Market Research Report
Acne Therapeutics Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||391484|
|Published||Content info||118 Pages
Delivery time: 2-3 business days
|Acne Therapeutics Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: February 1, 2019||Content info: 118 Pages||
The key factors propelling the growth of the acne therapeutics market are increasing sedentary lifestyles and unhealthy lifestyles, the rise in disposable income of consumers, increasing awareness about upcoming trends in acne treatments, and high prevalence of acne, globally.
The diet and nutrient intake determine the overall health of an individual. The food that is high in refined carbohydrates increases insulin, which results in hormonal problems, promoting acne formation.
More than 90% of the world's population is found to be affected by acne at some point in their life. In the United States, there are 60 million suffering from acne problems. This includes all grades of acne, from the mild, occasional breakout to more severe conditions. Of the 60 million, 20% have some form of acne bad enough that it results in scarring of the skin. Therefore, there is an increasing adoption of acne cure products, which helps in driving the overall market.
In addition, rapid economic growth has also led to a substantial increase in the disposable incomes of middle-class people. With this increasing income, people are ready to spend more on their facial looks. Thus, the market for acne therapeutics is projected to grow rapidly over the forecast period.
As per the scope of the report, acne is a chronic inflammatory skin disease commonly affecting the adolescent and adult populations. Abnormal hormone production is found to be the key causative factor. The increasing use of acne medications is being indicated for its treatment. These include several prescriptions and over-the-counter medicines, such as retinoids, isotretinoin, antibiotics, salicylic acid, benzoyl peroxide, and oral contraceptives, among others. However, the development of effective therapeutics, with lesser side effects and high potential in untapped markets, is expected to provide growth opportunities to the overall market.
Topical is the Segment Under Administration that is Expected to Grow the Fastest
The utilization rate of topical medications for acne treatment is high, owing to the high availability of these acne products, with a high success rate and lesser side effects. These agents are directly applied on the skin and need to be used continuously for longer periods of time, from several weeks to months, to get effective result. Therefore, the preference for topical treatment is more, as compared to the oral mode of therapeutic administration. These oral medications are recommended as systemic therapies, after topical treatments fail to evoke a response.
Asia-Pacific Holds the Fastest Growth and is Expected to follow the Same Trend over the Forecast Period
Asia-Pacific is expected to be the fastest-growing region, due to increasing sedentary lifestyles and unhealthy food habits. Prosperity and a faster pace of life have changed the Chinese eating habits. Eating too much with high amounts of fat and calories and exercising less have led to an increase in obesity and acne problems. However, Asia-Pacific is expected to register the highest CAGR, due to the increase in affordability, surge in healthcare expenditure, and rise in awareness about safe acne medication products.
There are many players in the market coming up with new products for acne treatment. Allergan PLC, Valeant Pharmaceutical International Inc., Bayer AG, and Galderma (Nestle Skin Health) are some of the major players in the acne therapeutics market.