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.
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Significant technology breakthroughs are driving the dermatology sector to change, affecting consumer preferences for aesthetic operations and treatments. 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. Even though photo documentation has always been a key component of clinical trials for various dermatologic conditions or objectives, technological improvements have made it even more vital.
Additionally, with recent advancements in 3D imaging technology, dermatologists are now better able to gauge crucial dermatologic parameters such as wrinkle depth. However, with advancement of 3D imaging technology, dermatologists are now able to more precisely measure important factors, such as height, thickness, and even changes in lesion volume, enabling a more accurate assessment of effect of treatment on distinct lesions. As a result, these developments have enabled accurate, real-time imaging, allowing for early diagnosis of illnesses.
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The report offers a complete analysis of the global Dermatology market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
Key players in the market include AbbVie Inc. (Allergan PLC), Takeda Pharmaceuticals, Pfizer Inc., Roivant Sciences Inc., DermBiont, Inc., Novartis, GlaxoSmithKline Plc., Johnson & Johnson Services Inc., LEO Pharma, and Galderma.
Key Highlights from the 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 skin clinics disease segment accounted for a significant revenue share in 2021. Skin clinics guiding principle is to separate patient’s clinical journey into its components and limit the consultant for performing only those tasks that a consultant is qualified to perform providing diagnosis and recommending management.
Face-to-face consultations with doctors give patients a lot of comfort, but it’s important to manage their expectations by sending them a letter in advance outlining details of screening clinic appointment and giving them a choice to decline it, without losing their spot on the waiting list.
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Regional Outlook of Dermatology Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Dermatology market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Emergen Research has segmented the global dermatology market based on type, application, end-use and region:
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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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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