Keen Insight for Industry Trend: Dermatology Drug Market Will Worth USD 38,512 Million by 2026
Dermatology is a diverse specialty encompassing disorders and diseases of the skin, mucous membrane, hair and nails. Diseases in this category include acne, multiple inflammatory dermatoses, skin cancers, autoimmune disease, occupational dermatitis and contact dermatitis. It’s a highly fragmented therapeutic area, under which comes, acne, rosacea, psoriasis, atopic dermatitis, and other disorders.
Dermatology Drug Market Conspectus
Global Dermatology Drug Market Report demonstrated that Dermatology Drug market is poised to present surging growth during the predicted period from USD 22,676 million in 2019 to reach USD 38,512 million by 2026 with a CAGR of 7.86%.
The global dermatology drug market covers a wide range of drug classes within its scope for the treatment of various diseases associated with the skin, nails, genital membranes and hair, affecting millions of people worldwide. In recent years, it has been observed that the number of patients affected by skin diseases has increased significantly due to lack of nutrition, unhealthy eating habits, increased stress, pollution and lack of immunity in the global population. This increases the need for effective treatments and dermatological drugs for the treatment of dermatological conditions. A key factor fueling the market dermatology drug growth is the need for safe and stable drugs that require minimal monitoring. Currently, most drugs used to treat severe skin diseases are associated with neuropsychiatric adverse reactions. They depend on the dose and duration and therefore require systematic monitoring to identify adverse reactions.
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Major Participators Landscape
The dermatological drug market is highly fragmented, based on new product launches and product clinical outcomes. As a result, key players use a variety of strategies, such as new product launches, clinical trials, marketing plans, high R&D expenses, agreements, joint ventures, partnerships, acquisitions, etc., to increase their footprint in this market. Key market players covered in the report such as Novartis, Roche, Pfizer, MSD, Sinofi, GSK, Johnson&Johnson, AstraZeneca, Amgen, AbbVie, Eli Lilly, and etc.
Market Dynamics Abstract
l Growing number of skin diseases across all age-groups
l Increasing expenditure on personal care
Market Challenges Abstract
l Stringent regulations for dermatology drugs approval
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Dermatology Drug Type Abstract
Based on the type, the Dermatology Drug can be bifurcated into Prescription-Based Drugs, OTC Drugs, and Other.
Dermatology Drug Application Abstract
The Dermatology Drug is widely used in Acne, Dermatitis, Psoriasis, Skin Cancer, Rosacea Alopecia, Others, and Other. During the forecast period, the market is expected to witness the fastest growing demand for dermatological drugs for the treatment of psoriasis, with a compound annual growth rate of 8.5%.
Key Regions Overview
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
In 2018, the global dermatology drug market was mainly concentrated in the three regions of Asia-Pacific, North America and Europe, with the market share of 25.34%, 36.35% and 34.71% respectively, accounting for a total of 96.4%. North America and Europe are the leading markets for dermatology drugs due to prevalence of skin diseases as well as increasing R&D investments for the manufacture of dermatology drugs. Moreover, Asia-Pacific is expected to be the potential market during the forecast period owing to high prevalence of skin diseases like psoriasis, acne, higher adoption rate of advanced therapeutics and growing awareness about skin disorders.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Dermatology Drug Market
2 Market Trends and Competitive Landscape
3 Segmentation of Dermatology Drug Market by Types
4 Segmentation of Dermatology Drug Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Dermatology Drug Market in Major Countries
7 North America Dermatology Drug Landscape Analysis
8 Europe Dermatology Drug Landscape Analysis
9 Asia Pacific Dermatology Drug Landscape Analysis
10 Latin America, Middle East & Africa Dermatology Drug Landscape Analysis
11 Major Players Profile
11.1 Novartis
11.1.1 Novartis Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Roche
11.3 Pfizer
11.4 MSD
11.5 Sinofi
11.6 GSK
11.7 Johnson&Johnson
11.8 AstraZeneca
11.9 Amgen
11.10 AbbVie
11.11 Eli Lilly
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Target Audience:
• Dermatology Drug manufacturers
• Raw material suppliers of Dermatology Drug
• Distributors and resellers of Dermatology Drug
• Dermatology Drug industry associations
• Product managers, Dermatology Drug industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Healthcare Organization
• Research & Clinical Laboratories
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