Acne medications have gained a substantial market share in the recent years, due to high prevalence of acne vulgaris and high preferences for skin care products. Improved features of acne drugs and development of safer acne therapeutics have led to widening of applications of these medications for the treatment of acne, which have further supplemented the market growth. Furthermore, increase in strategic developments by key players is anticipated to fuel the market growth in the near future.
According to the report, the Global Acne Medication Market accounted for $8.07 billion in 2017 and is expected to reach $10.93 billion by 2025, registering a CAGR of 3.9% during the period from 2018 to 2025.
Increase in prevalence of acne diseases, unhealthy urban lifestyle, and surge in focus on skin care products are the major drivers of the global acne medication market. However, side effects associated with acne medications and presence of alternatives for acne treatment hamper the market growth. On the contrary, untapped potential in the emerging economies and rapid development of therapeutics with lesser side effects are expected to create lucrative opportunities in the near future.
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The global acne medication market is divided into therapeutic class, formulation, type, acne type, and distribution channel. On the basis of therapeutic class, the market is segmented into retinoids, antibiotics, salicylic acid, benzoyl peroxide, and others. The antibiotics segment held nearly one-fourth share of the total market in 2017.
Based on formulation, the market is segmented into topical medications and oral medications. The utilization rate of topical medications for acne treatment is the highest in the market, owing to high availability of such products with high success rate and lesser side effects. However, the oral medication segment is expected to manifest growth at a CAGR of 3.6% during the study period.
Based on type, the market is bifurcated into prescription medicines and over-the-counter medicines. The over-the-counter medicine segment is projected to grow at a CAGR of 2.9% through 2025. On the basis of acne type, the market is divided into non-inflammatory acne and inflammatory acne. The non-inflammatory acne segment held about two-fifths of the global market revenue in 2017. Based on distribution channel, the market is divided into grocery stores, pharmacies & drug stores, and e-commerce.
On the basis of geography, the market is divided into North America, Europe, Asia-Pacific, and LAMEA. Europe contributed about one-fourth of the total market in 2017. However, LAMEA is expected to offer profitable market growth opportunities, registering a CAGR of 4.5% during the forecast period. The North America region held the largest market share in 2017 and is expected to maintain its dominance throughout the study period, owing to early approval of acne medication products and high adoption of prescription medicines. However, Asia-Pacific region is projected to manifest the fastest CAGR of 5.6% during the study period, owing to increase in affordability, increase in healthcare expenditure, and surge in awareness toward safe acne medications products.
The report includes an analysis of the major market players including
- Allergan Plc.
- Johnson & Johnson
- Mylan N.V.
- GlaxoSmithKline Plc (Stiefel Laboratories Inc.)
- Teva Pharmaceutical Industries Ltd.
- Nestle S.A. (Galderma S.A.)
- Mayne Pharma Group Limited
- Pfizer Inc.
- Sun Pharmaceutical Industries Limited
- Valeant Pharmaceuticals International Inc.
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