Acne Treatment Market Analysis by Route of Administration (Oral, Injectable, and Topical); by End User (Dermatology Clinics, Hospitals & Clinics, MedSpas, and Others); and by Product (Devices, and Therapeutic Treatment)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
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Product Code:
RP-ID-10352509 -
Published Date:
16 Nov 2022 -
Region:
Global
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Category:
FMCG & Food -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Acne Treatment Market Scope Report
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
~5% |
Base Year Market Size (2022) |
~ USD 9.0 Billion |
Forecast Year Market Size (2035) |
~ USD 16.0 Billion |
Global Acne Treatment Market Highlights Over 2023 - 2035
The global acne treatment market is estimated to garner a revenue of USD 16.0 Billion by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 9.0 Billion in the year 2022. The growth of the market can be attributed to the increasing adoption of unhealthy food habits. As per the statistics reported, more than 90 per cent of the children eat packaged more than once in a week in India.
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Acne treatment refers to a treatment that works to dry up the excess oil and clear away bacteria that leads to acne. There are majorly two types of products that are used for acne treatment such as devices in the form of lasers or radio frequency devices, and therapeutic treatment in the form of antibiotics, chemical peels, and others. Therefore, an increasing demand for chemical peel is anticipated to surge the growth of the global acne treatment market. As per the data stated, Vietnam accounted for more than 450 shipments of chemical peels in relation to the import as of September 2022
Global Acne Treatment Market: Growth Drivers and Challenges
Growth Drivers
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High Prevalence of People Suffering from Acne – There are a large number of people that are suffering from acne around the globe, and it is projected to boost the growth of the global acne treatment market. More than 40 Million people are affected annually from acne across the globe every year
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Surging Influence of Social Media – More than 35 per cent of the buyers find out new cosmetic products through social media marketing and advertising.
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Growth of Skincare Industry- According to the data reported, there has been an increase in the sale of skincare products by more than 10 per cent in China on yearly basis.
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Increasing Spending on Skincare- More than USD 150 Million women are using beauty products every day in the United States.
Challenges
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Lack of Professional for the Treatment of Acne
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Safety Issues Related to Products
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High Cost for the Acne Treatment
The global acne treatment market is segmented and analyzed for demand and supply by end user into dermatology clinics, hospitals & clinics, medSpas, and others. Out of these, the medSpas segment is anticipated to hold the largest share over the forecast period owing to the growing acceptance of new acne treatment among the people in the form of chemical peel, and scrub that provides relief to them instantly as compared to the dependence on medicine. Moreover, there has been an increase in the number of medSpas for the skin treatment around the globe. In the United States, there are more than 19,000 health and wellness enterprises as of 2022.
Global Acne Treatment Market Regional Synopsis
Regionally, the global acne treatment market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 on the back of increasing number of people suffering from acne problems in the countries such as United States. Moreover, there are different organizations launching new products with better benefits for the instant treatment. As per the Centers for Disease and Control, more than 35 per cent of the children and adolescents during 2015-2018 consumed fast food on any given day.
Furthermore, the market in the Asia Pacific region is estimated to witness growth over the forecast period owing to the high prevalence of acne issues followed by the surge in the population percentage among the countries such as India, and China. Moreover, there has been a great importance given to the appearance of person’s skin that is further expected to boost the growth of the market in the region. For instance, acne vulgaris affects more than 80 per cent of adolescents and two third of adults aged 18 and older.
Market Segmentation
Our in-depth analysis of the global acne treatment market includes the following segments:
By Route of Administration |
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By End User |
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By Product |
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Key Companies Dominating the Global Acne Treatment Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global acne treatment market that are included in our report are GlaxoSmithKline plc, Revision Skincare, Candela Corporation, LEO Pharma A/s, Teva Pharmaceuticals Industries Ltd., Galderma SA, Vyne Therapeutics Inc., THG Beauty Limited, F. Hoffmann-La Roche Ltd, Almirall, S.A, and others.
Global Acne Treatment Market: Latest Developments
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August, 2022: Galderma SA, announced the launch of Twyneo the only first benzoyl peroxide and tretinoin combination for the treatment of severe-to-moderate acne.
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June, 2021: Almirall, S.A announced the FDA approval received in order to produce Seysara at the Sant Andreu de la Barca plant for the treatment of inflammatory lesions of moderate to severe nonnodular acne vulgaris.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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FREQUENTLY ASKED QUESTIONS
Increasing spending on skincare, surging influence of social media, and high prevalence of people suffering from acne
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.
Lack of professional for the treatment of acne, safety issues related to products, and high cost for the acne treatment
Which region will provide more business opportunities for growth of acne treatment market in future?
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are GlaxoSmithKline plc, Revision Skincare, Candela Corporation, LEO Pharma A/s, Teva Pharmaceuticals Industries Ltd., Galderma SA, Vyne Therapeutics Inc., THG Beauty Limited, F. Hoffmann-La Roche Ltd, Almirall, S.A, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by end user, route of administration, product, and by region.
The medspas segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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- GlaxoSmithKline plc
- Revision Skincare,
- Candela Corporation,
- LEO Pharma A/s
- Teva Pharmaceuticals Industries Ltd.
- Galderma SA,
- Vyne Therapeutics Inc.
- THG Beauty Limited
- F. Hoffmann-La Roche Ltd
- Almirall S.A