Acne Treatment Market Analysis:
Published by Market Research Future (MRFR), the global report on the acne treatment market size can find a CAGR of 5.3% over the forecast period of 2017 to 2023. Acne is a skin problem that occurs with the clogging of hair follicles or dead skin cells. Even repeated treatments, at times fail to cure the problem. It appears normally in areas where the presence of oil glands is quite high.
Several factors are expected to promote the global acne treatment market in the coming years. Among them, high research expenditure, cost-affordable prices, better branding & promotion, and hike in awareness are expected to score well. Also, the acne treatment market is leaning towards natural products, which can impact the global market in the coming years.
Acne refers to a skin condition that occurred due to the clogging of hair follicles with oil or dead skin cells. Although a common skin disorder mostly found in teenagers, Acne can be persistent even after treatments. Many novel medicines & therapies have been developed to treat the symptoms of Acne, which, in turn, are escalating the sales of acne treatment products and its market on the global platform.
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Considering the exponential traction, the market perceives currently; Market Research Future (MRFR), in its recently published study report asserts that the global acne treatment market will accrue colossally by 2023, posting approximately 5 % CAGR throughout the forecast period (2017 – 2023). The increasing prevalence of the acne and growing teenage population are two of the key driving forces that are pushing up the growth in the market.
Environmental changes such as depletion of ozone layers and pollution foster the market growth, predominantly increasing the occurrences of Acnes. Additionally, factors such as the increasing population and growing urbanization coupled with the spreading awareness towards the availability of treatments contribute to the market.
Simultaneously, improving economic conditions are providing impetus to the market growth, enabling access to the quality life and improving the quality of healthcare, worldwide. Moreover, substantial investments put in the R&D activities for the innovation & development of new medical devices, treatments & medicines foster the growth of the market, excellently.
On the flip side, factors such as the unmet medical needs, drug resistance, and the high treatment costs are impeding the growth of the market. Nevertheless, factors such as technological advancements are expected to support market growth, presenting more advanced and cost-effective treatments.
Acne Treatment Industry Major Players:
Key players leading the global acne treatment market include
- Galderma S.A. (Switzerland)
- Stiefel Laboratories Inc. (US)
- ALLERGAN (Republic of Ireland)
- Johnson & Johnson Services Inc. (US)
- GlaxoSmithKline Plc. (UK)
- Valeant (Canada)
- Bayer AG (Germany)
- Roche Holding AG (Switzerland)
- Teva Pharmaceutical Industries Ltd. (Israel)
Acne Treatment Market – Segmentations
Global acne treatment market, as reported by MRFR, can be segmented on the foundation of type, treatment, treatment modality, and end-users. Such an extensive research is loaded with detailed analysis of various factors that can impact the global market in the coming years.
By type, the acne treatment market includes cystic acne, post-surgical/wound acne, comedonal acne, inflammatory acne, and others. The inflammatory acne segment is gaining substantial boost.
By treatment, the acne treatment market includes therapeutic devices, medication, and others. The medication segment encompasses antibiotics, retinoid, and others. The retinoid segment holds tretinoin, adapalene, and others under its purview. The antibiotics segment encompasses clindamycin, erythromycin, and others. The therapeutic devices segment has microdermabrader, lasers, dermabradors, and others.
By treatment modality, the acne treatment market covers oral, topical, and injectable. The topical segment is all set to find better market penetration in the coming years.
By end-users, the acne treatment industry trends encompasses pharmacies & drug stores, hospitals & clinics, ambulatory surgical centers, and others. The pharmacies & drug stores segment is deemed to receive significant thrust from the regional market.
Global Acne Treatment Market – Regional Analysis
The North American region, heading with the huge number of patient population, dominates the global acne treatment market with the largest market share. Factors such as the favorable reimbursement scenario and high per capita healthcare expenditures substantiate the growth of the regional market. Moreover, factors such as the presence of many large players in the market and a well-developed healthcare sector impact the market growth, positively.
Furthermore, factors such as the adoption of sedentary lifestyle and increasing expenditures on cosmetics are supporting the market growth in the region. The US, backed by a wide uptake of new technologies accounts for the key contributor to the market growth in the region.
The acne treatment market in the European region accounts for the second-largest market, globally. The resurging economy in the region is undoubtedly playing a key role, acting as a headwind that pushes the market up. Besides, the availability of funds for research, a huge patient population, and the increasing teenage population within the region are some of the key driving forces behind the growth of the regional market. The European acne treatment market is expected to grow at a considerable CAGR.
The Asia Pacific acne treatment market is rapidly emerging as a profitable market, globally. Factors such as the vast advancements in technology and derma-science especially in rapidly emerging countries such as India and China are leading the acne treatment market in the region. Besides, factors such as the availability of low-cost medications for the treatment, increasing prevalence of acne, and fast-proliferating healthcare sector fosters the growth in the regional market.
On the other hand, owing to the presence of poor economies, stringent government policies and lack of health care services especially within the African region, the MEA market for acne treatment is expected to witness a sluggish growth during the forecast period – 2017 to 2023. While, the Middle Eastern countries such as Saudi Arabia, Dubai, Kuwait will provide a boost to the market growth attributing to the well-developed healthcare sector and the huge healthcare expenditure.
Global Acne Treatment Market – Competitive Analysis
Highly competitive, the acne treatment market appears to be widely expanded and fragmented characterized by several small and large-scale players. To gain a competitive edge and to sustain their position in the market, these players incorporate various strategic initiatives such as partnership, acquisition, collaboration, expansion, and product launch.
The structure of the market is changing due to the acquisition of local players by multinational companies. Because of the increasing competition in the market, multinational companies are using the strategy of acquisition, which increases the profit of the company while significantly reducing the competition.
Acne Treatment Industry/Innovation/ Related News:
February 14, 2019 — Rodan & Fields, LLC (North America), a manufacturer and multi-level marketing company specializing in skincare products launched its new game-changing Acne System, named Spotless. This all-new targeted system can treat two very different kinds of acne.
March 07, 2019 — Foamix Pharmaceuticals (the US), a leading global Pharmaceutical company announced that the FDA has accepted NDA for its acne treatment – FMX101. The FDA’s acceptance of its marketing application seeking approval for FMX101, a topical minocyline foam, for the treatment of non-nodular, moderate-to-severe inflammatory lesions of acne vulgaris in patients is due for the action by October 20, 2019.
August 04, 2018 – Enter Acropass (South Korea), a leading provider of Acne Removal Products and Skin Care Acne Treatment launched a new kind of at-home microneedle technology to treat skin breakouts.
The technology using small, circular strips, send tiny dissolvable pressure point needles that are made with hyaluronic acid and niacinamide, into the skin penetrating the surface to infuse faster-working anti-inflammatory agents and dramatically reduce the circumference and life of a spot.
August 03, 2018 – Researchers at pharmaceutical and skin-care company – Galderma S.A. (Switzerland) published their study of a new class of retinoids called trifarotene, which they claim could be more effective at topically treating acne with fewer side effects.
Ongoing clinical studies conducted on trifarotene cream have demonstrated the efficacy of the treatment on both the face and the body.
July 17, 2018 – Zydus Cadila (US), a pharmaceutical company announced receiving the final approval from the US health regulator to market Clindamycin Phosphate Topical Solution, used to treat acne. The company had already received approval from the US Food and Drug Administration (USFDA) to sell Clindamycin Phosphate products such as Topical Solution USP (Cleocin T), 1 percent. Clindamycin, an antibiotic is used to treat acne by stopping the growth of bacteria and it also helps to decrease the number of acne lesions
Browse the market data and information spread across 90 pages with 43 data tables and 40 figures of the report “Acne Treatment Market Research Report, Type (Inflammatory Acne, Cystic Acne, Post-Surgical/Wound Acne), Treatment (Medication, Therapeutic Devices), By Treatment Modality (Oral, Topical), End User (Hospitals & Clinics) – Global Forecast Till 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/acne-treatment-market-5675
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