Summary:
The global market for acne drugs was valued at $5.9 Billion in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of 5.7% to reach $7.9 billion by 2025. Growth of the global market is attributed the increasing number of cases of acne and skin diseases, unhealthy eating habits and the rising adoption of skin care products worldwide.
Increasing prevalence of the acne and growing teenage population are the active drivers of the acne drug growth during the forecast period. According to the Acne and Rosacea Society of Canada, in 2016, acne affected about 90%of the teens in Canada. Moreover, it was estimated that approximately 5 million people within the region have acne. Additionally, cosmetic expenditures and increasing awareness of the disease will boost the acne drugs market growth.
Treatment drugs for acne include OTC creams, ointments and cleansers which are cost-effective. As acne is a common problem globally, easily available acne drugs will boost market growth during the forecast period. Furthermore, growing awareness of anti-acne and skin care products will impact market positively.
OTC acne products to treat mild-to-moderate acne or severe acne include cleansing gels, lotions, foams and towelettes, leave-on products, and treatments or kits. Their presence will help to boost market growth.
The global acne drugs market is segmented by drug type, route of administration, distribution channel and region.
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Key Players
ALLERGAN
Bausch Health Companies Inc.
- HOFFMANN-LA ROCHE LTD.
GALDERMA
GLAXOSMITHKLINE PLC
MYLAN N.V.
Perrigo
PFIZER INC.
TEVA PHARMACEUTICAL INDUSTRIES LTD.
Report Scope:
This report offers a detailed picture of the acne drugs market. It highlights the current and future market potential for acne drugs and provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities and trends in the market. The report also covers market projections through 2025 as well as key market players.
This report details market shares for acne drugs based on drug type, route of administration, distribution channel and geography. Based on drug type, the market is segmented into retinoid, antibiotic, hormonal agent and others segments. Based on route of administration, the market is segmented into topical and oral. Based on distribution channel, the market segmented into prescription based and over the counter (OTC).
By geography, the market has been segmented into North and South America, Europe, Asia-Pacific, and the Middle East and Africa. Detailed analyses of major countries (the U.S., Canada, Germany, the U.K., France, Spain, Italy, Japan, China and India) are covered in regional segments. For market estimates, data have been provided for 2020 as the base year, with forecasts for 2020 through 2025. Estimated values are based on drugs manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
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Report Includes:
– 33 data tables and 21 additional tables
– An overview of the global acne drugs market
– Estimation of the market size and analyses of global market trends, with data from 2018 and 2019, estimated data for 2020, and projections of compound annual growth rates (CAGRs) through 2025
– Highlights of current and future market potential, market size, and market share analysis based on drug type, mode of administration, distribution channel and region
– Analysis of market trends and explanation of factors driving and restraining the growth of global acne drugs market
– Discussion on impact of coronavirus on the global economy and information on government expenditures on COVID-19
– Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships and other key market strategies and new product launches in the market
– Comprehensive company profiles of major players of the industry, including Allergan, Bausch Health, Galderma, GlaxoSmithKline PLC and Pfizer Inc.
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Table of Contents
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Economic Impact of COVID-19
Chapter 5 Market Dynamics
Chapter 6 Market Factor Analysis
Chapter 7 Market Breakdown by Drug Type
Chapter 8 Market Breakdown by Route of Administration
Chapter 9 Market Breakdown by Distribution Channel
Chapter 10 Market Breakdown by Region
Chapter 12 Company Profiles
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