerate the development of mAb therapies. This would enable the company to create new alternatives for treating canine atopic dermatitis. On the other hand, Elanco Animal Health acquired Boehringer Ingelheim Vetmedica, Inc. (2017), to innovate their range of rabies vaccines, canine and feline products.
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Canine Atopic Dermatitis Treatment Market By Category
By Drug Class :
- Corticosteroids
- Immunosuppressants
- Antibiotics
- Antihistamines
- Emollients
- Essential Fatty Acids
- Antipruritics
- Monoclonal Antibodies
By Route of Administration :
- Topical
- Oral
- Injectable
By Distribution Channel :
- Veterinary Hospitals
- Veterinary Clinics
- Retail Pharmacies
- Drug Stores
- Mail Order Pharmacies
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