Product Code: RP-ID-10351985 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10351985
Market Overview:
Global Dermatological Drugs Market Analysis & Outlook 2030
In 2021, the global dermatology drugs market is estimated to be worth USD 18 billion and is expected to expand at a compound annual growth rate of 12% from 2022 to 2030. Dermatology is a medical field dedicated to diagnosis, prevention and treatment of various diseases. Diseases related to skin, nails, and hair, such as pigmentation, acne, wrinkles, and psoriasis. Dermatological agents, also called dermatological agents, are products that are applied topically to the skin. These products are used to treat skin diseases and also to prevent certain skin diseases. In addition, dermatology is also used in daily skin care to maintain the skin. However, some dermatological drugs are systemic preparations for patients who do not respond to topical drugs. In addition, these preparations are also used to treat various skin diseases, such as acne, dermatitis and psoriasis.
The main factors contributing to the growth of the dermatological product market include the increasing demand for topical dermatological drugs, such as anti-inflammatory, anti-infective, local anesthetics, cleansers and emollients to treat acne. In addition, increasing awareness of skin diseases, high demand for rapid diagnosis, and increasing incidence of skin cancer and other skin diseases are factors driving the growth of the dermatology market. However, lack of understanding of drugs and strict government regulations hinder the growth of the dermatology market. The development of innovative products and the increase in the number of mergers and acquisitions by major suppliers are expected to provide plenty of opportunities for market growth during the forecast period.
Market segment review:
Based on skin diseases, the psoriasis segment accounted for the largest dermatology market share in 2020. In addition, it is expected that it will also become the fastest growing market segment during the forecast period. The growth of this segment is attributable to the increase in the incidence of psoriasis worldwide. In addition, increased awareness related to the use of topical ointments to treat psoriasis is another important factor driving the growth of the dermatology market. According to the type of drug, due to the increase in skin diseases, the prescription part accounts for the largest proportion. In addition, skin diseases are serious and require professional medical care provided by dermatologists. In addition, due to the increased public awareness of the availability of dermatological products, it is expected that over-the-counter drugs will become the fastest growing part during the forecast period.
By region, North America accounted for the largest share of the dermatology market in 2020, and since dermatology is easily available, this trend is expected to continue. In addition, the increase in the incidence of skin diseases such as dermatitis, acne and psoriasis is another important reason for the growth of the dermatology market. On the other hand, due to increased awareness of dermatological use, the Asia-Pacific region is expected to grow the fastest during the forecast period. The evolving life sciences industry is driving market growth in developing economies such as India, China and Malaysia. The continuous development has led to increased awareness related to the use of dermatology. In addition, it also leads to an increase in peoples aesthetic awareness, which contributes to the growth of the dermatology market.
The global dermatology product market is highly competitive, and major market participants have adopted various strategies to gain the largest market share. These include collaboration, product launches, partnerships, and acquisitions. The major players operating in the market include Bayer, Johnson & Johnson, Pfizer, Novartis, GlaxoSmithKline, AstraZeneca, Galderma SA, Amgen, AbbVie and Merck. Main benefits for stakeholders: This report involves detailed quantitative analysis and current global dermatology market trends from 2022-2030 to identify major opportunities and strategic assessments. Researched the dermatology market forecast from 2022-2030. The dermatology market size and estimates are based on a comprehensive analysis of key developments in the industry. Qualitative analysis based on innovative products helps strategic business planning. Development strategies adopted by major market participants are recruited to understand the competitive landscape of the market. Key market segments: by skin disease, acne, dermatitis, psoriasis, skin cancer, rosacea, hair loss, by drug type. The above-mentioned prescription drugs-topical oral and parenteral administration of overdose via the route of administration.
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