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

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

US Dermatology Treatment Drugs Market Analysis Executive Summary

In U.S. there is increasing the prevalence of skin related diseases due to which there is high demand of dermatology drugs also there is high penetration of dermatology drugs in the market. In U.S. there is highest launching of novel drug in the market, this are several reason for growth of dermatology drugs in U.S. market.

Market Size and Key Findings

The US 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 8.2% during the forecast period.

U.S. dermatology drugs market is expected to gain market growth in the forecast period of 2020 to 2028.The market is growing at a CAGR of 8.2%.

Market Dynamics

Market Growth Drivers Analysis

Increasing prevalence of skin diseases and growing awareness for diagnostics and treatment of skin diseases is the major driver for the growth of the market. Dermatology drugs are raising awareness about the treatment of skin related diseases such as acne, alopecia, cutaneous mastocytosis, dermal necrosis and dermal ulcer which will accelerate the market growth. Extensive R&D activities in dermatology drugs will further create new opportunities that will impact dermatology drugs market growth in the forecast period.

Market Restraints

Serious side effects of certain classes of therapeutic drugs are expected to restrain the market growth in the near future. Moreover, Stringent Regulations for Dermatology Drugs and High Cost of Dermatology Drugs are assumed to be restraining the US Dermatology Drugs Market.

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 drug LEXETTE is used to treat plaque psoriasis in adult patients. The U.S. FDA approval for the drug for 3 years of marketing will generate more revenue in this segment and will expand the scope of dermatology market in future.

In October 2019, Galderma Laboratories, L.P. received the FDA approval for their product Aklief (trifarotene) Cream, which is used for the topical treatment of acne. After receiving approval form the FDA, the company commercialized their product in the market.

In January 2019, Biofrontera AG announced that they have received the U.S. Food and Drug Administration (FDA) approval for their upscaling batch production of Ameluz to 35 kg from 7 kg in past years. Biofrontera AG has also got approval from the European Medicines Agency (EMA). This fivefold increase in the production of Ameluz benefits Biofrontera AG to meet the growing demand for Ameluz in all the regions.

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 June 2020, Microbiome Connect Skin USA, a virtual summit, was conducted by Kisaco Research in order to recognize the value of skin-microbiome-based products as the next step in a consumers skincare regime.

In January 2020, Bayer and Azitra Inc. announced a joint development agreement to leverage Azitras proprietary panel of Staphylococcus epidermidis strains to identify potential candidates for the treatment of adverse skin conditions and diseases.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

According to the American Cancer Society, in 2021, it was reported that around 106,110 new melanoma cases are diagnosed in U.S. In addition, according to American Academy of Dermatology, in 2021, it reported that skin cancer is the most common cancer in the U.S.

Initiatives taken by government and private organizations to develop pharmaceutical industry propel the growth of the market. However, the presence of alternative for acne treatment such as light or lasers therapies, chemical peels, micro needling, micro dermabrasion, and lesion removal is expected to restrict the dermatologicals market growth during the forecast period.

According to a research study by Sheena Desai et al., published in the Journal of Investigative Dermatology March 2021, in the US, during the COVID-19 pandemic, around 32 clinical trials (56%) were suspended specifically because of the COVID-19 pandemic. Some of the most common skin diseases are acne, scabies, eczema, pyoderma, and warts. Acne is the most common skin condition in the US, affecting up to 50 million Americans annually. Furthermore, according to the National Eczema Association, in 2019, around 31.6 million people in the United States had some form of eczema. Thus, associated drugs are expected to be in high demand, owing to the increasing number of dermatological disease cases.
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US 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 agent, antiviral agents, antifungal drugs, antihistamines agents, immunosuppressive drugs and others. Corticosteroids segment dominate the U.S. dermatology drugs market due to the first line treatment for various skin diseases, high volume of corticosteroids were sold in the U.S.

By Drug Type:

On the basis of drug type, the market is segmented into branded and generics. Branded segment dominate the U.S. dermatology drugs market on 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. Prescription based drugs segment dominate the U.S. dermatology drugs market, because maximum branded drugs sold via prescription based drugs mode over others in the United States.

By Indication:

On the basis of indication, the market is segmented into infectious skin disease, inflammatory/autoimmune disorders, pigmentation disorders, skin cancer and others. Infectious skin disease segment dominate the U.S. dermatology drugs market due to large patient pool for skin related disease in the United States 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. Topical segment dominate the U.S. dermatology drugs market due to majority of dermatology drugs that 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 U.S. 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. Retail pharmacy segment dominate the U.S. dermatology drugs market due to well established retail distribution channel and cost effectiveness of this distribution channel.

Highlighted Segments of US Dermatology Treatment Drugs Market:

Industry Overview: The first section of the research study covers an overview of the global US 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 US 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 US 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 US 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 US 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 US 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 US Dermatology Treatment Drugs Market:

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