Development of resistance to various therapeutic agents is contributing to increasing demand for immuno-specific drugs and vaccines. In this regard, scientists have noted that the production of monoclonal antibodies for canine atopic dermatitis treatment could prove largely helpful, and could be more stable as compared to biological drugs, which will create opportunity for the growth of the canine atopic dermatitis treatment market.
FMI – a well-established name in the market research domain – forecasts that, the canine atopic dermatitis treatment market will experience a major upturn post 2026, reaching US$ 2.4 Bn by 2029.
As per a detailed study by Future Market Insights, the demand in the global canine atopic dermatitis treatment market is projected to total US$ 1.05 Bn by 2022, surging at an impressive CAGR of 12.3% over the forecast period 2022-2029.
FMI estimates that North America will emerge as the most remunerative canine atopic dermatitis treatment market, creating an incremental opportunity of US$ 1 Bn through 2029. Based on the route of administration, the oral segment is anticipated to dominate the market, accounting for nearly 48.2% of the revenue share by 2022.
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|Canine Atopic Dermatitis Treatment Market Estimated Size in 2022||US$ 1.05 Bn|
|Canine Atopic Dermatitis Treatment Market Projected Size in 2029||US$ 2.37 Bn|
|Canine Atopic Dermatitis Treatment Market Historical CAGR (2014-2021)||13.8%|
|Canine Atopic Dermatitis Treatment Market Value-based CAGR (2022-2029)||12.3%|
Key Takeaways of Canine Atopic Dermatitis Treatment Market Study
- Immunosuppressants are anticipated to be highly preferred treatment for canine atopic dermatitis, and contribute more than 45% revenue share in the canine atopic dermatitis treatment market.
- Due to growing resistance to various therapeutic chemical agents, the demand for high specificity biologics such as monoclonal antibodies is expected to increase during the forecast period.
- The injectable segment is anticipated to dominate the market by route of administration for administrating monoclonal antibodies.
- In terms of distribution channel, retail pharmacies are expected to gain more than 50% of market share during the forecast period.
- North America is the dominating region, while East Asia is expected to offer lucrative opportunities, owing to rapid increase in healthcare programs and industrialization.
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Leading Manufacturers Following Acquisition Strategy to Increase Regional Presence
Leading manufacturers in the canine atopic dermatitis treatment market are focusing on regional acquisitions to enhance their product portfolios and expand their regional presence. For instance, in 2021, Zoetis completed the acquisition of Nexvet Biopharma. This collaboration strengthened the development platform of mAb therapies and added new alternatives to treat diseases in companion animals.
In 2021, Elanco Animal Health (Eli Lily and Company) reported an acquisition of Boehringer Ingelheim Vetmedica, Inc., which includes an array of rabies vaccines, feline and canine products, and several pipeline assets.
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Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
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Canine Atopic Dermatitis Treatment Market – The global Canine Atopic Dermatitis Treatment Market is estimated to exceed US$ 2.37 Bn by the end of 2029. Growing emphasis on the development of novel therapeutics such as monoclonal antibodies for the treatment of atopic dermatitis in dogs and cats is expected to favor the growth in the market.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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