The global dermatological drugs market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Dermatology is a field of medicine that is engaged in the diagnosis, prevention, and treatment of various diseases related to skin, nails, and hair, such as pigmentation, acne, wrinkles, and psoriasis. Dermatological agents, also known as dermatological, are products that are applied topically on the skin. These products are used to treat skin conditions and are also employed to prevent certain skin disorders. Furthermore, dermatological is also used for routine skin care to maintain one’s skin. However, some of the dermatological are systemic preparations, which are used in patients who are not responsive to topical medications. Moreover, these preparations are used to treat various skin conditions such as acne, dermatitis, and psoriasis. A large number of drugs have been approved by the FDA and other regulatory bodies of different nations for several skin conditions and disorders.
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The major factors that are expected to boost the market include a 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 the incidence of skin cancer and other skin disorders are some factors that are anticipated to accelerate the growth of the market. Moreover, the development of innovative products and an increase in the number of mergers & acquisitions by key vendors are expected to provide numerous opportunities for the growth of the market during the forecast period. Furthermore, a rise in awareness related to the use of topical ointments for the management and treatment of psoriasis is another major factor that fuels the growth of the market during the forecast period. However, lack of awareness about the drugs and stringent government regulations restrains the growth of the global dermatology drugs market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Disease
- By Type
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Novartis International AG, AbbVie Inc., and Sanofi S.A., among others.
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Global Dermatological Drugs Market Report by Segment
By Disease
- Acne
- Dermatitis
- Psoriasis
- Skin Cancer
- Rosacea
- Alopecia
- Others
By Type
- Prescription-Based
- OTC Drugs
Global Dermatological Drugs Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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