Dermatological Therapeutic Market, By Application (Alopecia, Herpes, Psoriasis, Rosacea, Atopic Dermatitis, Acne Vulgaris, Vitiligo, Hidradenitis, and Other Applications), By Drug Class (Anti-infectives, Corticosteroids, Calcineurin Inhibitors, Retinoids, and Other Drug Classes), By Geography (North America, Europe, Asia Pacific, Middle East, Africa, and Latin America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Jan 2023

Code : CMI5490

Pages :164

Formats :

Excel and PDF

Industry : Pharmaceutical

Dermatological Therapeutic MarketSize and Trends

The global dermatological therapeutic market was valued at US$ 37,198.7 Mn in 2021 and is forecast to reach a value of US$ 63,917.4 Mn by 2028 at a CAGR of 8.0% between 2022 and 2028. The global dermatological therapeutic market is experiencing strong growth due to the rise in burden of dermatology diseases and increase in geriatric (aging) population worldwide. Moreover, rise in demand for safe and effective therapeutics and rise in awareness among people about dermatology diseases is expected to boost the growth of the market. However, factors such as serious side effects of certain dermatological drugs and termination of the clinical trials are expected to hamper growth of the global dermatological therapeutic market.

Global Dermatological Therapeutic Market Trends:

Technological advancements is a recent trend

Technological advancements in the field of dermatology supported by FDA approvals have proven beneficial for players in the market to capitalize on market opportunities and maintain their market position. Moreover, development of novel therapeutics or devices to manage dermatology diseases will aid in the growth of the market. This trend is expected to continue during the forecast period, augmenting the growth of the dermatological therapeutic market.

Increase in research and development is another trend

Biotech companies, pharmaceutical companies, universities, and research centers around the world are focusing on exploring partnerships to maximize the value of preclinical and clinical stage assets for patients suffering from the dermatological condition. Researchers and healthcare professionals are focusing on address patient’s needs through science to improve patient lives. This trend is also expected to continue over the forecast period, driving the market growth.

Global Dermatological Therapeutic Market: Statistics

The global dermatological therapeutic market report is segmented into Application, Drug Class, and Geography.