Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19,482.4 Million | USD 36,637.6 Million | 37% | 2021 |
FrequentlyAsked Questions
During the forecast period, technological advancement in the pharmaceutical sector to produce innovative dermatological products is anticipated to offer lucrative prospects for expanding the global dermatologicals market. The existence of important manufacturing firms that produce & distribute dermatological products and rising healthcare spending also contribute to the market's expansion.
According to the report, The global dermatologicals market size was worth USD 19,482.4 million in 2021 and is estimated to grow to USD 36,637.6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 11.10 percent over the forecast period..
Due to the rise in the prevalence of acne, the rise in the number of dermatological products receiving approval, the presence of key players, and the development of R&D activities in the healthcare sector in the region, North America captured a significant portion of the market for dermatologicals and is anticipated to maintain its dominance during the forecast period.
Key players in the global dermatologicals market include Sun Pharmaceutical Industries Limited, AbbVie Inc. (Allergan PLC), GlaxoSmithKline Plc., Amgen Inc., Galderma, Johnson & Johnson Services Inc, Leo Pharma A/S, Organon & Co (Merck), Novartis AG, Pfizer Inc.
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