The South Korea dermatology therapeutics market size stood at around USD 363.15 million in 2019 and is projected to reach xx million by 2028, exhibiting a CAGR of around xx% during the forecast period.
Dermatology is a medical field that deals with the diagnosis, prevention, and treatment of various skin, nail, and hair-related diseases such as pigmentation, acne, wrinkles, and psoriasis. Skin is the largest organ of the body, which acts as a barrier to protect the internal organs from injury and bacteria. It is also a good indicator of the overall health of the body, making the field of dermatology important in the diagnosis and management of many health conditions.
Dermatological diseases includes common skin rashes to severe skin infections, which occurs due to range of things, such as infections, heat, allergens, system disorders and medications. Foremost common skin disorders are dermatitis.
With increase in population and prevalence of various skin conditions the demand for products in increasing. Rising expenditure on personal care due to increase in awareness about various skin conditions like acne and dermatitis and their treatment modalities is driving the growth of the market.
Soaring demand for effective products to cure skin infections along with increase in number of companies investing in research and development in emerging markets and increased expenditure by government on healthcare has also positively impacted the market.