Canada Dermatology Market Analysis

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  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3005

  • Format: PPT, PDF

Canadian Pharmacy Market: Segmented by Industry Product and Services (Prescription Medicines, Scheduled Non-Prescription Medicines, and General Retail), by Industry Activities (Drug Retailing, Patent Medicine Retailing, Pharmacy Retiling and Operation, Prescription and Non-Prescription Medicine Dispensing), and by Pharmacy group (Independent Community Pharmacies, Hospital Pharmacies, Online Only Pharmacies, and others) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Canadian dermatological therapeutics market size stood at around USD 1.65 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The Canadian skincare industry is growing tremendously at xx% from 2015-2019 and is forecasted to grow by xx% (2020-2028), as more Canadians are investing in their skincare and the market is driven by an aging population looking for solutions to maintaining healthy skin and younger. Technological advancements and the increasing prevalence of skincare are anticipated to fuel the growth.

Market Drivers

Canada’s market is majorly driven by the rising burden of dermatology diseases. The skincare market is driven by the consumer attitude that is, to improve their quality of life in terms of looks and this attitude is visible across all the age groups. The Growing demand for anti-aging products and innovative and eco-friendly packaging designs are attributing to the market growth in the country. Canada’s skin allergy market is forecasted to grow by 3.9% over the 2020-2027 period. The extensive presence of online retail channels is also influencing sales of cosmetics in the country. The collective incidence of dermatological diseases and increasing levels of awareness-related disease progression, Etiology, and available therapies are leading to the high growth of dermatological therapeutics.

1. Canada Dermatological Therapeutics Market Overview………………………………
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Growing Burden of Dermatology Diseases
B. Increase in Awareness Levels of Disease Progression and Etiology
C. Increase in the Elderly Population
D. Growing awareness of cosmetic procedures to improve the aesthetic appeal
E. Technological advancements in dermatology devices
F. Growing need for rapid diagnosis and treatment of skin disorders
3. Major Dermatological Diseases
A. Alopecia
B. Herpes
C. Psoriasis
D. Rosacea
E. Atopic Dermatitis
F. Eczema
G. Hyperhidrosis
H. Others
4. Dermatological Therapeutics Market Segmentation…………………………………
A. Drug Class
I. Anti-infectives
II. Corticosteroids
III. Calcineurin Inhibitors
IV. Retinoids
V. Antirheumatic
VI. Others
B. By Distribution Channel
I. Pharmacy Store
II. Retail Store
III. Online
IV. Supermarkets/Hypermarkets
5. Dermatology Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Dermtek Pharma Company overview, Product & Services, Strategies & Financials
B. Stiefel Company overview, Product & Services, Strategies & Financials
C. Galderma Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Dermatology drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

Drug Class:

Based on drug class, Canada’s dermatological market can be segmented into anti-infectives, corticosteroids, calcineurin inhibitors, retinoids, and other drug classes. And few drugs are reimbursed across the Canadian market. For instance, recently Abbvie’s Skyrizi (an interleukin inhibitor) for the treatment of moderate to severe plaque psoriasis is now publicly reimbursed.

By Distribution Channel:

Based on the distribution channel, the derma market is classified into pharmacies and retail stores, online, supermarkets/hypermarkets, etc. Of these, it is expected that the pharmacy and retail store category will lead throughout the forecast period. This is due to the availability of a broad range of over-the-counter derma products, which are available in the pharmacy and retail stores. However, with the increasing trend toward online shopping and due to Covid-19 impact, people are preferring to make an online purchase and due to this online category is also witnessing faster growth in the derma market.

Top 5 Major Players

With the advancement in technology many new players are emerging in the dermatology market, as a result, there are many growth opportunities in the market. Recently, Sanofi has introduced Dupixent drug is the first biologic to be approved by Health Canada for the treatment of moderate-to-severe atopic dermatitis (AD) in adolescent patients aged 12 years and older. And Bausch Health, Canada has also launched its novel topical prescription drug Duobrii which is the first of its kind Topical Antipsoriatic Agent, it is used to treat the signs and symptoms of moderate to severe plaque psoriasis in adults and AKLIEF introduced by Galderma is the first new retinoid molecule to receive Health Canada approval for the treatment of acne other major players are Dermtek, Stiefel, etc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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