The isotretinoin drugs from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Isotretinoin Drugs Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The isotretinoin drugs market size has grown strongly in recent years. It will grow from $1.22 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the prevalence of severe acne, the effectiveness of isotretinoin, marketing and awareness campaigns, regulatory approvals, and increased dermatology visits.
The isotretinoin drugs market size is expected to see strong growth in the next few years. It will grow to $1.60 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing awareness and skincare trends, expansion in emerging markets, increasing incidence of acne, aging population, and focus on mental health and well-being. Major trends in the forecast period include research and development, technological advancements, generic drug innovations, improved formulations, and advances in dermatology.
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Scope Of Isotretinoin Drugs Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Isotretinoin Drugs Market Overview
Market Drivers –
Rising cases of skin cancer are expected to propel the growth of the isotretinoin drugs market going forward. Skin cancer is the uncontrolled growth of abnormal skin cells, typically caused by prolonged exposure to ultraviolet (UV) radiation from the sun or tanning beds. Rising cases of skin cancer are primarily due to increased exposure to ultraviolet (UV) radiation from the sun and tanning beds, along with factors like ozone layer depletion and lifestyle changes leading to more outdoor activities without adequate sun protection. Isotretinoin drugs are used for preventing and treating certain types of skin cancer due to their ability to reduce the proliferation of abnormal skin cells. For instance, in January 2024, according to the American Cancer Society, a US-based non-profit organization dedicated to eliminating cancer, there will be 108,270 reported cases of skin cancer, reflecting a 3.2% increase from the 104,930 cases reported in 2023. Therefore, rising cases of skin cancer will drive the growth of the isotretinoin drugs market.
Market Trends –
Major companies operating in the isotretinoin drugs market are focusing on advancements in formulations, such as generic capsules, to enhance treatment options and increase accessibility for patients. Generic capsules are non-branded versions that offer the same effectiveness as brand-name isotretinoin at a lower cost. For instance, in April 2021, Teva Pharmaceutical Industries Ltd., an Israel-based pharmaceutical company, launched the first generic version of Absorica (isotretinoin) capsules. This product is intended for the treatment of severe recalcitrant nodular acne in non-pregnant patients aged 12 and older who have multiple inflammatory nodules with diameters of 5 mm or greater and are unresponsive to conventional acne treatments, including antibiotics.
The isotretinoin drugs market covered in this report is segmented –
1) By Form: Capsules, Injection
2) By Indication Type: Severe Acne, Neuroblastoma, Cutaneous T-Cell Lymphoma, Harlequin Ichthyosis, Xeroderma Pigmentosum, Fibrodysplasia Ossificans Progressiva, Squamous Cell Skin Cancers, Other Indication Types
3) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights –
North America was the largest region in the isotretinoin drugs market in 2023. The regions covered in the isotretinoin drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the isotretinoin drugs market are F. Hoffmann-La Roche Ltd., Abbott Laboratories, Viatris Inc., Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Hetero Drugs Ltd., Sun Pharmaceuticals Industries Limited, Intas Pharmaceuticals Ltd., Aurobindo Pharma, Dr. Reddy’s Laboratories Ltd., Cipla Limited, Amneal Pharmaceuticals LLC, Lupin Pharmaceuticals Inc, Zydus Lifesciences Limited, Glenmark Pharmaceuticals, Alkem Laboratories, Torrent Pharmaceuticals Ltd, Almirall LLC, Alembic Pharmaceuticals Ltd, Ajanta Pharma Ltd, Strides Pharma Science Limited, Wockhardt Ltd., Douglas Pharmaceuticals Limited, Chongqing Huapont Pharm Co. Ltd., Cipher Pharmaceuticals Inc., Vidhyasha Pharmaceuticals
Table of Contents
1. Executive Summary
2. Isotretinoin Drugs Market Characteristics
3. Isotretinoin Drugs Market Trends And Strategies
4. Isotretinoin Drugs Market – Macro Economic Scenario
5. Global Isotretinoin Drugs Market Size and Growth
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32. Global Isotretinoin Drugs Market Competitive Benchmarking
33. Global Isotretinoin Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Isotretinoin Drugs Market
35. Isotretinoin Drugs Market Future Outlook and Potential Analysis
36. Appendix
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