Acne Medication Market 2019-2025
New Study Reports “Acne Medication 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025”.
Introduction / Market Overview:
Acne Medication Market Has a Chance of Growing with Increase in Disposal Income
This report provides in depth study of “Acne Medication Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Acne Medication Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Acne medications are drugs that are indicated for the treatment of acne. Acne is a common skin condition and affects a majority of the population over the world. Despite being a common skin condition, recent estimates indicate that acne medications contribute only a small amount to the overall skincare products market globally.
The global acne medication market has been on an upward trend in the past few years. The upward trend can be attributed to rising disposable income, the global prevalence rate of acne, and unhealthy eating habits, among other factors. The global market was valued at 4.92 billion US$ in 2018 and will reach 7.35 billion US$ by the end of 2025 and is expected to grow by a CAGR of 4.2 % in the forecast period. The attributes that hinder the fast growth of acne medication globally are the entry of generic medication, safety issues, and acceptance of anti-acne treatments.
Acne medications are drugs that are indicated for the treatment of acne.
Important Key Players Analysis: Daiichi Sankyo, BioPharmX, Medicis Pharmaceutical, Allergan, Galderma, Teva Pharmaceuticals, Johnson and Johnson, Bayer Healthcare, Valeant Pharmaceuticals and more.
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The in-depth study of the latest trends in the acne medication market provides a good understanding of the factors that may impact the market. This also provides an insight into the use of Artificial intelligence (AI) in acne treatment.
By type, inflammation contributes the largest to acne. The acne medication market primarily comprises of retinoids and retinoid-like drugs derived from Vitamin A containing tretinoin and adapalene. These are produced as creams, gels, and lotions. Retinoids accounted for the largest market share in 2018. Retinoid isotretinoin is a unique and potent acne medication for severe acne.
Antibiotic and combination antibiotic acne medications also have a substantial market share. Local drugstores and grocery or department stores are the major distribution channels of these medications.
By application, the market study for acne medication can be broadly classified into men and women. Women hold a higher market share of consuming acne medication. The usage trend among men is on an upward trend. Men are expected to be a substantial contributor to the acne medication market share in the coming years.
The regional analysis of the acne medication market includes North America, China, Europe, and the Asia Pacific for an in-depth analysis of the potentially superior market. North America and China have the highest reported use of acne medication. This is a result of the diverse lifestyle and the high level of disposable income among the masses. Other markets like Europe and the Asia Pacific are also expected to contribute to the market growth, though disease prevalence is relatively low in EU5 (France, Germany, Italy, Spain, UK).
Japan and India are the two main economies where the consumption of acne medication is predicted to increase. This is a result of increasing disease awareness, unmet clinical needs of patients, and rise in disposable income.
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A report in Part I and part II by the Dermatology Clinics states that doctors are increasingly scaling back to prescribing antibiotics as acne medication and are focusing on a combination of therapeutic methods and antibacterial medication like benzoyl peroxide.
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