USD 9.164 billion
Report ID: SQMIG35B2040 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 117 | Figures: 77
Acne Treatment Market size was valued at USD 9.164 billion in 2021 and is poised to grow from USD 9.6 billion in 2022 to USD 13.2 billion by 2030, growing at a CAGR of 4.63% in the forecast period (2023-2030).
Acne is a skin ailment caused by clogged hair follicles with dead skin cells and oil. Although it affects people of various ages, this ailment is most frequent in adolescents. Antibiotics, retinoids, and retinoid-like medicines are the most commonly used medications. One of the primary reasons driving worldwide demand for the product over the predicted period is the rising frequency of skin problems.
Factors such as the rising incidence of acne vulgaris in teens and adults, rising sedentary lifestyles and bad eating habits, and rising desire for less invasive cosmetic treatment techniques have increased demand and spurred the market expansion. However, safety concerns about the medications used for acne therapy are impeding market expansion.
Acne vulgaris is a prevalent skin disorder that affects around 9.4% of the world's population, with teens having the highest frequency. It affects nearly 90% of men and 80% of women across all ethnic groupings. Acne is the most prevalent skin problem in the United States, impacting 50 million people each year, according to the American Academy of Dermatology Association.
Additional research has found that the likelihood of having acne rises owing to a variety of variables including genetics, mental stress, menstruation, hot and humid weather, and oily cosmetics.
US Acne Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.164 billion
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Acne Treatment Market is segmented on the basis of type, route of administration, age group, and distribution channel. Based on the type, the market is segmented into retinoids, antibiotics, isotretinoin, and others. Based on the route of administration, the market is segmented into Oral, Topical. Based on the Age Group the Acne Treatment Market is segmented into 10 to 17, 18 to 44, 45 to 64, and 65 and above. Based on the distribution channel, the market is segmented into hospital pharmacies, retail & online pharmacies. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, And MEA.
Acne Treatment Market Analysis by Type
In 2022, the antibiotics sector retained a higher market share. This is due to the increasing acceptance of antibiotics for acne therapy, and their strong efficacy in exudate control. As a result, antibiotics dominated the worldwide market and are considered as the most valuable shareowner. The retinoids category is expected to grow at a faster CAGR by 2030 as the prevalence of moderate to severe acne rises, increasing the demand for retinoids. For example, Sun Pharmaceutical Industries Ltd. announced the launch of ABSORICA LD (Isotretinoin) capsules in the United States in February 2020 to treat severe recalcitrant nodular acne in individuals 12 years of age and older.
Acne Treatment Market Analysis by Route of Administration
The topical category is expected to dominate the market throughout the projected period. The rising number of firms producing topical treatments for acne treatment is driving the global market expansion. This is due to the patient population suffering from the ailment, which is primarily interested in topical remedies due to their ease of availability and comfort.
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In 2022, North America accounted for USD 4.80 billion. The region’s dominance is due to the increasing frequency of acne throughout the region, as well as rising population concerns about appearance. As a result, big firms are launching new medications in the North American market. Europe will be the second leading market in terms of market size. Presence of well-established companies with a large consumer base is expected to enable more growth opportunities for the European market.
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Acne Treatment Market Driver
Acne's Global Increase Will Drive Market Growth
Acne Treatment Market Restraint
Adoption is being hampered by side effects associated with currently available drugs
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The market is characterized by a high number of prominent firms that provide a wide range of medications. The significant corporations will have a solid revenue position as well as a diverse medicinal product portfolio. These firms have a strong foothold in key growth areas. The competitive environment also includes enterprises of a lesser scale with restricted product offers.
Acne Treatment Market Top Player's Company Profiles
Acne Treatment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, Over the projection period, Asia-Pacific is expected to increase at the fastest rate. This is due to the high prevalence of acne, greater government initiative, and the existence of several pharmaceutical businesses. Various government measures to help the healthcare sector are also fuelling regional market growth. Furthermore, rising disposable income of Asia's middle-class households, which make for a sizable population, leads to increased spending on health, fueling the region's acne treatment market expansion.
|Market size value in 2021
|USD 9.164 billion
|Market size value in 2030
|USD 13.2 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Acne Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Acne Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Acne Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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