Acne Treatment Market Information by Acne Type (Moderate, Mild, Moderate to Severe), Treatment (Medication, Therapeutic Devices), Drug Type (OTC, Prescription), Route of Administration (Topical, Oral, Injectable), End User (Hospitals & Clinics, Specialty Centers) and Region (Americas, Europe, Asia-Pacific, and Rest of the World) – Forecast till 2030
The acne treatment market was valued at USD 9.05 billion in 2019 and expected to reach USD 13.1 billion by 2030 at 4.63% CAGR during the forecast period of 2022 to 2030.Acne treatment involves the administration of several forms of medications and ointments to lighten the tone of affected areas. A balanced diet is also considered a key factor for acne treatment, and this factor has played a major role in the market growth of the acne treatment. Acne treatment involves the administration of numerous forms of medications and ointments to lighten the tone of affected areas. A balanced diet is also considered an important factor for acne treatment, and this factor has played a main role in the growth of the acne treatment market. Moreover, the increasing need for improved medications for acne treatment has brought in voluminous investments in the market.
The acne medication market is impacted by the epidemic as most countries adopted lockdowns to combat the pandemic. This epidemic has disrupted growth in many economies across several domains. The COVID-19 epidemic has stressed healthcare systems worldwide and many dermatology clinics are no longer open for public services, owing to safety. Numerous hospitals and clinics have been transformed into COVID-19 centers using pandemic-designated hospital structures for the treatment and isolation of patients with a COVID-19 infection. Furthermore, due to the lockdown, many patients are not able to visit dermatology clinics and pharmacies to pick up prescriptions. In this epidemic situation factors such as telemedicine has become an appropriate and effective way to propose necessary dermatological services to patients with acne.
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Market Segmentation
The Global Acne Treatment Market has been segmented into the Product, Route of Administration, Age group, and Distribution channel.
Based on Product, The Global Acne Treatment Market has been segmented into retinoids, antibiotics, isotretinoin, and others. The antibiotics segment held a dominant share of the market. This is attributable to the increasing approval of antibiotics for acne treatment, along with their high efficacy in exudate management. Thus, antibiotics dominated the global market and are observed as the highest shareowner regarding worth.
Based on the Route of Administration, The Global Acne Treatment Market has been segmented into topical and oral. The topical segment is estimated to dominate the market across the forecast period. The global market growth is attributable to the growing number of companies manufacturing topical solutions for acne treatment. This is attributed to the patient population’s sorrow from the condition, which is mainly intrigued by topical solutions as these products are easily obtainable and comfortable.
Based on Age Group, The Global market of Acne Treatment has been segmented into 10 to 17, 18 to 44, 45 to 64, and 65 and above as per age group. The 18 to 44 segment is anticipated to have a dominant share in the market during the forecast period. The dominance is due to an upsurge in the patient population of this particular age group.
Based on Distribution Channel, The Global Acne Treatment Market has been segmented into retail & online pharmacies and hospital pharmacies. The retail & online pharmacies segment is anticipated to witness a lucrative growth rate during the forecast period. This is due to the growing number of online portals and websites commercializing acne treatment products such as Walmart, Amazon, and numerous others. Moreover, the rising demand for OTC drugs will strongly support the growth of this segment
Regional Analysis
North America led the market in 2021. The region’s dominance is attributable to the growing prevalence of acne across the region and the increasing concerns related to beauty among the population. Thus, major players are presenting new drugs in the North American market
Europe will account for the second utmost prominent shareholder due to the growing patient pool in the region, strong investment in R&D for the drugs cast-off for the treatment of dermatology conditions by the major companies, and augmented adoption of advanced treatment products.
Asia Pacific is projected to register the highest CAGR due to increasing awareness among the population about several drugs combined with the growing number of companies entering the Asia market.
Browse In-depth Market Research Report (153 Pages) on Acne Treatment: https://www.marketresearchfuture.com/reports/acne-treatment-market-5675
Key Players
Some of the key market players are Leo Pharma A/S, Johnson & Johnson Services Inc, Teva Pharmaceutical Industries Ltd, Candela Corporation, Vyne Therapeutics Inc., GlaxoSmithKline plc., Almirall S.A., Galderma Laboratories, Hoffman La Roche Ltd, and Bausch Health Companies Inc
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