Canine Atopic Dermatitis Treatment Market Anticipated to Grow at 3.2% CAGR, Projected to Reach USD 1,620.50 Million by 2034

Canine Atopic Dermatitis Treatment

   Canine Atopic Dermatitis Treatment Market

The canine atopic dermatitis treatment market is poised for a significant valuation increase, rising from USD 1,182.60 million in 2024 to an anticipated USD 1,620.50 million by 2034. According to the latest report by Future Market Insights (FMI), the market is expected to grow at a compound annual growth rate (CAGR) of 3.20% from 2024 to 2034. This marks a notable decrease from the previous CAGR of 7.60% observed between 2019 and 2023.

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Key Takeaways of Canine Atopic Dermatitis Treatment Market Study

  • Immunosuppressant drugs that currently lead the market will lose their market share to monoclonal antibodies (mAb).
  • Oral administration remains at the forefront of preferred drug intake method.
  • Injectable drugs will witness a steady CAGR and will rise to prominence by 2029, surpassing oral administration.
  • Retail pharmacies continue to hold the leading revenue share; veterinary clinics closing in.
  • Gains in canine atopic dermatitis treatment market are concentrated in North America.

Top Growth Drivers

  • Established players in human life sciences are investing significant pecuniary resources in veterinary science, ascertaining the market growth.
  • Robust healthcare infrastructure and rising pet ownership are bolstering the growth of market in North America.
  • Swift recovery and less side effects remain the growth levers fueling demand for injectable veterinary drugs.
  • Increasing online availability and easy accessibility of medical information will continue to be the significant growth contributor.

Key Restraints

  • Certain therapeutic agents are facing increasing resistance, which is limiting the demand for immunosuppressant drugs.
  • Ineffectual management by healthcare providers is a major hindrance to market growth.

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Competitive Landscape

Leading players in global canine atopic dermatitis treatment market include, but are not limited to, Elanco Animal Health, Zoetis, Boragen Inc., and Immunomic Therapeutics Inc. Industry giants are focused on strategic alliances with regional players to boost their global presence. They continue to direct substantial resources towards regional acquisitions in order to fortify their market foothold. For instance, Zoetis acquired Nexvet Biopharma (2018) to accelerate the development of mAb therapies. This would enable the company to create new alternatives for treating canine atopic dermatitis. On the other hand, Elanco Animal Health acquired Boehringer Ingelheim Vetmedica, Inc. (2017), to innovate their range of rabies vaccines, canine and feline products.

Canine Atopic Dermatitis Treatment Market By Category

By Drug Class :

  • Corticosteroids
  • Immunosuppressants
  • Antibiotics
  • Antihistamines
  • Emollients
  • Essential Fatty Acids
  • Antipruritics
  • Monoclonal Antibodies

By Route of Administration :

  • Topical
  • Oral
  • Injectable

By Distribution Channel :

  • Veterinary Hospitals
  • Veterinary Clinics
  • Retail Pharmacies
  • Drug Stores
  • Mail Order Pharmacies

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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