Prescription Dermatology Therapeutics Market will Register a CAGR of 9.5% through 2026

This report by Transparency Market Research analyzes the global prescription dermatology therapeutics market for the period between 2018 and 2026. An in-depth and unbiased market assessment has been made which offers readers an in-depth and accurate analysis. Market projections have been offered in terms of value (US$ Mn). Stakeholders of this report include companies and intermediaries engaged in research & development, manufacture, and marketing of products prescribed in the treatment of various skin conditions.

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The global prescription dermatology therapeutics market has been studied for the forecast period from 2018 to 2026. For research, 2017 has been considered as the base year and 2016 as the historical year. The global prescription dermatology therapeutics market report comprises an elaborate executive summary that provides overall information about various segments of the market. The report provides a detailed competitive landscape, by major players operating in this market along with their shares (value %) of the global prescription dermatology therapeutics market for 2017. The report also provides detailed company profiles of emerging market players operating in the global prescription dermatology therapeutics market.

Transparency Market Research (TMR) has published a new report titled, "Prescription Dermatology Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026". According to the report, the global prescription dermatology therapeutics market was valued at US$ 27,580.0 Mn in 2017 and is projected to expand at a CAGR of 9.5% from 2018 to 2026. High prevalence of chronic dermatological disorders, large unmet medical needs, and new product approvals are anticipated to drive the global market in the next few years. North America is expected to dominate the global prescription dermatology therapeutics market during the forecast period, followed by Europe. Potential unmet medical needs for moderate to severe psoriasis and skin cancer, increase in adoption of biologic drugs, and new product approvals & launches in the U.S. and Europe are likely to drive the prescription dermatology therapeutics market in these regions during the forecast period. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period.

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High Prevalence and Rise in Incidence of Chronic and Infectious Dermatological Disorders Drive Market

High prevalence and rise in incidence rate of various chronic as well as acute dermatological disorders across the globe are the key factors driving the global prescription dermatology therapeutics market. According to the World Health Organization (WHO), over 900 million people were affected with skin diseases in 2017, and the five most common skin disorders account for around 80% of the skin disorders. Atopic dermatitis, a common and chronic inflammatory skin disease, affects 15% to 20% children and 1% to 3% adults across the world. According to the WHO, 2 million to 3 million patients are affected by non-melanoma skin cancer and around 132,000 melanoma skin cancers occur across the world each year. Hence, rise in incidence rate of dermatological disorders across the globe and increase in awareness about various skin diseases are projected to propel the global prescription dermatology therapeutics market during the forecast period.

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