Acne Medication Market: Adoption of a Multi-disciplinary Approach will Drive the Rapid Evolution of the Market 2028 | Galderma Laboratories, L.P, Reckitt Benckiser Group PLC., Bausch Health Companies Inc

Over the course of the projection period, prominent market participants are anticipated to increasingly utilise inorganic development tactics including partnerships and collaborations. For instance, the global pharmaceutical business Sun Pharmaceutical Industries said in June 2022 that it has increased its collaboration with the speciality pharmaceutical firm Cassiopea for the Winlevi cream, which is intended to treat acne vulgaris in individuals 12 years of age and older. As part of the agreement, Cassiopea will provide Sun Pharmaceutical Industries the rights to create and market Winlevi in Japan, Australia, New Zealand, Brazil, Mexico, and Russia.

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Impact

The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 epidemic and lockdowns in several nations throughout the world. The COVID-19 pandemic had an effect on the whole healthcare supply chain, particularly as a result of enforced lockdown in some areas. One area where the COVID-19 epidemic has had a big influence is private healthcare.

Due to the suspension of hospital visits as a result of lockdown, the COVID-19 pandemic had a detrimental economic effect on the global market for acne medications. For instance, a study was conducted in December 2020 at the dermatology clinics at King Abdullah University Hospital (KAUH), Jordan University of Science and Technology, Irbid, Jordan, to examine the effects of the COVID-19 pandemic on the continuity of care for dermatologic patients receiving systemic therapy during the period of strict lockdown, according to a cross-sectional questionnaire-based study published by ScienceDirect (mid-march 2020 till first week of June 2020). Patients being monitored in outpatient dermatology and using frequent systemic drugs, such as methotrexate, cyclosporine, oral retinoids, and others, were included in the research.

The survey found that 80.5% of patients were unable to visit hospitals when they were under lockdown since there were no out-patient clinics open at that time. However, the majority of patients (79.2%) were still able to get systemic medication during the lockdown.

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Therefore, the COVID-19 pandemic had a detrimental influence on hospital visits and the diagnosis of acne, but it had little to no effect on patients’ systemic therapy with drugs.

Moreover, throughout the course of the projection period, regulatory authorities are anticipated to approve a rising number of acne medication products for major players. For instance, the U.S. Food and Drug Administration authorised Zydus Lifesciences Limited, a global pharmaceutical firm, to commercialise topical gels containing 0.3% and 2.5% of benzoyl peroxide and adapalene in June 2022. Adapalene, a retinoid, and benzoyl peroxide, an antibiotic and skin-peeling agent, are used in combination to lessen the frequency and severity of acne breakouts.

Key Takeaways

The rising use of inorganic development tactics, such as acquisitions by the main market players, is likely to fuel the market expansion during the forecast period, and the worldwide market for acne medications is predicted to reflect a CAGR of 3.4% during that time. For instance, the international pharmaceutical and healthcare corporation Sanofi bought the biotechnology firm ORIGIMM Biotechnology GmbH in December 2021. With this purchase, Sanofi expanded its portfolio of early-stage products to include ORI-001, a therapeutic vaccine candidate for acne vulgaris based on recombinant proteins.

Due to the widespread usage of OTC medications for the treatment of acne, the OTC sector is anticipated to dominate the market growth in 2022. The most often utilised OTC drugs are benzoyl peroxide and cleaning products. Additionally, many attempt over-the-counter medications for acne therapy, and if they are ineffective, they contact a dermatologist for prescription acne meds.

Due to the increasing demand for OTC medications for the treatment of acne, the retail sector is anticipated to dominate market growth among distribution channels throughout the course of the projected period. Benzoyl peroxide, adapalene, salicylic acid, azelaic acid, and other OTC medications are used to treat acne.

Allergan, GALDERMA LABORATORIES, Teva Pharmaceutical Industries Ltd., Pfizer Inc., L.P., Sun Pharmaceutical Industries, Inc., Reckitt Benckiser Group PLC, Mylan N.V., Valeant Pharmaceuticals, Bayer AG, Bausch Health Companies Inc., GlaxoSmithKline, and Almirall, S.A., are major players in the global market for acne medications.

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