The Global Acne Medication Market size was estimated at USD 7.5 Billion in 2021 and is expected to hit around USD 10.8 Billion by 2030, growing at a CAGR of 4.9%.
The most prevalent skin disorder is acne, also known as acne vulgaris, which is primarily brought on by structural changes to the skin. Millions of adolescents globally are impacted by it. Pimples, blackheads, greasy skin, and scarring are its hallmarks. There are two varieties of acne: inflammatory and non-inflammatory. The latter takes longer to heal and might have long-lasting repercussions on the skin. Skin with a disproportionately large number of sweat glands, such as the top half of the chest, the back, and the face, is typically affected. Drugs with an indication for treating acne are known as acne medicines. Several prescription and OTC medications, including retinoids, isotretinoin, antibiotics, benzoyl peroxide, salicylic acid and oral contraceptives, are among them.
Acne medication encompasses various forms of treatment, including prescription acne medication, oral acne medication, and topical acne medication. For individuals seeking a comprehensive approach to tackling acne, combining different types of treatments may yield the best results. Prescription acne medication, such as oral acne medication in the form of pills, is often recommended for severe or persistent cases. These medications work internally to regulate hormonal imbalances or target specific acne-causing bacteria. Alternatively, topical acne medication offers a localized approach, targeting the affected areas directly with creams, gels, or lotions. Individuals can address acne concerns effectively and achieve clearer, healthier skin by employing a multifaceted approach.
Market Dynamics
Drivers:
The main element driving the growth of the market for acne medications is the rise in the incidence of acne illnesses. Moreover, an unhealthy urban lifestyle and the availability of potent acne treatments in the pipeline are other reasons that support the industry. Developing efficient drugs with fewer side effects and a large untapped market in emerging nations is anticipated to present profitable growth prospects for the industry.
Restraints:
High adverse effects associated with acne drugs and the growing usage of alternative treatments are the main factors restraining the growth of the global acne medication market. The type and potency of the treatment affect the adverse effects of acne treatments. For instance, topical acne treatment’s most prevalent adverse effects include skin dryness and inflammation. Although the effects of oral and topical medications can differ, they may also have certain unfavorable effects in conjunction. Skin rash or hives, swelling of the cheeks, lips, or tongue, intense burning or swelling of the treated area, tightness in the neck, shortness of breath, or trouble breathing are only a few of the dangerous adverse effects of acne medication.
Key players:
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Galderma Laboratories
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L.P
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Reckitt Benckiser Group PLC.
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Bausch Health Companies Inc.
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GlaxoSmithKline plc.
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Arctic Therapeutics International
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Mylan N.V.
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Sun Pharmaceutical Industries Ltd.
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AbbVie Inc.
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Biopharmx Inc.
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Paratek Pharmaceuticals Inc.
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Teva Pharmaceutical Industries Ltd.
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Johnson & Johnson
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F. Hoffmann-La Roche Ltd
Market Segmentation:
Acne Medication Market, By Therapeutic Class
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Retinoid
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Topical Retinoid & Combination Retinoid
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Oral Retinoid (Isotretinoin)
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Antibiotic
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Topical Antibiotic & Combination Antibiotics
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Oral Antibiotics
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Salicylic Acid
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Benzoyl Peroxide
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Other medications
Acne Medication Market, By Formulation
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Topical Medication
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Oral Medication
Acne Medication Market, By Type
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Prescription Medicine
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Over-the-counter medicines
Acne Medication Market, By Acne Type
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Non-inflammatory acne
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Inflammatory acne
Acne Medication Market, By Distribution Channel
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Retail Store
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Pharmacy & Drug Store
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E-Commerce
Acne Medication Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa (MEA)
Regional Analysis:
In light of significant advancements in acne treatments, North America accounted for the highest revenue in 2019 and is predicted to maintain its dominance from 2020 to 2030.
Asia-Pacific is anticipated to have the highest CAGR during the forecast period. This is due to an increase in product launches, and increased healthcare spending due to rise in awareness of newly developed therapeutics.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
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YoY growth (%) |
XX% |
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Regional analysis |
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
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Current Market size |
USD 7.5 Billion |
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Forecast market growth |
USD 10.8 Billion |
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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