Acne Treatment Market Global Outlook 2019, Development Pipeline, Industry SWOT Analysis, Size, Share, Growth, Top Leaders, Regional Forecast to 2023

Acne Treatment Market Global Outlook 2019, Development Pipeline, Industry SWOT Analysis, Size, Share, Growth, Top Leaders, Regional Forecast to 2023

“Acne Treatment Market”
Acne Treatment Market Research Report – Forecast to 2023, Report Published by MRFR. Global Acne Treatment Market Research Report, Type (Inflammatory Acne, Cystic Acne, Post-Surgical/Wound Acne), Treatment (Medication, Therapeutic Devices), By Treatment Modality (Oral, Topical), End User (Hospitals & Clinics) – Global Forecast Till 2023

Acne Treatment Market Overview

Acne refers to a skin condition occured due to the clogging of hair follicles with oil or dead skin cells. Although a common skin disorder mostly found in teenagers, the skin condition can be persistent even after treatments. There have been many novel medicines & therapies developed to treat symptoms of Acne. This, in turn, is escalating the sales of acne treatment products making the Acne market a well-developed space on the global platform.

Acknowledging the exponential growth the market perceives currently and the potential of the market to grow in the future; Market Research Future (MRFR), in its recently published market forecast asserts that the global Acne Treatment market will grow exponentially by 2023, registering ~ 5 % CAGR throughout the forecast period (2017 – 2023).

Increasing prevalence of the acne and growing teenage population are the key driving forces expected to substantiate the market growth during the forecast period. Environmental changes such as depletion of ozone layers and pollution predominantly foster the market growth, increasing the occurrences of Acnes. 

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Additional factors such as increasing population and growing urbanization coupled with the growing awareness towards the availability of treatments contribute to the market growth. Simultaneously, improving economic conditions that enable access to the quality life & the improved healthcare worldwide are providing impetus to the market growth.

Technological advancements transpired in the medical science backed by the substantial investments in the R&D activities for the innovation & development of the medical devices, treatments & medicines foster the market growth of the disease, excellently. 

On the other hand, factors like unmet medical needs & drug resistance along with the treatment cost impede the market growth. However, technological advancements transpired in the healthcare sector are expected to fuel the market growth, presenting more advanced and cost-effective treatments. 

Acne Treatment Market Key Players:

Galderma S.A. (Switzerland), ALLERGAN (Republic of Ireland), Stiefel Laboratories, Inc. (US), Johnson & Johnson Services, Inc. (US), Valeant (Canada),GlaxoSmithKline Plc. (UK), Bayer AG (Germany), Teva Pharmaceutical Industries Ltd. (Israel), and Roche Holding AG (Switzerland) are some of the leaders driving the Global Acne Treatment Market.  Profiling those in its analysis MRFR finds out the strategies that place them at the forefront of completion. 

Acne Treatment Market – Segmentations

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By TypesInflammatory Acne, Cystic Acne, Post-Surgical or Wound Acne among others.

By Treatments: Medication {Retinoid (adapalene, tretinoin, & others), Antibiotics (erythromycin, clindamycin, others), others} and Therapeutic Devices (lasers, microdermabrader, dermabradors, others) among others.

By Treatment Modalities:  Oral, and Topical and others.

By End UsersHospitals and Clinics among others.

By Regions:  Europe, North America, APAC and Rest-of –the-World.

Global Acne Treatment Market – Regional Analysis

Globally, North America leads the global acne treatment market with the largest market share. The market is estimated to accrue exponentially by 2023, registering a phenomenal CAGR from 2017 to 2023. Factors substantiating the market growth include a well-developed healthcare sector and huge patient population, favorable reimbursement scenario and substantial healthcare expenditure.

Furthermore, changing lifestyle and increasing expenditures on cosmetics are some of the factors supporting the market growth.  Simultaneously, a wide uptake of new technologies in the US is also a key growth driver responsible for the market growth in the region.

Expected to be the second-largest market for acne treatment, the Europe market is expected to grow at a considerable CAGR.  Certainly the resurging economy in the region is acting as a key driver for the market growth in the region.  Besides, availability of funds for research, a huge patient population and increasing teenage population within the region are some of the key driving forces supporting the market growth in the region.

The Asia Pacific market for acne treatment is expected to emerge as a lucrative market, growing rapidly from 2017 to 2023. The market growth will be led by India and China owing to the huge population and the availability of low-cost medications for the treatment. Furthermore, factors such as the increasing prevalence of acne and fast-proliferating healthcare sector fuel the market growth in the region.

Moreover, the large unmet needs will provide impetus to the market growth over the forecast period. Vietnam, Thailand, and Malaysia among other South East Asian countries are projected to contribute significantly to the regional market growth.

On the other hand, owing to the presence of poor economies, stringent government policies and lack of health care services especially within the African region, the MEA market for acne treatment is expected to witness a sluggish growth during the forecast period – 2017 to 2023.  While, the Middle Eastern countries such as Saudi Arabia, Dubai, Kuwait will provide a boost to the market growth attributing to the well-developed healthcare sector and the huge healthcare expenditure.

Global Acne Treatment Market   – Competitive Analysis

The global market for Acne Treatment appears to be fiercely competitive with the several well-established and small players operating in the market. These players incorporate collaboration, acquisition, expansion, strategic partnership, & technology launch. Substantial investments are transpired in clinical trials and development of effective drugs.

 

Industry/Innovation/ Related News:

August 04, 2018 – Enter Acropass (South Korea), a leading provider of Acne Removal Products and Skin Care Acne Treatment launched a new kind of at-home microneedle technology to treat skin breakouts.

The technology using small, circular strips, send tiny dissolvable pressure point needles that are made with hyaluronic acid and niacinamide, into the skin penetrating the surface to infuse faster-working anti-inflammatory agents and dramatically reduce the circumference and life of a spot.

August 03, 2018 – Researchers at pharmaceutical and skin-care company – Galderma S.A. (Switzerland) published their study of a new class of retinoids called trifarotene, which they claim could be more effective at topically treating acne with fewer side effects.

Ongoing clinical studies conducted on trifarotene cream have demonstrated the efficacy of the treatment on both the face and the body.

July 17, 2018 – Zydus Cadila (US), a pharmaceutical company announced receiving the final approval from the US health regulator to market Clindamycin Phosphate Topical Solution, used to treat acne. The company had already received approval from the US Food and Drug Administration (USFDA) to sell Clindamycin Phosphate products such as Topical Solution USP (Cleocin T), 1 percent. Clindamycin, an antibiotic is used to treat acne by stopping the growth of bacteria and it also helps to decrease the number of acne lesions.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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