Vietnam Dermatology Treatment Drugs Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The Vietnam 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 Vietnam Dermatology Treatment Drugs market. This report explores all the key factors affecting the growth of the global Vietnam 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 Vietnam 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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Facilitate decision-making based on strong current and forecast data for Vietnam Dermatology Treatment Drugs Market Analysis

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Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Vietnam 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

Vietnam Dermatology Treatment Drugs Market Analysis Executive Summary

The Departments of Dermatology in Vietnam had its humble beginnings. The Vietnam skin care products market is expected to witness significant growth due to rise in disposal income and rise in young generation population in the country. Moreover, increase in trend of moderate trade and rise in demand for premium products & brands are expected to offer remunerative opportunities for expansion of Vietnam skin care products market.

Market Size and Key Findings

The Vietnam 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

With rapid increase in the middle-class population in Southeast Asia, Vietnam has been experiencing notable growth in its retail sector. This Vietnam skin care products market trend is anticipated to continue in near the future, owing to presence of relatively young population demographics. Low income consumers are witnessing increase in their spending power, which is anticipated to impact their purchasing preferences with regard to cosmetics products. Such consumers were increasingly drawn to more modern products, often offering added value features. Moreover, the expansion of digital retail channels in Vietnam is one of the key trends expected to contribute toward the growth of the market.

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 Vietnam 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 Vietnam. 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 new Medlac facility produces Betalactam products and non-Betalactam products in jar, pipe and tablet form. It conducts activities such as research, and measurement and control of the quality of products produced at the factory. It also provides quality control services to individuals and organisational clients, both internal and external.

Notable Recent Deals

The World Health Academy of Dermatology, the Vitiligo Research Foundation, the University of Parma-Italy and the University of Rome Guglielmo Marconi, Rome-Italy have successfully joined Vietnamese Dermatology Community in the ambitious project of positioning Vietnam in the Dermatologic Olympus.

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.

Medlac is an Italy-based pharmaceutical company specialising in dermatological products. The company officially inaugurated a new 10,000m manufacturing plant in Vietnam in April 2011. The facility will manufacture and supply dermatological and transdermic products to the domestic and international markets.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Vietnamese Dermatology is deeply concerned with any possible marketing orientated lucrative therapies, thus emphasising the risk/benefits ratio of "old-traditional" versus "new" therapeutic strategies. This special issue show the efficacy and safety of our Vietnamese approach continuously embracing the concept that "old and traditional is beautiful when safe, effective and cheap". The aim of our special issue is to present some pearls of the Vietnamese Dermatology devoted to the description of the national and hopefully international declining of traditional therapies.

1st ASD Comprehensive Dermatopathology Review Course:

This is a 5-day dermatopathology workshop for beginners, residents, or faculties who are interesting but not familiar with skin pathology. Either dermatologist or pathologist is welcome to attend. It's a comprehensive course covering inflammatory, infection, and tumors. The participants will go through twenty 90-minute sessions in the course. Every session has didactic lecture the students need to interpret virtual slides by themselves. This online registration is opened for international participants only. For Vietnamese doctors, please contact National Hospital of Dermatology and Venereology in Hanoi for registration.
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Vietnam 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.

Highlighted Segments of Vietnam Dermatology Treatment Drugs Market:

Industry Overview: The first section of the research study covers an overview of the global Vietnam Dermatology Treatment Drugs Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Vietnam Dermatology Treatment Drugs Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global Vietnam Dermatology Treatment Drugs Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global Vietnam Dermatology Treatment Drugs Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Vietnam Dermatology Treatment Drugs Market.

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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 Vietnam 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 Vietnam Dermatology Treatment Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vietnam Dermatology Treatment Drugs market
Chapter 2: Exclusive Summary - the basic information of the Vietnam Dermatology Treatment Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vietnam Dermatology Treatment Drugs
Chapter 4: Presenting the Vietnam 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 Vietnam 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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-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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