According to a new report published by We Market Research, titled, Acne Treatment Market size was valued at $ 11,109million in 2023, and is estimated to reach $16,890 million by 2033, growing at a CAGR of 5.6% from 2023 to 2033.
Treatments for acne are associated with skin care. The definition of acne is a skin ailment or problem that arises when a hair follicle becomes clogged with oil or dead skin cells. This disorder was primarily observed in teenagers and persisted throughout maturity, mostly in women. This form of skin condition can affect any type of skin, whether it be oily or dry, on any individual or in any group of individuals.
Acne treatments include a variety of drugs, including retinoid and antibiotics. The expansion of the acne treatment market has been ascribed to a number of causes, including the increased frequency of skin diseases, aberrant changes in teen hormones, increased infrastructure investment, an increase in the number of new medicine releases and product approvals, and an increase in research expenditure by major participants in the market. Unhealthy eating habits and lifestyle choices in cities are also factors driving market expansion.
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Growth-related variables
- The unhealthful lifestyle that individuals lead contributes to the growth of the acne treatment market.
- The market for acne treatments has grown as people’s value of appearances has increased.
- The industry for acne treatments has been driven by consumers’ growing desire for skin that looks more radiant and brighter.
- The trade for acne treatments has grown as a result of the younger age group and babies having a higher prevalence of acne.
- This specific skin condition is also thought to have hereditary components, necessitating extra care.
- People have contemplated a variety of treatments, from using retinoids to having plastic surgery, in order to get the ideal skin texture.
Current Progress
- In June 2020, Bausch Health Companies Inc. established ARAZLO lotion in the US for acne vulgaris patients nine years of age and above.
- Almirall announced the release of Seysara in June 2021. It is the first oral antibiotic specifically formulated to treat acne and is derived from tetracycline. The product has its commercial foundation in the US market.
- Galderma S.A. completed the acquisition of ALASTIN Skincare, Inc. in January 2022 following federal authorities in the United States granting antitrust approval. Demand for high-quality goods has increased as a result of growing consumer interest and the growing acceptance of aesthetic skin care procedures.
Segmentations
Analysis of Market Products
The market for acne treatments is divided into four product categories: isotretinoin, retinoid, antibiotics, and others. In 2022, the Antibiotics category will hold the greatest share, approximately 37%.
The market is dominated by the antibiotics segment due to the growing acceptance of antibiotics as acne treatments and their exceptional effectiveness. Furthermore, retinoid demand and the increasing prevalence of moderate to severe acne problems are predicted to fuel retinoid’s rapid growth in the projected market.
Analysis of the Market Route of Administration
The acne treatment market is divided into three categories based on the route of administration: oral, injectable, and topical. In 2022, the Topical section will hold the highest proportion, with 33%.
The topical segment of the market is dominated by the increasing number of companies that produce conveniently accessible and pleasant topical solutions for treating acne.
Analysis of Market Age Groups
The market for acne treatments is divided into four age groups: 10 to 17 years old, 18 to 44 years old, 45 to 64 years old, and 65 years and older. In 2022, the group with ages 18 to 44 will hold the highest percentage, almost 43%.
The market is dominated by the 18 to 44-year-old age range due to a number of causes, including the increased number of patients from this group and aberrant changes in hormones that occur with age.
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Analysis of Market Distribution Channels
Hospital pharmacies, retail stores, and online pharmacies are the three categories into which the acne treatment market is divided by distribution channel. In 2022, the retail sector will hold the highest share, approximately 56%.
The market is dominated by the retail stores segment because medications, over-the-counter creams, and ointments are easily accessible. However, because medical purchases are becoming more and more convenient, the market for online pharmacies is expected to rise during the projected time.
Competitive Analysis
The Acne Treatment Market is dominated by a few large companies, such as Bausch Health Companies Inc., Galderma, Pfizer Inc., Almirall, Bayer AG, Teva Pharmaceutical Industries Ltd., GlaxoSmithKline Plc., Johnson & Johnson, Services, Inc, Skin Better Science, Revision Skincare, Glow Biotics LLC.
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