Dermatological Products Market: Soaring Demand Assures Motivated Revenue Share during 2018-2028

Published: Tue Apr 16 2019

The report on the dermatological products market provides a detailed analysis of the market, along with information on the most interesting developments in the dermatological products market across the globe. The report provides an overview of the dermatological products market, analysis of the trends, and identification of new opportunities in the dermatological products market.

Dermatological products are the range of products that help to deal with skin, hair, and nails problems and diseases. These products are specifically formulated to restore skin health. Majority of these dermatological products are marked as ‘Dermatologist-tested’ which means product was reviewed by a dermatologist, making it safe for use on skin.

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Increasing Prevalence of Skin Problems among Children Driving Dermatological Products Demand

Skin diseases constitute a major health problem among children worldwide. Most common skin conditions found in children are skin rashes, diaper dermatitis, atopic dermatitis, acne, and warts. According to the American Academy of Dermatology, nearly 25% of children compared to 2-3% of adults are affected by atopic dermatitis. Hence, manufacturers in dermatological products market are developing over-the-counter medications, as most of the skin problems in children are treatable with these medications.

Eczema is also emerging as a common skin problem among children due to the rise in viruses, bacteria, and fungi. Moisturizers treating eczema are being developed on a large scale. Moreover, diaper rash is the most common problem among babies. This is driving the demand for dermatological products including medicated creams and moisturizers especially developed to treat diaper rash.

Rise in Melanoma Incidences, Accidents, and Surgeries Worldwide Driving Demand in Dermatological Products Market

According to the American Institute of Cancer Research, Melanoma is the 15th most commonly occurring cancer worldwide, nearly 300,000 new cases were registered in 2018. Australia, New Zealand, Norway, Denmark, and the Netherlands accounted for the highest rate of melanoma in 2018. Meanwhile, Melanoma International Foundation states that incidence is rising steadily globally, with one person dying each hour from melanoma.

With the rise in melanoma cases worldwide, the demand for dermatological products including sunscreen and creams have increased. Manufacturers in dermatological products market are also focusing on developing sunscreen products with SPF between 15 and 50 to provide better protection against damaging UV radiation.

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Growing Side-Effects of OTC Dermatological Products to Remain Biggest Challenge

Consumers across the globe are buying over-the-counter dermatological products owing to the convenience and easy availability to treat various skin problems. However, improper dosage and longer usage of OTC than recommended time is leading to the rise in side-effects of OTC dermatological products.

In recent years, governments across the globe have been supporting OTC forms of prescription drugs, as it leads to huge savings on health spending. However, rise in incidences of inaccurate and high doses of OTC dermatological products is resulting in serious health issues.

Many ingredients found in OTC drugs have been surrounded in controversy. For instance, hydroquinone, with ability to fade dark spots is used on a large scale in skin whitening and skin bleaching products. However, various side-effects have been observed with prolonged use of hydroquinone product resulting in redness, inflammation, burning, and peeling.

Advanced Technologies to be incorporated in Dermatological Products

Skin care is primarily driven by product’s ingredient. However, new technologies and new delivery systems are gaining popularity in dermatological products. Manufacturers are focusing on developing new delivery systems and ways to get ingredients in the skincare products into skin galore. The technology companies are also focusing on introducing less invasive devices for customers.

Established companies are also introducing various devices containing skincare products. For instance, Samsung launched S Skin in 2017, a prototype from Samsung’s C lab department. The product analysis condition of the skin with help of sensors. It gives recommendation on how to improve skin with skin therapy integrating micro-needle patches including skincare products like collagen.

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