Global Acne Treatment Market Forecast to 2030 - COVID-19 Impact and Analysis by Product (Retinoids, Antibiotics, Chemical Peels, Laser Devices, and Others); Treatment Modality (Topical and Oral); Acne Type (Non-Inflammatory Acne and Inflammatory Acne); End-user (Hospitals and Clinics); and Geography
Acne Treatment Market Overview
Acne or acne vulgaris is one of the most common skin conditions caused by changes in skin structures. It affects millions of peoples across the globe. It is characterized by pimples, blackheads, oily skin, and scarring. There are two types of acne including non-inflammatory and inflammatory, where the latter takes a longer duration to heal and can cause permanent effects on the skin. It generally affects skin with a comparatively high number of sweat glands such as the upper part of the chest, back, and face. Acne medications are drugs that are used for the treatment of acne. These include several prescriptions and over-the-counter medicines such as retinoids, isotretinoin, antibiotics, chemical peels, salicylic acid, benzoyl peroxide, laser treatment, and oral contraceptives.
Growing clinical approval of drugs for acne treatment is anticipating to drive the market growth. The increasing prevalence of the acne condition among adults as well as teenagers has caught the attention of the manufacturers, thereby boosting demand for the acne treatment market. Drug development continues to focus on the challenge of treating acne safely and effectively.
· Launch of novel acne products
The introduction of novel products is expected to have a huge impact on the acne treatment market. For instance, in March 2020, COSMEDIX a global trailblazer in skincare products, launched a Correct Rapid Relief Acne Treatment. Moreover, efficient product marketing to intrigue the target population is another significant factor augmenting the acne treatment market growth. For instance, in March 2020, the launch of Acne Ultra Clear on Amazon UK by Derma Group for acne treatment. However, the launch of a larger number of novel products for acne treatment is driving the growth of the market.
· Growing rates of skin conditions
Growth rising prevalence of skin disorders will strongly propel acne treatment market growth. Growing incidence of skin conditions such as inflammatory acne, eczema, and psoriasis results in a significant rise in the number of dermatological services. As per data from the American Association of Dermatology (AAD) in 2018, around 50 million people in the U.S. suffer from acne. In Australia, more than 4% of the population is affected by the long-term condition of acne. Thereby, the increasing rate of skin condition is significantly rising demand for acne treatment which positively impacts the growth of the acne treatment market during the forecast period 2021-2030.
COVID-19 Impact on Acne Treatment Market
The COVID-19 pandemic has largely impacted globally since December 2019. According to the latest World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak of the covid-19 pandemic has both advantages and disadvantages in all the sectors. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to a negative impact on the acne treatment market.
With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:
· Rapid shifts in top 100 companies across each sector
· Growth and decline in each sector due to COVID-19 pandemic
Acne Treatment Market Strategy
Players operating in the acne treatment market are mainly focusing on the adoption of various strategies to expand their footprint across the world and taking the initiative for the development of efficient and advanced products.
· In June 2020 - Vyome Therapeutics Inc. announced the successful phase 2 trial result for its VB 1953: acne treatment solution.
· In September 2019 - The Skincare Company announced the launch of a new line of revolutionary anti-acne products.
The acne treatment market report offers a complete overview of the industry including both qualitative and quantitative information. It offers a complete overview and forecast of the acne treatment market based on various segments. It also offers market size and forecast estimation from the year 2018 to 2030 with respect to four major regions North America, Europe, Asia-Pacific (APAC), Latin America, Middle East and Africa (LAMEA). The acne treatment market by each region is further sub-segmented across respective countries and segments. The acne treatment market report covers a complete analysis and forecast across all regions along with the current trend and opportunities happening in the region.
The report analyzes aspects that are mainly affecting the acne treatment market from both the demand and supply side and afterward estimates market dynamics affecting the acne treatment market globally over the forecast period i.e., drivers, restraints, opportunities, and future trends. The acne treatment market report also offers exhaustive PEST analysis for all four regions namely; North America, Europe, APAC, LAMEA after evaluating political, economic, social, and technological factors affecting the acne treatment market in these regions. This information can help stakeholders to make appropriate decisions before investing. The acne treatment market report also describes Porters five forces analysis which examines the five forces that make a company competitive while helping identify its strength and weakness. The acne treatment market analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the acne treatment market.
Acne Treatment Market Insights
The acne treatment market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, key financial information, SWOT analysis, NOISE analysis, improvement Venn diagram and strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. By examining the data collected from primary and secondary methods, the acne treatment market report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. The acne treatment market report also covers the investment pocket analysis for various verticals with respect to the market.
Acne Treatment Market Segmentation
Acne Treatment Market by Product
· Chemical Peels
· Laser Devices
Acne Treatment Market by Treatment Modality
Acne Treatment Market by Acne Type
· Non-Inflammatory Acne
· Inflammatory Acne
Acne Treatment Market by End-user
Acne Treatment Market by Geography
· North America
o Rest of Europe
· Asia-Pacific (APAC)
o South Korea
o Rest of APAC
o Latin America
o Middle East
2. Almirall SA
3. Bausch Health Companies Inc.
4. Bayer AG
5. Cipher Pharmaceuticals
6. Galderma S.A.
7. GlaxoSmithKline Plc. (GSK)
8. Johnson & Johnson
9. Lumenis Ltd.
10. Mayne Pharma Group Limited
11. Mylan N.V.
12. Pfizer Inc.
14. Sun Pharmaceutical Industries Limited
15. Teva Pharmaceutical Industries Ltd.
Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to acne treatment market. These strategies will help the company to make people more aware of your brand especially by targeting relevant, high-quality audiences for acne treatment market.
Key Questions Answered
· Several players are operating in the acne treatment market globally. Do you know who is leading the overall acne treatment market, and what strategies have been adopted by them?
· What are the upcoming trends in the acne treatment market? What impact would these trends make in the coming years for the acne treatment market?
Key Benefits for Stakeholders
· This study presents the analytical description of the acne treatment market analysis along with the current trends and future estimations to describe coming up investment pockets
· The complete acne treatment market opportunity is resolute by knowing profitable trends to gain a stronger foothold
· The report describes insights associated with key drivers, restraints, and opportunities of the acne treatment market with thorough impact analysis
· The current acne treatment market is quantitatively analyzed from 2018 to 2030 to focus on the monetary ability
· PEST analysis defines the potency of the consumers and suppliers in the acne treatment market
· The Porters five forces analysis examines the five forces that makes a company competitive while helping identify its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the acne treatment market
We also offer customized reports as per the requirement of clients to fulfill special requirements. We also provide regional and country reports as well.