New York, NY -- (SBWIRE) -- 03/03/2017 -- Dermatology Drugs Market: Drivers and Challenges

Expansion of the number of indications treated by topical drugs is likely to drive growth of the dermatology drugs market. Historically acne and rosacea have been the major indications treated with topicals, however ongoing R&D efforts focused on new indications such as hair growth, discoloration, and onychomycosis promise to increase the range of uses for topical products and, as a result, expand the addressable market of the topical dermatology drugs. In addition to new indications, growth is expected to be driven by an increase in the worldwide volume acne and rosacea of patients.

Dermatology Drugs Market: Key Players

Key players operating in the global dermatology drugs market are Galderma, Allergan, Inc., Valeant Pharmaceuticals International, Inc., Bristol-Myers Squibb Company, LEO Pharma, Novartis AG, Merck & Co., Inc and others.

Dermatology Drugs Market: Regional Overview

Geographically the dermatology drugs market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst these regions North America holds the largest share of dermatology drugs market due to increasing prevalence of skin diseases and increasing awareness about potential applications of dermatology drugs. Followed by Europe due to technological advancements and increasing ageing population. Asia pacific region holds the third position in terms of value share of dermatology drugs market due to raising skin disease prevalence, increasing awareness about skin diseases and their management, and increasing healthcare spending can boost the market in the region.

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