The global acne treatment market size is expected to reach USD 7.19 billion by 2027 while exhibiting a CAGR of 4.6% between 2020 and 2027. This is attributable to increasing incidence of acne amongst the people and growing dermatology consultations across the globe. Fortune Business Insights, published this information in its latest report, titled “Acne Treatment Market Size, Share &COVID-19 Impact Analysis, By Product (Retinoids, Antibiotics, Isotretinoin, and Others), By Treatment Modality (Oral and Topical), By Age Group (10 to 17, 18 to 44, 45 to 64 and 65 Above) By Distribution Channel (Hospital pharmacies, Retail pharmacies and, E-pharmacies), and Regional Forecast, 2020-2027.” The report further mentions that the market was worth USD 5.46 billion in 2019.
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What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. The report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2019 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
COMPETITIVE LANDSCAPE:
Ortho Dermatologics Launches Tazarotene Topical to Treat Acne Vulgaris
In June 2020, Ortho Dermatologics announced its launch of Tazarotene lotion 0.045% following the approval from the US Food and Drug Administration in late 2019. Tazarotene lotion 0.045% is now available across the stores in the United States for treating acne vulgaris in patients aged 9 years and older. Bill Humphries, Ortho President, said, “Ortho Dermatologics is committed to developing novel treatment options like ARAZLO that will help millions of Americans who are suffering from the inflammatory acne problems.
Table Of Content :
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
4.1 Recent Industry Developments Such as Mergers & Acquisitions
4.2 Product Pipeline Analysis
4.3 Industry Background Pertaining to Acne Treatment Solutions
4.4 Key Industry Trends
4.5 New Product Launches
Continue.
DRIVING FACTORS
Increasing Incidence of Acne to Bolster Growth
The advent of consuming junk food and high disposable income is resulting in increasing cases of skin disorders across the globe. According to the American Academy of Dermatology (ADA), around 85% between the age group of 12 and 24 have experienced minor acne once in a lifetime. Acne incidences are rising in adults, with over 15% affected are women. The rising skin conditions such as eczema, acne, and psoriasis is driving the demand for dermatology consultations globally. The increasing cases of skin ailments are expected to drive the global acne treatment market during the forecast period.
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List of the Companies Proliferating in the Global Market for Acne Treatment:
- Allergan (Dublin, Ireland)
- Botanix Pharmaceuticals (Northbridge, Australia)
- Galderma S.A. (Lausanne, Switzerland)
- Valeant Pharmaceutical International, Inc (New Jersey, U.S.)
- Bausch Health Companies Inc (Bridgewater, U.S.)
- GlaxoSmithKline Plc. (London, UK)
- Bayer AG (Leverkusen, Germany)
- Johnson & Johnson (New Jersey, U.S.)
- Pfizer Inc. (New York, U.S.)
- Other Players
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Segmentation:
By Product
Retinoids
Antibiotics
Isotretinoin
Others
By Treatment Modality
Oral
Topical
By Age Group
10 to 17
18 to 44
45 to 64
65 Above
By Distribution Channel
Hospital pharmacies
Retail pharmacies
E-pharmacies
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
The Middle East& Africa (South Africa, GCC and Rest of Middle East & Africa)
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