The global dermatologicals market accounted for $15,563 million in 2018 and is expected to reach $36,205 million by 2026, registering a CAGR of 10.9% from 2019 to 2026.
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Dermatologicals are medicinal preparations used to treat patients suffering from skin disorders. These preparations are used to treat conditions such as psoriasis, acne, and rosacea. Moreover, there are different types of dermatological formulations available in the market such as topical, and oral. Furthermore, skin disorders are different from each other and therefore, require different treatment options. For instance, disorders such as psoriasis require the use of parenteral dermatological preparations for treatment. In addition, these preparations are mostly available over-the-counter. However, some of the preparations are also prescribed by physicians.
The major factor that contributes to the growth of dermatologicals market include rise in demand for topical dermatological drugs such as anti-inflammatory agents, anti-infective, local anesthetics, cleansers, and emollients to treat acne. Furthermore, the rise in awareness about skin diseases, high demand for rapid diagnosis, and surge in incidence of skin cancer & other skin disorders are the factors that boost the growth of the market. However, lack of awareness about these drugs and stringent government regulations restrain the market growth. The development of innovative products and rise in number of mergers & acquisitions by key vendors are expected to provide numerous opportunities for the market growth during the forecast period.
The dermatologicals market size is studied on the basis of dermatological disease, drug type, route of administration, and region to provide a detailed assessment of the market. On the basis of dermatological disease, it is segmented into acne, dermatitis, psoriasis, skin cancer, rosacea, alopecia, and others. By drug type, it is bifurcated into prescription-based drugs and over-the-counter drugs. On the basis of route of administration, it is segmented into topical, oral, and parenteral administration. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
Dermatologicals Market – Company Profiles
The List of Companies – Bayer AG, Johnson & Johnson, Pfizer Inc., Novartis AG, GlaxoSmithKline plc, AstraZeneca, Galderma S.A., Amgen Inc., AbbVie Inc.,, Merck KGaA
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The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Dermatologicals market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Dermatologicals market?
- What are the prominent market trends influencing the development of the Dermatologicals market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Dermatologicals market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
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Table Of Content
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DERMATOLOGICALS MARKET, BY DISEASE
CHAPTER 5: DERMATOLOGICALS MARKET, BY TYPE
CHAPTER 6: DERMATOLOGICALS MARKET, BY ROUTE OF ADMINSTRATION
CHAPTER 7: DERMATOLOGICALS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
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