Dermatological products market
The global dermatology products market accounts for approximately 12% of the global skincare products market in 2022. The global dermatology products market is estimated to have an absolute opportunity of USD 10,900 million during the assessment period 2022- 2032.
The demand for dermatological products to treat skin conditions, prevent certain skin disorders and even maintain one’s skin is expected to grow at a tremendous rate in the coming years.
Inflammatory skin diseases such as acne, dermatitis, psoriasis, etc. are treated with biological agents or protein-based drugs. Thus, sales of dermatological products combining prescription and OTC products are expected to increase by 2/5th of the current value in recent years.
The market demand for dermatological products is increasing among women owing to the increasing prevalence of skin diseases like rosacea, acne, skin cancer, etc. among women in recent years. Thus, over-the-counter dermatological products are expected to increase market sales by 1.2 times.
𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝗧𝗼 𝗴𝗲𝘁 𝗮 𝗥𝗲𝗽𝗼𝗿𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗜𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝗙𝘂𝗹𝗹 𝗧𝗢𝗖, 𝗧𝗮𝗯𝗹𝗲 & 𝗙𝗶𝗴𝘂𝗿𝗲𝘀):https://www.factmr.com/connectus/sample?flag=S&rep_id=2363
𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗶𝗻𝗴 𝗦𝗸𝗶𝗻 𝗣𝗿𝗼𝗯𝗹𝗲𝗺𝘀 𝗮𝗺𝗼𝗻𝗴𝘀𝘁 𝗖𝗵𝗶𝗹𝗱𝗿𝗲𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗲𝗺𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱
The increased prevalence of skin conditions such as diaper rash, rashes, atopic dermatitis, warts, acne, etc. in children is a major health problem among them. According to the American Academy of Dermatology, approximately 24% of children are affected by atopic dermatitis, compared to only 3 to 4% of adults.
Also, diaper rash is the most common problem in babies. The increase in bacteria, fungi and viruses gives rise to eczema in children. Manufacturers in the dermatological market offer moisturizers to treat eczema and other over-the-counter medications to treat most skin problems in children. This is expected to increase sales of dermatology products by nearly 2.1 times over the 2022-2032 assessment period.
𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗡𝗼𝗿𝘁𝗵 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁?
The North American market for dermatological products is expected to experience significant growth in the coming years. North America currently holds 23.7% of the overall market share, and the increasing number of skin diseases across all age groups in the United States and Canada is poised to create profitable opportunities for local manufacturers.
In the United States, more than 50 million people suffer from acne each year and about 7.5 million people suffer from psoriasis, according to the American Academy of Dermatology.
In addition, in Canada, cancer cases are increasing at a rapid rate. This is attributed to UV exposure leading to increased risks of melanoma, the fastest growing cancer. Therefore, consumers are increasingly adopting high-end dermatological skin care products such as face masks, oils and serums, etc. containing natural ingredients. This is expected to boost the market growth by 18.7% over the forecast years 2022-2032.
𝗪𝗵𝗮𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝘁𝘆𝗽𝗲 𝗶𝘀 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘀𝗵𝗼𝘄 𝘀𝗵𝗼𝘄 𝗺𝗼𝗿𝗲 𝗶𝗻 𝗗𝗲𝗿𝗺𝗮𝘁𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝗰𝗼𝗺𝗶𝗻𝗴 𝘆𝗲𝗮𝗿𝘀?
Acne treatment products under the product type hold a major market share of 28.7%. Rising cases of acne worldwide coupled with innovation in treatment is expected to drive the demand for acne treatment products. A better understanding of acne pathology along with enhanced research activities are bound to result in new, safe acne treatment products made by manufacturers. Meanwhile, due to the increase in accidents and surgeries, the demand for scar and stretch mark products is expected to drive a gain of 136 BPS in the dermatology products market.
𝗪𝗵𝗶𝗰𝗵 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗼𝗿𝗶𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝘀 𝗺𝗼𝗿𝗲 𝗶𝗻 𝗶𝗻 𝗗𝗲𝗿𝗺𝗮𝘁𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁?
Female dermatological products represent a major market share, i.e. 37.8% of the overall market. Factors such as the awareness among pregnant women of the development of stretch marks are driving the market. Cases of acne are on the increase among women. For example, according to the American Academy of Dermatology, acne affects more than 15% of women in the United States. This is expected to increase the current demand by a quarter in the coming years, for several stretch mark products like oil and cream in the global dermatology market.
𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗖𝗼𝘂𝗻𝘁𝗿𝘆 – –https://www.factmr.com/connectus/sample?flag=RC&rep_id=2363
𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲: 𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝗗𝗲𝗿𝗺𝗮𝘁𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁
The global dermatology products market is highly fragmented and competitive due to the existence of numerous national and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is being adopted by leading companies to increase their market presence among consumers. These strategies have resulted in the incorporation of advanced dermatological products.
Fact.MR has provided detailed information on leading dermatology manufacturers’ prices positioned in all regions, sales growth, production capacity, and speculative technological expansion in the recently released report.
For example: Johnson & Johnson Inc. announced in 2022 that Avicanna Inc., the first company, would be part of the Johnson & Johnson JLABS incubator, which is preparing for pharmaceutical distribution. JLABS, provides a flexible environment conducive to the start-up nature of business, pursuing research and pioneering new technologies to advance medical care.
𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 :
• Ikeda Mohando Co. Ltd.
• Johnson & Johnson Consumer Ltd.
• Taisho Pharmaceutical
• Bayer AG
• GlaxoSmithKline Plc
• Merck & Co. Inc.
• Perrigo Company Plc
• Emami Ltd.
• Reckitt Benckiser Group Plc
• Pierre Fabre S.A.
𝗚𝗹𝗼𝗯𝗮𝗹 𝗗𝗲𝗿𝗺𝗮𝘁𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝘆 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝘆
By product type:
• Acne treatment products
• Skin moisturizer
• Sun protection products
• Products against scars and stretch marks
• To stick on
By Consumer Orientation:
• Feminine dermatological products
• Male dermatological products
• Dermatological products for children
By sales channel:
• Online sales
• Offline sales
• Modern trade
• Specialty stores
• Monobrand Stores/Independent Stores/Franchises
• North America
• Latin America
• East Asia
• South Asia
? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗵𝗲𝗿𝗲 𝗮𝘁 –https://www.factmr.com/checkout/2363
The study offers a comprehensive analysis of various features including price analysis at individual product and brand level, consumer survey analysis, social media sentiment analysis, product benchmarking and generating revenues from dermatological products around the world.
A comprehensive estimate of the market has been provided, considering the revenue of the dermatology product companies over the forecast period.
𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
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Email: [email protected]
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This press release was published on openPR.