Acne treatment entails using various medications and ointments to soften the affected areas. A healthy diet is another important factor in acne treatment, and it has played a significant role in expanding the acne treatment market. Furthermore, the growing demand for improved acne medications has significantly invested in the treatment market.
As per market research, the acne treatment market was valued at USD 9.05 billion in 2019, which is expected to reach USD 13.1 billion by 2030 at a 4.63% CAGR during the forecast period of 2030.
Factors such as the rising prevalence of acne in teenagers and adults, rising sedentary lifestyles and unhealthy eating habits, and the rising need for minimally invasive cosmetic acne treatment market procedures have increased demand and propelled the market growth. However, safety concerns about the products used for acne treatment are impeding market expansion.
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The rapid expansion of COVID-19 is having a widespread impact across various industries and markets. COVID-19 has compelled healthcare organizations to adopt business strategies other than conventional models. The needs and expectations have highlighted the importance of quick action in the research and production of many critical medical supplies in times of crisis. Since the outbreak of the COVID-19 pandemic, dermatologic practices have needed to be restructured. Many private dermatology practices have temporarily closed their doors. Furthermore, the cancellation has hampered scientific communication among dermatologists.
The increasing growth in the Acne Treatment Market is caused due to the Increasing prevalence of acne vulgaris, increasing unhealthy food habits & sedentary lifestyles and the High influence of social media and brand endorsements. Similarly, the market has some restraining factor that harms the market growth safety Issues regarding the products and failure of pivotal clinical trials for key candidates. The market has seen increasing awareness about current and upcoming acne treatments.
The acne treatment market has been divided into acne type, drug type, treatment, route of administration, and end user. Based on acne type, the market has been segmented into mild acne, moderate acne, and moderate to severe acne. The acne treatment market is segmented by treatment type into medication and therapeutic devices. Among them, the medication held the largest market share of CAGR of 4.52% during the forecast period of 2030. Based on therapeutic devices, the acne treatment market is segmented into laser treatment, Technological advancement, and microdermabrasion in therapeutic devices for acne treatment. Based on drug type, the acne treatment market has been segmented into OTC and prescription. By the end user, the market is segmented into hospitals & clinics and specialty centers.
List of Key Companies Covered in the Report:
GlaxoSmithKline plc.,,Almirall, S.A.,Galderma Laboratories,Hoffman La Roche Ltd,Bausch Health Companies Inc,Leo Pharma A/S,Johnson & Johnson Services Inc,Teva Pharmaceutical Industries Ltd,Candela Corporation,Vyne Therapeutics Inc.
The global acne treatment market has been divided into Europe, the Americas, Asia-Pacific, and Middle East & Africa. Among all of them, the Americas led the acne treatment market in 2019. Europe held the second-largest rank in the industry. After Europe, the Asia-Pacific countries anticipated registering the highest growth rate.
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