About Dermatology Drugs
Dermatology drugs are used to treat numerous skin conditions, these drug are applied directly on the skin or can be taken through injection. They may deliver medicines to prevent or treat skin disorders or have inert creams and gels for routine skin care to maintain the skin, which may be liable to skin disorders. A large number of drugs have been approved by the FDA and other regulatory bodies of different countries for some skin conditions and disorders. The dermatological indications such as pigmentation, acne, wrinkles, psoriasis and many other can be treated by the dermatology drugs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Dermatology Drugs is a fragmented market due to the presence of several regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Dermatology Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayer AG (Germany), Johnson & Johnson (United States), Pfizer Inc. (United States), Novartis AG (Switzerland), GlaxoSmithKline plc (United Kingdom), AstraZeneca (United Kingdom), Galderma S.A (Switzerland), Amgen Inc. (United States), AbbVie Inc. (United States) and Merck KGaA. (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dermatology Drugs market by Type (Prescription-Based Drugs and Over-the-Counter Drugs), Application (Psoriasis, Skin Infections, Acne, Dermatitis and Other) and Region.
On the basis of geography, the market of Dermatology Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Forms, the sub-segment i.e. Tablets will boost the Dermatology Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Quick Diagnosis and Rising Expenditure on Personal Care
Market Growth Drivers:
Increasing Skin Related Infection and Growing Demand for Topical Dermatological Drugs
Challenges:
Side Effect Related to Dermatology Drugs
Restraints:
Strict Government Regulations
Opportunities:
Development of Innovative Products
Market Leaders and their expansionary development strategies
In March 2023, March 2023, Bayer AG plans to spend USD1 billion on drug research and development in the U.S. this year as it works to double its sales in the country by the end of the decade, Bayer's top U.S. pharmaceutical executive.
In November 2023, Consumer Health division of Bayer have launched a strategic partnership to advance consumer innovations in the emerging area of healthy aging. The partnership is designed to enhance the companies’ shared ambition to transform self-care through personalized solutions.
Jeuveau which is an acetylcholine release inhibitor and a neuromuscular blocking agent has been approved by FDA in February 2019. Jeuveau is specifically indicated for the temporary improvement in the appearance of moderate to severe glabellar lines associated with corrugator and/or procerus muscle activity in adult patients.
Key Target Audience
Manufacturers of Dermatology Drug, Suppliers of Dermatology Drug, Wholesalers, Distributors and Retailers of Dermatology Drug, Healthcare Industry, Research Organization and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.