Authored By: Sarah
16 Jul 2024

 Dermatology Market Size to grow by USD 12761.97 million between 2023-2027

According to a research report “ Dermatology Market” by Application (Acne, Psoriasis, Dermatitis, Skin cancer, Alopecia and others ) End-user (Skin clinics, Hospitals, Others ) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 12761.97 million, at a CAGR of 10.82% during the forecast period. The global dermatology market is experiencing significant growth due to the increasing prevalence of skin disorders such as skin cancer, acne, psoriasis, and eczema. Effective diagnosis, treatment, and monitoring of these conditions are in high demand as they affect an increasing number of individuals. Dermatological products and services are crucial in enabling precise diagnoses, offering customized therapies, and tracking the progression of skin disorders. Advanced technologies, such as laser therapy devices and improved imaging systems, provide targeted treatment options and facilitate early diagnosis of skin cancer. The rising incidence of skin problems has led to a substantial demand for dermatology, as both consumers and healthcare professionals seek effective and innovative treatments in this field..

Browse market data tables, figures, and in-depth TOC on “Dermatology Market” by Application (Acne, Psoriasis, Dermatitis, Skin cancer, Alopecia and others ) End-user (Skin clinics, Hospitals, Others ) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2027. Download Free Sample

 

By Application, the Acne segment is projected to dominate the market size in 2024

In the global dermatology market, skin clinics represent a substantial end-user segment due to their provision of specialized services and treatments for various skin diseases. Market participants cater to the demands of these clinics with a diverse range of offerings. For instance, Galderma's Differin Gel, a prescription-strength retinoid acne treatment, is a popular choice in skincare facilities. Johnson & Johnson's Neutrogena Light Therapy Acne Mask, a non-invasive light therapy tool, is another product utilized extensively by skin clinics for treating acne. These product selections address the specific needs of skin clinics, thereby fortifying their market presence.

By End-user, Skin clinics  segment is expected to hold the largest market size for the year 2024

The global dermatology market is witnessing significant growth, particularly in the segment dedicated to acne treatment. Acne, characterized by blackheads, whiteheads, and pimples, affects both adolescents and adults, leading to an increasing demand for effective solutions. This trend is driven by advancements in dermatological treatments and heightened skincare awareness. The market expansion is further fueled by the introduction of innovative therapies, including topical creams, oral medications, and laser procedures. Moreover, the market's growth is underpinned by the launch of groundbreaking products and technologies, broadening access to acne treatment options for patients worldwide.

North America is forecasted to hold the largest market size by region in 2024

The North American dermatology market is experiencing robust growth, driven by key factors such as the expanding geriatric population and a high incidence of chronic and infectious skin diseases. In the United States, specifically, there is a heightened awareness among the elderly population regarding diagnostic tests for skin conditions, leading to a surge in demand for dermatology services. Furthermore, the increasing trend among older adults to appear younger has fueled the demand for cosmetic procedures. Consequently, the market in this region is primarily driven by the growing geriatric population and the rising preference for aesthetic treatments.

The Dermatology Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aesthetic Group
  • Alma Lasers Ltd.
  • Bausch Health Co. Inc.
  • Biofrontera AG
  • Bioglint Derma Care
  • Bruker Corp.
  • Candela Corp.
  • Canfield Scientific Inc.
  • Cutera Inc.
  • Cynosure LLC
  • Dermatology and Co.
  • DermLite LLC
  • Ernst Pharmacia TM
  • Fourrts India Laboratories Pvt. Ltd.
  • Genesis Biosystems Inc.
  • HEINE Optotechnik GmbH and Co. KG
  • Image Derm Inc.
  • LEO Pharma AS
  • Lumenis Be Ltd
  • Novotech Health Holdings
.

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Research Analysis Overview

The dermatology market is a significant and growing sector, with a focus on both over-the-counter drugs and prescription-based medications. Key players in this market include private organizations and government organizations, such as the American Cancer Society, which funds research and raises awareness for skin cancer, melanoma, and other skin diseases. Major investment pockets in dermatology lie in the development of new dermatological drugs, such as Rinvoq (upadacitinib), which targets hormonal levels to treat various skin conditions like psoriasis. Other popular treatments include lesion removal methods like micro needling and chemical peels, which are available as topical dermatological products. Key manufacturing companies dominate the market, producing a wide range of skin care products and treatments for conditions such as rosacea, bacterial infections, atopic dermatitis, acne, and skin cancer. These companies invest heavily in research and development to create innovative solutions for various skin diseases. Government and private organizations play a crucial role in funding research and development in dermatology, ensuring the availability of effective treatments for various skin conditions. Overall, the dermatology market continues to grow, driven by the increasing prevalence of skin diseases and the development of new, innovative treatments.

Market Research Overview

The global dermatologicals market is witnessing significant growth due to the increasing prevalence of skin diseases such as rosacea, atopic dermatitis, and acne among teenagers. Both over-the-counter drugs and prescription-based drugs are in high demand in this market. Rinvoq (upadacitinib), a prescription-based drug for plaque psoriasis, is one of the key manufacturing companies' latest offerings. Hormonal level imbalances can also lead to skin diseases, making hormonal treatments a significant investment pocket. Skin care products continue to be a major segment of the dermatologicals market, with a focus on addressing minor acne, rosacea, and other skin diseases. Procedures and services such as lesion removal, micro dermabrasion, micro needling, and chemical peels are also gaining popularity. New cases of skin diseases, including melanoma, are on the rise, leading to increased funding from government and private organizations for research and development. Advancements in dermatology, such as the development of new treatments for psoriasis and atopic dermatitis, are expected to drive market growth. However, the high cost of prescription-based drugs and procedures can be a barrier to entry for some patients. The American Cancer Society reports that there will be over 100,000 new melanoma cases in 2022. Skin injuries, bacterial infections, and other skin-related diseases also contribute to the demand for dermatological drugs. Dermatologists play a crucial role in diagnosing and treating these conditions, making them essential players in the dermatology market.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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