Photoprotective Drugs Industry 2022 Global Key Players, Market Dynamics, Future Demand Analysis and Forecasts To 2031

Photoprotective Drugs Market 2022

Photoprotective drugs consist of protective mechanisms that may vary and include anti-oxidant, anti-inflammatory, and immunomodulatory effects. As such, they provide protection against UVR and prevent photo-induced carcinogenesis and aging. The photoprotective drugs market is expected to grow significantly during the forecast period as a large no. people have become very conscious about their skin and the rising clean beauty trends. The photoprotective drugs market is segmented based on agent type, distribution channel and region.

The impact of COVID-19 on photoprotective drugs market has started to be felt. The breakout of this disease led to lockdowns across globe which has slowed down the growth of many markets. Photoprotective drugs market is no different. Additionally, the employees have beenasked to work from home which may have also affected the photoprotective drugs market. However, the market is expected to catch up and grow rapidly in the forecast years 2020-2030.

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Photoprotective Drugs Market: Drivers and Restraints

The rising demand for healthy and natural food along with supplement consumption on account of rising health issues is likely to drive the growth of the market. The prominence of carotenoids, which is a photoprotective agent is expected to boost the growth of the photoprotective drugs market. As carotenoids can prevent induction of DNA damage due to oxidative stress, lipid peroxidation, etc. that may lead to wrinkles and aging.

However, stringent approval norms and regulatory are expected to hinder product demand over the upcoming years.

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Photoprotective Drugs Market: Segmentation

Based on agent type
  • Carotenoids
  • Lycopene
  • Xanthophylls
  • Astaxanthin
Based on distribution channel
  • Hospital pharmacy
  • Retail pharmacy
  • Online pharmacy
Based on region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Based on distribution channel, the global photoprotective drugs market is segmented into hospital pharmacy, online pharmacy and retail pharmacy. The retail pharmacy is expected to continue to be the highest contributor of revenue in this segment. However, the growing demand of E- commerce will lead to significant growth in online pharmacy during the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology Matrix
  • Value Chain

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