the acne treatment market was rated at $5,383.05 million in 2019 and should register a CAGR of 5.03% during the forecast period from 2020 to 2027.
Acne treatment involves the use of a variety of medications and ointments to lighten the tone of the affected areas. A well-balanced diet is also an essential aspect of acne treatment and has contributed significantly to the expansion of the acne treatment industry. Additionally, the growing need for better acne treatments has led to large investments in the acne treatment industry.
Factors such as increased incidence of acne vulgaris in adolescents and adults, increase in sedentary lifestyles and poor dietary habits, and growing desire for less invasive cosmetic treatment techniques have increased the demand and stimulated market expansion.
The demand for less invasive cosmetic treatment methods is skyrocketing across the globe. Rather than surgery, dermatologists seek to treat skin problems using topical treatments or less invasive techniques. More informed decision-making, improved patient-doctor interactions, and well-documented procedures are increasing the demand for treatments for face and skin problems. As a result, various less painful cosmetic combination treatment techniques are becoming increasingly popular.
However, concerns over the safety of drugs used to treat acne are stifling market expansion. The rapid expansion of COVID-19 is now impacting a variety of businesses and markets. COVID-19 has caused healthcare organizations to adopt a variety of non-traditional business structures. The need for rapid movement in the research and manufacture of many medical products that are essential in times of disaster has been underscored by changing demands.
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The major market players are GlaxoSmithKline plc (UK), Almirall, SA (Spain), Galderma Laboratories LP (USA), F. Hoffman La Roche Ltd. (Switzerland), Bausch Health Companies Inc. (Canada), Leo Pharma A /S (Denmark), Johnson & Johnson Services Inc. (USA), Teva Pharmaceutical Industries Ltd. (Israel), Candela Corporation (USA) and Vyne Therapeutics Inc. (USA).
The acne treatment market has been segmented into four categories: type of acne, treatment, type of drug, mode of administration and end user.
Moderate acne, mild acne and moderate to severe acne are the different types of acne.
The acne treatment market is divided into pharmaceutical and therapy-based therapeutic devices.
Acne treatment market has been bifurcated into over-the-counter and prescription segments based on drug type
The acne treatment market is divided into hospitals and clinics and specialty centers based on the end user.
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The global acne treatment market has been segmented into four regions: Americas, Europe, Asia-Pacific, Middle East and Africa.
In 2019, the Americas dominated the acne treatment market, and this trend is expected to continue over the research period. This is due to the high incidence of acne and skin diseases in this region, as well as product launches and technical innovation.
Due to the companies’ organic growth strategies and a well-developed medical industry in the region, Europe held the second place in the acne treatment market in 2019. The expansion of the acne treatment market acne in the region is powered by key players. focus on new product development and launches. Companies can use these organic growth tactics to increase their position in the European market.
During the projected period of 2020 to 2027, Asia-Pacific is expected to grow at the fastest rate. The high incidence of acne, greater government initiative and the existence of a large number of pharmaceutical companies contribute to this. The numerous attempts by the government to promote the healthcare sector are also supporting the growth of the market in the region. Moreover, as middle-class families, who constitute a large portion of the Asian population, increase their disposable income, they spend more on health, which fuels the development of the acne treatment market in the region.
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