Market Analysis: Dermatology
According to IMS Health, there are more than 9000 dermatologist and near about 8000 dermatology practices in USA representing a massive 10 billion dollar market value in this year which will be increased by more 3 billion next year. The increasing demand for the dermatology service is due to various skin disorders, skin cancer and most importantly the cosmetic surgery. The dermatology industry is highly fragmented with consolidation expected due to rising costs and complexity. The dermatology industry is highly fragmented with consolidation expected due to rising costs and complexity. Young dermatologists are increasingly choosing multi-physician settings over solo practices getting financial profile with profit margins averaging 20%+ in 2012 We were particularly interested in understanding the future market potential for the current and emerging technologies and products within the dermatological therapeutics industry. This report assesses the available therapeutic procedures for skin, along with the drugs and technologies currently being used for various skin treatments. The role of public agencies, the regulatory environment, and non-governmental stakeholders has also been examined.