27-Aug-2021 | Market Research Store
Acne Drug Market By Therapeutic Class (Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide, and Others), By Formulation (Topical Medications and Oral Medications), By Type (Prescription Medicines and Over-The-Counter Medicines), and By Distribution Channel (Retail Stores, Pharmacies & Drug Stores, and E-Commerce): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report states that the global demand for acne drug market in 2020 was approximately USD 12,300.8 Million. The market is expected to grow at a CAGR of 3.6% in the forecast period of 2021 to 2026.
More than 90% of the world's population suffers from acne at some point in their lives. This includes acne of all severity levels, from minor, infrequent breakouts to severe conditions. Twenty percent of the 60 million people have acne severe enough to cause scarring on their skin. Acne medications are prescription medications used to treat acne that include prescription and over-the-counter medications such as retinoids, isotretinoin, antibiotics, salicylic acid, benzoyl peroxide, and oral contraceptives. The prescription drugs such as onexton, solodyn, and retin. A micro, as well as non-prescription drugs such as cleanser, retainers, lotions, and so on, are used for the treatment of the skin disease. The finest treatments limit bacterial growth, promote skin cell shedding to unclog pores, use the latest treatment that blocks male hormones in the skin.
The rapid economic rise has resulted in a major increase in the disposable incomes of middle-class population. People are ready to spend more money on their facial appearance as their income increases. That being the case, the acne therapeutics market is projected to increase rapidly in the forthcoming years. Moreover, the increase in the prevalence of acne diseases is a most important factor propelling the growth of the acne medication market. Also, other factors such as unhealthy urban lifestyle and the presence of potent acne medications in the pipeline are driving the acne drug market.
On the other hand, the occurrence of the side effects and alternative treatments related with the utilization of acne medications may hinder the market growth. In contrast, the improvement of effective medications and high market potential in rising economies is likely to offer growth opportunities for the acne drug market.
In terms of region, North America dominating the acne medication market due to rise in the concern for facial aesthetics, as well as increased awareness and availability of better acne treatment options, and also increases in spending on facial appearances in the America region.
Asia–Pacific is anticipated to be the fastest-growing region as a result of increasing sedentary lifestyles and unhealthy eating habits. Obesity and acne problems have increased due to eating too much fat and calories and exercising too little. However, Asia-Pacific is expected to have the highest CAGR due to rising affordability, increased healthcare spending, and increased awareness about safe acne medication products.
Major players in the acne drugs market are Teva Pharmaceutical Industries Ltd., Allergan, Galderma S.A., Johnson & Johnson Services, Inc., and Valeant Pharmaceutical International Inc.
For example, Bausch Health Companies Inc. (formerly Valeant Pharmaceuticals) is a multinational specialty pharmaceutical company that develops, manufactures and markets pharmaceutical products and branded generic drugs, primarily for skin diseases, gastrointestinal disorders, eye health and neurology. Bausch Health's main products include drugs in the fields of dermatology, neurology, and infectious disease.
Browse the full “Acne Drug Market By Therapeutic Class (Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide, and Others), By Formulation (Topical Medications and Oral Medications), By Type (Prescription Medicines and Over-The-Counter Medicines), and By Distribution Channel (Retail Stores, Pharmacies & Drug Stores, and E-Commerce): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026.” Report at https://www.marketresearchstore.com/market-insights/acne-drug-market-828622
This report segments the global acne drug market as follows:
Global Acne Drug Market: By Therapeutic Class
Global Acne Drug Market, By Formulation
Global Acne Drug Market: By Type
Global Acne Drug Market: By Distribution Channel
Global Acne Drug Market: By Regional Segmentation Analysis
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