New York, March 27, 2023 (GLOBE NEWSWIRE) -- The global Acne Treatment Market is currently valued at around US$ 6.5 Billion in 2022, Sales of the market are set to witness growth at a CAGR of 5.8% and be valued at around US$ 12.0 Billion by 2033. The global Acne Treatment Market is segmented into product type, mode of administration, and region. The product type segment is further divided into antibiotics, retinoids, hormonal agents, and others. The mode of administration segment is categorized into topical, oral, and injectable.
The increasing prevalence of acne, the rise in the number of people suffering from hormonal disorders, and the growing demand for effective acne treatment products are driving the growth of the market. Moreover, the growing awareness about the availability of acne treatment products and the increasing disposable income of individuals are also propelling market growth.
The global Acne Treatment Market is expected to experience significant growth over the forecast period. Acne is a common skin condition that occurs when hair follicles become clogged with oil and dead skin cells. The condition can affect individuals of all ages, but it is most common in teenagers. The market for acne treatment is expected to grow due to the increasing prevalence of acne and the rising demand for acne treatment products.
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Acne Treatment Market Trend
The Acne Treatment Market is experiencing several trends that are shaping the industry. Here are some of the top trends in the market:
- Increase in Demand for Natural and Organic Products: There is a growing trend towards using natural and organic products for treating acne. Consumers are becoming more conscious about the ingredients used in acne treatment products and are looking for safer and more natural alternatives.
- Growth in Online Sales: Online sales of acne treatment products are increasing rapidly. Consumers are turning to e-commerce platforms for purchasing products due to the convenience and the availability of a wide range of products.
- Advances in Technology: There has been significant progress in the development of technology-based acne treatment products such as laser therapy and light therapy. These treatments offer a non-invasive alternative to traditional acne treatment methods and are gaining popularity among consumers.
- Increased Focus on Combination Therapies: There is a growing trend towards combining multiple acne treatment products for better results. Combination therapies are becoming more popular as they provide a more comprehensive approach to treating acne.
- Rise in Demand for Personalized Treatments: Consumers are increasingly looking for personalized acne treatment solutions that are tailored to their specific needs. This trend is driving the development of customized treatment plans and products that cater to individual requirements.
Market Key Players-
The key players operating in the global Acne Treatment Market include Bausch Health Companies Inc., Galderma S.A., Lumenis Ltd, Alma Lasers, Sisram Medical Company, Cutera Inc., Almirall, S.A, Johnson & Johnson Services Inc., Teva Pharmaceutical Industries Ltd., Stiefel Laboratories, GSK Company, Candela Medical. These players are focusing on strategies such as product innovation, mergers, and acquisitions to strengthen their market position.
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Competition Landscape
Key instances include:
- In March 2022, The first FDA-approved, dermatologically proven consumer acne drug, Differin, from Galderma Laboratories, L.P., launched a digital and audio advertising campaign that resulted in a strategic alliance with Acast Creative.
- in Dec 2020, Takami Co., a Japanese business, will be acquired by L'Oréal, according to the announcement. Takami is a well-known skin care brand in Japan.
Acne Treatment Market Segmentations
The Acne Treatment Market can be segmented based on various factors, including treatment type, acne type, end-user, and geography. Here are some common segmentations used in the market:
- Treatment Type: Topical Therapy, Systemic Therapy, Others (Laser Therapy, Light Therapy, , Chemical Peels, etc.)
- Acne Type: Non-Inflammatory Acne (Whiteheads, Blackheads), Inflammatory Acne (Papules, Pustules, Nodules), Cystic Acne
- End-User: Hospitals and Clinics, Dermatology Centers, Homecare Settings, Others
- Geography: North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East & Africa
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