According to the research report titled ‘Prurigo Nodularis Treatment Market Size By Product (Antihistamines, Capsaicin Cream, Corticosteroids, Emollients), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global prurigo nodularis treatment market is anticipated to amass strong returns over 2021-2027.
 

Escalating demand for better medication, increasing R&D investment, and expanding pharmaceutical and biotechnology industries are supporting global prurigo nodularis treatment market growth. However, lack of an approved targeted therapy/drug for the condition is major challenge for vendors in this business sphere.
 

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For the uninitiated, prurigo nodularis is a condition in which crusty hard lumps form on the human skin and itch intensely. The skin bumps range from very small to half inch in diameter. It is tough to treat this disease as patients respond differently to the medications. A combination of multiple treatment is required to determine the right plan for a specific individual.
 

Based on product type, antihistamines segment is slated to register 5.1% CAGR over the forecast duration, attributable to increasing product use in first-line therapy for managing allergic reactions. Antihistamines are available as chewable tablets, pills, liquids, capsules, and eye drops, and are ideal for treating symptoms like hives and other skin rashes, swollen nasal passages, runny and itchy eyes, runny nose, congestion and sneezing.
 

Considering distribution channel, hospital pharmacies segment captured over 27.5% of global prurigo nodularis treatment industry share in 2020 and is likely to grow immensely in the upcoming years, attributable to surging demand for better medication and high patient volume in such establishments
 

On the geographical front, North America market is touted to accrue notable returns over the forecast timeframe with U.S. as the key contributor. In fact, the U.S. industry attained a valuation of over USD 200 million in 2020 and is set to grow rapidly in the ensuing years. Heavy investments in R&D, surging demand for advanced products, and launch of novel therapies by local players are fostering the regional market growth.
 

With respect to the competitive landscape, Galderma S.A., Bayer AG, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, he Takeda Pharmaceutical Co. Ltd., Sanofi S.A., Merck & Co. Inc., Pfizer Inc., and Johnson & Johnson Services Inc. are the top players impacting the overall prurigo nodularis treatment market dynamics.