Published Date: 2019-06-20 | Pages: Ongoing | Tables: Ongoing | Report ID: 7245
Industry: Life Science
The global prescription dermatology therapeutics market will grow at a remarkable rate due to the increasing prevalence of chronic diseases such as psoriasis and other dermatological disorders. Introduction of new and innovative products across the globe to treat skin-related disorders is also expected to drive the market. This newly added report provides an unbiased and an in-depth analysis of the report to the clients. The report also offers a company market share analysis to give a wide overview of the prescription dermatology therapeutics market.
Global Prescription Dermatology Therapeutics Market: Drivers and Restraints
Skin is vulnerable to a broad variety of skin toxins and microbes. It is the most and the largest exposed organ of the body. Continuous exposure to toxins results in several kinds of skin diseases such as psoriasis, redness, and acne. Acne treatment is on the most important prescriptions used for improving skin conditions. For instance, psoriasis, a chronic skin disease, is caused by an overactive immune system. Light therapy, oral medications, and steroid creams are mostly used to treat psoriasis diseases.
The market is mainly driven by intensive research to provide therapies for dermatological disorders. Factors such as huge investments in the research and development activities by the pharmaceutical companies, rising urban population affected with the dermatological disorders, efforts taken by key players to provide effective treatments, and the strategic alliances by the companies to enhance the product development are likely to propel the growth of the market in the coming years.
However, the high cost of treatment and stringent government regulations for the approval of the dermatology drugs may create a negative impact on the growth of the prescription dermatology therapeutics market.
Global Prescription Dermatology Therapeutics Market: Forecast by Segments
The prescription dermatology therapeutics market is segmented on the basis of distribution channel and type.
● Mail order pharmacies
● Hospital pharmacies
● Retail pharmacies
The hospital pharmacies segment is expected to dominate the market in the near future due to the rising rate of hospitalization and the high cost of biologic drugs.
● Skin cancer
● Acne and rosacea drugs
● Fungal infection drugs
● Psoriasis drugs
● Seborrhea drugs
Psoriasis drugs held the largest market share in global market. The segment is expected to continue its dominance over the forecast period.
North America is likely to hold the largest market share in the global prescription dermatology therapeutics market due to high prevalence of chronic skin diseases and growing adoption of biological drugs for the treatments. Higher awareness as compared to other regions is also expected to boost the growth of this regional market. Asia Pacific is also expected to expand at significant rate due to growing awareness about skin disorders in the emerging economies such as India and China.
Global Prescription Dermatology Therapeutics Market: Key Players
Some of the major players operating in the global prescription dermatology therapeutics market are Aurobindo Pharma Ltd, AbbVie, Inc., Aclaris Therapeutics, Inc., Novartis AG, Sun Pharmaceuticals Ltd., Janssen Biotech, Inc., Bausch Health Companies, Inc., Amgen, Eli Lilly and Company, Celgene Corporation, LEO Pharma A/S, and Pfizer, Inc.
Global Prescription Dermatology Therapeutics Market: Competitive Landscape
Companies are expected to look at mergers and acquisitions as a way forward in the global prescription dermatology therapeutics market. For instance, Aurobindo Pharma Ltd. and Sandoz Inc. have agreed that the former will take over latter’s dermatology and oral solids business. This move will make Aurobindo the second largest players distributing generics in the U.S. by prescriptions. This will also enable diversification of the portfolio, adding about 300 products, which includes the ones under development.
Global Prescription Dermatology Therapeutics Market: Research Methodology
QY Research has used a completely unique research methodology while calculating the market size of to arrive at the projections. The company has given emphasis on using the foolproof model for research. Analysts have used primary and secondary methods to compile the research report. In-depth interviews with the industry experts and several manufacturers were conducted to make the report an exclusive one.
In order to authenticate the data, the research analysts have also interacted with the various members on several panels of the market, across the world who have sufficient knowledge about the particular field. This research report also includes the macro-economic factors like the gross domestic product and Year-on-Year growth forecast to analyze the trajectory of the global market for prescription dermatology therapeutics.
Reasons to Buy this Report
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● For identifying significant trends, drivers, influence factors in global, and regions.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Life sciences is a wide branch of study that is gradually becoming an integral industry to the global economics. QYR Consulting looks at the steady transformation of the life sciences industry and its impact on the subindustries such as medical care, pharmaceutical, and medical devices. Our team of esteemed analysts have put together reports to analyze the monumental changes life sciences is expected to bring in the overall healthcare industry. These reports identify the exact turning points for the industry and open up a platform for discussing its growth.
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