Acne Treatment Market Growth – at a CAGR of 4.6%, Market Trends – Growing consumption of unhealthy food is increasing acne problems

VANCOUVER, BC, CANADA, June 26, 2023/EINPresswire.com/ --  The global acne treatment market size was USD 9.10 Billion in 2021 and is expected to register a revenue CAGR of 4.6% over the forecast period, according to the latest analysis by Emergen Research. Increase in launch of novel acne products and  rising demand for personal wellness and smooth spotless skin due to high psychological burden associated with acne are some key factors driving acne treatment market revenue growth. In addition, growing consumption of unhealthy food is increasing acne problems, which is further increasing the demand for acne treatment. Rising demand for personal wellness and smooth spotless skin due to high psychological burden associated with acne has led to an increasing number of launches of novel acne products. For instance, on 28 October 2019, the United States Food and Drug Administration (USFDA) approved Amzeeq, which is a topical form of antibiotic minocycline. The drug was earlier available as an oral antibiotic, however, now it is available in non-pill form and delivers minocycline in form of foam. Foamix Pharmaceuticals, a manufacturer of the product has leveraged its proprietary Molecule Stabilizing Technology (MST) platform to deliver minocycline effectively in a foam-based vehicle. The production of such innovative and novel products for treatment of acne is expected to substantially propel market revenue growth.

 The study draws a forecast of the growth of the acne treatment market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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Competitive Terrain:

The global Acne Treatment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The Leading Market Contenders Listed In The Report Are:

Botanix Pharmaceuticals, Galderma S.A., Ortho Dermatologics (Bausch Health Companies Inc.), GSK plc, Bayer AG, Johnson & Johnson Services, Inc., Pfizer Inc., AbbVie Inc., Teva Pharmaceutical Industries Ltd., and Almirall, S.A

Some Key Highlights from the Report
On 24 February 2020, Almirall, S.A, announced to send its product Seysara (sarecycline) to the Chinese regulatory body NMPA in 2023 for approval. It is an innovative tetracycline-derived oral antibiotic used for treatment of inflammatory lesions of moderate to severe acne vulgaris. Almirall S.A has commercialization rights for this product in the U.S., and under a License Agreement from Paratek Pharmaceuticals, Inc., it will develop, register, and commercialize the product in China in exchange for royalties.

The antibiotics segment revenue is expected to account for largest revenue share over the forecast period owing to its increasing popularity among people suffering from acne due to its effectiveness. In addition, increasing launch of new antibiotics are more effective due to an increase in antibiotic resistance among patients.

The topical segment accounted for a larger revenue share in 2021 owing to growing popularity of Over-the-Counter (OTC) drugs and rapid development of new topical therapy for treatment of acne. Additionally, an increasing number of new discoveries of topical therapy for acne patients will further contribute to revenue growth of the segment.

The skincare clinics segment is expected to register a rapid growth rate over the forecast period. High psychological burden associated with acne and increasing demand for hormonal therapy for acne treatment is expected to sustain revenue growth of the market over the forecast period.

The North America market will register a significantly robust revenue growth rate during the forecast period. This is due to unhealthy eating habits and increase in stress levels, which have led to increase in prevalence of acne and presence of major companies such as Ortho Dermatologics (Bausch Health Companies Inc.), AbbVie Inc., and others

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Emergen Research has segmented the global acne treatment market based on product, administration, end user, and region:

Product Outlook (Revenue, USD Billion, 2019–2030)

Retinoids

Antibiotics

Isotretinoin

Others

Administration Outlook (Revenue, USD Billion, 2019–2030)

Oral

Topical

Injectable

End User Outlook (Revenue, USD Billion, 2019–2030)

Hospitals

Skincare Clinics

Regional Segmentation:

 

North America

Latin America

Europe

Middle East & Africa

Asia Pacific 

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Report Highlights:

Besides offering a vivid depiction of the global Acne Treatment business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2030).

The report scrutinizes the salient factors influencing the growth of the market in the near future.

The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis

In-depth 8 year analysis of the Global Acne Treatment Market

Critical assessment of the key market segments

Comprehensive analysis of the drivers, restraints, trends, and opportunities

Detailed regional analysis and extensive company profiling

Extensive assessment of current and emerging trends of the market

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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