The rise of profession goes manifold says research
Dr.Chytra V Anand, Dr. Malavika Kohli, Dr. Apratim Goel, Dr. Chetana Kumar & Dr. Shuba Dharmana are final nominees for the coveted title of India’s Most Respected Cosmetic Dermatologist 2013. Indian Derma Market set to triplicate in 2015.
Mumbai November 14, 2013: With the rise in the demand for the total transformation of the body & face, Indian Wellness Industry, the sector of skincare treatment & the increasing number of consultants in Cosmetic Dermatology is set to witness exponential growth as new india prepares to embrace latest innovations in cosmetic dermatology & no surprise for guessing, there are more number of consultants in the medical profession in cosmetic dermatology than it was a decade back. According to the latest data research by Pharmaleaders ( www.pharmaleaders.tv ), the Indian market has shown tremendous response in the skincare treatment with a whopping 62 % of the younger generation in the age group of 22 to 30 of the tier 1 & tier 2 cities are ready to spend extra from their pocket in order to change their look & style while more than 34 % of the population in the age group of 30 to 45 & in tier 1 & tier 2 cities are willing to shed their extra weight in consulting Dermatologists to lose weight by medication & treatment.
As India prepares to vote India’s Most Admired Cosmetic Dermatologist 2013 at the historic 6th Annual Pharmaceutical Leadership Summit & Pharmaleaders Business Leadership Awards 2013 ( www.pharmaleaders2013.com ) organized by Pharmaleaders, a division of Network 7 Media Group in association with various associations & Ministry of Commerce, at the commercial capital of Mumbai on 27 th December at Hotel Hilton, Mumbai international Airport, Mumbai, India, the race for the top five finalists in the voting nomination category went viral as more than 20,000 votes were cast in four days via sms & email on a sample size of 1.2 Lakh voters consisting of business circles, Doctors, Hospitals & Research Institutions. In the race are country’s top five names such as 1. Dr.Chytra V Anand, – Founder, CEO & Chief Cosmetic Dermatologist, KOSMORDEMA, Dr. Malavika Kohli, CEO & Founder, Skin secrets, Dr. Apratim Goel, CEO & Founder, Goel’s Cutis Skin Studio, Dr. Chetana Kumar, Director, Laser Cosmetics, 5. Dr. Shuba Dharmana,CEO & Founder,Le’jeune Medspa.
Speaking on the sideline of the India’s Most Respected Cosmetic Dermatologist 2013 category where top five contestants are in the race, Satya Brahma, Chairman & Editor-In-Chief of Pharmaleaders said “ It is difficult to select the one from the five nominees as all the five finalists are winners in their own field in their respective regions & treatment process, but it will be interesting to see how these nominees have embraced technology & infrastructure in their treatment process. While most of the Nominees have spent their learning times abroad, india will continue to surprise as the market for the skincare treatment is huge & challenging with rapid increase in healthcare innovations”.
There exists a high potential for R&D in the derma market, especially since most of the agents take care of the signs and symptoms and not the underlying cause of the disorders, except for infective disorders. In the aesthetic or skin care market, there is a high potential to do research in the field of aging and hyper-pigmentation. And with the entry and success of premium priced skin care products in India coupled with increase in the number of interventions and aesthetic procedures conducted in the country, along with the fact that many dermatologists are now taking higher training in aesthetic dermatology, the dermatology market will grow at a rate more than 45 per cent year-on- year.
The future of dermatology market has huge potential as the total number of dermatologists have almost doubled in last one decade, and that clinical dermatology will remain the mainstay, whereas aesthetics/cosmetology segment will prosper even in the rural areas because of increased awareness and availability of knowledgeable/skilled doctors. “The key areas will be psoriasis, eczema, hair nutrition, facial upliftment, peels and fillers, hair transplant to name few, Many companies & even cosmetic dermatologists are jumping into the field of cosmetology and more research and advancement will be seen in painless dermal procedures.
Cosmetic dermatology is also expected to grow in tier I and II cities with increasing spending power and the high aspirational value. The Indian dermatology market is poised for growth. “At its current growth rate we expect the trend to continue, with growth at around 20 per cent over the next three to four years. The segment is still not highly crowded, as it has few players, but it has immense potential in the Indian market. Over the counter (OTC) products are also large segments in the market, and will propel growth. Due to importance of patents, Indian companies can also look at licensing some innovator products for the Indian market.” While the treatment of skin related disorders remains the primary segment for derma, the sector driving growth will be cosmetic dermatology since it is of high value. “Research for psoriasis and cosmetological applications of drugs will be key. The derma market depends a lot upon the type of products, while cosmetic dermatology can be considered as a luxury. However, for treatment related products, the market is directly dependent upon the number of patients who can afford the treatment. Basic treatments for skin related disorders are always in demand, however, since most medical spending in India is mainly out-of-pocket, the drug sales can be expected to be higher in metros and tier II cities than in all rural areas as well. With an increase in pollution, stress and poor nutrition, many skin disorders have become more common in India, and that will definitely drive the market. The importance of skin has increased in recent years. With successful surgery, treatment of surgical scars and other wounds has become an equally important area. Patients today are willing to pay for-state-of-the-art treatments.
The final result of the winner will be announced on the Friday evening in a glittering award ceremony at hotel Hilton, Mumbai on 27th December. CCI Newswire
