Acne Therapeutic Market Strategies and Statistics
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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