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Isotretinoin Drugs Market Trends, Growth Drivers, Share, Statistics And Overview By 2033
Isotretinoin Drugs Market Trends
As per the report, the isotretinoin drugs market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The isotretinoin drugs market size is expected to see strong growth in the next few years. It will grow to $1.60 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Rising Skin Cancer Cases Drive Growth In Isotretinoin Drugs Market
Rising cases of skin cancer are expected to propel the growth of the isotretinoin drugs market going forward. Skin cancer is the uncontrolled growth of abnormal skin cells, typically caused by prolonged exposure to ultraviolet (UV) radiation from the sun or tanning beds. Rising cases of skin cancer are primarily due to increased exposure to ultraviolet (UV) radiation from the sun and tanning beds, along with factors like ozone layer depletion and lifestyle changes leading to more outdoor activities without adequate sun protection. Isotretinoin drugs are used for preventing and treating certain types of skin cancer due to their ability to reduce the proliferation of abnormal skin cells. For instance, in January 2024, according to the American Cancer Society, a US-based non-profit organization dedicated to eliminating cancer, there will be 108,270 reported cases of skin cancer, reflecting a 3.2% increase from the 104,930 cases reported in 2023. Therefore, rising cases of skin cancer will drive the growth of the isotretinoin drugs market.
Advancements In Isotretinoin Formulations Drive Market Growth
Major companies operating in the isotretinoin drugs market are focusing on advancements in formulations, such as generic capsules, to enhance treatment options and increase accessibility for patients. Generic capsules are non-branded versions that offer the same effectiveness as brand-name isotretinoin at a lower cost. For instance, in April 2021, Teva Pharmaceutical Industries Ltd., an Israel-based pharmaceutical company, launched the first generic version of Absorica (isotretinoin) capsules. This product is intended for the treatment of severe recalcitrant nodular acne in non-pregnant patients aged 12 and older who have multiple inflammatory nodules with diameters of 5 mm or greater and are unresponsive to conventional acne treatments, including antibiotics.
The isotretinoin drugs market covered in this report is segmented -
1) By Form: Capsules, Injection
2) By Indication Type: Severe Acne, Neuroblastoma, Cutaneous T-Cell Lymphoma, Harlequin Ichthyosis, Xeroderma Pigmentosum, Fibrodysplasia Ossificans Progressiva, Squamous Cell Skin Cancers, Other Indication Types
3) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
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Major companies operating in the isotretinoin drugs market are F. Hoffmann-La Roche Ltd., Abbott Laboratories, Viatris Inc., Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Hetero Drugs Ltd., Sun Pharmaceuticals Industries Limited, Intas Pharmaceuticals Ltd., Aurobindo Pharma, Dr. Reddy's Laboratories Ltd., Cipla Limited, Amneal Pharmaceuticals LLC, Lupin Pharmaceuticals Inc, Zydus Lifesciences Limited, Glenmark Pharmaceuticals, Alkem Laboratories, Torrent Pharmaceuticals Ltd, Almirall LLC, Alembic Pharmaceuticals Ltd, Ajanta Pharma Ltd, Strides Pharma Science Limited, Wockhardt Ltd., Douglas Pharmaceuticals Limited, Chongqing Huapont Pharm Co. Ltd., Cipher Pharmaceuticals Inc., Vidhyasha Pharmaceuticals
Contents of the report:
1. Executive Summary
2. Isotretinoin Drugs Market Report Structure
3. Isotretinoin Drugs Market Trends And Strategies
4. Isotretinoin Drugs Market - Macro Economic Scenario
5. Isotretinoin Drugs Market Size And Growth
…..
27. Isotretinoin Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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