China Dermatological Therapeutics Market Analysis

China Dermatological Therapeutics Market Analysis

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China Dermatological Therapeutics Market is at around $3.34 Bn in 2023 and is projected to reach $6.54 Bn in 2030, exhibiting a CAGR of 10.1% during the forecast period. The market is growing as a result of urbanization, increasing elderly population, and growing awareness. The market is dominated by key players like Fosun Pharma (CHN), Sinopharm (CHN), Jiangsu Hengrui Medicine (CHN), CSPC Pharmaceutical Group (CHN), Hualan Biological Engineering (CHN), Harbin Pharmaceutical Group (CHN), Yunna Baiyao Group (CHN), Sino Biopharmaceutical (CHN), Pfizer, Johnson & Johnson, Novartis AG, and GlaxoSmithKline PLC.

ID: IN10CNPH035 CATEGORY: Pharmaceuticals GEOGRAPHY: China AUTHOR: Aneri Parekh

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China Dermatological Therapeutics Market Executive Summary

China Dermatological Therapeutics Market is at around $3.34 Bn in 2023 and is projected to reach $6.54 Bn in 2030, exhibiting a CAGR of 10.1% during the forecast period.

Dermatological therapy includes a broad spectrum of medical and cosmetic procedures designed to treat different skin disorders that are common among Chinese people. Alongside contemporary Western medicine, dermatological therapies are frequently influenced by Traditional Chinese Medicine (TCM) techniques. The field consists of medications, topical therapies, and cutting-edge technology designed to enhance skin health and treat dermatological issues specific to the Chinese population. The field of dermatological treatments is constantly changing in China as a result of ongoing research and development.

Growing awareness of skincare and beauty is fueling the rapid expansion of the dermatological market in China. The market is expanding due to factors like an increase in dermatological problems, an older population, and rising disposable incomes. In an ever-changing industry, skincare brands from around the world and locally are aggressively competing by utilizing cutting-edge products and digital marketing techniques. Government programs and a greater emphasis on well-being and health are two other factors driving the expansion of the Chinese dermatological market.

In 2023, the global market for dermatological treatments brought in $40.94 Bn, a significant rise over the previous year. The industry is transforming, and this boom is being driven by efficient production techniques and revolutionary technologies. The market for dermatological treatments has been shaped into a thriving and expanding sector by the dynamic confluence of accessibility, innovation, and financial assistance.

Fosun Pharma has collaborated with other international businesses to create and market dermatological medications in China. They are working along with AstraZeneca to co-develop and market the biological treatment for psoriasis called brodalumab.

China dermatological therapeutics market

Market Dynamics

Market Growth Drivers:

Rapid Modifications to Lifestyle and Urbanization: Skin diseases including psoriasis, acne, and eczema are becoming more common in metropolitan areas due to increased sun exposure, stress, and pollution.

Aging Population: Chronic skin conditions including rosacea and seborrheic dermatitis are more common in China's aging population which is growing the market for dermatological therapeutics.

Growing Public Awareness: The importance of good skin care practices and the availability of efficient treatments among people is driving up demand for dermatological medicines.

Market Restraints:

Regulatory Environment: The market for dermatological medicines may be greatly impacted by modifications to regulatory laws and approval procedures.

Global Health Events: Circumstances like pandemics or infectious disease outbreaks might influence healthcare goals and systems, which could have an effect on the market for dermatological medicines.

Price controls: The government imposes price caps on several medications, which have an effect on pharmaceutical companies' profits and may deter investment in dermatological treatments R&D.

Healthcare Policies and Regulatory Landscape

National Medical Products Administration (NMPA) oversees the regulation of pharmaceuticals and medical devices in China. The approval procedure for drugs typically entails a New Drug Application (NDA) filed by the applicant with the NMPA. After reviewing the NDA, the NMPA visits the applicant's manufacturing facilities to do an on-site inspection. NMPA often has stricter data requirements for clinical studies than other countries, which can make the process more expensive and time-consuming.

Competitive Landscape

Key Players:

  • Fosun Pharma (CHN)
  • Sinopharm (CHN)
  • Jiangsu Hengrui Medicine (CHN)
  • CSPC Pharmaceutical Group (CHN)
  • Hualan Biological Engineering (CHN)
  • Harbin Pharmaceutical Group (CHN)
  • Yunna Baiyao Group (CHN)
  • Sino Biopharmaceutical (CHN)
  • Pfizer
  • Johnson & Johnson
  • Novartis AG
  • GlaxoSmithKline PLC

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

China Dermatological Therapeutics Market Segmentation

By Type

  • Prescription-based Drugs
  • Over-the-counter Drugs

By Disease

  • Alopecia
  • Herpes
  • Psoriasis
  • Rosacea
  • Skin Cancer
  • Acne
  • Atopic Dermatitis
  • Vitiligo
  • Hidradenitis
  • Other Applications

By Drug Class

  • Anti-infectives
  • Corticosteroids
  • Anti-acne
  • Calcineurin Inhibitors
  • Retinoids
  • Other Drug Classes

By Route of Administration

  • Topical Administration
  • Oral Administration
  • Parenteral Administration

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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  • Analysis of the market share and competitive landscape
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Last updated on: 22 February 2024
Updated by: Dhruv Joshi

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