The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dermatological Products market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dermatological Products
The report offers actionable and valuable market insights of Dermatological Products. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Dermatological Products Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Dermatological Products, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dermatological Products Market.
The dermatological products market is likely to grow at a steady pace in the long run, as per the latest report by Fact.MR. The demand for dermatological products continue to remain influenced with new formulations developed by manufacturers to treat various skin conditions and diseases.
The demand for dermo-cosmetic products combining OTC and prescription products to treat acne, skin infections, atopic dermatitis and other skin conditions is also increasing. Fact.MR estimates that the sales of dermatological products is expected to surpass US$ 13,000 million by the end of 2018.
The demand for dermatological products is likely to be the highest among female consumers. Owing to the increasing skin diseases such as acne, rosacea, skin cancer, in women the maximum demand in dermatological products market is from female customers. The demand for dermo-cosmetic products is also rising among women. Also, over-the-counter anti-aging dermatological products are gaining popularity among female consumers.
Demand for Dermatological Products to Remain High in North America
North America is expected to witness significant growth in the demand and sales of dermatological products in 2018. Growing number of skin diseases across all age groups in the US is likely to create growth opportunities for manufacturers in the dermatological products market in the region.
According to the American Academy of Dermatology, acne is the most common skin condition in the US, affecting around 50 million people every year. Moreover, nearly 7.5 million people in the US suffer from psoriasis. Majority of dermatological products treating acne, psoriasis, and other skin conditions have been approved by Food and Drug Administration (FDA) in last few years, while many dermatological products are still under process of approval.
In Canada, UV exposure is emerging as the growing risk resulting in melanoma as fastest rising cancers. According to the research by Canadian Dermatology Association (CDA), use of sunscreen continues to rise in Canada. In 2017, among 15-29 years of age group, around 7% of new melanoma cancer cases were registered in Canada.
Canadian consumers are also moving towards adopting premium skin care dermatological products with high quality of natural ingredients. Dermatological products including facial oils, masks, and serums are gaining immense popularity among consumers in Canada.
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Acne Treatment Products to Witness Surge in Demand
Demand for acne treatment dermatological products is projected to witness robust growth in the coming years. Increasing cases of acne worldwide, coupled with innovation in acne treatment is expected to drive demand for acne treatment products. Increasing research activities along with better understanding of pathology of acne is likely to result in new and safer acne treatment products by manufacturers in the dermatological products market.
Targeting inflammatory mechanisms with disease modifying ability, biologics is finding large application in development of acne treatment products. Acne is affecting increasing number of adolescents and young adults. According to the American Academy of Dermatology, acne is increasing among women, affecting nearly 15% of women in the US.
Currently, topical drugs or topical therapy are widely used by increasing number of people in acne treatment across the world. As per the study by Fact.MR, acne treatment products are expected to bring in more than US$ 3,000 million by 2018 end. Meanwhile, scar and stretch mark products are also likely to witness increasing demand in the dermatological products market owing to rise in accidents, surgeries, and rise in consciousness among pregnant women on developing stretch marks.
The overall growth in the dermatological products market is likely to remain steady. The demand in the dermatological products market is expected to reach 3.7% CAGR during 2018-2027.
The dermatological products market is segmented on the basis of product type, consumer orientation, sales channel, form, and region.
Each segment is bifurcated into sub-segments to provide a better understanding of the dermatological products market.
Based on the product type, the dermatological products market is segmented into cleansers, acne treatment products, sunscreen products, skin moisturizer, skin whitening products, scar & starch mark products, and other products.
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By consumer orientation, the dermatological products market is segmented into male, female, and kids.
The dermatological products market based on sales channel includes modern trade, mono-brand/independent stores, specialty stores, online retailers, drug stores, and other sales channels.
Based on form, the dermatological products market is divided into stick, wipes, oil, ointment/cream/gel, and powder.
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More Valuable Insights on Dermatological Products Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Dermatological Products, Sales and Demand of Dermatological Products, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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