About Vitiligo Drug
Vitiligo is a skin disease that prevents through a long-term period, also patches the skin to lose their color. The skin patches that are affected by the disease Vitiligo become white. This kind of disease happens because of melanocytes within the skin die off. Moreover, skin pigmentation, melanin, due to which skin has its color, protection from sun UV rays this all happens because of melanocyte cells. Hence the deficiency of this pigment can create diseases like this. Therefore, the growing per capita healthcare expenditure, improving healthcare infrastructure in developing countries, growing disease awareness and expected approval of Vitiligo drugs are some of the driving forces for the growth of this market. In addition to that, the key players are focusing on adopting collaboration and acquisition strategies. For instance, in December 2018, Incyte Corporation and Innovent Biologics, Inc. entered into a strategic licensing agreement for three clinical-stage products in China.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the global lithium foil market were innovation, product development, acquisition, and expansion. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Vitiligo Drug 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.
Boston Pharmaceuticals (United States), Pfizer, Inc. (United States), Sanofi S.A. (France), Bausch Health (Canada), GlaxoSmithKline plc (United Kingdom), F. Hoffmann-La Roche AG (Switzerland), Eli Lilly and Company (United States), Aclaris Therapeutics Inc (United States) and Arrien Pharmaceuticals LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Clinuvel Pharmaceuticals Ltd. (Australia), Applied Biology, Inc. (United States), Celgene Corp (United States), Incyte Corporation (United States) and Bristol – Myers Squibb (United States).
Segmentation Overview
AMA Research has segmented the market of Global Vitiligo Drug market by Type (ARN-4079, ATI-50001, AX-1602, Ruxolitinib Phosphate, VLRX-001 and Others), Application (Clinic, Hospital and Others) and Region.
On the basis of geography, the market of Vitiligo Drug 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 Route of Administration, the sub-segment i.e. Oral will boost the Vitiligo Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Vitiligo Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Type, the sub-segment i.e. Topical Treatment will boost the Vitiligo Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Calcineurin Inhibitors will boost the Vitiligo Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adopting Collaboration and Acquisition Strategies to Develop and Commercialize Novel Vitiligo Treatment Drugs in Order to Expand their Product Portfolio
Market Growth Drivers:
Rising Demand for Innovative and Modern Treatment Options for Vitiligo and Increasing Number of Vitiligo Patients to Favor Growth in the Asia Pacific
Challenges:
Lack of Awareness Regarding the Available Vitiligo Drugs and Counterfeit of these Drugs
Restraints:
However, Shortage of Dermatologists and Available Treatments Having a Longer Duration of Times are Major Restraining the Growth of this Market and Reduction in the Diagnosis Rate may Hamper the Vitiligo Drug Market Growth
Opportunities:
Increasing Research and Development Activities Related to Vitiligo Drugs is Expected to Facilitate the Growth of the Market over the Forecast Period. and India and China are Key Contributors to the Global Vitiligo Patient Population
Market Leaders and their expansionary development strategies
In August 2023, Mylan and the Michael J. Fox Foundation announce a joint effort to develop and improve access to affordable treatment options for vitiligo patients.
In October 2023, Researchers at Stanford University announce the development of a new topical gel that promotes repigmentation in vitiligo lesions through localized activation of stem cells.
Key Target Audience
Vitiligo Drug Manufactures, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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.