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Europe Dermatology OTC Medications Market 2022: Future Growth, COVID-19 Impact, Manufacturers, Demands and Revenue Report scrutinized in the new analysis

09-06-2022 11:06 AM CET | Health & Medicine

Press release from: Business Market Insights

The Europe dermatology OTC medications market is expected to grow from US$ 4,068.29 million in 2021 to US$ 5,321.86 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

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According to The Business Market Insights "Europe Dermatology OTC Medications Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Europe Dermatology OTC Medications Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Europe Dermatology OTC Medications Market is based on company profiles and their efforts on increasing product value and production.

As per European Union, the middle-class population is expected to reach 5.3 billion by 2030, and the population of middle-class people is likely to be at the forefront. With significant changes in consumer behavior and consumption patterns, the middle-class expansion will likely drive regional economic development. With the increase in disposable incomes and better after-care treatment, the general attitude toward skin-related conditions is leading to the mounting adoption of dermatology OTC medications to treat skin conditions. Thus, a surge in the adoption rate of OTC medications, with the increase in disposable income of populations, support the growth of the dermatology OTC medications market.

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Some of the companies competing in the Europe Dermatology OTC Medications Market are

Bausch Health Companies Inc.
Bayer AG
Reddy's Laboratories
Galderma
GlaxoSmithKline plc.
Johnson and Johnson Services, Inc.
LEO Pharma A/S
Perrigo Company plc
Viatris Inc.

The Europe dermatology OTC medications market is segmented into product type, route of administration, indication, distribution channel, and country. Based on product type, the market is segmented into tablets and capsules, gels, creams and ointments, and others. The creams and ointments segment dominated the market in 2020; however, the tablets and capsules segment is expected to be the fastest growing segment during the forecast period. Based on route of administration, the market is segmented into topical and oral. The topical segment dominated the market in 2020; however the oral segment is expected to be a faster growing segment during the forecast period.

Based on indication, the market is segmented into dermatitis, acne, psoriasis, skin bleaching, fungal disease, warts, and others. The acne segment dominated the market in 2020, and is expected to be the fastest growing segment during the forecast period. The dermatitis segment is further classified into atopic dermatitis, contact dermatitis, and others. The acne segment is also segmented into non-inflammatory acne and inflammatory acne. The psoriasis segment is segmented into plaque psoriasis, guttate psoriasis, and others. The fungal disease is further segmented into athlete's foot, ringworm, fungal nail infections, and others.

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Moreover, the warts segment is further segmented into common warts, flat warts, and others. Based on distribution channel, the market is segmented into online distribution and offline distribution. The offline distribution segment dominated the market in 2020; however online distribution segment is expected to be a faster growing segment during the forecast period. The offline distribution is further segmented into retail and hospital pharmacies and super and hypermarkets. Based on country, the market is segmented into the UK, Germany, France, Italy, Spain, and the rest of Europe.

Reasons for buy this Report

Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe Dermatology OTC Medications market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: sales@businessmarketinsights.com
Phone: +16467917070

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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