Dermatological preparations are applied directly to the skin by topical application or are administered through the parenteral route.

PORTLAND, OREGON, UNITED STATES, September 16, 2022 /EINPresswire.com/ -- Allied Market Research (AMR) recently published a market research report, titled, "Dermatologicals Market by Disease (Acne, Dermatitis, Psoriasis, Skin Cancer, Rosacea, Alopecia, and Others), Type (Prescription-based Drugs, and Over-the-Counter Drugs), and Route of Administration (Topical Administration, Oral Administration, and Parenteral Administration): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global dermatologicals industry was accounted for $19.97 billion in 2020, and is expected to reach $59.30 billion by 2030, growing at a CAGR of 11.5% from 2021 to 2030.

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Dermatologicals are drugs that are used to treat or prevent conditions related to the skin. Moreover, dermatological preparations are applied directly to the skin by topical application or are administered through the parenteral route. Furthermore, dermatologicals are taken through oral route to cure skin conditions. Some of the conditions that are treated using dermatologicals include psoriasis, rosacea, acne, and dermatitis.

COVID-19 scenario -

During the COVID-19 pandemic, several dermatological clinics were closed due to strict regulations regarding social gathering and social distancing.
Moreover, the majority of the professional healthcare workers were diverted to treat Covid-19 patients.

Drivers, barriers and opportunities -

The increase in the prevalence of skin diseases, awareness about skin diseases among individuals, and the rate of adoption of skin products have fueled the growth of the global skin products market. However, there are alternatives to acne treatment that are hindering market growth. On the contrary, the development of the pharmaceutical industry and the increase in medical expenses are expected to open up new opportunities for sellers in the future.

Major market players -

AbbVie Inc. (Allergan PLC).
Galderma
GlaxoSmithKline Plc.
Novartis AG
Leo Pharma A/S
Amgen Inc.
Johnson & Johnson Services Inc
Pfizer Inc.
Organon & Co (Merck)
Sun Pharmaceutical Industries Limited.

♦ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.alliedmarketresearch.com/request-for-customization/3805

The Impact of Covid-19 on the Dermatology Product Market (Pre and Post Analysis)

The COVID-19 outbreak is expected to have a positive impact on the growth of the global leather goods market. The COVID-19 pandemic has disrupted healthcare systems around the world. The practice of dermatology is greatly affected by the COVID-19 pandemic. Many hospitals and clinics have been renovated to increase their hospital capacity for patients diagnosed with COVID-19. The implementation of the lockdown, due to the outbreak of COVID-19, led to a decrease in the number of patient visits for treatment during this disease. However, the practice of teledermatology is recommended in the current situation. In addition, various skin diseases such as urticarial, erythematous, atopic dermatitis, acne, rosacea, and purpuric are observed in patients suffering from COVID-19.

Moreover, rise in disposable income and development of the pharmaceutical sector for manufacturing of dermatologicals are anticipated to drive growth of the dermatologicals market. In addition, expansion of many clinical studies on various types of products to evaluate their safety and efficacy propels the growth of the market. For instance, in November 2021, AbbVie, a pharmaceutical company, announced the positive result from the phase 3 SELECT-PsA 1 and SELECT-PsA 2 trails to analyze the efficiency of upadacitinib in patient suffering from psoriatic arthritis and axial involvement. The result shows that patient with psoriatic arthritis demonstrate greater clinical response to upadacitinib, as compare to patient with axial involvement.

Rise in number of approval for dermatological products and increase in number of pharmaceutical manufacturing companies are the key factors that further boost growth of the market. In addition, surge in demand for skin care products propel the growth of the market.

♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/1032a7186ab963bbfe13df23a054eef1

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with vario research data tables and confirms utmost accuracy in our market forecasting. Each and ever us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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