Scleroderma Therapeutics Market – By Drug Class (Immunosuppressors, Phosphodiesterase 5 inhibitors – PHA, Endothelin Receptor Antagonists), Indication (Systemic Scleroderma, Localized Scleroderma), Route of Administration (Oral), & Forecast, 2024 – 2032
Report ID: GMI10981
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 118
Countries covered: 23
Pages: 100
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Scleroderma Therapeutics Market Size
Scleroderma Therapeutics Market size was valued at USD 2.2 billion in 2023 and is expected to exhibit growth at a CAGR of 6.8% from 2024 to 2032. This market growth is attributed to increasing prevalence of the condition and rising awareness amongst patients.
The increasing prevalence of scleroderma is significantly impacting the market. As the incidence of both systemic and localized scleroderma rises globally, the demand for effective treatments continues to grow. According to data published by the National Scleroderma Foundation, an estimated 300,000 Americans are affected by scleroderma, with the possibility of many undiagnosed cases. Additionally, surging awareness and earlier diagnosis are further driving the demand for specialized treatments.
Substantial investments in research and development are expected to create significant opportunities for market growth. These investments enable the exploration of new drug candidates, innovative therapies, and advanced technologies that target the underlying mechanisms of scleroderma. Increased funding supports clinical trials, improves drug efficacy, and addresses unmet medical needs. Moreover, R&D efforts are fostering partnerships between pharmaceutical companies and research institutions, leading to breakthroughs in treatment options and better patient outcomes. Consequently, the influx of R&D investments is driving market growth and expanding therapeutic possibilities for managing scleroderma.
Scleroderma Therapeutics refers to medical treatments designed to manage scleroderma, a chronic autoimmune disease characterized by the hardening and tightening of the skin and connective tissues. These therapeutics aim to alleviate symptoms, slow disease progression, and improve overall quality of life for patients.
Scleroderma Therapeutics Market Trends
The market is witnessing several key trends shaping its evolution. One notable trend is the increasing focus on personalized medicine, driven by advancements in genomics and biomarker research. Personalized approaches are becoming more prevalent, with treatments tailored to individual genetic profiles and disease subtypes. For instance, in October 2023, Kyverna Therapeutics received FDA approval for its CAR T-cell therapy for the treatment of scleroderma. Additionally, ongoing research into the pathophysiology of scleroderma is leading to the identification of new therapeutic targets and the development of innovative drugs.
Scleroderma Therapeutics Market Analysis
Based on drug class, the market is classified into immunosuppressors, phosphodiesterase 5 inhibitors – PHA, endothelin receptor antagonists, prostacyclin analogues, calcium channel blockers, analgesics, and other drug classes. The immunosuppressors segment generated the highest revenue of USD 781.6 million in 2023.
Based on indication, the scleroderma therapeutics market is categorized into systemic scleroderma and localized scleroderma. The systemic scleroderma segment generated the highest revenue of USD 1.9 billion in 2023.
Based on route of administration, the scleroderma therapeutics market is segmented into oral, injectables, and other routes of administration. The Oral segment dominated the market in 2023 and is anticipated to reach USD 2.8 billion by 2032.
North America scleroderma therapeutics market accounted for USD 1.1 billion market revenue in 2023 and is anticipated to grow at CAGR of 5.3% between 2024 and 2032.
U.S. scleroderma therapeutics market accounted for USD 1 billion market revenue in 2023 and is estimated to hold substantial share between 2024 – 2032 period.
UK scleroderma therapeutics market is projected to grow remarkably in the coming years.
Japan holds a dominant position in the Asia Pacific scleroderma therapeutics market.
Scleroderma Therapeutics Market Share
The market has seen significant industrial developments, including the introduction of novel biologics and targeted therapies. Companies are increasingly focusing on immunosuppressors and antifibrotic agents to manage the disease's complex symptoms. Recent advancements include the FDA approval of Ofev (nintedanib) for systemic sclerosis-associated interstitial lung disease, highlighting a trend towards more specialized treatments. Collaborative research initiatives and partnerships are accelerating the development of new drugs. Additionally, the market is witnessing increased investment in clinical trials aimed at expanding the indications for existing drugs. These developments are enhancing treatment options and improving patient outcomes, driving the market forward.
Scleroderma Therapeutics Market Companies
Prominent players operating in the scleroderma therapeutics industry include:
Scleroderma Therapeutics Industry News:
The scleroderma therapeutics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Drug Class
Market, By Indication
Market, by Route of Administration
The above information is provided for the following regions and countries: