The global acne treatment market was worth USD 7,714.04 million in 2019 and is predicted to grow at a CAGR of 4.60 per cent from 2020 to 2027.
Acne therapy is the use of a variety of drugs and ointments to lighten the tone of the afflicted areas. A healthy diet is also a critical aspect of acne therapy, and it has contributed significantly to the expansion of the acne treatment industry. Furthermore, the growing need for better acne treatments has resulted in significant investment in the acne treatment market.
Factors including the increased prevalence of acne vulgaris in teenagers and adults, rising sedentary lifestyles and bad eating habits, and rising demand for less invasive cosmetic treatment techniques have raised demand and spurred market expansion. However, concerns about the safety of the medications used for acne therapy are impeding market expansion.
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Market Segmentation
Inflammatory acne is predicted to expand the fastest in the global acne treatment market due to the presence of vitamin A, which promotes healthy skin and lowers acne when compared to other forms. Furthermore, as a long-term and less painful treatment alternative for skin disorders, the laser treatment category is predicted to rise at a high rate in the global market.
There are two sorts of treatment modalities: oral and topical. Antibiotics are taken orally to treat germs and inflammation. Acne treatments can be found in a variety of places, including hospitals, clinics, pharmacies, and pharmacy stores.
Regional Classification
The Americas ruled the acne treatment industry in 2019, and this trend is projected to continue throughout the study. This is due to the high prevalence of acne and skin diseases in this region, as well as product launches and technical innovations. Acne affects almost 85 per cent of teenagers at some point throughout their teenage years, according to the American Academy of Dermatology Association. In the United States, acne affects about 50 million people. Furthermore, in 2013, the cost of acne therapy for persons seeking medical care for acne in the United States exceeded USD 1.2 billion. The United States’ significant contribution to the American acne treatment industry is expected to fuel regional market expansion.
Due to the organic growth plans of firms and a well-developed medical industry in the region, Europe ranked second in the acne treatment market in 2019. The acne treatment market in the region is growing because key companies are focusing on new product development and releases. CassiopeaSpA, an Italian pharmaceutical firm, stated in August 2020 that their Winlevi (clascoterone cream 1%) for acne therapy had received US FDA approval. Galderma, a Swiss pharmaceutical company focusing on dermatological treatments and cosmetics products, has also announced the release of its topical retinoid tazarotene 0.005%. AKLIEF has been licensed by the US Food and Drug Administration for the treatment of acne vulgaris. These organic growth strategies might help companies improve their position in the European market.
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The research looks at current short- and long-term market effects to help decision-makers establish short- and long-term company goals by region. The research covers the Americas, Europe, Asia-Pacific, the Middle East and Africa’s major regions.
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