US Dermatology OTC Medications Market Is Expected to Hit US$ 1,124.56 Billion By 2028 | Perrigo Company Plc, Bayer AG, Viatris Inc.

The US Dermatology OTC Medications Market is projected to reach US$ 1,124.56 million by 2028 from US$ 952.97 million in 2020. The market is anticipated to grow with a CAGR of 2.1% from 2021 to 2028.

Dermatology is a field of medicine that is engaged in the diagnosis, prevention, and treatment of various skin related diseases, such as pigmentation, acne, wrinkles, and psoriasis. OTC drugs are medications that are safe and effective for use by the public without seeking treatment by a health professional. The US dermatology OTC medications market growth is mainly attributed to rising prevalence of skin abnormalities and increasing availability of dermatology medication over the counter (OTC). Moreover, growing OTC market is further expected to foster the market growth during the forecast period. However, the side effects associated with OTC dermatology medication such as skin allergy, limit the growth of the market.

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Factors driving the market growth are rising prevalence of skin abnormalities and increasing availability of dermatology medication over the counter (OTC). However, side effects associated with OTC dermatology medication such as skin allergy are likely to have a negative impact on the market growth.

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Major Key players covered in this report:

• Bausch Health Companies Inc
• Perrigo Company Plc
• Bayer AG
• Viatris Inc.
• Johnson and Johnson Services, Inc.
• LEO Pharma A/S
• GlaxoSmithKline Plc.
• Galderma
• Dr. Reddy's Laboratories
• Acella Pharmaceuticals, LLC

US DERMATOLOGY OTC MEDICATIONS MARKET SEGMENTATION

US Dermatology OTC Medications Market, by Product Type

• Tablets and Capsules
• Oils
• Gels
• Creams and Ointments
• Others

US Dermatology OTC Medications Market, by Indication

• Dermatitis
• Acne
• Psoriasis
• Skin Bleaching
• Anti-Fungal
• Wart Remover
• Others

US Dermatology OTC Medications Market By Distribution Channel

• Online Distribution
• Hospital and Retail Pharmacies
• Super and Hyper Markets

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COVID-19 has affected a large population in the US leading to an unprecedented surge in demand for popular OTC drugs. Consumers appear to be trying to address illness symptoms on their own, to avoid doctor’s office. Physical distancing and stay-at-home orders have forced consumer to shop differently. Also, continuous use of mask and constant handwashing has led to skin irritation, and maskne. Constant handwashing has led to increase in conditions like skin dryness and eczema, this has led to increase in demand for dermatology OTC products.

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