Global Acne Drugs Market Size 2024, Forecast To 2033
11 Mar, 2024
The acne drugs market size has experienced consistent growth in recent years, escalating from $5.84 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The historic period's expansion can be attributed to the surge in acne prevalence, a growing population, robust economic growth, increased pharmaceutical expenditure, rising disposable income, and heightened healthcare spending. Looking ahead to 2028, the market is projected to maintain its upward trajectory, reaching $7.3 billion with a CAGR of 4.5%. Anticipated factors driving growth include accelerated economic expansion, heightened healthcare expenditure, the potential of emerging economies, a growing teenage population, and the prevalence of sedentary lifestyles. Key trends in the forecast period encompass investments in narrow spectrum antibiotics, the development of combination therapies for acne treatment, investment in cannabis products such as cannabis oil, partnerships for new drug development, and leveraging social media for acne treatment product marketing.
Global Acne Drugs Market Key Driver
The acne drug market is propelled by a significant rise in people's disposable income, a key driver for the industry. This increase is often associated with economic improvements leading to higher wages and salaries, consequently elevating healthcare expenditure. As reported by the Bureau of Economic Analysis, disposable personal income experienced a notable uptick of $7.3 billion in July 2023. The ongoing surge in disposable income and the heightened focus on facial care products expenditure are anticipated to persist, playing a crucial role in propelling the market throughout the forecast period. The market size is expected to reflect these trends, growing substantially from the current $X billion in 2023 to $Y billion in 2024 and reaching $Z billion by 2028.
Get A Free Sample Of The Global Acne Drugs Market ReportGlobal Acne Drugs Market Segments
The acne drugs market covered in this report is segmented –
1) By Type: Inflammatory Acne Drugs, Non-Inflammatory Acne Drugs
2) By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide, Other Therapeutics
3) By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Other End Users
By Geography:The regions covered in the acne drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
North America was the largest region in the acne drugs market in 2023. The Middle East is expected to be the largest growing region in the global acne drugs market during the forecast period. The regions covered in the acne drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Acne Drugs Industry Players
Johnson & Johnson, Galderma S.A., Almirall SA, Bausch Health Companies Inc., GlaxoSmithKline, Reckitt Benckiser Group, Mayne Pharma Group Limited, Allergan Plc., Cipher Pharmaceuticals, Sol Gel Advanced Topical Therapy, Pfizer Inc., Novartis AG, Merck & Co. Inc., Amgen Inc., Abbott, AstraZeneca, Eli Lilly and Company, Daiichi Sankyo Company Limited, Sinopharm Group Co. Ltd, Mylan N.V., F. Hoffmann-La Roche Ltd, Bayer AG, Teva Pharmaceutical Industries, Sun Pharmaceutical Industries Ltd., Allergan, Cipla Inc., Zydus Cadila, Otsuka Pharmaceutical Co. Ltd, Shanghai Pharmaceuticals Holding Co. Ltd, Jiangsu Hengrui Medicine, Guangzhou Baiyunshan Pharmaceutical, China Meheco Co Ltd, Huadong Medicine Co. Ltd., Pfizer Inc, Galderma S.A., Amgen Europe B.V., Roche Holding AG, Ranbaxy Laboratories, Stiefel Laboratories, BIOCAD, Zentiva (Sanofi), Gedeon Richter Plc, Polpharma SA Pharmaceutical Works, Egis Group, Dermira Inc., Bausch Health Companies Inc., Estee Lauder Inc., Nimue Skincare International.
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Acne Drugs Market Overview
Acne drugs refer to medications that aid in the treatment of acne scarring, blackheads, whiteheads, and other more severe types of the condition. It functions either by treating bacterial infections or by lowering edoema and oil production. Usually, it takes four to eight weeks before prescription acne medications start to work. Your acne might not go away completely for several months or even years.
Acne Drugs Global Market Report 2023 provides data on the global acne drugs market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The acne drugs market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.