Acne treatment market players and analysis by acne type, treatment, drug type route of administration, end user and region- forecast till 2030. Market Research Future (MRFR) expects the acne treatment market 2023 to advance at an approximate rate of 4.63% from 2022 to 2030. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Market Drivers and Restraints
With over 9.4 million sufferers worldwide, acne has become one of the most prevalent dermatological or skin problems over time. The primary cause of the problem is still abnormal hormone production, and puberty's spike in androgen levels also makes acne more severe. A few studies show that genetic factors significantly increase the likelihood of developing acne. Menstruation, emotional stress, hot, humid climates, and greasy cosmetics are some causes of the problem. Due to the development of biologics, the prevalence of unhealthy and sedentary lifestyles, and the rising number of highly qualified dermatologists, the market for acne therapy has excellent growth prospects.
Acne is known to generate a lot of psychological stress, which leads the sufferer to seek expert help and receive prescriptions for antibiotics or combo therapies. In addition, rising demand for minimally invasive or non-invasive aesthetic procedures encourages revenue development. Dermatologists are treating skin diseases more frequently with topical medications than with surgical methods. People are more likely to choose treatments for skin issues as a result of informed decision-making, improved doctor-patient relationships, and an increase in processes that are well-documented. Since laser treatments are long-term fixes for all skin problems, they reduce the likelihood of acne market in the future. Laser therapies have become key market for acne treatment market trends in recent years.
With a few late-stage clinical trials observing failure, the market growth is bound to slow down a couple of notches in the coming years. But, the surge in cosmetic expenditures along with the expanding knowledge about the triggers that cause acne could ensure smooth progress for the global market. Other than this, top companies are striving to expand their existing portfolio and are launching new anti-acne products in the market, to boost sales and also elevate their business positions.
Acne Treatment Market Players
Some of the leading industry competitors profiled in the MRFR study include Roche Holding AG (Switzerland), Bayer AG (Germany), Valeant (Canada), Galderma S.A. (Switzerland), ALLERGAN (Republic of Ireland), Stiefel Laboratories, Inc. (U.S.), GlaxoSmithKline Plc. (U.K), Teva Pharmaceutical Industries Ltd. (Israel), Johnson Johnson Services, Inc. (U.S.), and more.
Market Segmentation
The Acne treatment market has been considered in terms of type, treatment, treatment modality, and end users.
The acne types that require treatment include inflammatory acne, comedonal acne, post-surgical/wound acne, cystic acne, and more.
The key treatments available are therapeutic devices, medication, and others.
Treatment modality-based segments are topical, oral and injectable.
Some of the top market end users are ambulatory surgical centers, pharmacies drug stores, hospitals clinics, and others.
Regional Outlook
Middle East and Africa or MEA and Europe along with America and APAC/Asia Pacific are the main regions where acne treatment industry growth can be expected from 2023 to 2030.
America has been noted as the clear winner in the global market, backed by the highly developed healthcare industry and the extensive patient pool in the region. The high disposable income of the mass enables them to go for advanced acne treatments, while the evolving lifestyle and cosmetic surgery expenditure also induce major business growth. Presence of extremely developed nations such as the US and Canada and the rising use of injectables by dermatologists in light of the emergence of biologics also enhance the market size in the region.
Europe retains the second position in the global market, thanks to the significant funds that are allocated for researches and the massive patient population in the region. The burgeoning teenage population in the region also bolsters the acne treatment market size, since this demography is prone to skin related issues in the wake of puberty and other hormonal issues.
The acne treatment industry growth in Asia Pacific is expected to be at the fastest rate, as a rising number of individuals in the region are becoming aware about the triggers that cause acne and are rapidly adopting ways to prevent their occurrence and recurrence. The healthcare fraternity in the region is growing serious with regard to treatment of skin infections, be it minor or major, which bolsters the growth scope of the regional market. Masses in India, Japan and China are increasingly buying high-end anti-acne products, in the wake of surging beauty standards due to offline and online campaigns and increase in advertisements as well as marketing by top brands.
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