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Asia Pacific Dermatological Therapeutics Market Forecast 2019-2028

The Asia Pacific dermatological therapeutics market is projected to record a CAGR of 7.96% during the forecast period, 2019-2028. The rising disposable income and the surging number of skin disorders are estimated to be instrumental factors for market growth.

The Asia Pacific dermatological therapeutics market growth evaluation encompasses the analysis of Japan, India, China, Indonesia, South Korea, Vietnam, Thailand, Australia & New Zealand, and the rest of Asia Pacific. Japan has a continuously growing geriatric population. The nation is also ranked among the top when it comes to the rising senior population in the Asia Pacific. Such a steep increase means a rise in the need for frequent services, thereby becoming a potential customer base for dermatological procedures. The country is also among the high-income countries of the Asia Pacific. The rising burden of skin diseases in the countries entails impetigo, warts, acne, atopic dermatitis, etc. Of these, atopic dermatitis was regarded as the most common skin-related disease in the country, as per the National Health and Wellness Survey. In India, there is an increasing demand for new healthcare technological advancements to meet the surging burden of skin diseases. Though WHO states that the developing countries suffer due to poor infrastructure and minimum healthcare facilities, the government initiatives in India are evaluated to be beneficial for market growth. Thus, factors like global warming, rising awareness with regard to personal hygiene, and the increasing aging population, are set to stimulate the growth of the Indian market.

Some of the leading companies present in the market are, Merck KGaA, Leo Pharma A/S, Novartis AG, AGI Dermatics, Pfizer Inc, etc.

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Asia Pacific Dermatological Therapeutics Market Forecast 2019-2028
Published By :Inkwood Research
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