Global Acne Drugs Market Trends And Strategies Of Major Players In The Acne Drugs Market 2021-2030
15 Feb, 2021
The acne drugs market consists of sales of prescription acne drugs (Salicylic acid, Retin-A Micro, Onexton, and Solodyn) and related OTC non-prescription products (cleansers, lotions, gels, toners, masks and pads containing acne-fighting ingredients) which are used to treat skin diseases such as acne vulgaris and acne rosacea. Based on the type of acne, this market is segmented into inflammatory acne and Non-Inflammatory acne. The market in this report does not include the sales of drugs used for Dermatitis and Psoriasis.
Global Acne Drugs Market Size And Drivers:
The global acne drugs market is expected to decline from $4.6 billion in 2019 to $3.9 billion in 2020 at a compound annual growth rate (CAGR) of -15%. The decline is mainly because of drop in sales due to the lockdown measures to contain COVID-19 spread. Apart from restricting non-emergency medical services, new rules of the governments across the globe have forced many companies in the dermatology drug market to halt their business operations which has impacted the market growth. The market is then expected to recover and grow at a CAGR of 4.3% from 2021 and reach $5.7 billion in 2023. An increase in the disposable income of people is one of the major drivers in the acne market.
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Trends In The Global Acne Drugs Market
Combination therapy is the latest trend in the acne market. Combination therapy is the process of combining two drugs with different mechanisms of action, such combinations of medication have a better efficacy and adherence when compared with monotherapy (the use of only a single drug by itself). The combination of a topical retinoid drug, which unclogs the pores, along with an antimicrobial drug, which is used to treat an infection, is being used to treat acne.
Global Acne Drugs Market Segments:
The global acne drugs market is further segmented based on type, end user, therapeutical class and geography.
By Type: Inflammatory Acne, Non-Inflammatory Acne.
By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Ambulatory Surgical Centers.
By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide.
By Geography: The global acne drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest in the global acne drug market.
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Acne Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides acne drugs market overviews, analyzes and forecasts market size and growth for the global acne drugs market, acne drugs market share, acne drugs market players, acne drugs market segments and geographies, acne drugs market’s leading competitors’ revenues, profiles and market shares. The acne drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.