A new report predicts that the world market for dermatological drugs will reach $24.4 billion in 2015. That revenue forecast and others appear in Dermatological Drugs: World Market Prospects 2013-2023, published in March 2013.
Forecast that the global dermatological drugs market will grow steadily from 2013 to 2023. That market is a high-revenue sector with a high public and healthcare profile. Revenue growth will be stimulated by an increase in disease prevalence, a result of aging populations and effects linked with modern life. Dermatological diseases often have high patient burden, resulting in significant disruption of everyday activities. Consumers continue to demand improved treatment options from healthcare providers.
Dr Peter Williamson, a pharmaceutical industry analyst in visiongain, said: “Growth in the market will be stimulated by new drugs and reformulations of existing products from 2013 onwards. The launch of treatments providing more efficacy, improved drug delivery, new dosing schedules and better-served patient populations will also drive market expansion. We believe that the psoriasis submarket will especially stimulate market growth. Biologic drugs, generating high revenue, will continue to dominate psoriasis treatments – a key element for market development. The emerging markets in India and China will also become important for dermatological medicines, driven by healthcare demand in those regions.
“The dermatologic drug market is broad, with scope for development in many areas. There is a high level of genericisation in acne and dermatitis markets. However, this will be countered through the launch of novel combination therapies. There will be opportunities in the infectious skin disease market, buoyed by increasing prevalence of skin and skin structure infections – a result of multidrug-resistant bacteria causing hospital and community acquired infections.
“In addition, a key issue facing physicians is patient adherence. For example, many topical psoriasis treatments are highly potent. However, treatment regimes can often be complicated and impractical for patients, leading to poor compliance and ultimately ineffective drugs. There are clear opportunities for drug developers to work closely with physicians and patients. These include the development of novel drug formulations and delivery technologies that are practical and patient friendly.”
The report shows revenue forecasts to 2023 at world market, therapeutic submarket, product and national level.
It forecasts world sales for the following submarkets: