Acne Therapeutics
Market Size and Growth Rate:
The global acne therapeutics market was valued at USD 4.1
billion in 2017 and is anticipated to reach USD 5.9 billion by 2025
registering a CAGR of nearly 4.23% during the forecast period, 2019-2025
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Acne Therapeutics
Market Overview:
Acne is a chronic inflammatory skin disease that is known to
commonly affect the adolescent and adult populations worldwide. The crucial
factors driving the growth of the acne therapeutics market are growing
sedentary lifestyles and unwholesome lifestyles, the rise in disposable income
of consumers, increasing awareness about future trends in acne treatments, and
high prevalence of acne, globally.
Acne Therapeutics
Market Growth Drivers and Restraints:
Despite being one of the most common dermatological diseases
in the world, revolutionary medicines in this market has been rather incomplete
over the past decade. 20% of the population have some form of acne that is
bad enough to damage the skin. Therefore, there has been an increasing
acceptance of acne cure products, which helps in driving the complete market.
Rise in prevalence of acne vulgaris, availability of many
OTC products, increase in research and development activities in advanced
therapy areas, rush in the per capita spending on aesthetics, strong marketing
& advertising campaigns, rich channel of molecules, regulations &
guidelines for acne treatment, and favourable reimbursement scenario are
expected to drive the global acne therapeutics market in the next few years.
In addition, rapid economic growth has also led to a considerable
increase in the disposable incomes of middle-class people. With this growing
income, people are ready to spend more on their facial looks. Thus, the market
for acne therapeutics is projected to grow quickly over the forecast period.
Acne Therapeutics
Market Geographical Segmentation:
The United States of America held the main revenue share
amongst the seven major markets of North America, Europe, Asia Pacific, Latin
America, South America, Middle East and Africa, for acne treatment in 2017. It
is likely that this regional market will witness steady growth over the coming
years, holding its lead through 2025. Growth will be together driven by
lifestyle changes, rising disease incidence, and easy accessibility of
products. It is expected that Japan will observe the fastest growth among the
major markets due to increasing disease consciousness, high unmet clinical
needs of patients, and mounting disposable income.
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Key players of the
Acne Therapeutics Market:
The crucial players of this market include Allergan Plc.,
Nestle S.A. (Galderma S.A.), Johnson & Johnson, Mayne Pharma Group Limited,
Pfizer Inc., GlaxoSmithKline Plc (Stiefel Laboratories Inc.), Sun Pharmaceutical
Industries Limited, Mylan N.V.,Teva Pharmaceutical Industries Ltd., and Valeant
Pharmaceuticals International, Inc.
Acne Therapeutics
Market Segmentation:
By Treatment:
·
Therapeutics
·
Retinoid
·
Antibiotics
·
Hormonal Agents
·
Combination Medications
·
Anti-Inflammatory
By Route of
Administration:
·
Oral
·
Topical
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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