San Francisco, June 20, 2016 (GLOBE NEWSWIRE) -- The dermatological drugs market is estimated to exhibit a 4.29% CAGR over the forecast period (2013-2018). Factors driving the market are the geriatric populace, occurrence of skin diseases (e.g., melanoma), and indoor tanning.
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The latest trend running in the market is biologics. Biologics are substances identical to proteins in our body, which can fight off diseases and strengthen the immune system. Side effects of these drugs could pose a challenge to the market.
Dermatological drugs will gain prominence in the coming years on account of being used for treating psoriasis, acne, and other skin-related conditions. The market is at risk of losing share to generic drugs on the market.
Major applications encompassed under the market are infections, dermatitis, immune disorders, and cancers. People obsessed with their aesthetic appearance due to an overbearing influence of celebrity culture are a major driving factor of the market.
Antifungals, antibacterials, antiallergic products, antivirals, and immunotherapies constitute as major market products. New dermatology products with a primary focus on MEK (Mitogen-activated protein kinase kinase) inhibitors, JAK (Janus Kinase) inhibitors, and monoclonal antibodies are expected to attain market shares in the near future.
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Prominent manufacturers in the dermatological drugs market are Johnson & Johnson, Pfizer, Inc., Anacor Pharmaceuticals, Inc., and Valeant Pharmaceuticals International. Mergers & acquisitions and introducing novel drugs are strategies adopted by these manufacturers.
In 2012, Mylan N.V. acquired a license to manufacture two major drugs from Valeant Pharmaceuticals. The company has mass-manufactured generic version of dermatological creams (Clindamycin Phosphate/Benzoyl Peroxide Gel), which would let them attain market share with limited competition.
Table of Contents
- Executive Summary
- List of Abbreviations
- Scope of the Report
3.1 Market Overview
3.2 Product Offerings
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- Market Research Methodology
4.1 Market Research Process
4.2 Research Methodology
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