Australia Dermatology Treatment Drugs Market Size, Competitive Landscape, Regional Outlook and Driving Factors Analysis 2028

The Australia 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 Australia Dermatology Treatment Drugs market. This report explores all the key factors affecting the growth of the global Australia 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 Australia 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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Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Australia 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

Australia Dermatology Treatment Drugs Market Analysis Executive Summary

Australia is one of the important and emerging markets for organic and natural personal care products. According to Australian research, more than 4% of the population are affected by acne vulgaris in long term. The growing inclination towards skin health and care among millennials can have an excellent impact on the market growth in the forthcoming years. The increasing R&D investments by major companies owing to heavy demand for therapeutically effectual and cost-effective drugs will encourage the healthy growth of the market in the foreseeable future.

Market Size and Key Findings

The Australia 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

Skincares growth is attributable to the unique position it occupies amongst a variety of trends. The growing desire for health-promoting and self-care products, increasing interest in the power of regimens and routines, the ability of social media to more rapidly empower and inform consumers, and, uniquely, the ability of new technology to simplify the unusually complex choices consumers have when they interact with skincare brands. From artificial intelligence to 3D printing, augmented reality and DNA analysis, the beauty industry is becoming increasingly technology-driven. Personalization is a crucial area of development for beauty brands, tapping into consumer desire for products that can be customized to suit individual needs.

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

As the phase III COVID-19 vaccine trials excluded patients on immunosuppressive treatments, or patients with significant autoimmunity, the Australasian Medical Dermatology Group make the following preliminary recommendations around COVID-19 vaccination in dermatology patients on immunomodulatory and/or biologic agents.

Vaccination against COVID-19 is strongly encouraged for all patients on immunomodulatory drugs and/or biologic agents.
There are currently insufficient data to recommend one COVID-19 vaccine or vaccine type (mRNA, recombinant, inactivated virus) over another.
No specific additional risk in patients on immunomodulatory or biologic therapies has so far been identified.
Data on vaccine efficacy in patients on immunomodulatory or biologic therapies are missing, so standard vaccination protocols are recommended until otherwise advised.

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

This interim advice is for clinicians treating patients with severe inflammatory skin disorders managed on conventional and newer immunomodulators. This includes systemic corticosteroids, azathioprine, ciclosporin, methotrexate and mycophenolate mofetil/mycophenolic acid, as well as the newer biologics for eczema and psoriasis including anti-TNF (e.g. adalimumab, certolizumab, etanercept, infliximab), anti-IL4/13 (dupilumab), anti-IL12/23 (ustekinumab), anti-IL17/23 (guselkumab, ixekizumab, risankizumab, secukinumab, tildrakizumab), and small molecules such as PDE inhibitors (apremilast) and JAK inhibitors (abrocitinib, baricitinib, tofacitinib, upatacitinib).

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 COVID-19 pandemic has led to most dermatologists in Australia gaining first-hand experience in teledermatology. Moving forward, hybrid teledermatology seems to be the preferred delivery method, using practical telehealth guidelines created for the Australian context. The results presented here include responses from a significant number of dermatologists who had not used telehealth before. They indicate that teledermatology may be most suited for ongoing care of patients on biologic therapy and with certain inflammatory conditions. For skin checks, specific set ups may be required.

The Australasian College of Dermatologists (ACD) is the peak medical college accredited by the Australian Medical Council for the training and professional development of medical practitioners in the specialty of dermatology. ACD is the leading authority in Australia for dermatology, providing information, advocacy and advice to patients, communities, government and other health stakeholders on skin health and dermatological practice. Medical practitioners who have successfully completed the training program of the ACD are known as Fellows of the College (FACD). Fellows of the College are recognised by the Medical Board of Australia as specialists in dermatology. Dermatologists maintain their professional standards and develop new skills through participation in the Colleges continuing professional development (CPD) program.

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Australia 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-Pacific 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-Pacific dermatology drugs market, because maximum branded drugs sold via prescription based drugs mode over others in Asia-Pacific.

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-Pacific dermatology drugs market, due to large patient pool for skin related disease in Asia-Pacific 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-Pacific 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-Pacific 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-Pacific 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 Australia 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 Australia Dermatology Treatment Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Dermatology Treatment Drugs market
Chapter 2: Exclusive Summary - the basic information of the Australia Dermatology Treatment Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Dermatology Treatment Drugs
Chapter 4: Presenting the Australia 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 Australia 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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