Acne treatment market size [2022-2028] worth $12.97 billion

Fortune Business Insights

Acne Treatment Market Covered by Key Companies – Allergan, Botanix Pharmaceuticals, GALDERMA, Bausch Health Companies Inc, GlaxoSmithKline Plc, Bayer AG, Valeant Pharmaceutical International, Johnson & Johnson, Pfizer Inc., Teva Pharmaceutical Industries Ltd

Pune, India, April 11, 2022 (GLOBE NEWSWIRE) — The Acne treatment market size was USD 8.99 billion in 2021. The market is expected to grow from USD 9.36 billion in 2022 to USD 12.97 billion in 2029 at a CAGR of 4.8% during the period 2022-2029. This vital information is presented by Fortune Business Insights™, in its report titled “Acne Treatment Market, 2022-2029”. Factors such as increasing prevalence of skin disorders and increasing clinical approval of drugs will drive the market growth over the forecast period. Moreover, the launch of new drugs will increase the market footprint.

industry development

Request a sample copy of the research report: fortunebusinessinsights.com/enquiry/request-sample-pdf/acne-treatment-market-103361

Impact of COVID-19

Decline in patient visits and loss of revenue by dominant players to limit growth during the pandemic

The ongoing pandemic has driven the acne treatment market into a downward spiral regarding market growth due to various factors including declining patient visits to hospitals and fewer patients seeking treatments in the world. Major players reported lower revenues due to limited production and a shattered workforce due to irregular lockdowns and movement restrictions for the general population. Limited access to dermatologists during the ongoing pandemic further reduces market growth over the forecast period. However, during the fourth quarter of 2021, the market is expected to revive due to the increase in the number of patients and the growing demand for drugs.

segments

On the basis of product, the market is divided into retinoids, antibiotics, isotretinoin and others.

By route of administration, the market is segmented into topical and oral.

Regarding the age group, the market is fragmented into 10-17, 18-44, 45-64, and 65+.

By distribution channel, the market is divided into retail and online pharmacies and hospital pharmacies.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

To learn more about the short and long term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/acne-treatment-market-103361

Report scope and segmentation

Report cover

Details

Forecast period

2022-2029

Forecast Period 2022 to 2029 CAGR

4.8%

2029 value projection

$12.97 billion

base year

2021

Market size in 2021

$9.36 billion

Historical data for

2018-2020

Number of pages

150

Segments Covered

By product, by route of administration, by age group, by distribution channel, by geography

Growth engines

The ongoing pandemic has staggered the growth of drugs used to treat acne due to fewer patients seeking treatment globally. The dominant market players have reported severe revenue losses due to COVID-19.

Lack of new patients and limited access to dermatologists during the COVID-19 pandemic has also affected the market growth. In terms of revenue, the market saw a decline of 5.8% in 2020.

Report cover

The report provides a comprehensive view by presenting critical aspects such as market size and forecast, important regions, ongoing product launches and an overview of technological developments. Additionally, the report also focuses on the major companies, major products of all segments and sub-segments, and ongoing developments in the industry. Additionally, the factors which are expected to have a considerable impact on the market are also mentioned in the report.

Growing prevalence of acne globally and new product launch will drive the growth of the market

Factors such as increasing prevalence of skin conditions and increasing number of patients opting for treatments and solutions in both developed and developing economies will drive the growth of the acne treatment market over the forecast period. Additionally, the introduction of a wide range of treatment products including retinoids, isotretinoids, and antibiotics in both oral and topical form will increase the market footprint. Moreover, the launch of new drugs by leading players and the growing number of clinical trials will fuel the growth of the market.

However, increasing side effects related to the current range of products in the market will limit the growth of the market over the forecast period.

North America will dominate during the forecast period due to growing consumer concerns

North America will occupy the largest acne treatment market share during the forecast period owing to the growing prevalence of acne in the region coupled with rising consumer concerns related to beauty. Additionally, the launch of new products by prominent players in the region and a significant increase in the patient population will increase the market footprint.

Europe will witness a large market share in terms of global contribution owing to the increase in the patient pool in the region coupled with the increased investment in R&D used for the treatment of dermatological conditions. Increasing adoption of advanced treatments and solutions will further push the market share towards higher volume.

Asia-Pacific will have the fastest growing CAGR due to the growing awareness among the population of multiple drugs, combined with the growing number of companies entering the region.

Quick buy – Acne Treatment Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103361

Inorganic growth attributes and product development to help top players establish dominance

The acne treatment industry is characterized by the presence of numerous players, large and small, operating globally. Major players have established their position in the market by encompassing a diverse market portfolio, triggering higher revenue growth. For example, in November 2021, Sun Pharmaceutical Industries Ltd. announced the launch of WINLEVI (clascoterone) Cream 1% in the United States for the topical treatment of acne vulgaris in patients 12 years of age and older. The major players in the market are Allergan, Galderma SA and Bausch Health Companies. The competitive landscape of the market focuses on players with small domestic supply in their portfolio.

List of key players present in the market

  • Allergan (Ireland)

  • Botanix Pharmaceuticals (Australia)

  • GALDERMA (Switzerland)

  • Bausch Health Companies Inc (USA)

  • GlaxoSmithKline Plc (UK)

  • Bayer AG (Germany)

  • Valeant Pharmaceutical International, Inc (USA)

  • Johnson & Johnson (USA)

  • Pfizer Inc. (USA)

  • Teva Pharmaceutical Industries Ltd. (Israel)

Contents:

  • Introduction

  • Summary

  • Market dynamics

    • Market factors

    • Market constraints

    • Market opportunities

  • key ideas

    • Prevalence of acne, by region/country, 2021

    • New product launches, by key players

    • Pipeline analysis, for key players

    • Key Industry Developments – Mergers, Acquisitions, etc.

  • Global Acne Treatment Market Analysis, Outlook and Forecast, 2018-2029

    • Main results/summary

    • Market Analysis, Outlook and Forecast – By Product

      • Retinoids

      • Antibiotics

      • Isotretinoin

      • Others

    • Market Analysis, Outlook and Forecast – By Administration

    • Market Analysis, Outlook and Forecast – By Age Group

      • 10 to 17

      • 18 to 44

      • 45 to 64

      • 65 and over

    • Market Analysis, Outlook and Forecast – By Distribution Channel

    • Market Analysis, Outlook and Forecast – By Region

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Middle East and Africa

  • North America Acne Treatment Market Analysis, Outlook and Forecast, 2018-2029

    • Main results/summary

    • Market Analysis, Outlook and Forecast – By Product

      • Retinoids

      • Antibiotics

      • Isotretinoin

      • Others

    • Market Analysis, Outlook and Forecast – By Administration

    • Market Analysis, Outlook and Forecast – By Age Group

      • 10 to 17

      • 18 to 44

      • 45 to 64

      • 65 and over

    • Market Analysis, Outlook and Forecast – By Distribution Channel

    • Market Analysis, Outlook and Forecast – By Country/Sub-Region

      • United States (product)

      • Canada (product)

Knock Continue..

You have a question ? Ask our experts: https://www.fortunebusinessinsights.com/enquiry/queries/acne-treatment-market-103361

About Us:

Fortune Business Insights™ provides accurate data and innovative business analytics, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them address a variety of challenges unique to their businesses. Our goal is to provide them with global market intelligence, providing them with a granular overview of the market in which they operate.

Contact us:

Fortune Business Insights™ Pvt. ltd.

United States: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

E-mail: [email protected]

Source link

About Chris Y. Camp

Check Also

George Michael paid for stranger’s ‘miracle’ IVF treatment

George Michael paid for the IVF treatment of a stranger, we learned. The music icon …