Aging-Related Angst Invigorates Dermatological Drug Market

Jan. 13, 2005
By Deborah Austin An aging population, movement toward "lifestyle" drugs addressing physical conditions' effects on emotional health, and other trends could feed an already-robust market for prescription dermatological drugs, forecasts a new study from ...
ByDeborah Austin An aging population, movement toward "lifestyle" drugs addressing physical conditions' effects on emotional health, and other trends could feed an already-robust market for prescription dermatological drugs, forecasts a new study from market research firm Kalorama Information. The global market for prescription dermatological drugs achieved a 9% compound annual growth rate (CAGR) between 1996 and 2001, and Kalorama forecasts 10.1% growth in the following half-decade. The market totaled nearly $6.9 billion in 2001 and is expected to reach $10.6 billion by 2006. The past five years' highest-growth segment was hair-loss treatment and hair removal at nearly 55%. Future bloomers may include the anti-aging segment at 14.5% compound annual growth -- spurred by botulinum agents (Botox) -- forecasts Kalorama. But 2001's largest segment, antifungals -- which accounted for 31.5% of the global market -- will remain No. 1 in 2006 at 30.6%. Kalorama is a division of MarketResearch.com, New York, a provider of market intelligence products.

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