By 2030, it is anticipated that the France dermatology drugs market will reach a value of $988 Mn from $468 Mn in 2022, growing at a CAGR of 9.8% during 2022-2030. The market is primarily dominated by local players such as Sanofi, Pierre Fabre Group, and Galderma Code. The market is driven by innovations like biological drugs, better health insurance, and an abundance of healthcare professionals. The dermatology drug market in France 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 France dermatology drugs market will reach a value of $988 Mn from $468 Mn in 2022, growing at a CAGR of 9.8% during 2022-2030.
In 2019, the out-of-pocket cost per person in France was $509, or 9.2% of the cost of healthcare. From 30% in 2014 to 24% in 2019, France's domestic private health spending has dramatically decreased. The French government has a universal health care program that is largely funded by national health insurance. Health spending in France accounted for 11.1 % of GDP in 2019, the highest share in the European Union.
In 2023, the OTC pharmaceuticals market of France is anticipated to generate $2,176 Mn in revenue. By 2023, the dermatology OTC drug market is projected to generate $274 Mn in revenue, representing 12% of France's overall OTC pharmaceutical market, up from $265.5 Mn in 2022.
Market Growth Drivers Analysis
Biologics are a class of drugs that are derived from living organisms, such as proteins and nucleic acids. They are used to treat a wide range of conditions, including dermatological conditions such as psoriasis, eczema, and rheumatoid arthritis. In France, biologics are becoming an increasingly common treatment option for dermatological conditions. For example, biologics such as adalimumab, ustekinumab, and secukinumab are approved in France for the treatment of moderate-to-severe psoriasis.
Market Restraints
In France, there are more doctors and many more nurses, yet its healthcare system is still in crisis. But according to the World Health Organization, almost half of the French doctors are above the age of 55 and approaching retirement.
The revenue change in the dermatology segment has decreased from 5.5% in 2021 to 2.2% in 2022. This can discourage new players from entering the French dermatology drug market.
Key Players
The health sector is regulated by the French Public Health Code, the French Social Security Code, the French Intellectual Property Code, the French Consumer Code, and EU regulations and directives.
A cardinal metric system that reflects the added value of the product is used in France to determine the maximum reimbursement level and price for new medications. Each pharmaceutical product is given two ratings: one that reflects the product's actual medical benefit (SMR - Service Médical Rendu), which establishes the level of reimbursement, and another that assesses whether the medical benefit has improved (ASMR - Amélioration du service médical rendu), which determines whether a price premium can be achieved or whether a discount will be necessary.
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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