Prescription Dermatology Therapeutics Market - Key Growth Factors and Industry Analysis 2017-2025
Prescription Dermatology Therapeutics Market: Drivers and Restraints
An increase in pollution, stress, and lack of nutrition, skin disorders are growing at a rapid pace. People are obsessed with their aesthetic appearance due to an overbearing influence of celebrity culture and rising expenditure on personal care is driving demand for aesthetic procedures and therapies. The urban people are getting more exposed towards dermatologists and have their treatments done with them to assure safety and efficacy and get their desired results. A long-term impact in the field of research and development is making newer innovations in the field to dermatology. This, in turn, is leading the companies to shift their focus more on the dermatological segment which leads them towards good business opportunities in prescription dermatology therapeutics market. However stringent regulations for approval of dermatology drugs is restraining the growth of this market.
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Prescription Dermatology Therapeutics Market: Segmentation
By product type, the prescription dermatology therapeutics market can be segmented into,
Prescription Acne and Rosacea Drugs
Prescription Fungal Infection Drugs
Prescription Psoriasis Drugs
Prescription Hyperpigmentation/ Melisma Drugs
Prescription Skin Cancer Drugs
Prescription Hair Loss and Hair Removal Drugs
Prescription Antiaging and Photo Damage Drugs
Prescription Dermatitis and Seborrhea Drugs
Other Prescription Skin Disorder Drugs
By distribution channel, the prescription dermatology therapeutics market can be segmented into,
Mail Order Pharmacy
High frequency of skin disorders and skin cancers across the globe is expected to increase the number of patients who will require diagnosis and treatment for several skin conditions, in turn, boosting the demand for prescription dermatology therapeutics market.
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Prescription Dermatology Therapeutics Market: Overview
Growing awareness about skin quality, coupled with the rising spending power of people worldwide, are some of the factors driving demand in the global prescription dermatology therapeutics market. Also, aggressive marketing strategies from existing players along with massive investment in research and development to create new drugs have led to significant increase in sales of prescription dermatology therapeutic drugs. Besides, the omnipresent polluted environment, busy lifestyle, global warming are affecting the quality of skin, has also been bolstering swift uptake of therapies that help to protect the skin and thwart damages.
Prescription Dermatology Therapeutics Market: Region-wise Outlook
Regionally, the market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America and Europe dominate the global prescription dermatology therapeutics market with maximum share. However, Asia-Pacific region will gain market share due to robust demand from developing countries with fast-growing economies such as China, Japan, and India. The increasing awareness about organic products and the rising fortunes of the middle-class populace has facilitated a massive upsurge in the prescription dermatology therapeutics in this region.
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