Isotretinoin Drugs Market World industry analysis from 2020 to 2027 explored in
Posted by shriya on June 11th, 2021
Isotretinoin Drugs Market Information, by application (severe acne, Neuroblastoma, Cutaneous T-Cell Lymphomas, harlequin ichthyosis, xeroderma pigmentosum, fibrodysplasia ossificans progressiva, Squamous cell skin cancers, and others), by End User (Hospitals, Research laboratories, and others) - Global Forecast to 2027
The global isotretinoin drugs market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Increasing prevalence of various skin disorders, genetic disorders and cancer are major driving forces for the market. Moreover, increasing R&D funding another major driving factor for the market growth.
The market for isotretinoin drugs was around US$ 1257.0 million in 2016 and is expected to reach US$ 1567.1 million which is projected to grow at a CAGR of 3.2% by 2023.
Globally, North America is holding the largest market share in global Isotretinoin drugs due to increasing prevalence of various skin diseases. While the European region accounts the second largest market in this market. The increasing cases of various genetic disorders and cancer in Western Europe region has spurred the growth rate and it accounts largest share in European market. Due to developing healthcare sector, rising healthcare spending and increasing awareness of disorder and diseases, Asia-Pacific region will be fastest growing market for isotretinoin drugs during the forecast period. Middle East and Africa isotretinoin drugs market is expected to grow slower than global average during the forecast period.
Major Players in Isotretinoin drugs Market:
There are plenty of large and small market players which operate in this market: Akorn, Inc. (US), Dr. Reddy’s Laboratories Ltd. (India), F. Hoffmann-La Roche Ltd (Switzerland), Mylan N.V. (US), Ranbaxy Laboratories Inc, a SUN PHARMA company. (India), Teva Pharmaceuticals USA, Inc (US), and others
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About the Authorshriya
Joined: May 18th, 2021
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