By 2030, it is anticipated that the Brazil dermatology drugs market will reach a value of $1037.35 Mn from $425 Mn in 2022, growing at a CAGR of 11.8% during 2022-2030. The market is primarily dominated by local players such as Neo Química, Eurofarma, and EMS S.A. The market is driven by Telemedicine, OTC, and government regulations. The dermatology drug market in Brazil is segmented by drug class, drug type, prescription mode, indication, route of administration, end-user, and distribution channel.
By 2030, it is anticipated that the Brazil dermatology drugs market will reach a value of $1037.35 Mn from $425 Mn in 2022, growing at a CAGR of 11.8% during 2022-30.
With a 9.1% GDP expenditure on healthcare, Brazil has the largest healthcare market in all of Latin America. Local pharmaceutical firms in Brazil play a significant role in the dermatology drug market by providing more affordable alternatives to branded medications and supporting the overall growth of the nation's healthcare industry.
With sales of $15.02 Bn in 2020, Brazil is one of the top seven pharmaceutical and drug markets in terms of size. Dermatology is considered a specialty field in Brazil and is generally only covered by private insurance plans, which make up a portion of total healthcare spending.
Market Growth Drivers Analysis
Telemedicine, including tele-dermatology, has become more widely used in Brazil as a result of the expanding use of technology in healthcare. With the help of this trend, more people can now consult dermatologists in the convenience of their own homes, expanding access to dermatology services.
Many Brazilian consumers are turning to self-diagnosis and self-treatment, including the use of over-the-counter (OTC) dermatology drugs, as a result of the expansion of online information and resource availability. Growing the number of Public-Private Partnerships (PPPs) in Brazil will draw strategic investors and increase funding and system efficiency. These factors favor the growth of Brazil's dermatology drugs market.
Market Restraints
Brazil's healthcare market is price-driven, with domestically produced goods clearly having a price advantage. As a result, drug imports from countries other than Brazil will be deterred. Another significant obstacle is the high concentration of the Brazilian distribution network, which is controlled by a small number of national and regional organizations. Local distributors handle 65% to 75% of pharmaceutical distribution, with only 25% to 35% going directly to retail.
Key Players
August 2022: Exzell Pharma, a Canadian healthcare company, has been acquired by the Brazilian pharmaceutical company Biolab. The acquisition improves the Brazilian company's global operations. Exzell keeps a portfolio with a heavy emphasis on dermatology, vitamins, and dietary supplements.
The Brazilian Health Regulatory Agency (Agência Nacional de Vigilância Sanitária or ANVISA) is in charge of regulating the approval and marketing of dermatology medications in Brazil. The federal organization ANVISA is in charge of ensuring the caliber, security, and effectiveness of health products in Brazil, including medications for treating skin conditions.
At least 70% of the Brazilian population receives their primary healthcare from the country's Unified Healthcare System (SUS). The public health system also provides free medication for some chronic diseases in addition to medical diagnostics and treatment.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
The Dermatology Drugs Market is segmented as mentioned below
By Disease (Revenue, USD Billion):
By Route Of Administration (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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