Pakistan Dermatology Treatment Drugs Market 2023 | Estimate CAGR Analysis, Technological Development Overview, Growth Trends and Competitive Research till 2028

The Pakistan Dermatology Treatment Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Pakistan Dermatology Treatment Drugs market. This report explores all the key factors affecting the growth of the global Pakistan Dermatology Treatment Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the Pakistan Dermatology Treatment Drugs Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

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Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Pakistan Dermatology Treatment Drugs Market Analysis
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Pakistan Dermatology Treatment Drugs Market Analysis Executive Summary

Dermatology is a medical field that deals with the diagnosis, prevention, and treatment of various skin, nail, and hair-related diseases such as pigmentation, acne, wrinkles, and psoriasis. Dermatological agents, also referred to as dermatologic, are products that are applied topically to the skin. Such drugs are used for the diagnosis of skin diseases and are often used to avoid certain skin disorders. In fact, dermatological are used to protect one's skin for daily skin care. Dermatology drugs are classified into corticosteroids, antifungal drugs, immunosuppressive drugs, monoclonal antibodies, retinoids, antibiotics agent, antiviral agents, and antihistamines agents among others. Dermatology drugs can be administered orally, topically and parenteral. Dermatology drugs can cause various side-effects including neuropsychiatric disorders, facial nerve palsy, headache, dizziness, lethargy, weakness, transient sensory, motor peripheral neuropathies, demyelinating, and autoimmune disorders among others.

Market Size and Key Findings

The Pakistan Dermatology Treatment Drugs Market Analysis size stood at around USD xx% billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

Dermatology drug demand has increased as compared to the precise year with growing awareness for diagnostics and treatment of skin diseases. In addition demand of dermatology drug has increased in the developing countries with the increased spending on healthcare.

Market Restraints

Product recall of products having these drugs is expected to restraint the usage of dermatology drugs and is expected to slow down the growth of the dermatology drugs market in the forecasted period.

Covid-19 Market Impact Analysis

The COVID-19 pandemic has had a significant impact on the healthcare system. It has reduced the growth rate of the market due to the rapid shift in focus toward COVID-19 treatment. As a result, the majority of the hospitals have delayed vaccinations pertaining to dermatology, chemotherapy sessions, and other non-essential services.

Competitive Landscape

Key Players

The major players covered in the report are Novartis AG, Pfizer Inc., Eli Lilly and Company., Johnson & Johnson Services, Inc., Almirall, S.A, Mylan N.V., Sun Pharmaceutical Industries Ltd., UCB S.A., Belgium, Glenmark Pharmaceuticals Limited, Tolmar Pharmaceuticals, Inc., GlaxoSmithKline plc., Galderma Laboratories, L.P., Teva Pharmaceutical Industries Ltd., LEO Pharma A/S, MELINTA THERAPEUTICS, INC. - THE ANTIBIOTICS COMPANY, Mayne Pharma Group Limited, BIOFRONTERA AG, AbbVie Inc. among others.

Products in Pipeline

The first market access agreement has been signed for the products used in the treatment of Hepatitis C. The products have received reimbursement approval since June 18, 2016.
The Punjab government has approved a Drug and Cosmetics Amendment Act by which all cosmetic-sale points will need to be licensed for the provision of genuine products through the original supply chain.

Notable Recent Deals

In February 2019, Mayne Pharma Group Limited announced that they have launched the drug LEXETTE (halobetasol propionate) foam 0.05% in the United States.
In January 2020, Eli Lilly and Company announced that they have acquired Dermira, which is a biopharmaceutical company engaged in the introduction of novel therapies to treat the chronic skin conditions in a much better way. After this acquisition, the company will expand the pipeline of Lilly's immunology with the addition of lebrikizumab which is a new monoclonal antibody designed to treat atopic dermatitis. This acquisition also expands the company portfolio of marketed dermatology medicines with the addition of QBREXZA (glycopyrronium).

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Pakistan Association of Dermatologists (PAD) was founded in January, 1979. The idea for a body to represent Dermatologists of the Country was conceived for the simple reason that none existed. The vision conceived by Dr. Nusrat Ali Shaikh, Dr. Syed Ghulam Shabbir, Dr. Tahir Saeed Haroon, Dr. Aleem Saeed Qureshi and Dr. Zarina Fazalbhoy, 25 years ago is now an established reality. The Constitution was drafted by Dr. Tahir Saeed Haroon and Dr. Aleem Saeed Qureshi. Objectives of this Forum were to provide a platform to the Dermatologists of the Country to meet their colleagues and contemporaries from allied disciplines, to hold regular meetings to promote the cause of Dermatology, encourage research and presentation of scientific papers allied to Dermatology, to improve patient care, to promote teaching of Dermatology at both Undergraduates & Postgraduates level and to formulate policies on matters related to Dermatology in Pakistan in association with the Government authorities. Karachi was chosen as the Headquarter of the Association.

Pakistan is one of several countries that needs to modernize its drugs and cosmetic products in this climate of global change. Presently, there do not seem to be effective checks and balances in place, and specific regulations on standards for chemicals (like mercury) in consumer products, including cosmetics and skin-whitening creams, are much needed. Many official government-institute reports and scientific papers have appealed to the government of Pakistan to take the necessary steps toward regulation of cosmetic products in the country. As a signatory to the Minamata Convention on Mercury and with a growing network of unauthorized, illegally marketed cosmetic products, the government of Pakistan is working hard to achieve objectives to streamline authorization of a pure-cosmetic supply chain in the market. Pakistan is trying to strengthen relevant institutes like the Pakistan National Accreditation Council, Pakistan Standards and Quality Control Authority (PSQCA), Drug Regulatory Authority of Pakistan to implement a quality-management system for regulation of the manufacture, import, sale, and distribution of all cosmetic products. The Ministry of Science and Technology has issued a law to regulate skin creams all over Pakistan through the PSQCA, whereby a special task force will check manufacturing units, markets, and stores to highlight substandard cosmetics and take strict legal action. Authorities have started the cancellation of licenses and sealing manufacturing unit whose products do not meet the standards of the PSQCA.

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Pakistan Dermatology Treatment Drugs Market Analysis Segmentation

By Drug Class:

On the basis of drug class, the market is segmented into corticosteroids, retinoids, monoclonal antibodies, antibiotics agents, antiviral agents, antifungal drugs, antihistamines agents, immunosuppressive drugs and others. In 2020, corticosteroids segment is expected to dominate the market due to the first line treatment for various skin diseases. High volume of corticosteroids sold in the Asia region.

By Drug Type:

On the basis of drug type, the market is segmented into branded and generics. In 2020, branded segment is expected to dominate the market due to the account of high penetration as a prescription drug in dermatological therapeutics segment.

By Prescription Mode:

On the basis of prescription mode, the market is segmented into prescription based drugs and over-the-counter drugs. In 2020, prescription based drugs segment dominates the Asia dermatology drugs market, because maximum branded drugs sold via prescription based drugs mode over others in Asia.

By Indication:

On the basis of indication, the market is segmented into infectious skin disease, inflammatory/autoimmune disorders, pigmentation disorders, skin cancer and others. In 2020, infectious skin disease segment dominates the Asia dermatology drugs market, due to large patient pool for skin related disease in Asia region which creates high demand for dermatology drugs.

By Route of Administration:

On the basis of route of administration, the market is segmented into oral, topical and parenteral. In 2020, topical segment dominates the Asia dermatology drugs market; due to majority of dermatology drugs are available in cream, gels, ointment and others.

By End-User:

On the basis of end user, the market is segmented into homecare, hospitals, dermatology clinics and others. Homecare segment dominate the Asia dermatology drugs market due to high volume demand from this end use. Majority of acne and psoriasis drugs were sold in the market by this end use.

By Distribution Channel:

On the basis of distribution channel, the market is segmented into retail pharmacy, hospitals pharmacy, online pharmacy and others. In 2020, retail pharmacy segment dominates the Asia dermatology drugs market, due to well established retail distribution channel and cost effectiveness of this distribution channel.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Pakistan Dermatology Treatment Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Pakistan Dermatology Treatment Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Pakistan Dermatology Treatment Drugs market
Chapter 2: Exclusive Summary - the basic information of the Pakistan Dermatology Treatment Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Pakistan Dermatology Treatment Drugs
Chapter 4: Presenting the Pakistan Dermatology Treatment Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Pakistan Dermatology Treatment Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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