Acne Treatment Market Overview
The common occurrence of acne has become a major complication in an age where being presentable at all times is regarded as an important responsibility for various reasons. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The market is set to advance with an approximate 5.3% CAGR in the forecast period.
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The occurrence of acne is controlled by bodily and environmental factors that influence the appearance of acne, its severity, and persistence, thus the use of drugs in acne breakouts is considered vital leading to a rise in acne treatment market demand. The presence of several players in the markets offers diverse options to consumers who can choose the product that best addresses their needs and this is likely to bolster the acne treatment market companies as well in the future.
Acne Treatment Market Segmental Analysis
The segmental evaluation of the acne treatment market is carried out on the basis of treatment, type, treatment modality, end-users and regions. The end-users segment of the acne treatment market consists of ambulatory surgical centers, hospitals & clinics, pharmacies, and drug stores. The type segment of the acne treatment market is segmented into post-surgical/wound acne, inflammatory acne, comedonal acne, cystic acne, and others. The treatment segment in the acne treatment market consists of therapeutic devices, medication, and others. The treatment modality segment of the acne treatment market consists of topical, injectable, and oral. The regional segment of the acne treatment market comprises of Americas, Asia Pacific, Europe, and other prominent regional markets.
Acne Treatment Market Regional Analysis
The regional study of the acne treatment market comprises of Americas, Asia Pacific, Europe, and other prominent regional markets. The Americas acne treatment market directs the global market in the forecast period. A refined healthcare sector and an enormous patient population are the crucial drivers for the acne treatment market development within the acne treatment market. Furthermore, varying lifestyles and growing cosmetic spending have improved the progress of the acne treatment market in the region. Europe is the next key region in the acne treatment market and is shadowed by the regional market of Asia Pacific. The factors such as accessibility to resources for research, an enormous patient population, and a growing teenage population in the region are the key drivers for the European region’s progress. The Asia Pacific acne treatment market is anticipated to be the swiftest growing region due to the cumulative occurrence of acne, and continuously evolving economies like India and China in the region.
Acne Treatment Market Competitive Analysis
The role of governmental bodies in facilitating the development of the market is estimated to be vital through the grant of special incentives to attract global titans to certain regions and contribute to the development of the market in the forecast period. The improvement in core industries performance on a global scale is estimated to fast track the development of the worldwide market in the upcoming period. The overall development prospects of the market players are estimated to improve steadily with the effect of the COVID-19 pandemic reducing. Furthermore, the presence of better trade relations between several nations is estimated to offer more options for growth in the upcoming period. The optimism about COVID-19 related treatment methods such as the vaccines being rolled out in various regions is estimated to further improve the overall sentiment in the market. The entry of global players in key developing regional markets is predicted to have a favorable effect that will ripple into other areas of the market as well.
The important companies in the acne treatment market are Johnson & Johnson Services, Inc. (U.S.), Galderma S.A. (Switzerland), Stiefel Laboratories, Inc. (U.S.), Valeant (Canada), Teva Pharmaceutical Industries Ltd. (Israel), Bayer AG (Germany), ALLERGAN (Republic of Ireland), Roche Holding AG (Switzerland), and GlaxoSmithKline Plc. (U.K).
Acne Treatment Industry Updates:
Feb 2021 Glenmark Pharma, a major drug company declared it has accepted a final endorsement from the US health regulator for Clindamycin Phosphate Gel, consumed to heal acne. The official product is a generic version of Cleocin T Gel, 1 percent, of Pharmacia & Upjohn. Glenmark Pharmaceuticals has obtained definitive approval by the United States Food and Drug Administration (USFDA) for Clindamycin Phosphate Gel USP, 1%.
Aug 2020 Cassiopea declared that the United States Food and Drug Administration (FDA) permitted Winlevi (clascoterone cream 1%) for the medication of acne in patients 12 years and older. The last FDA approval of acne medication with a novel mechanism of action (MOA) happened nearly 40 years ago.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
…TOC Continued
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