Acne Treatment Market Overview 2033
Acne Treatment Market is anticipated to reach a value of USD 11,109 million in 2023. Showing a linear trend in market expansion, it is predicted to reach a value of USD 16,890 million by 2033, growing at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2033.
Acne is characterized by inflammation involving the interplay of hair follicles, which house fine hair, and sebaceous (oil) glands. Sebaceous glands secrete sebum, which exits the skin through pores—holes in the follicles. Keratinocytes are a type of skin cell that lines the follicles. As the body sheds skin cells, keratinocytes normally migrate to the skin's surface. Keratinocytes, sebum, and hair cling to one another inside the pores of acne patients, preventing sebum from reaching the skin's surface and impeding natural shedding.
The environment that oil and cells provide is conducive to the growth of bacteria, which are normally found on the skin. Inflammation follows, marked by redness, swelling, heat, and pain; when the clogged follicle walls bursts, sebum, bacteria, and skin cells are discharged into the surrounding skin, resulting in lesions or pimples.
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Market Dynamics:
The rising incidence of acne vulgaris is driving the market for acne treatments. In addition, the market is growing due to improper hormone imbalances, sedentary lifestyles and poor eating habits, the rise of social media and brand endorsements, and the development of innovative drugs. For example, according to an article published in the Australian Journal of General Practice by the Royal Australian College of General Practitioners, it is commonly known that teenage acne affects 93.3% of people in Australia who are between the ages of 16 and 18.
Furthermore, the public's increasing knowledge of acne treatments is making it difficult to ignore the market's projected expansion in the next years. Furthermore, the target demographic's demand for these items is expected to rise due to factors like the spread of e-commerce platforms selling acne-related products, increasing internet access, and fast urban growth, especially in emerging nations. Social media is a key factor that significantly influences the market. Social media has had a significant impact on aesthetics, especially in terms of how users view and portray themselves.
Growth Factors in Acne Treatment Market:
- The unhealthful lifestyle that individuals lead contributes to the growth of the acne treatment market.
- The market for acne treatments has grown as people's value of appearances has increased.
- The market for acne treatments has been driven by consumers' growing desire for skin that looks more radiant and brighter.
- The market for acne treatments has grown as a result of the younger age group and babies having a higher prevalence of acne.
- This specific skin condition is also thought to have hereditary components, necessitating extra care.
- People have contemplated a variety of treatments, from using retinoid to having plastic surgery, in order to get the ideal skin texture.
Market Product Analysis
The retinoid has shown tremendous market demand based on its category because of its rapid demand. Nowadays, retinoid is frequently used by people to remove dust particles and excessive oil discharge from their skin that have trapped in its open pores. Because it is regarded as safe and has the fewest side effects, this technique leads the market.
The market for creams and ointments has expanded quickly due to the introduction of innovative chemical compositions by the leading companies.
Analysis of Market Age Groups
The market for acne treatments is divided into four age groups: 10 to 17 years old, 18 to 44 years old, 45 to 64 years old, and 65 years and older. In 2022, the group with ages 18 to 44 will hold the highest percentage, almost 43%.
The market is dominated by the 18 to 44-year-old age range due to a number of causes, including the increased number of patients from this group and aberrant changes in hormones that occur with age.
Market Segmentation:
By Product Type
- Retinoid
- Antibiotics
- Isotretinoin
- Others
By Route of Administration Type
- Oral
- Injectable
- Topical
By Age Group Type
- 10 to 17 Years
- 18 to 44 Years
- 45 to 64 Years
- and 65 Years Above
- By Distribution Channel
- Hospital Pharmacies
- Retail stores
- Online Pharmacies
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Market Regional Analysis:
North America dominate the Acne Treatment Market with the highest revenue generating market with share of more than 47%. The North America dominate this market due to the rising prevalence of skin problems in US, easy availability of medications, new products launch. Additionally, strong presence of market player, well developed infra structure, higher number of research favor growth of region.
Europe having the second-largest market share in Acne Treatment Market due to the rising demand for targeted medication, focus on RD on Acne Treatment found in Europe. Moreover, favorable government policies in the region significantly contribute to expand the market.
Asia-Pacific is estimated the fastest growing CAGR in Acne Treatment Market in forecasted period. This is due to increasing in healthcare expenditure and the rise in research and development activities in the pharmaceutical sector.
Key Players in the Acne Treatment Market:
- Bausch Health Companies Inc.
- Gal derma
- Pfizer Inc.
- Almira
- Bayer AG
- Teva Pharmaceutical Industries Ltd
- GlaxoSmithKline Plc
- Johnson Johnson
- Services, Inc
- Skin Better Science
- Revision Skincare
- Glow Biotics LLC.
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