The healthcare vertical is seeing an influx of self-moving smart devices, which ought to extend support to the medical staff by curtailing their supply management or sanitation-related chores. Smart helpers could be used for remote monitoring of oxygen saturation and blood pressure levels for the patients, as they are of utmost importance regarding their health condition. This would be the scenario with Dermatology Biologics Market in the subsequent decade.
Dermatology biologics target specific sites in the immune-pathogenesis pathway of the disease. Dermatology biologics are widely used for the treatment of severe psoriasis, psoriatic arthritis, other types of arthritis and inflammatory bowel diseases. These biologics have revolutionized the treatment of various dermatologic diseases.
The first biologic for the treatment of these diseases was approved in 2003, today there are 10 FDA approved biologics in the market to treat moderate to severe plaque psoriasis, which is expected to increase the demand of dermatology biologics over the forecast period.
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Efficiency and target specific approach of dermatology biologics and high adoption rate of dermatology biologics in psoriasis treatment are the other driving factors for the market growth. However, the availability of a limited number of dermatology biologics, stringent regulatory norms associated with the approval of dermatology biologics, severe side effects of dermatology biologics and expensive nature of dermatology biologics may hamper the dermatology biologics market growth during the forecast period.
Dermatology Biologics Market: Segmentation
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Dermatology Biologics Market: Overview
The overall market is expected to report promising growth as the epidemiologic studies have revealed that prevalence of psoriasis in the UK is estimated to be at 1.3%–2.2%. Promising revenue growth is expected in the dermatology biologics market during the forecast period due to the introduction of novel dermatology biologics products in near future.
Dermatology Biologics Market: Region-wise Outlook
The Europe dermatology biologics market is driven by growing funding for the development of dermatology biologics available through public-private partnerships, availability of high-quality research infrastructure and innovative strategies being developed by drug makers. Furthermore, rising disease incidences in emerging countries are expected to prove to be favorable for the growth of the dermatology biologics market
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