The Dermatology Drugs Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Dermatology Drugs Market: Drivers and Challenges
Expansion of the number of indications treated by topical drugs is likely to drive growth of the dermatology drugs market. Historically acne and rosacea have been the major indications treated with topicals, however ongoing R&D efforts focused on new indications such as hair growth, discoloration, and onychomycosis promise to increase the range of uses for topical products and, as a result, expand the addressable market of the topical dermatology drugs. In addition to new indications, growth is expected to be driven by an increase in the worldwide volume acne and rosacea of patients.
The American Academy of Dermatology estimates that acne is the most common skin condition, affecting 40 – 50 million U.S. patients annually. Acne tends to be concentrated in younger demographics, with ~85% of individuals between ages of 12 and 24 suffering from some form of acne. This adolescent to young adult age group is growing worldwide and tends to be concerned with their physical appearance. As such, they are also likely to pursue medical treatment for acne that they perceive as unappealing to others. According to the National Rosacea Society, the rosacea patient population is growing with ~16 million afflicted individuals in the United States alone. The increasing incidence of acne and of rosacea will be a topical segment growth driver over the forecast period.
Dermatology Drugs Market: Key Players
Key players operating in the global dermatology drugs market are Galderma, Allergan, Inc., Valeant Pharmaceuticals International, Inc., Bristol-Myers Squibb Company, LEO Pharma, Novartis AG, Merck & Co., Inc and others.
A Sample of this Report is Available Upon Request @http://www.persistencemarketresearch.com/samples/13243
Dermatology Drugs Market:Regional Overview
Geographically the dermatology drugs market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst these regions North America holds the largest share of dermatology drugs market due to increasing prevalence of skin diseases and increasing awareness about potential applications of dermatology drugs. Followed by Europe due to technological advancements and increasing ageing population. Asia pacific region holds the third position in terms of value share of dermatology drugs market due to raising skin disease prevalence, increasing awareness about skin diseases and their management, and increasing healthcare spending can boost the market in the region.
Browse Full Report summary and to request sample report and table of content@