About Dermatomyositis Treatment
Dermatomyositis (DM) is a rare autoimmune condition that affects children and adults and is one of the many idiopathic inflammatory myopathies (IIM) with cutaneous involvement (predominately affects the skin and muscles). Dermatomyositis may occur at any time from infancy through approximately age 80, but most commonly it occurs between ages 40 to 60. The estimated incidence of dermatomyositis is 9.63 cases per million people. In children, the symptoms usually appear between the ages of five to 15 years. Approximately three in 1,000,000 children are affected by juvenile dermatomyositis. Females are affected by dermatomyositis twice as often as males. The growing dermatomyositis cases worldwide has increased the demand for dermatomyositis treatment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.54% |
The key players are increasingly focusing on the development of new and advanced treatments or drugs for dermatomyositis or several inflammatory diseases. Players are also targeting partnerships and mergers as their business strategies to enter into the market or strengthen their portfolio and overall growth of the company. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Dermatomyositis Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ranbaxy Laboratories Limited (India), Abbott Laboratories (United States), Sanofi S.A. (France), Cipla Limited (India), Actelion Pharmaceuticals Ltd. (Switzerland) and Corbus Pharmaceuticals Holdings, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dermatomyositis Treatment market by and Region.
On the basis of geography, the market of Dermatomyositis Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Dermatomyositis Type, the sub-segment i.e. Classic Dermatomyositis (CDM) will boost the Dermatomyositis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Children will boost the Dermatomyositis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Medication Type, the sub-segment i.e. Pharmacotherapy (Corticosteroids, Immunosuppressive Agents, Immune Globulins, Antimalarial Agent) will boost the Dermatomyositis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Dermatomyositis Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Skin And Muscles Diseases Among Adults
Market Growth Drivers:
Increasing Prevalence of Dermatomyositis Cases Globally and Dermatomyositis Treatment Suitability for Patient of Any Age
Challenges:
Limited Adoption in Undeveloped Areas
Restraints:
High Cost of Dermatomyositis Treatment
Opportunities:
Regulatory Support for Dermatomyositis Treatment and Untapped Emerging Countries
Market Leaders and their expansionary development strategies
In June 2022, Pfizer and Roivant Sciences announced the unveiling of a clinical-stage biotechnology company, Priovant Therapeutics to develop therapies for patients with autoimmune disease. The newly launched company is developing oral brepocitinib for the treatment of dermatomyositis and lupus which is a dual inhibitor of TYK2 and JAK1 and has potential to provide efficacy in multiple highly inflammatory autoimmune diseases.
In July 2021, Octapharma's Octagam received approval from FDA for the treatment of adults with dermatomyositis. FDA has approved Octagam based on positive results of the ProDERM study. ProDERM trial included a 16-week phase in which 78.7% of patients who received 10% Octagam positively responded to the treatment as compared to the patients who received a placebo.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Dermatomyositis Treatment Provider, Healthcare Institutes, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.