Indian Dermatological Therapeutics Market

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  • Type: Therapeutics Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1205

  • Format: PPT, PDF

Indian Dermatological Therapeutics Market: Segmented by Drug Class (Corticosteroids Astringents, Biologics, Anti-Inflammatory and Antipruritic Drugs) by Dermatological Diseases (Acne, Dermatitis, Psoriasis, Skin Cancer) and Route of Administration (Topical, Oral and Parenteral) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Indian dermatological market size stood at around USD 129 Billion in 2019 and is projected to reach USD XX million by 2028, exhibiting a CAGR of 8.22% during the forecast period.

As people age, the risk of developing skin-related disorders increases, due to factors, such as changes in the connective tissue, reduction in the skin’s strength and elasticity, and reduction in secretions from sebaceous glands. Skin conditions pose a significant threat to patient’s well-being, mental health, ability to function, and social participation. The derma market has grown by approximately 4.5% per year on an average (CAGR). The current market size of the Dermatology segments in India is approximately Rs. 1950 crores, growing rapidly at about 11%. In terms of revenue, the face care products was dominating the market with 57.22% share in 2020. The other skincare products segment, which includes depilatory products for face and body, is growing with the CAGR of 10.13% during the 2021 – 2028 period. The increasing incidence of dermatological diseases and increasing levels of awareness-related disease progression, aetiology, and available therapies are leading to a high growth of dermatological therapeutics in India.

Market Drivers

Rise in the incidence of skin diseases, improved awareness regarding skin health, rising number of working women is leading to higher demand for personal care product, demand for topical dermatological drugs such as anti-inflammatory agents, anti-infective, local anaesthetics, cleansers, and emollients to treat acne easy accessibility of the products through company websites and online channels, and doorstep delivery are driving the market. The online brands like Nykaa and Purplle along with increasing internet users is resulting in growing presence of online retail in the country’s skin care market. The initiatives taken by state governments are expected to contribute to the growth of the dermatology market in India. For example, Mukhyamantri Amrutum Yojana, is funded tertiary health coverage scheme, which provides cashless surgical treatments for various ailments, including dermatological problems.

1. Indian Dermatology Market Overview…………………………………………………….
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Rise in the incidence of skin diseases
B. Increased awareness regarding skin health
C. Increase in the elderly population
3. Major Dermatological Diseases…………………………………………………………………
A. Eczema
B. Tinea Pedis
C. Urticaria ⁄Angioedema
D. Acne
E. Atopic Dermatitis
F. Others
4. Dermatology Market Segmentation………………………………………………………
A. Drug Class
I. Corticosteroids Astringents
II. Biologics
III. Anti-Inflammatory
IV. Antipruritic Drugs
B. Dermatological Diseases
I. Acne
II. Dermatitis
III. Psoriasis
IV. Skin Cancer
C. Route of Administration
I. Topical, Oral
II. Parenteral
5. Dermatology Major Products Market Share………………………………………
A. Key Findings
B. Market Analysis, Insights and Forecast – By Drug Type
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Emami Limited Company overview, Product & Services, Strategies & Financials
B. Procter & Gamble Hygiene and Health care Limited Company overview, Product & Services, Strategies & Financials
C. Amway India Enterprises Private Limited Company overview, 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

By Drug Class:

On the basis of drug class, the Indian dermatological therapeutics market is classified as corticosteroids astringents, biologics, anti-inflammatory & antipruritic drugs, anti-Infective/antibacterial drugs, and antifungal drugs. The biologics segment is expanding at a large scale during the forecast period owing to the increasing regulatory approval of biologics.

By Dermatological Disease:

The market is segmented into acne, dermatitis, psoriasis, skin cancer, and others. The acne segment has a large share of the market due to rising cases of acne, which lead to other skin conditions such as permanent scars and dark spots. The psoriasis segment is second fastest growing segment at a high pace during the forecast period due to increased product demand from psoriasis patients.

By Route of Administration:

In terms of route of administration, the market is categorized into topical, oral, and parenteral. The topical segment held a large share of the market owing to the rise in the demand for topical dermatological drugs such as anti-inflammatory agents, anti-infective, local anesthetics, cleansers, and emollients to treat acne.

Major Players

The dermatology market in India is growing during the forecast period due to improving healthcare system, rising prevalence of chronic diseases, and growing aging population, the constantly evolving life science industry. Some of the key players that operate in the market are. Emami Limited, Procter & Gamble Hygiene and Health care Limited, Amway India Enterprises Private Limited, Lotus Herbals Private Limited, Nykaa E-retail Private Limited, The Himalaya Drug Company, Johnson & Johnson Private Limited, L’Oreal India Private Limited, Nivea India Private Limited. Nykaa and Purplle with increasing internet users is resulting in growing with XX% with the presence of online retail in the dermatology market.

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”.

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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.

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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)

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  • Market Segment based analysis to obtain revenue / volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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