Pediatric Dermatology Market: Current Analysis and Forecast (2022-2028)
Emphasis on Drug Class (Anti-Infectives, Corticosteroids, Anti-Acne, Calcineurin Inhibitors, Retinoids, and Others); Application (Alopecia, Erythromelalgia, Psoriasis, Atopic Dermatitis, and Others); End User (Hospitals, Clinics, Cosmetic Centers, and Others); and Region/Country
The Pediatric Dermatology Treatment Market was valued at USD XX Bn and is expected to grow at a strong CAGR of around 7% during the forecast period (2020-2028) owing to the growing demand for minimally invasive treatments for pediatric skin conditions. Moreover, the rising investments in research and development actions targeted at expanding novel pediatric dermatology treatments are expected to boost the market growth. Therefore, the presence of several prominent players in the region who are actively engaged in the development of new treatment options for pediatric dermatology conditions that are approved U.S. Food and Drug Administration (FDA) and are some of the major drivers for the increased penetration of pediatric dermatology treatment devices among parents, especially in the developed and developing countries. For instance, in June 2019, Novartis announced the U.S. Food and Drug Administration (FDA) approved Cosentyx for the treatment of moderate to severe plaque psoriasis in pediatric patients over the age of six who are candidates for systemic therapy or phototherapy1. This is the first approval for Cosentyx in a pediatric populace in the U.S.
Some of the major players operating in the market include Novartis AG; Amgen Inc.; AbbVie Inc.; Almirall S.A; Bausch Health Companies Inc.; Pfizer Inc.; Johnson & Johnson Services, Inc.; Merck & Co., Inc.; Sanofi S.A.; Bristol Myers Squibb Company. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst drug class, the smart appliances segment held a dominating share of the market in 2021”
Based on drug class, the market is segmented into anti-infectives, corticosteroids, anti-acne, calcineurin inhibitors, retinoids, and others. Amongst these, the corticosteroids segment is expected to grow with a significant CAGR during the forecast period. This is mainly due to its effectiveness in treating skin inflammation in youngsters, and it is generally accessible in gels, skin creams, and lotions, which can be effortlessly applied to the skin of kids.
“Amongst application, atopic dermatitis held a major share of the market in 2021”
By application, the market is segmented into alopecia, erythromelalgia, psoriasis, atopic dermatitis, and others. Among these, atopic dermatitis held a major share of the pediatric dermatology treatment market in 2021. The rising incidence of atopic dermatitis has created a rise in demand for pediatric dermatology products and services. For instance, in June 2022, FDA approved Dupixent (dupilumab) as the first biologic medicine for children aged 6 months to 5 years with moderate-to-severe atopic dermatitis.
“Asia is expected to grow at the highest CAGR during the forecasted period”
Asia-Pacific is expected to grow at the highest CAGR during the forecasted period owing to the growing incidence of skin conditions such as atopic dermatitis, eczema, and acne are becoming more common in children in the Asia-Pacific region due to increased air pollution and changing lifestyles. In addition, the large number of children living in the Asia-Pacific region indicates a significant market opportunity for dermatology treatments for children. Moreover, there has been an increased awareness among parents and healthcare professionals of skin health during the forecast period, which will drive the demand for pediatric dermatology treatments.
Pediatric Dermatology Treatment Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global pediatric dermatology treatment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Pediatric Dermatology Treatment Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global pediatric dermatology treatment market were the three major steps undertaken to create and analyze the adoption of pediatric dermatology treatment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global pediatric dermatology treatment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the pediatric dermatology treatment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the pediatric dermatology treatment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as drug class, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the pediatric dermatology treatment market. Further, we conducted factor analysis using dependent and independent variables such as drug class, application, and end-users of the pediatric dermatology treatment market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pediatric dermatology treatment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global pediatric dermatology treatment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the pediatric dermatology treatment market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global pediatric dermatology treatment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pediatric dermatology treatment market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the drug class, application, and end-users in the global pediatric dermatology treatment market.
The main objective of the Global Pediatric dermatology treatment Market Study
The current & future market trends of the global pediatric dermatology treatment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the pediatric dermatology treatment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the drug class, application, and end-users
- Define and analysis of the regulatory framework for the pediatric dermatology treatment industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the pediatric dermatology treatment market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the pediatric dermatology treatment market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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