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The Global Bullous Pemphigoid Market is Anticipated to Witness High Growth Owing to Rising Geriatric Population

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SidhuM
The Global Bullous Pemphigoid Market is Anticipated to Witness High Growth Owing to Rising Geriatric Population


Bullous pemphigoid is a rare skin disease that causes an autoimmune-mediated blistering of the skin and mucous membranes. It consists of large, fluid-filled blisters that are usually not painful. The blisters tend to form on the trunk and upper thighs. Treatment options for bullous pemphigoid include topical corticosteroids, oral corticosteroids, immunosuppressants, immunomodulatory drugs and antibiotics. The global Bullous Pemphigoid Market is expected to grow significantly due to the increasing elderly population who are more susceptible to skin disorders.


The bullous pemphigoid market is estimated to be valued at USD 1.4 Bn in 2024 and is expected to reach USD 2.8 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.


Key Takeaways

Key players operating in the Bullous Pemphigoid Market are Pfizer Inc, Astellas Pharma, Novartis AG, and Baxter International Inc. These companies hold a major share of the global market owing to their widespread product portfolio and brand recognition.

The key opportunities in the Bullous Pemphigoid Market include the growing awareness about rare skin diseases and their treatment options. Various non-profit organizations conduct awareness campaigns and symposiums about such rare conditions to reach out to patients as well as healthcare professionals.

The market players are focusing on global expansion through acquisitions and collaborations with local pharmaceutical companies. For instance, in 2022, Pfizer acquired Global Blood Therapeutics to strengthen its rare disease portfolio and expand worldwide commercial capabilities in rare hematology and immunology.


Market Drivers

Rising geriatric population- Bullous pemphigoid is more common in elderly people aged over 60 years. The increasing life expectancy has led to growth in the aging demographic susceptible to such skin disorders.


Market Restrains

High cost of biologics and specialty drugs- Novel targeted therapies and biologics used in refractory cases of bullous pemphigoid impose a huge financial burden. This hinders wide acceptance and adoption of these high-cost drugs.


Segment Analysis

The Bullous Pemphigoid Market is segmented into drug class and distribution channel. Based on drug class, the Bullous Pemphigoid Market is further segmented into corticosteroids, immunosuppressants, immunosuppressive therapies, antibiotic therapy, and others. Among them, the corticosteroids segment dominates the market due to its faster results as compared to other therapies. Corticosteroids help reduce skin inflammation and are commonly prescribed as first line treatment for mild to moderate BP.


Global Analysis

North America holds a significant share in the global Bullous Pemphigoid Market due to the increasing incidence of bullous pemphigoid and accessibility to advanced treatment options. The Asia Pacific region is expected to witness the fastest growth over the forecast period owing to rising healthcare expenditure and increasing awareness regarding skin diseases. Growing geriatric population China, which are more prone to developing bullous pemphigoid, further propels market growth in the region. Additionally, government support for establishing healthcare infrastructure in emerging Asia Pacific economies contributes to market growth.


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About Author:


Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.


(https://www.linkedin.com/in/ravina-pandya-1a3984191)

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