Acne Treatment Market to Hit US$ 13.64 Billion By 2030, Because of the Rising Prevalence of Acne in Youngsters, says Growth Plus Reports

| Source: Growth Plus Reports Growth Plus Reports

Newark, New Castle, USA, April 19, 2023 (GLOBE NEWSWIRE) -- According to a recent Growth Plus Reports study, the Acne Treatment Market is estimated to hit US$ 13.64 billion by 2030, with a revenue CAGR of 4.60%. The study provides insights into the important strategies, drivers, opportunities, competition, market dynamics, data, forecasts, and important regions.

Key Takeaways:

  • The increasing prevalence of acne in youngsters will drive market revenue growth.
  • Increasing regulatory approval for new acne treatment drugs will support the acne treatment market's revenue growth.
  • North America dominates the global acne treatment market. 

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                                 Acne Treatment Market Scope

Report AttributeDetails
Market size value in 2021US$ 9.1 billion
Revenue forecast in 2030US$ 13.64 billion
Growth RateCAGR of 4.60% from 2022 to 2030
Base year for estimation2021
Forecast period2022-2030
Segments coveredDrug, Route of administration, distribution channel, and region.
Regional scopeNorth America, Europe, Asia Pacific, and the Rest of the World (ROW)

Market Drivers
The growth in the prevalence of acne amongst teenagers will drive the revenue growth of the acne treatment market. Furthermore, increasing R&D expenditure, growing social media influence, increasing number of authorized medications, and the launch of novel drugs are expected to boost the market revenue growth rate. Additionally, an increase in dermatologists and skin care clinics is expected to support the market's revenue growth.

Market Segmentation
Growth Plus Reports has analyzed the acne treatment market from five perspectives: Drug, Drug Type, Route of Administration, Distribution Channel, and Region.

Drug Segmentation: Based on the drug, the global acne treatment market is segmented into retinoids, antibiotics, isotretinoin, and others. The antibiotics segment accounts for the largest revenue share because of the increasing approval of antibiotic drugs for acne treatment and their high efficacy and long-term therapeutic effect.

Drug Type Segmentation: Based on the drug type, the acne treatment market is segmented into over-the-counter (OTC) and prescription. The over-the-counter (OTC) segment dominates the market because of its easy accessibility to drugs, low cost, time-saving, no need for a prescription, and high efficacy.

Route of Administration Segmentation: Based on the route of administration, the acne treatment market is segmented into oral, topical, and injectable. The topical segment dominates the market because it is a safe route with a direct site of action and a high therapeutic effect.

Distribution Channel Segmentation: Based on the distribution channel, the acne treatment market is segmented into hospital pharmacies and retail & online pharmacies. The retail & online pharmacy segment dominates the market because of the increasing number of retail & online pharmacies, ease of accessibility, and 
cost-effectiveness.

Regional Growth Dynamics
Based on the region, the acne treatment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America dominates the global acne treatment market with the largest revenue share. The region's high disposable income, rising acne treatment-approved drugs, and widespread adoption of novel treatments are attributed to its significant revenue share in the global market.  

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Competitive Landscape

The key players in the global acne treatment market are:

· Charles River Laboratories International, Inc.
· Clean Cells 
· Eurofins Scientific SE
· Kedrion S.p.A.
· Merck KGaA 
· Sartorius AG
· Texcell SA
· Vironova AB
· ViruSure GmbH 
· WuXi Biologics

The market for acne treatment is slightly competitive, with several multinational companies involved. To enhance their market position, major competitors engage in technological advancements, R&D, and mergers and acquisitions.

Recent developments:

· Glenmark Pharma, under the trade name MINYM, introduced the first topical minocycline 4% gel in India in July 2022 to treat severe to moderate acne.

· During the American Academy of Dermatology Annual Meeting in March 2022, Galderma launched TWYNEO Cream in the United States to treat facial acne, which will be commercially available in spring.

· VYNE Therapeutics, Inc. acquired two FDA-approved topical minocycline products and the molecule Stabilizing Technology (MST) Franchise to Journey Medical Corporation in January 2022. This franchise includes AMZEEQ, which is used to treat acne.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2030
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions       
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL ACNE TREATMENT MARKET - ANALYSIS & FORECAST, BY DRUG
    1. Retinoids
    2. Antibiotics
    3. Isotretinoin
    4. Others 
  6. GLOBAL ACNE TREATMENT MARKET - ANALYSIS & FORECAST, BY DRUG TYPE
    1. OTC 
    2. Prescription
  7. GLOBAL ACNE TREATMENT MARKET - ANALYSIS & FORECAST, BY ROUTE OF ADMINISTRATION
    1. Oral
    2. Topical
    3. Injectable
  8. GLOBAL ACNE TREATMENT MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
    1. Hospital Pharmacies
    2. Retail & Online Pharmacies

ACNE TREATMENT MARKET TOC

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