A recent study by Triton Market Research titled ‘Global Dermatological Therapeutics Market,’ covers the Global Analysis and Forecast for 2019-2028 by Drug Class (Anti-infectives, Anti-acne, Corticosteroids, Retinoids, Calcineurin Inhibitors, Other Drug Classes), by Application (Acne Vulgaris, Herpes, Alopecia, Psoriasis, Atopic Dermatitis, Rosacea, Other Applications), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
Dermatological therapeutics refers to the treatment and prevention of the diseases of the skin, nails, hairs, oral cavity and genitals. It covers a varied range of drugs classes and diseases. There are several routes for administering these treatments. The most commonly used is topical, which is followed by oral and other routes.
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The report on the global dermatological therapeutics market shows that the industry would generate $48.94 million by 2028, with a CAGR of 7.90% over the forecast years between 2019 and 2028.
Before the last decade, the public awareness levels with respect to dermatological diseases and their treatment was limited. However, over the past few years, efforts have been taken at both national and international levels for training health workers and people in developing countries. This training has helped created awareness about numerous skin conditions and also improve the process of diagnosis and treatment of various dermatological diseases. This increase in awareness levels has created numerous avenues for market growth. However, these treatment procedures also bring along certain side-effects, which is negatively impacting the studied market’s growth.
The market for dermatological therapeutics is bifurcated into drug class and application. The first segment, drug class, deals with anti-infectives, anti-acne, corticosteroids, retinoids, calcineurin inhibitors, and other drug classes. On the other hand, application, the second segment, focuses on acne vulgaris, herpes, alopecia, psoriasis, atopic dermatitis, rosacea, and other applications.
The Asia-Pacific is estimated to be the fastest-growing region in the global market for dermatological therapeutics over the projected period. The ever-increasing patient population pool, rising public awareness, and the growing per capita incomes are factors expected to be pivotal in channeling the growth of the market. For instance, the rise in rate of incidence of dermatological diseases in highly populated nations like China is providing a major boost to this market. As per an NCBI report, in 2017, YLDs (Years Lived with Disability) due to skin diseases in the country accounted for 16.94% of the global total. Owing to the growth in population, and particularly, the aged population, the absolute number of YLDs due to skin disease has increased substantially over the past three decades. All these factors are putting the APAC dermatological therapeutics on a growth track.
Amgen Inc, Bausch Health Companies Inc, Abbvie Inc, Pfizer Inc, AGI Dermatics, Johnson & Johnson, Glaxosmithkline Plc, Almirall, Novartis AG, Leo Pharma A/S, Galderma, Allergan, and Merck & Co are some of the reputed names in the dermatological therapeutics market.
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Question & Answer: Dermatological Therapeutics Market
Question 1: What factors are creating avenues for the dermatological therapeutics market growth?
Answer: Before the last decade, the public awareness levels with respect to dermatological diseases and their treatment was limited. However, over the past few years, efforts have been taken at both national and international levels for training health workers and people in developing countries. This training has helped created awareness about numerous skin conditions and also improve the process of diagnosis and treatment of various dermatological diseases. This increase in awareness levels has created numerous avenues for market growth.
Question 2: What factor is negatively impacting the dermatological therapeutics market’s growth?
Answer: , Treatment procedures for dermatological diseases may bring along certain side-effects, which is negatively impacting the studied market’s growth.
Question 3: How is the Asia-Pacific influencing the growth of the global dermatological therapeutics market?
Answer: The Asia-Pacific is estimated to be the fastest-growing region in the global market for dermatological therapeutics over the projected period. The ever-increasing patient population pool, rising public awareness, and the growing per capita incomes are factors expected to be pivotal in channeling the growth of the market. For instance, the rise in rate of incidence of dermatological diseases in highly populated nations like China is providing a major boost to this market.
As per an NCBI report, in 2017, YLDs (Years Lived with Disability) due to skin diseases in the country accounted for 16.94% of the global total. Owing to the growth in population, and particularly, the aged population, the absolute number of YLDs due to skin disease has increased substantially over the past three decades. All these factors are putting the APAC dermatological therapeutics on a growth track.
Question 4: Which are some of the reputed names in the dermatological therapeutics market?
Answer: Amgen Inc, Bausch Health Companies Inc, Abbvie Inc, Pfizer Inc, AGI Dermatics, Johnson & Johnson, Glaxosmithkline Plc, Almirall, Novartis AG, Leo Pharma A/S, Galderma, Allergan, and Merck & Co are some of the reputed names in the dermatological therapeutics market.
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