The 7 major hand eczema markets reached a value of US$ 12.6 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 27.1 Billion by 2034, exhibiting a growth rate (CAGR) of 7.17% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
|
Market Size in 2023
|
US$ 12.6 Billion |
Market Forecast in 2034
|
US$ 27.1 Billion |
Market Growth Rate (2024-2034)
|
7.17% |
The hand eczema market has been comprehensively analyzed in IMARC's new report titled "Hand Eczema Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Hand eczema refers to a common skin condition characterized by discomfort and inflammation of the skin on the hands. It falls under the broader category of eczematous dermatitis and can range in severity from mild to severe. The symptoms of the ailment can vary but often include redness, dryness, itching, swelling, and the development of painful cracks or blisters on the hands. These indications can be debilitating, affecting daily activities that involve hand use, such as washing, cooking, and typing. The diagnosis of hand eczema typically involves a detailed evaluation of medical history and a physical examination by a dermatologist. The doctor may inquire about potential triggers, such as exposure to irritants like chemicals, allergens, frequent hand washing, or even genetic predisposition. In some cases, patch testing might be conducted to determine specific allergens that could be contributing to the disease. Early diagnosis and interventions are essential to prevent the condition from worsening and impacting quality of life.
The rising prevalence of frequent exposure to irritants and allergens, which instigate inflammatory responses in the skin, leading to redness, itching, and flaking, is primarily driving the hand eczema market. In addition to this, the inflating utilization of effective treatments, such as topical corticosteroids, emollients, calcineurin inhibitors, etc., to alleviate symptoms and prevent further exacerbation of the ailment is creating a positive outlook for the market. Moreover, the widespread adoption of preventive measures and proper skincare practices, given their role in minimizing triggers, reducing flare-ups, and maintaining skin barrier integrity, is also bolstering the market growth. Apart from this, the increasing usage of advanced diagnostic techniques, like skin biopsies, which aid in the precise identification of causative factors and tailor-made treatment approaches, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of phototherapy, since it involves exposing the skin to certain wavelengths of ultraviolet light to treat persistent cases of hand eczema, is also augmenting the market growth. Furthermore, the escalating application of novel therapies, such as immune-modulating agents and biologic drugs that target specific inflammatory pathways, thereby offering enhanced symptom relief and better disease management, is expected to drive the hand eczema market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the hand eczema market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for hand eczema and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the hand eczema market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current hand eczema marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Toctino (Alitretinoin oral) | Stiefel Laboratories |
LEO 124249 | Japan Tobacco/LEO Pharma |
Dupilumab | Regeneron/Sanofi |
ARQ-252 | Arcutis Biotherapeutics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Hand Eczema: Current Treatment Scenario, Marketed Drugs and Emerging Therapies