Acne Treatment Market Overview
The acne treatment market is expected to register a CAGR of 4.60% during the forecast period (2020 to 2027). Factors such as the increased prevalence of acne vulgaris in adolescents and adults, the rise in sedentary lifestyles and bad eating habits, and the growing need for less invasive cosmetic treatment techniques have fuelled demand and accelerated acne treatment market expansion. A balanced diet is also a critical component of acne treatment, and it has contributed significantly to the expansion of the acne treatment industry. Additionally, the growing need for improved acne treatments has resulted in significant investment in the acne treatment business. Demand for minimally invasive cosmetic treatment methods is expanding rapidly on a global scale. Dermatologists prefer to treat skin conditions with topical medications or minimally invasive techniques over surgical procedures. This element has also acted as a catalyst for the global acne treatment market during the review period.
However, concerns about the safety of the medications used to treat acne are impeding market expansion. At the moment, COVID-19’s rapid spread is having a pervasive effect across multiple industries and markets. COVID-19 has compelled healthcare organisations to adopt non-traditional business structures. The changing needs have emphasised the critical nature of quick progress in the research and manufacture of a variety of medical supplies that are critical during times of crisis.
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Acne Treatment Market Segmental Analysis
The acne treatment market has been divided based on acne type, treatment, drug type, route of administration, and end user.
On the basis of acne type, has been segmented into moderate acne, mild acne, moderate to severe acne.
The acne treatment market is categorised by type of treatment into pharmaceutical and therapeutic devices.
The acne treatment market is categorised into laser treatment and microdermabrasion.
The acne treatment market has been split by drug type into OTC and prescription.
On the basis of end user, the acne treatment market is split into hospitals & clinics and specialised centres.
Acne Treatment Market Regional Overview
According to region, the worldwide acne treatment market has been segmented into the Americas, Europe, Asia-Pacific, and Middle East & Africa.
Americas dominated the acne treatment market in 2019 and is expected to do so throughout the research period. This is due to the high prevalence of acne and skin diseases in this region, as well as product launches and technical innovation. The US’s significant contribution to the Americas acne treatment industry is expected to fuel regional market expansion.
Europe was the second-largest market for acne treatment in 2019 due to companies’ organic growth plans and a robust medical industry in the region. The region’s key players are concentrating their efforts on novel product development and launch, which is supporting the growth of the acne treatment market.
Asia-Pacific is expected to develop at the fastest rate between 2020 and 2027. This is because of the high prevalence of acne, greater government initiative, and the existence of numerous pharmaceutical businesses. Numerous government measures aimed at bolstering the healthcare system are also contributing to the area market’s growth. Additionally, rising disposable income of middle-class households, which account for a major portion of Asia’s population, leads in increased health expenditure, which drives the region’s acne treatment market growth.
The acne treatment market in the Middle East and Africa has been expanding significantly over the last few years. The increasing prevalence of acne and funding by private businesses and government entities are the primary drivers driving this market’s expansion.
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Acne Treatment Market Competitive Dynamics
The notable players of the market are GlaxoSmithKline plc (UK), Almirall, S.A. (Spain), Galderma Laboratories LP (US), F. Hoffman La Roche Ltd. (Switzerland), Bausch Health Companies Inc. (Canada), Leo Pharma A/S (Denmark), Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd. (Israel), Candela Corporation (US), and Vyne Therapeutics Inc. (US).
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