Dermatological Products Market to Undertake Strapping Growth During 2018 to 2028
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 âDermatologist-testedâ which means product was reviewed by a dermatologist, making it safe for use on skin.
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.
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Demand for Dermatological Products to Remain High in North America
North America is expected to witness significant growth in the demand and sales of dermatological products in 2018. Growing number of skin diseases across all age groups in the US is likely to create growth opportunities for manufacturers in the dermatological products market in the region.
According to the American Academy of Dermatology, acne is the most common skin condition in the US, affecting around 50 million people every year. Moreover, nearly 7.5 million people in the US suffer from psoriasis. Majority of dermatological products treating acne, psoriasis, and other skin conditions have been approved by Food and Drug Administration (FDA) in last few years, while many dermatological products are still under process of approval.
In Canada, UV exposure is emerging as the growing risk resulting in melanoma as fastest rising cancers. According to the research by Canadian Dermatology Association (CDA), use of sunscreen continues to rise in Canada. In 2017, among 15-29 years of age group, around 7% of new melanoma cancer cases were registered in Canada.
Advanced Technologies to be incorporated in Dermatological Products
Skin care is primarily driven by productâs 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 Samsungâs 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.
Nanoparticles are increasingly used in UV-light absorbing sunscreen and anti-aging products. Advancement in nanomedicines, use of antioxidants, and modification in nanocarriers are likely to find large application in skin care products and cosmetics industry, with less environmental hazards.
Competitive Landscape
The report provides detailed profiles of the leading players in the dermatological products market. The report includes information on the production facilities, market share of each company based on the region. Key developments, key financials, product portfolio, and SWOT analysis are also included in the report on dermatological products market.
Majority of the companies in the dermatological products market are focusing on the research and development activities to develop unique formulations. Mergers and acquisitions are also on a rise in dermatological products market in various regions.
Johnson & Johnson Consumer Ltd. is planning to acquire a Japan-based skin care company, Ci:z Holdings Co. Ltd. The acquisition will provide ownership of some popular brands such as Labo Labo, Genomer, and Dr.Ci:Labo. It will also reinforce Johnson & Johnsonâs presence in Japan.
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