Dermatology Drugs Market segments, Key Indications, Drug Class, Approved Treatments, Growth Opportunities Regions

Dermatology drugs market is expected to reach $34.5 billion by 2023, according to P&S Intelligence.Increasing personal spending, strong pipeline of dermatological drugs, and growing awareness about skin diseases are the key factors boosting the demand for dermatology drugs globally.

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On the basis of treatment, the dermatology drugs market has been categorized into topical corticosteroids, retinoids, biologics, calcineurin inhibitors, antihistamines, hormonal therapy, and others. Among these, biologics is expected to be the fastest growing category, advancing at CAGR of 9.1% during the forecast period.

Based on drug, the dermatology drugs market has been mainly classified into Humira, Remicade, Otezla, Stelara, Enbrel, Cosentyx, Neoral, Taltz, Cubicin, Canesten, Zyvox, Dupixent, Protopic, Valtrex, and Eucrisa. Of these, Humira witnessed the highest demand in the market, majorly among patients suffering from psoriasis.

Major therapy areas of dermatology drugs include psoriasis, atopic dermatitis, acne, rosacea, acne scars, and skin cancer. The dermatology drugs market saw the highest revenue generated from psoriasis drugs during the historical period. The category generated revenue of $14.2 billion in the market in 2017. The report also provides the analysis of various therapy areas, on the basis of prescription mode.
On the basis of prescription mode, the market has been categorized into OTC and prescription-based drugs, of which the drugs sold through prescriptions held a significant market share in 2017.

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During the forecast period, the dermatology drugs market is forecasted to witness the fastest growth in APAC, with 9.6% CAGR. This growth can be attributed to the increasing disposable income of people in the region, which is leading to the high adoption of skincare products, including dermatological drugs. Moreover, the increase in the number of skin cancer cases in the region is contributing to the high demand for these drugs.

Furthermore, several market players, as part of their business strategy, are exploring the untapped market in developing economies such as China and India, which, in turn, is supporting the growth of the APAC dermatology drugs market. For instance, in October 2017, Glenmark Pharmaceuticals Ltd., an Indian pharmaceutical manufacturer, received approval from the Drug Controller General of India to launch Otezla, a new class of oral medication for psoriasis, after conducting clinical trials on psoriasis patients for 16 weeks. The approval and launch of new medications in developing countries are expected to boost the demand for dermatological drugs in APAC during the forecast period.

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Some of the other key players in the dermatology drugs market are Celgene Corporation, Bausch Health Companies Inc., Pfizer Inc., Bristol-Myers Squibb Company, Johnson & Johnson, Allergan plc, Merck & Co. Inc., Amgen Inc., AbbVie Inc., Eli Lilly and Company, Nestlé Skin Health S.A., GlaxoSmithKline plc, Mylan N.V., and LEO Pharma A/S.

GLOBAL DERMATOLOGY DRUGS MARKET SEGMENTATION
By Treatment
• Topical Corticosteroids
• Retinoids
• Biologics
• Calcineurin Inhibitors
• Antihistamines
• Hormonal Therapy
• Others

Market Segmentation by Drug
• Humira
• Remicade
• Otezla
• Stelara
• Enbrel
• Cosentyx
• Neoral
• Taltz
• Cubicin
• Canesten
• Zyvox
• Dupixent
• Protopic
• Valtrex
• Eucrisa
• Others

Market Segmentation by Prescription Mode
• Prescription-Based Drugs
• Over-the-Counter (OTC) Drugs

Market Segmentation by Therapy Area
• Psoriasis
o By prescription mode
• Atopic Dermatitis
o By prescription mode
• Acne
o By prescription mode
• Rosacea
o By prescription mode
• Acne Scars
o By prescription mode
• Skin Cancer
o By prescription mode
• Others

Market Segmentation by Distribution Channel
• Direct
• Wholesale/Retail
• Online

Market Segmentation by End User
• Hospitals
• Clinics
• Cosmetic Centers
• At-Home
• Others

Market Segmentation by Geography
• North America Dermatology Drugs Market
o By treatment
o By prescription mode
o By therapy area
o By distribution channel
o By end user
o By country – U.S. and Canada
• Europe Dermatology Drugs Market
o By treatment
o By prescription mode
o By therapy area
o By distribution channel
o By end user
o By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Dermatology Drugs Market
o By treatment
o By prescription mode
o By therapy area
o By distribution channel
o By end user
o By country – Japan, China, India, and Rest of APAC
• Latin America (LATAM) Dermatology Drugs Market
o By treatment
o By prescription mode
o By therapy area
o By distribution channel
o By end user
o By country – Brazil and Rest of LATAM
• Middle East and Africa (MEA) Dermatology Drugs Market
o By treatment
o By prescription mode
o By therapy area
o By distribution channel
o By end user

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This release was published on openPR.