Acne Medication Market
The skin disease known as acne develops when oil and dead skin cells clog the hair follicles. Whiteheads, pimples, and blackheads are the results. Although it may afflict anybody at any age, acne is most prevalent among teens. Despite their being effective treatments for acne, it can still persist. Depending on the severity of the acne, it may not only cause mental suffering but also leave physical scars. The risk that such issues may occur is decreased the sooner one begins therapy. Excessive sebum production, blocked hair follicles from oil and dead skin cells, bacteria, and inflammation are the four basic causes of acne.
The market for acne medications is anticipated to reach a value of US$ 10,382.4 million in 2022 and grow at a CAGR of 3.4% during the following five years (2022–2030).
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Drive Growth
Over the course of the projected period, the market is anticipated to rise due to the rising prevalence of acne. For instance, the American Academy of Dermatology Association’s research indicates that in 2021, acne will continue to be the most prevalent skin problem in the country, affecting almost 50 million Americans each year.
Market Growth
The leading market participants are concentrating on releasing new acne medications, which is anticipated to propel market growth throughout the forecast period. For instance, in July 2022, Glenmark Pharmaceuticals, a large pharmaceutical company, introduced the first topical Minocycline 4% Gel for the treatment of moderate to severe acne in India under the trade name MINYM. This product is a powerful antibacterial gel that also has a strong anti-inflammatory effect.
Impact
The illness has spread to over 100 nations since the COVID-19 viral epidemic in December 2019, and on January 30, 2020, the World Health Organization proclaimed it to be a public health emergency.
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Three key ways that COVID-19 might effect the economy include directly impacting production and demand, disrupting distribution routes, and having an economic impact on businesses and financial markets. Several nations, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, are having trouble moving goods from one location to another as a result of widespread lockdowns.
Due to the decreased demand for acne treatments internationally, the COVID-19 pandemic had a negative economic influence on the market for global acne medications. Additionally, there was a disruption in the drug supply chains, which had a detrimental effect on the market for acne medications.
Market Restraint
The main issue impeding the growth of the worldwide market for acne medications is the adverse effects of acne treatment. For instance, skin dryness and irritation are the most frequent adverse effects of topical acne treatments. While other adverse effects of acne medications include skin that is dry, flaking, or peeling, skin that is tingling or irritating, skin that is red, an upset stomach, dizziness, and lightheadedness.
Key Players
Allergan, GALDERMA LABORATORIES, L.P., Teva Pharmaceutical Industries Ltd., Reckitt Benckiser Group PLC, Pfizer Inc., Valeant Pharmaceuticals, Sun Pharmaceutical Industries, Inc., Bayer AG, Mylan N.V., GlaxoSmithKline, Bausch Health Companies Inc., and Almirall, S.A., are major players in the global market for acne medications.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Formulation
- Market Snapshot, By Product Type
- Market Snapshot, By Type
- Market Snapshot, By Acne Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Pipeline Analysis
- Regulatory Scenario
- PEST Analysis
- Epidemiology
- Product Launch/Approvals
- Market Dynamics
- Global Acne Medication Market- Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- COVID-19 Epidemiology
- Demand and Supply Analysis
- Global Acne Medication Market, By Formulation, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Topical
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Oral
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Parenteral
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Acne Medication Market, By Product Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Retinoids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Antibiotics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Salicylic Acid
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Benzoyl Peroxide
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Azelaic Acid
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Anti-androgen Agents
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Dapsone
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Acne Medication Market, By Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Prescription
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- OTC
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Acne Medication Market, By Acne Type, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Inflammatory Acne
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Non-Inflammatory Acne
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- Global Acne Medication Market, By Distribution Channel, 2017 – 2030, (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Hospital Pharmacies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Retail Pharmacies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Online Pharmacies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
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