Acne, also known as acne vulgaris, is a skin condition characterized by marks on the face which are caused due to clogging of hair follicles with oil or dead cells. The condition can persist after treatment and found in areas with large number of oil glands. The global acne treatment market report by Market Research Future (MRFR) contains drivers, opportunities, and challenges compiled with a combination of primary and secondary research.
Acne Treatment Market Outlook
Global acne treatment market size is poised to reach a stellar size by 2023. It can exhibit a CAGR of 5.3% from 2017 to 2023 (forecast period). Increasing prevalence of acne and the continuously growing teen population are factors which can augment the growth of the market till the end of the forecast period. According to the Acne and Rosacea Society of Canada, acne affected close to 90% of teens in 2016. Awareness of the affliction and availability of treatments can encourage the market.
Cosmetic procedures and emphasis on external appearances by people globally can drive the need for acne treatment in the coming years. As per the American Society for Aesthetic Plastic Surgery, Americans spent close to USD 13.5 billion on cosmetic procedures to enhance their appearance. The massive demand for minimally invasive cosmetic treatment procedures as well as prescription of topical solutions for treatment of acne can spur the market demand. Preference of laser treatments for permanent removal of acne can balloon the market size.
High cost of procedures such as microdermabrasion and cases of reactions from non-prescription acne treatment products can pose a challenge to the market.
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Acne Treatment Market Competitive Analysis
Major industry participants in the global acne treatment market include
- Bayer AG
- GlaxoSmithKline Plc.
- Teva Pharmaceutical Industries Ltd.
- Valeant
- Stiefel Laboratories Inc.
- Johnson & Johnson Services Inc.
- Galderma S.A.
- Roche Holding AG
- ALLERGAN
Acne Treatment Market Segmentation Analysis
The global acne treatment market is segmented by type, treatment, treatment modality, and end-users.
By type, it is segmented into cystic acne, post surgical/wound acne, inflammatory acne, comedonal acne, and others.
By treatment, it is segmented into medication, therapeutic devices, and others. Medication is further segmented into antibiotics, retinoid, and others. Dermabradors, microdermabrader, lasers, and others are segments within therapeutic devices.
By treatment modality, it is segmented into injectable, topical, and oral.
By end-users, it is segmented into ambulatory surgical centers, pharmacies & drug stores, hospitals & clinics, and others.
Acne Treatment Market Regional Analysis
Asia Pacific (APAC), the Americas, Europe, and the Middle East & Africa (MEA) are regions taken into consideration in the compilation of the global acne treatment market report.
The Americas held the highest market share in 2016 and will continue to dominate till the end of the forecast period due to the large patient pool and a well-developed healthcare sector. Changing lifestyles, eating patterns, and large cosmetic expenditures are other major drivers of the market.
Europe has assumed the second position in the global acne treatment market due to the large teen population, huge patient pool for cosmetic procedures, and availability of capital for research and development. Rise in disposable income levels and awareness of the latest trends of acne treatment can drive the regional demand.
The APAC acne treatment market can enjoy a rapid pace, growth-wise, due to continuously developed economies of China and India and rising prevalence of acne. Lastly, the MEA region has the lowest market share due to a paucity of healthcare services, skilled personnel, stringent government policies, and presence of economies with poorly developed healthcare infrastructure. Kuwait, Dubai, and Saudi Arabia are countries which can contribute to the global market revenue.
Acne Treatment Industry News
Studies undertaken by private institutes have highlighted the use of cannabidiol (CBD) oil in treating spots caused by acne. It can be used in controlling sebaceous area of the face and adjust the level of sebum production. Anti-inflammatory properties of CBD can reduce the amount of cytokines as well as reduce infections from dirt and other contaminants.
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