The acne treatment market refers to the industry involved in the development, production, and distribution of medications and products used to treat acne. Acne is a common skin condition that can affect people of all ages and is caused by the overproduction of oil in the skin, clogged pores, and the presence of bacteria. The market for acne treatment has seen significant growth in recent years due to the increasing prevalence of acne, the growing awareness of the impact of acne on mental health, and advancements in technology. The acne treatment market is highly competitive, with several key players dominating the market. The global acne treatment market is expected to continue to grow in the coming years, driven by the increasing demand for effective acne treatment options, the rise in healthcare expenditure, and the growing adoption of topical and oral medications for acne treatment. Additionally, the development of novel acne treatments and the increasing prevalence of hormonal acne in adults are expected to further drive market growth in the near future.
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As per Persistence Market Research’s latest revised industry analysis, the global acne treatment market was valued at over US$ 5.8 Bn in 2020, and is expected to exhibit a CAGR of close to 6% over the forecast period (2021-2031)
In the United States, acne affects approximately 50 million people annually. Increasing rate of skin diseases is one of the major factors boosting market growth globally. Acne is most commonly observed among teenagers, but can also be observed in people across all age groups.
According to the American Academy of Dermatology Association, over 85% of the population between the ages 12 and 24 have suffered from minor acne at least once or twice, and this may continue into individuals in their ‘30s and ‘40s
Key Takeaways from Acne Treatment Market Study
- By treatment, retinoid therapy to hold around 40% market value share, globally, primarily due to its effectiveness in controlling the spread of acne as compared to other products and reducing the formation of acne scars.
- Based on route of administration, the topical route of administration is leading with over 60% of market share. Ease of application and greater availability of lotions, creams, and gels are positively driving demand for topical products.
- Inflammatory acne is estimated to dominate the market by type. This segment accounted for approximately 53% share of the market. Significant scarring and pain associated with this type of acne is a key factor driving the segment.
- Institutional sales dominate acne treatment with a market share of 52%. Growing number of dermatology clinics and rising preference toward office-based acne treatment procedures to achieve faster results have created a positive impact on the growth of the market.
- By region, North America is set dominate the global acne treatment market with a value share of around 44%.
- Europe is slated to be the second-largest leading region with a value share of 20% during the forecast period.
“Growing prevalence of acne, preference toward use of combination treatments, and new product launches & approvals are expected to drive market growth over the coming years,” says an analyst of Persistence Market Research.
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New product launches and approvals, agreements, collaborations, and partnerships have emerged as the key growth strategy adopted by industry players. By focusing on these strategies, key stakeholders are expanding their geographic footprints and strengthening their existing product portfolios.
In January 2021, Eligo Biosciences SA and GlaxoSmithKline PLC entered into a research collaboration to develop gene therapies to treat or prevent the growth of normal acne.
In February 2020, Almirall S.A. entered into a licensing agreement with Paratek Pharmaceuticals, Inc. to expand Almirall’s Seysara in the market in China.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the acne Treatment market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.
The research study is based on the product (therapeutic treatment [antibiotics, retinoid therapy, hormonal drugs, anti-inflammatory drugs, and chemical peels] and devices [laser devices and radio frequency therapy]), route of administration (topical and oral), acne type (inflammatory and non-Inflammatory acne), distribution channel (institutional sales [hospitals and speciality clinics) and retail sales [retail pharmacies, drug stores, and online sales]), across seven key regions of the world.
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Key Questions Answered in This Report.
- What are the Roadblocks for Acne Treatment Market Suppliers?
- What are the Key Opportunities for Acne Treatment Market Manufacturers?
- How is Focus on Safety Influencing Acne Treatment Market Demand?
- What is the Regulatory Impact on Global Sales of Acne Treatment Market?
- Which Region Offers the Largest Opportunity for Sales of Acne Treatment Market?
- Where Does the U.S. Stand in the Market for Acne Treatment Market?
- What Is the Outlook for Acne Treatment Market Manufacturers in China?
- Why is Germany a Lucrative Market for Acne Treatment Market Manufacturers?
- Why Will Belgium Outpace Other European Markets for Acne Treatment Market?
- Why is There High Demand for Tires in Acne Treatment Market?
- Why are Sales of Acne Treatment Market Surging?
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