Malaysia Dermatology Treatment Drugs Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

The Malaysia 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 Malaysia Dermatology Treatment Drugs market. This report explores all the key factors affecting the growth of the global Malaysia 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 Malaysia 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 Malaysia 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

Malaysia Dermatology Treatment Drugs Market Analysis Executive Summary

The Departments of Dermatology in Malaysia had its humble beginnings in history with concern over infectious skin diseases; hence it started with Seamens clinic in Penang for Venereal diseases and the Leprosarium in Sungai Buloh. General practitioners, physicians and surgeons were managing the other skin diseases. Skin care involves the practice of maintaining skin integrity, relieving skin condition, and enhancing ones physical appearance with the use of herbal gels, sunscreens, and lotions. These products are easily accessible to end users in Malaysia through various sales channels such as supermarkets/hypermarket, online stores, pharmacies & drug stores, department stores specialty stores, and beauty salons. The overseas formulation of skin care products and domestic assembling & packaging is trending in Malaysia.

Market Size and Key Findings

The Malaysia 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

The rapid adoption of digital technologies and evolving shopping behaviors are anticipated to transform e-commerce into an essential element in purchasing skin care products. Change in the shopping behavior of the millennial generation and surge in adoption of mobile devices along with a rise in the number of netizens are expected to boost the growth of the Malaysia skin care products market. Market growth is further driven by an increase in penetration of various online portals in Malaysia.

Market Restraints

Stringent Regulations for Dermatology Drugs and High Cost of Dermatology Drugs are assumed to be restraining the Dermatology Drugs Market.

Covid-19 Market Impact Analysis

Amidst the lockdown implemented due to the outbreak of COVID-19, growth of skin care products market in Malaysia is likely to dissuade owing to labefaction of tourism across the country. Skin care products manufacturing companies have affected to a larger extent due to disrupted supply chain amid the Covid-19 outbreak. In addition, shutdown of beauty salons amid lockdown has reduced the demand for skin care products across Malaysia. Consumers prefer to buy skin care products from the online sales platform instead of buying from specialty stores to avoid transmission of the coronavirus. This shift in purchasing behavior has affected the market.

Competitive Landscape

Key Players

Players operating in the global dermatology drugs market include Lupin, Novartis AG, F. Hoffmann-La Roche Ltd, Pfizer Inc., Sanofi, GlaxoSmithKline plc, Amgen Inc., Eli Lilly and Company, AstraZeneca, AbbVie Inc, Johnson & Johnson Services. Inc, Galderma laboratories L.P., LEO Pharma A/S, Merck & Co., Inc, Bausch Health, and Bristol-Myers Squibb Company.

Products in Pipeline

The acquisition of Eli Lilly and company & Dermira 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).

Notable Recent Deals

In November 2018, Sanofi collaborated with Denali Therapeutics Inc. (Denali), a biopharmaceutical company, for the development of multiple molecules, DNL747 and DNL758, with the potential to treat a range of neurological and systemic inflammatory diseases.
In April 2019, LEO Pharma announced the expansion of its existing partnership with Elektrofi for the development of convenient system for dermatology treatments. This is expected to reduce the time required for the treatment.
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.
Nivea, owned by Beiersdorf Ag is the most popular brand in the Thai skincare sector in 2019. Hypermarkets and supermarkets emerged the largest distribution channel in 2019 with a value share of 36.6% in the Thai skincare sector followed by health & beauty stores.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Dermatology is one of the major clinical subspecialty services provided by the Ministry of Health (MOH). This service covers all skin diseases including leprosy and sexually transmitted infections. It provides comprehensive care which includes diagnostic, curative and preventive dermatology. Research and training are an integral part of this service.

Skin diseases are common with considerable impact on both physical and psychosocial with varying degree of consequences. This warrants provision of efficient, safe, accessible and cost effective treatment. As the biggest health care provider in the country, the MOH plays a leading role in the development and provision of dermatology services in the country. The policy document covers key areas of dermatology services such as organization, human resource and asset requirements as well as patient management, ethics and clinical governance. It is intended to guide health care providers, hospital managers and policy makers on the requirement, operation and development of dermatological services in the MOH hospitals. The document outlines the optimal achievable standards in accordance with best practices and guidelines. In hospitals and health centres where these standards are not fully met, necessary steps need to be taken to meet these standards.

To improve care of patients living with psoriasis, the Malaysia Health and Technology Assessment Section of the Ministry of Health recently published a clinical practice guidelines (CPG) for the Management of Psoriasis Vulgaris in adults.

Dermatology also contributes actively to the functions of the Medical Development and Medical Practice Divisions of the Ministry including the training of medical students, medical officers, masters students, Advanced Master of Dermatology, paramedics and allied health. There is active involvement in the development of Clinical Practice Guidelines, development and maintenance of quality standards, review of guidelines on diagnosis of Occupational Diseases, review of medical criteria for KWSP, sharing of information on skin diseases to the public through Myhealth Portal, review of national Leprosy manual, antibiotic guidelines and STIs guidelines that will enhance the efficiency of Ministry of Health.

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Malaysia 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 Malaysia 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 Malaysia Dermatology Treatment Drugs Market:

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