Acne Treatment Market Dynamics and Forecast to 2023
Acne Treatment Market Overview:
Several factors are expected to promote the global acne treatment market in the coming years. Among them, high research expenditure, cost-affordable prices, better branding & promotion, and hike in awareness are expected to score well. Also, the acne treatment market is leaning towards natural products, which can impact the global market in the coming years.
Published by Market Research Future (MRFR), the global report on the Acne Treatment Market Analysis can find a CAGR of 5.3% over the forecast period of 2017 to 2023. Acne is a skin problem that occurs with the clogging of hair follicles or dead skin cells. Even repeated treatments, at times fail to cure the problem. It appears normally in areas where the presence of oil glands is quite high.
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Numerous factors are adding to the global acne treatment market growth. These factors, according to the recent Market Research Future report, include a growing teenage population, rising prevalence of acne, increasing health consciousness, and also consciousness about the overall appearance. Additional factors adding to the global acne treatment market growth include increasing intake of high fatty dairy products and high sugar foods, no physical activity, consumption
of fatty food, smoking and drinking habits, sedentary habits, rising incidence of hormone imbalance, increase in personal income, and FDA-approvals for acne treatment. On the contrary, acute reactions and side effects from non-prescription products and the high price
of therapeutic procedures such as dermabrasion, microdermabrasion, and others are factors that may impede the global acne treatment market growth during the forecast period. clinics. The growing influence of media is another driver of the acne treatment market.
Acne Treatment Market Competitive Landscape:
- Stiefel Laboratories Inc
- Valeant
- Johnson & Johnson Services Inc
- Galderma S.A
- Bayer AG
- ALLERGAN
- Roche Holding AG
- Teva Pharmaceutical Industries Ltd
- GlaxoSmithKline Plc
Acne Treatment Market Segmentation:
- The global acne treatment market, as reported by MRFR, can be segmented on the foundation of type, treatment, treatment modality, and end-users.
- By type, the acne treatment market includes cystic acne, post-surgical/wound acne, comedonal acne, inflammatory acne, and others. The inflammatory acne segment is gaining substantial boost.
- By treatment, the acne treatment market includes therapeutic devices, medication, and others. The medication segment encompasses antibiotics, retinoid, and others.
- By treatment modality, the acne treatment market covers oral, topical, and injectable. The topical segment is all set to find better market penetration in the coming years.
- By end-users, the acne treatment market encompasses pharmacies & drug stores, hospitals & clinics, ambulatory surgical centers, and others.
Acne Treatment Market Regional Analysis:
The Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA) are regions that have been included in the global study of the acne treatment market. This study aims at covering various demographic influences to chart growth possibilities.
The Americas has the lead in the global market dominates the global acne treatment market. The regional market is gaining traction from various infrastructural features, like inclusion of best-in-class technology to launch new products, high expenditure capacity, better awareness level, impact of the lifestyle, hike in cosmetic expenditure, and others. North America has better market penetration and it can fetch in remarkable revenues on the basis of performance from the US and Canada. Europe’s growth would be quite similar as regional features resemble that of North America. The hike in provision for research and development sector can boost the regional market growth.
The APAC market is expected to get remarkable nod due to the massive population of which, a large number are suffering from acne-related problems. The healthcare sector is developing, which can provide boost to the market.
Acne Treatment Industry Update
In August 2019, Bausch Health Companies announced that their new products tazarotene acne treatment lotion will soon hit the shelf for better growth. The Canadian company is known for their extensive research in various fields like eye health, gastroenterology, neurology, dermatology, and aesthetics.