The global dermatology market size reached USD 1.11 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period, according to latest analysis by Emergen Research. Growth of the pharmaceutical industry, increasing aging population, rising cases of acne problems, rapid technological advancements in laser and light-based skin treatments, and increasing advancements in powerful skin digital imaging as well as growing need for early diagnosis of dermatological conditions are main factors driving market growth of the dermatology market.
The Global Dermatology market drivers and restraints Market report, released by Emergen research, provides the target audience with the key information pertaining to the global Dermatology market drivers and restraints Market industry. The research contains the details about the latest events in the Dermatology market drivers and restraints market including but not limited to the product launches, acquisition and mergers, collaborations and technology advancements with an aim to help business evangelists, product owners and marketing personnel understand what the future demands, customer preferences, consumption volume, production capacity and supply chain management of the Dermatology market drivers and restraints market will be like.
Patients are adopting AI, Machine Learning (ML), and teledermatology, which indicates that dermatology treatment is changing and moving away from in-person clinical consultations and toward accessibility, mobile devices, and computer algorithms. These advancements have enabled accurate and real-time imaging, which helps in early detection of disease. The way dermatologists evaluate patients has undergone a significant change as a result of development of more potent imaging techniques, telecommunication network, and information transfer technologies. They may now perform an examination, provide a diagnosis, and develop a treatment plan using software designed specifically for this business. Modern consumers increasing access to digital photographic technology has improved its usefulness in the dermatological industry and dermatologists have used clinical photography in various ways over the years. Due to apparent nature of skins, certain dermatological clinics have started adopting 3D imaging techniques to image cutaneous issues.
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One of the major upcoming trends in the global dermatology market is advancement in laser technology. Nowadays, lasers are useful treatment methods for various skin problems and have a wide range of dermatological uses. Consumers are already observing a significant advancement in laser technology, with products that go beyond aesthetics, to treat cancer and assist in administration of pharmaceuticals. Use of more accurate "robotic surgeons" to perform aesthetic surgeries, treat skin malignancies, and address other skin issues may become more common in the future. Different laser and LED light therapies are emerging as dermatology practices focus more on cosmetic side of treatments for business reasons. For instance, Accure, a U.S. based company developed revolutionary laser-based acne therapy.
The major companies Covered in the report are:
AbbVie Inc. (Allergan PLC), Takeda Pharmaceuticals, Pfizer Inc., Roivant Sciences Inc., DermBiont, Inc., Novartis, GlaxoSmithKline Plc., Johnson Johnson Services Inc., LEO Pharma, and Galderma
Significant Features of the Dermatology Market Report:
- Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
- Assessment of the existing and emerging trends of the business sphere
- Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
- Significant breakdown of the market to assess the factors that might influence the global market growth
- An 8-year forecast for better understanding of the workings and growth opportunities of the market
- Extensive analysis of the key geographical regions to assess market share, market size, production and consumption, revenue contribution, and supply and demand ratio
- Comprehensive overview of the Dermatology market on a regional and global level
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The Dermatology market has been divided into types, applications, and regions. The Dermatology report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2027. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings. Market share data is also available on a global and regional level.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Medical Dermatology
- Surgical Dermatology
- Pediatric Dermatology
- Cosmetic Dermatology
- Cutaneous Lymphoma
- Dermatoimmunology
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Acne
- Dermatitis
- Psoriasis
- Skin Cancer
- Rosacea
- Alopecia
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Skin Clinics
- Others
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Radical Highlights of the Dermatology Market Report:
- The acne industry segment accounted for a moderate revenue share in 2021. These are major factors driving revenue growth of this segment. According to the American Academy of Dermatology Association (AADA), acne affects up to 50 million Americans each year, making it the most prevalent skin condition in the country. Many teenagers and young adults suffer from acne, which often starts during puberty. Between the ages of 12 and 24, 85% of individuals have at least mild acne. In addition, dermatologists can administer acne medications, repair acne scarring, check for skin cancer, and offer general skin care advice. Unflattering acne is a common reason for teens and young adults to schedule dermatology appointments. Dermatologists use a procedure called acne extraction to remove whiteheads and blackheads that fail to clear with acne treatment. A highly serious form of severe acne called acne fulminans is treated by dermatologists using low doses of prednisone, a very strong corticosteroid.
- The Asia Pacific market accounted for largest revenue share in 2021.The dermatology market is growing in this region, particularly in India, Japan, and China, owing to rising incidences of skin problems such as acne and contact dermatitis, availability of larger patient demographic, increased funding and partnerships between major companies in the field of dermatology drugs, as well as presence of any dermatology clinics especially in India, which have resulted in continued growth of this industry.
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