What is Tretinoin Drugs Market?
Tretinoin, also known as all-trans-retinoic acid (ATRA), is a naturally occurring derivative of vitamin A that helps the skin renew itself. It is an important regulator of cell reproduction, proliferation, and differentiation. This drug is used to treat acne and photodamaged skin and to manage keratinization disorders such as ichthyosis and keratosis follicularis. It also represents the class of anticancer drugs called differentiating agents and is used in the treatment of acute promyelocytic leukemia (APL).
The market study is being classified by Type (Oral and Injection), by Application (Keratinization Disorders, Acute Promyelocytic Leukemia (APL) and Others) and major geographies with country level break-up.
Mylan N.V. (United States), Pfizer Inc. (United States), Taro Pharmaceutical Industries Ltd. (United States), Cadila Healthcare (India), Mediwin Pharmaceuticals (India), Johnson & Johnson (United States), East West Pharma (United States), Glenmark Pharmaceuticals (India) and Actiza Pharmaceutical (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Indian Players will contribute to the maximum growth of Global Tretinoin Drugs market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tretinoin Drugs market by Type, Application and Region.
On the basis of geography, the market of Tretinoin 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Applications of Tretinoin Drugs for Various Treatment
- Increased Number of Hospitals and Clinics
Market Trend
- Increased Research and Development Activities
Restraints
- Side Effects of the Tretinoin Drugs
Opportunities
- Growth in the Healthcare Industry
- Increasing Number of Online Customers
Challenges
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
In November 2019, Mylan N.V. and Pfizer Inc. has announced that the name of the new company to be formed by the planned combination of Mylan and Upjohn, a division of Pfizer, will be Viatris.
Key Target Audience
Tretinoin Drugs Manufacturers, Raw Material Supplier, Distributors, Emerging Companies and End-users