South Korea Dermatology Treatment Drugs Market Analysis

$3,000.00$7,500.00

  • Type: Therapeutics Area
  • Published : February 2022
  • Region: Asia
  • Country: South Korea
  • Report ID : 5109

  • Format: PPT, PDF

South Korea Dermatology Treatment Drugs Market Analysis: Segmented by Drug Class, Drug Type, Prescription Mode, Indication, Route of Administration, End-User, Distribution Channel – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the South Korea Dermatology Treatment Drugs Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for South Korea Dermatology Treatment Drugs Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the South Korea Dermatology Treatment Drugs Market Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

South Korea Dermatology Treatment Drugs Market Analysis Executive Summary

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.

Market Size and Key Findings

The South Korea Dermatology Treatment Drugs Market Analysis size stood at around USD xx% billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

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.

Market Restraints

Stringent Regulations for Dermatology Drugs and High Cost of Dermatology Drugs are assumed to be restraining the Dermatology Drugs Market.

Covid-19 Market Impact Analysis

The COVID-19 outbreak in South Korea has had varying impacts across the beauty and personal care market. Mass beauty and personal care have benefitted, with consumers trading down from more upmarket offerings as they spend more time at home. Another notable trend is the rise of do-it-yourself (DIY) beauty care. Many beauty salons had been closed, and even in places where they have not, consumers are forgoing services because of concerns about close physical contact. As a result, DIY hair coloring, nail care, and care in other beauty categories are finding new customers in the country.

Competitive Landscape

Key Players

Players operating in the global dermatology drugs market include Lupin, Novartis AG, F. Hoffmann-La Roche Ltd, Pfizer Inc., Sanofi, GlaxoSmithKline plc. Amgen Inc., Eli Lilly and Company, AstraZeneca, AbbVie Inc., Johnson & Johnson Services. Inc, Galderma laboratories L.P., LEO Pharma A/S, Merck & Co., Inc, Bausch Health, and Bristol-Myers Squibb Company.

Products in Pipeline

  • The acquisition of Eli Lilly and company & Dermira company will expand the pipeline of Lilly’s immunology with the addition of lebrikizumab which is a new monoclonal antibody designed to treat atopic dermatitis. This acquisition also expands the company portfolio of marketed dermatology medicines with the addition of QBREXZA (glycopyrronium).

Notable Recent Deals

  • In April 2019, LEO Pharma announced the expansion of its existing partnership with Elektrofi for the development of convenient system for dermatology treatments. This is expected to reduce the time required for the treatment.
  • In January 2020, Eli Lilly and Company announced that they have acquired Dermira, which is a biopharmaceutical company engaged in the introduction of novel therapies to treat the chronic skin conditions in a much better way.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The importance of the healthcare industry has increased and it has thrived, although the cosmetic industry of Korea has been in depression. A recently issued group of items in Korea, ‘cosmeceuticals’, is defined as a combination of pharmaceuticals and cosmetics proven to have medical effectiveness. Antiaging cosmeceuticals in Korea have performed well in terms of expanding business by combining with beauty services, so they are viewed as high-valued items. This fact supports the evidence that there are various studies on cosmeceuticals. Therefore, this paper shows that the global status and growth potential of cosmeceuticals are documented and the concepts of the application of the demonstration complex and open innovation will be linked together based on research of antiaging cosmeceuticals in Korea for an aging society. This paper intends to provide the basic information for forming a ‘lab to market’ which connects the future cosmeceutical laboratory to the market. In March 2016, customized cosmetics were launched as a pilot project, and ‘cosmeceuticals’ have received attention from the cosmetics market. At the same time, the interest in cosmetics which help to treat skin problems is increasing. The cosmeceutical market in Korea was grown by hospitals and pharmaceutical companies in the 1990s, but currently, it is becoming more popular and diversified because cosmetic companies are taking over pharmaceutical companies in Korea.

1. Report Description of the South Korea Dermatology Treatment Drugs Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. South Korea Dermatology Treatment Drugs Market Analysis Executive Summary
2.1 South Korea Dermatology Treatment Drugs Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of South Korea Dermatology Treatment Drugs Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Increase in population and prevalence of various skin conditions
3.1.2 Rising expenditure on personal care due to increase in awareness
3.2 Market Restraints Analysis
3.2.1 High price sensitivity
3.3 Covid-19 Market Impact Analysis
4. South Korea Dermatology Treatment Drugs Market Segmentation
4.1 By Drug Class:
4.1.1 Corticosteroids
4.1.2 Retinoids
4.1.3 Monoclonal Antibodies
4.1.4 Antibiotics Agent
4.1.5 Antiviral Agents
4.1.6 Antifungal Drugs
4.1.7 Antihistamines Agents
4.1.8 Immunosuppressive Drugs
4.1.9 Others
4.2 By Drug Type:
4.2.1 Branded
4.2.2 Generics
4.3 By Prescription Mode:
4.3.1 Prescription based drugs
4.3.2 Over-the-counter drugs
4.4 By Indication:
4.4.1 Infectious Skin Disease
4.4.2 Inflammatory/Autoimmune Disorders
4.4.3 Pigmentation Disorders
4.4.4 Skin Cancer
4.4.5 Others
4.5 By Route of Administration:
4.5.1 Topical
4.5.2 Oral
4.5.3 Parenteral Administration
4.6 By End-User:
4.6.1 Homecare
4.6.2 Hospitals
4.6.3 Dermatology Clinics
4.7 By Distribution Channel:
4.7.1 Retail Pharmacy
4.7.2 Hospitals Pharmacy
4.7.3 Online Pharmacy
4.7.4 Others
5. South Korea Dermatology Treatment Drugs Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives Dermatology Drug Market
6.4 Notable recent deals in Dermatology Drug Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Abbvie Inc. Company overview
Product & Services, Strategies & Financials
7.2 Johnson & Johnson Services, Inc. Company overview
Product & Services, Strategies & Financials
7.3 GlaxoSmithKline Plc. Company overview
Product & Services, Strategies & Financials
7.4 Eli Lilly and Company overview
Product &, Strategies & Financials
7.5 Pfizer Inc. Company overview
Product & Services, Strategies & Financials
7.6 LEO Pharma A/S Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Dermatology Drug market
9.2 Future Opportunities
10. Strategic Recommendations

South Korea Dermatology Treatment Drugs Market Analysis Segmentation

By Drug Class:

On the basis of drug class, the market is segmented into corticosteroids, retinoids, monoclonal antibodies, antibiotics agents, antiviral agents, antifungal drugs, antihistamines agents, immunosuppressive drugs and others.

By Drug Type:

On the basis of drug type, the market is segmented into branded and generics.

By Prescription Mode:

On the basis of prescription mode, the market is segmented into prescription based drugs and over-the-counter drugs.

By Indication:

On the basis of indication, the market is segmented into infectious skin disease, inflammatory/autoimmune disorders, pigmentation disorders, skin cancer and others.

By Route of Administration:

On the basis of route of administration, the market is segmented into oral, topical and parenteral.

By End-User:

On the basis of end user, the market is segmented into homecare, hospitals, dermatology clinics and others.

By Distribution Channel:

On the basis of distribution channel, the market is segmented into retail pharmacy, hospitals pharmacy, online pharmacy and others.

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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