Advent of Biologics Therapy to Revolutionize Dermatological Products Market

Posted by Preet on February 17th, 2020

The dermatological products market is likely to grow at a steady pace in the long run, as per the latest report by Fact.MR. The demand for dermatological products continue to remain influenced with new formulations developed by manufacturers to treat various skin conditions and diseases.

The demand for dermo-cosmetic products combining OTC and prescription products to treat acne, skin infections, atopic dermatitis and other skin conditions is also increasing. Fact.MR estimates that the sales of dermatological products is expected to surpass US$ 13,000 million by the end of 2018.

The demand for dermatological products is likely to be the highest among female consumers. Owing to the increasing skin diseases such as acne, rosacea, skin cancer, in women the maximum demand in dermatological products market is from female customers. The demand for dermo-cosmetic products is also rising among women. Also, over-the-counter anti-aging dermatological products are gaining popularity among female consumers.

To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:

  • North America
  • Latin America
  • Japan
  • APEJ
  • MEA

Demand for Dermatological Products to Remain High in North America

North America is expected to witness significant growth in the demand and sales of dermatological products in 2018. Growing number of skin diseases across all age groups in the US is likely to create growth opportunities for manufacturers in the dermatological products market in the region.

According to the American Academy of Dermatology, acne is the most common skin condition in the US, affecting around 50 million people every year. Moreover, nearly 7.5 million people in the US suffer from psoriasis. Majority of dermatological products treating acne, psoriasis, and other skin conditions have been approved by Food and Drug Administration (FDA) in last few years, while many dermatological products are still under process of approval.  

Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2363

In Canada, UV exposure is emerging as the growing risk resulting in melanoma as fastest rising cancers. According to the research by Canadian Dermatology Association (CDA), use of sunscreen continues to rise in Canada. In 2017, among 15-29 years of age group, around 7% of new melanoma cancer cases were registered in Canada.

Canadian consumers are also moving towards adopting premium skin care dermatological products with high quality of natural ingredients. Dermatological products including facial oils, masks, and serums are gaining immense popularity among consumers in Canada.

The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.

The study provides detailed profile of key players and their offering in the dermatological products market, which include

  • Ikeda Mohando Co Ltd
  • Johnson & Johnson Consumer Ltd
  • Bayer AG
  • Taisho Pharmaceutical
  • Glaxo SmithKline Plc
  • Merck & Co. Inc.
  • Perrigo Company Plc
  • Emami Ltd.
  • Reckitt Benckiser Group Plc
  • Pierre Fabre SA

The report offers insight into the competitive dynamic in the dermatological products market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the dermatological products market are presented in the analysis. Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.

On the basis of sales channel, the global dermatological products market report offers insights into the opportunities and new avenues of following key segments:

  • Modern Trade
  • Speciality Stores
  • Mono-Brand Stores/ Independent Stores
  • Drug Stores
  • Online Retailers

In order to analyze growth prospects in aforementioned segments in the global dermatological products market, the study assesses demand and consumption patterns of following product segments

  • Cleansers
  • Acne Treatment Products
  • Skin Moisturizer
  • Sunscreen Products
  • Scar & Stretch Mark Products
  • Skin Whitening Products

Acne Treatment Products to Witness Surge in Demand

Demand for acne treatment dermatological products is projected to witness robust growth in the coming years. Increasing cases of acne worldwide, coupled with innovation in acne treatment is expected to drive demand for acne treatment products. Increasing research activities along with better understanding of pathology of acne is likely to result in new and safer acne treatment products by manufacturers in the dermatological products market.

Targeting inflammatory mechanisms with disease modifying ability, biologics is finding large application in development of acne treatment products. Acne is affecting increasing number of adolescents and young adults. According to the American Academy of Dermatology, acne is increasing among women, affecting nearly 15% of women in the US.

Currently, topical drugs or topical therapy are widely used by increasing number of people in acne treatment across the world. As per the study by Fact.MR, acne treatment products are expected to bring in more than US$ 3,000 million by 2018 end. Meanwhile, scar and stretch mark products are also likely to witness increasing demand in the dermatological products market owing to rise in accidents, surgeries, and rise in consciousness among pregnant women on developing stretch marks.

The overall growth in the dermatological products market is likely to remain steady. The demand in the dermatological products market is expected to reach 3.7% CAGR during 2018-2027.

The global dermatological products market report answers numerous pertinent questions, some of which are:

  • What are some of the latent areas of investments in the dermatological products market?
  • Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
  • What trends are likely to change the status quo of the positions held by leading players of the dermatological products market in the not-so-distant future?
  • Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the dermatological products market?
  • What are the strategies adopted by top players to retain their stronghold in the dermatological products market?
  • Which strategic moves will new entrants adopt to gain a strong foothold in the dermatological products market?

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Preet

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Preet
Joined: July 11th, 2019
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