Market Highlights:
The future holds many possibilities for new entrants and existing firms, according to industry analysts. A thorough overview of the worldwide acne treatment market is presented in the acne treatment market research study. Industry analysts have published a market research study on acne treatment that includes performance estimates, key player profiles, vulnerability assessments, growth prospects, and risks, as well as a comprehensive analysis of major companies in the acne treatment industry.
The global acne treatment market size is expected to register a CAGR of 5.03% during the forecast period and is expected to hit USD 5383.05 million by 2027.
A well-developed healthcare system and a large patient population, evolving habits and rising cosmetic spending, and rising demand are driving the global demand for acne treatment. An extensive analysis of current worldwide business climate and how it impacts the acne treatment market is offered in the acne treatment market study. The analysis report also provides recent events and factors that could either help the market growth in the region or have a bad influence on it.
A report added by Market Research Future (MRFR) on the global acne treatment market 2020 is concise of the forces that have aided market growth amid the COVID 19 outbreak. The report has been drafted with the objective of delving into the key trends prevailing in the global medical industry.
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Key Players:
Some of the key players operating in the acne treatment market are GlaxoSmithKline plc, Almirall, SAA, Galderma Laboratories, LP, F. Hoffman La Roche Ltd., Bausch Health Companies Inc., Leo Pharma A/S,Johnson & Johnson Services Inc, Teva Pharmaceutical Industries Ltd., Candela Corporation, and Vyne Therapeutics Inc.
Segment Analysis:
The Market Research Future report provides an all-inclusive segmental analysis of the global acne treatment market based on end users, treatment modality, treatment, and type.
By type, the global acne treatment market is segmented into post-surgical/wound acne, cystic acne, inflammatory acne, comedonal acne, and others. Of these, the inflammatory segment will lead the market during the forecast period.
By treatment, the global acne treatment market is segmented into therapeutic devices, medication, and others. The medication segment is again segmented into antibiotics, retinoid, and others. Retinoid is again segmented into tretinoin, adapalene, and others. Antibiotics are again segmented into clindamycin, erythromycin, and others. Therapeutic devices are again segmented into dermabradors, micro dermabrader lasers, and others. Of these, the medication segment will dominate the market during the forecast period.
By treatment modality, the global acne treatment market is segmented into injectable, topical, and oral.
By end users, the global acne treatment market is segmented into ambulatory surgical centers, pharmacies and drug stores, hospitals and clinics, and others.
Regional Framework:
On geographical terms, America leads the global acne treatment market. A well-developed healthcare sector and an enormous patient population are the foremost drivers for the acne treatment market growth. Changing lifestyle and rising cosmetic expenditure have boosted the growth of the acne treatment market within the region. Additionally, the incidence of developed economies like the U.S. and Canada fuels the acne treatment market growth largely.
Europe is in second place in the acne treatment market. The factors such as availability of funds for research, the increasing teenage population within the region, and the vast patient population are the foremost drivers for the market growth within the region. As per the Eurostat, in 2014, there were around 507 million inhabitants in the region. Amid this population, about 79 million were children aging up to 14 years.
The Asia Pacific also projects to be the fastest-growing region for the market in the future owing to the rising prevalence of acne as well as continuously developing economies like India and China within the region. Indian Journal of Pediatric Dermatology in 2017 claimed that regarding 200 million to 300 million people in India were predictable to endure from acne. Besides, a developing healthcare sector within the region also fuels the acne treatment market growth.
Key Findings of the Study:
- The global acne treatment market was valued at USD 5,383.05 million in 2019 and is expected to register a CAGR of 5.03 % during the forecast period of 2020 to 2027
- The Americas spearheaded the acne treatment market in 2019 and is likely to continue to command during the assessment period. This can be due to the high prevalence of acne and skin disorders, product launch, and technological advancement in this region
- The global acne treatment market, on the basis of acne type, has been segmented into moderate acne, mild acne, moderate to severe acne. Moderate acne is anticipated to be the largest segment accounting for 43.72% in 2019 and fastest-growing market
- Based on treatment, the global acne treatment market is segmented into medication, therapeutic devices. Themedication segment held the largest market share of 86.6%in 2019, whereas the therapeutic devices segment is expected toregistera CAGR of 4.52% during the forecast period of 2020 to 2027
- The global acne treatment market, on the basis of drug type, has been segmented into OTC and prescription. The OTC segment accounted for the largest market share in 2019 owing to high usage of OTC drugs mostly used by the population with mild acne
- The global acne treatment market, on the basis of end user, is segmented into hospitals & clinics and specialty centers. The hospitals & clinics segment accounted for the largest share of 55.42% in 2019
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