Acne Treatment Market Size, Trends and Growth Analysis By Type (Inflammatory Acne, Cystic Acne, Post-Surgical/Wound Acne), Treatment (Medication, Therapeutic Devices), Treatment Modality (Oral, Topical), End User (Hospitals & Clinics) – Global Forecast Till 2023
Acne Treatment Market Analysis and Insights
Market Research Future (MRFR) expects the acne treatment market size to advance at an approximate rate of 5.3% from 2017 to 2023 (evaluation period). We will provide COVID-19 impact analysis with the acne treatment market report, along with all the extensive key developments in the industry post the coronavirus disease outbreak.
Over the years, acne has emerged as one of the most common skin or dermatological conditions, affecting over 9.4 million across the world. Abnormal production of hormones remains the key cause for the condition, while the surge in androgen levels due to puberty also boosts acne level. A few studies reveal that the chances of getting acne is considerably boosted by genetic causes, some factors including menstruation, emotional stress, humid and hot climate, and greasy cosmetic products are also responsible for the condition. The acne treatment market shows favorable growth prospects owing to the emergence of biologics, prevalence of unhealthy and inactive lifestyle, and the mounting number of highly skilled dermatologists.
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Acne is known to cause a lot of psychological burden, prompting the patient to go for professional assistance, which involves prescriptions that include either combination treatments or antibiotics. Apart from this, soaring preference for minimally or non-invasive cosmetic treatments also fosters revenue growth. Dermatologists are increasingly using topical applications instead of surgical techniques to treat skin conditions. Educated decision making, improving physician-patient relationships and the increase in well-documented processes are also encouraging people to explore treatments with regard to skin problems. Laser treatments have emerged as significant acne treatment market trends in recent years, as these are permanent solutions for any kind of skin issue, bring down the possibility of acne in the future.
With a few late-stage clinical trials observing failure, the acne treatment 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 acne treatment 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. To cite an instance, in September 2020, Alembic Pharmaceuticals launched Adapalene Gel USP 0.3%, a new topical retinoid gel that is therapeutically similar to Differin Gel 0.3% (Galderma). The gel primarily helps with the treatment of acne vulgaris and is set to be sold in the United States by the company.
Acne Treatment Market Segmentation
Acne treatment market has been considered in terms of type, treatment, treatment modality, and end users.
By types that acne treatment market includes in 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 acne treatment market end users are ambulatory surgical centers, pharmacies & drug stores, hospitals & clinics, and others.
Acne Treatment Market 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 2017 to 2023.
America has been noted as the clear winner in the global acne treatment 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 surge in cosmetic 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 acne treatment market size in the region.
Europe retains the second position in the global acne treatment 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.
Acne Treatment Market Competitors
Some of the leading competitors profiled in the acne treatment market 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.
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