Report Code: A12596 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Immunodermatology Market
Request Now !Immunodermatology is a medical specialization that concentrates on diagnosing and treating skin disorders characterized by responses that influence the body's immune system. Immunodermatology testing is essential in the diagnosis and treatment of many diseases afflicting the epithelial organs including the skin, intestines, respiratory tract, and mucous membranes. Skin fights antigens on T cells and produces various types of cytokines because the skin is the body's first defective organ. From newborns to the elderly, skin diseases affect patients at any time, and they can be chronic or acute, genetic or conditional, and painful or painless. Numerous factors including the surge in demand for early diagnosis of skin conditions, increase in geriatric population, enhanced health insurance, and raised disposal income are linked with the expansion of immunodermatology market size.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the immunodermatology market.
Top Impacting Factors
Market Trends
New product launches to flourish the market
In May 2019, UCB, a global biopharmaceutical company, received FDA approval for the UCB’s tumor necrosis factor (TNF) inhibitor Cimzia (certolizumab pegol) to treat adults with moderate-to-severe plaque psoriasis. This approval indicates UCB’s path into the immuno-dermatology market.
In December 2020, Arcutis Biotherapeutics, Inc., a late-stage biopharmaceutical company announced that they are focusing on the development and commercialized treatments for unmet needs in immune-mediated dermatological diseases and conditions. The robust pipeline involves 4 development programs addressing 7 dermatological diseases, which includes 3 programs in Phase 2 or Phase 3 for 5 different indications.
Key Benefits of the Report
Questions answered in the immunodermatology Report
Immunodermatology Market Report Highlights
Aspects | Details |
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By Diagnosis |
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By Therapy |
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By Route of Administration |
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By Region |
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Key Market Players | Glenmark Pharmaceuticals Inc., Bausch Health, Astellas Pharma, Valeant Pharmaceuticals, Prometheus Laboratories, Novopharm Limited, Abbvie, Aspen Pharmacare Inc., Taro Pharmaceuticals Inc., Novartis |
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