The global ”Acne Treatment“ Market is expected to reach USD 7.19 billion by 2027 while exhibiting a CAGR of 4.6% between 2020 and 2027. This is attributable to increasing incidence of acne amongst the people and growing dermatology consultations across the globe. Fortune Business Insights, published this information in its latest report, titled “Acne Treatment Market Size, Share &COVID-19 Impact Analysis, By Product (Retinoids, Antibiotics, Isotretinoin, and Others), By Treatment Modality (Oral and Topical), By Age Group (10 to 17, 18 to 44, 45 to 64 and 65 Above) By Distribution Channel (Hospital pharmacies, Retail pharmacies and, E-pharmacies), and Regional Forecast, 2020-2027.” The report further mentions that the market was worth USD 5.46 billion in 2019.
Major Acne Treatment Market Key players covered in the report include:
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Global Acne Treatment Marketreport covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Acne Treatment Market Analysis 2021:
DRIVING FACTORS :
Increasing Incidence of Acne to Bolster Growth
The advent of consuming junk food and high disposable income is resulting in increasing cases of skin disorders across the globe. According to the American Academy of Dermatology (ADA), around 85% between the age group of 12 and 24 have experienced minor acne once in a lifetime. Acne incidences are rising in adults, with over 15% affected are women. The rising skin conditions such as eczema, acne, and psoriasis is driving the demand for dermatology consultations globally. The increasing cases of skin ailments are expected to drive the global acne treatment market during the forecast period.
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Competitive And Regional Analysis:
Ortho Dermatologics Launches Tazarotene Topical to Treat Acne Vulgaris
In June 2020, Ortho Dermatologics announced its launch of Tazarotene lotion 0.045% following the approval from the US Food and Drug Administration in late 2019. Tazarotene lotion 0.045% is now available across the stores in the United States for treating acne vulgaris in patients aged 9 years and older. Bill Humphries, Ortho President, said, “Ortho Dermatologics is committed to developing novel treatment options like ARAZLO that will help millions of Americans who are suffering from the inflammatory acne problems.
Key questions answered in the report:
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