Number of pages: 100 | Report Format: PDF | Published date: October 17, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 9.1 billion |
Revenue forecast in 2030 |
US$ 13.64 billion |
Growth Rate |
CAGR of 4.60% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Drug, Route of administration, distribution channel, and region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global acne treatment market was valued at US$ 9.1 billion in 2021 and is expected to witness a CAGR of 4.60 % during the forecast period.
Market Fundamentals
Acne is a skin condition that occurs when a hair follicle is clogged due to oil, dirt, or dead skin cells, which causes pimples, whiteheads, and blackheads. Acne most commonly occurs on the face, back, and chest, and youngsters are more vulnerable to acne than adults as during this period, the skin stimulates oil glands which release excessive oil. Acne can be treated by pharmaceutical medication and medical devices such as laser therapy, light therapy, etc.
[534534]
Market Dynamics
The global acne treatment market is mainly driven by increasing investment in research and development, and rising prevalence of acne amongst teenagers. Additionally, improving social media influence, rising numbers of approved drugs, and introducing of novel drugs are contributing to the growth of the global acne treatment market. Furthermore, the growing number of dermatologists and skin care centers is driving the growth of the global aesthetic devices market. However, side effects and increasing drug costs are hindering the growth of the global acne treatment market.
Market Ecosystem
The global acne treatment market has been analyzed from five perspectives: drug, drug type, route of administration, distribution channel, and region
Acne Treatment Market by Drug
[332424]
The global acne treatment market has been segmented based on drugs into retinoids, antibiotics, isotretinoin, and others. Antibiotics segment is leading the global acne treatment market owing increasing approval of antibiotic drugs for acne treatment and the introduction of novel dosage forms such as lotion, cream, and powder. Additionally, high efficacy and long-term therapeutic effect are contributing to the growth of the antibiotic acne treatment market. Retinoids are also expected to show exponential growth during the forecast period owing to the increasing adoption of retinol for acne and skin treatment, stimulating collagen and elastin production.
Acne Treatment Market by Drug Type
The global acne treatment market is segmented based on drug type into over-the-counter (OTC) and prescription. The Over-the-counter (OTC) segment is leading the global acne treatment market owing to easily accessible drugs for treatment, cost and time saving, no need for a prescription, and high efficacy. Additionally, an increasing number of pharmacies and online pharmacies are contributing to the growth of the over-the-counter acne treatment market and the global OTC acne treatment market. In July 2022, Glenmark Pharma launched the first topical minocycline 4% gel in India to treat severe to moderate acne under MINYM.
Acne Treatment Market by Route Of Administration
Based on the route of administration, the global acne treatment market is segmented into oral, topical, and injectable. The topical route of administration leads the global acne treatment owing to the safe route, direct site of action, and high therapeutic effect. Additionally, increasing preference for topical drugs for acne treatment and increasing research and development are contributing to the growth of the global acne treatment market.
Acne Treatment Market by Distribution Channel
Based on distribution channels, the global acne treatment market has been segmented into hospital pharmacies and retail & online pharmacies. Retail & online pharmacies are leading the global acne treatment market owing to increasing numbers of retail & online pharmacies, easily accessible, cost-effective drugs. Additionally, increasing pharmacies chain and emerging online pharmacies company are contributing to the growth of the global retail & online pharmacies acne treatment market.
Acne Treatment Market by Region
The global acne treatment market has been segmented based on region: North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global acne treatment market in terms of revenue share. The large share of North America in the global market can be attributed to high disposable income, increasing acne treatment-approved drugs, and high adoption of novel treatments that contribute to the growth of the North American acne treatment market. The Asia Pacific is expected to show the highest growth, owing to the growing population, an increasing number of approved generic drugs, and the high demand for over-the-counter drugs.
Competitive Landscape
Some prominent players operating in the global acne treatment market are
Strategic Developments
The estimated market size of the global acne treatment market US$ 13.64 billion in 2030.
North America and the Asia Pacific are the key growth regions in the global acne treatment market.
Increasing investment in research and development, rising prevalence of acne and skin diseases amongst teenagers, growing social media influence, and growing regulatory approvals are the key driving factors for the global acne treatment market.
The expected CAGR for the global acne treatment market is 4.60% during the forecast period from 2022 to 2030.
*Insights on financial performance are subject to the availability of information in the public domain