The Business Research Company’s latest report Dermatology Drugs Global Market Report 2020 covers Dermatology Drugs market drivers, Dermatology Drugs market trends, Dermatology Drugs market segments, Dermatology Drugs market growth rate, Dermatology Drugs market major players, and Dermatology Drugs market size. The report provides in-depth analysis of the impact of COVID-19 on the Dermatology Drugs industry, along with revised market numbers due to the effects of the coronavirus.
Dermatology Drugs Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global dermatology drugs market is expected to decline from $40.7 billion in 2019 to $36 billion in 2020 at a compound annual growth rate (CAGR) of -11.7%. The decline is mainly because of drop in sales due to the lockdown measures to contain COVID-19 spread. Apart from restricting non-emergency medical services, new rules of the governments across the globe has forced many companies in the dermatology drug market to halt their business operations which has impacted the market growth. The market is then expected to recover and grow at a CAGR of 13% from 2021 and reach $66.3 billion in 2023.
The report covers the Dermatology Drugs market’s segments-
1) By Type: Acne, Dermatitis, Psoriasis, Other Drugs for Dermatology Diseases.
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
3) By Route Of Administration: Oral, Parenteral, Others.
4) By Drug Classification: Branded Drugs, Generic Drugs.
5) By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
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