Dermatology Drugs Global Market Report 2018
Posted by praneeth on June 20th, 2018
South America, the Middle East and Asia Pacific are the regions of the globe where the markets for drugs to treat skin conditions are growing most rapidly. The markets in these regions will increase by 28% on average in the five years 2016 to 2020, according to forecasts by TBRC. In contrast the markets in North America and Western Europe will grow by only 9% on average over the same period.
One of the fast-growing markets for sales of dermatology drugs, Asia Pacific, is about the same size as North America's, the world's largest; the others are smaller. The global market for dermatology drugs itself is a comparatively small one, representing 3.5% of the global market for pharma as a whole.
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The relatively rapid growth of sales for these drugs in the three fast-growing regions is partly explained by the presence of large populations in tropical or subtropical regions where dermatological disease incidence is high. Another factor is the sale of many of these drugs without prescription so that limited access to medical services does not hold back the market, especially as the populations urbanise. In some countries of these regions rapid growth of GDP per capita is also a factor in high market growth. These factors make these regions present good opportunities to manufacturers of drugs used to treat skin conditions.
The leading competitor in the global market for dermatology drugs is the USA's Johnson & Johnson, closely followed by Allergan, which is headquarted in Dublin, Eire, and Galderma, with its headquarters in Lausanne, Switzerland. These three companies share about a third of the market between them. Nearly 50% is split among a large number of small pharma businesses.
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About the Authorpraneeth
Joined: June 6th, 2018
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