Acne Treatment Market Trends Is Projected To Reach USD 13.1 Billion, Enlisting a CAGR Of 4.63% By 2030 | Market Research Future

Market Research Future Insights

The acne treatment market was valued at USD 9.05 billion in 2019 and expected to reach USD 13.1 billion by 2030 at 4.63% CAGR during the forecast period of 2022 to 2030.

The acne treatment market has seen significant growth in recent years, due in large part to advances in medication and ointment administration, as well as a greater understanding of the role diet plays in acne treatment. Acne sufferers are now better able to find products that address their specific needs, and investors are more willing to put money into research and development for new acne treatments. The quick spread of COVID-19 has had a profound impact across different industries and markets. The changing needs have highlighted the importance of rapid movement in the research and manufacturing of several medical supplies that are of utmost importance in times of such crisis.

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Regional Analysis

The acne treatment market in America is likely to continue to be the dominant one due to the high prevalence of acne and skin disorders, product launches, and technological advancement in this region. Europe holds the second-largest position in the acne treatment market due to the organic growth strategies of companies and a well-developed medical industry in the region. Key players are focused on the launches of novel products, fueling the growth of the acne treatment market. Asia-Pacific is anticipated to register the highest growth rate due to the high incidence of acne, increased government initiatives, and the presence of a large number of pharmaceutical companies.

Market Segmentation

The global Acne Treatment market has been segmented into acne type, treatment, drug type, and end user.

Based on acne type, the market has been segmented into moderate acne, mild acne, and moderate to severe acne. Acne is said to be moderate when there is a widespread of whiteheads and blackheads, with more papules than mild acne. Severe acne is said to occur when there is a high number of large, painful papules, pustules, and nodules or cysts. The rise in acne prevalence and the increase in facial skincare concerns are driving the growth of the acne treatment market.

Based on treatment type, the market has been segmented into medication and therapeutic devices. Acne medications usually work by reducing oil production and swelling, or by treating bacterial infections. The recent approval of newer medications for acne treatment is driving the growth of this segment.

Based on drug type, the market has been segmented into OTC and prescription. Benzoyl peroxide, salicylic acid, and sulfur are often found in over-the-counter (OTC) acne treatments, which come in various forms such as oral medication and topical medication. OTC drugs are mostly used by people with mild acne, and since mild acne is so prevalent, there is a high demand for OTC medicine.

Based on end users, the market has been segmented into hospitals & clinics, and specialty centers. The hospital and clinic segment of the acne treatment market is growing because the prevalence of skin disorders, including acne, is increasing.

Key Players

Some of the key market players are GlaxoSmithKline plc (UK), Almirall, S.A. (Spain), Galderma Laboratories LP (US), F. Hoffman La Roche Ltd. (Switzerland), Bausch Health Companies Inc. (Canada), Leo Pharma A/S (Denmark), Johnson & Johnson Services Inc. (US), Teva Pharmaceutical Industries Ltd. (Israel), Candela Corporation (US), Vyne Therapeutics Inc. (US).

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