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Acne Vulgaris Treatment Market to Witness Huge Growth by Top Key Players are Pfizer Inc., and Novan Inc., Allergan plc, GlaxoSmithKline plc, Valeant Pharmaceutical International Inc., F.Hoffmann-La Roche AG, Mylan, N.V., Bayer AG, Janssen Pharma Inc., Gal

Acne Vulgaris Treatment Market

Acne Vulgaris Treatment Market

Female patient with polycystic ovarian syndrome and even hormonal disorders such as excess androgen production may suffer from acne as well. People with acne vulgaris are usually characterized by social withdrawal, low self-esteem, and depression with suicidal tendencies.

According to a study published in the British Journal of Dermatology in 2015, 9.4% of global population was estimated to be affected by acne. Moreover, globally, acne is the eight most prevalent disease. The U.S. is the largest market for acne vulgaris treatment products. According to study by National Institute of Health (NIH), in 2013, over US$ 3 Billion was spent for treating acne vulgaris in the U.S. In 2014, according to American Academy of Dermatology, the number of acne vulgaris patient aged 25 years and above, especially women, is rising significantly. Furthermore, low awareness regarding the factors causing acne is another factor leading to increasing prevalence acne vulgaris.

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Key Players in the Global Acne Vulgaris Treatment Market:

1 Allergan plc
2 GlaxoSmithKline
3 Valeant Pharmaceutical International
4 F.Hoffmann-La Roche AG
5 Mylan, N.V
6 Bayer AG
7 Janssen Pharma
8 Galderma
9 Pfizer
10 Novan

Treatment for acne on an average lasts for two years, therefore companies capitalize on this and earn sustainable revenue from acne treatment products. Majority of the population suffering from acne prefer OTC products as first line therapy. However, some have to visit dermatologist to cure acne vulgaris on account of ineffective result from OTC products.

Key players in the acne vulgaris treatment market are focusing on collaboration, acquisition, and new product development strategies in order to enhance their product offerings and sustaining their position in the market.

For instance, in 2017, L’Oréal — a global beauty company — signed an agreement with Valeant Pharmaceuticals International, Inc. to acquire its skin care brands portfolio which includes anti-acne brand AcneFree at US$1.3 billion. Also, in November 2017 Novan Inc., announced its plans to conduct phase three clinical trial for its new anti-acne molecule.

Novan has unique nitric oxide technology, Nitrici, through which a timed release of nitric oxide from chemical entity is possible. This is beneficial as nitric oxide has natural ability to revitalize tissue, kill invading microorganisms, prevent clotting, regulate inflammation, and even aid in removing cancer cells. Moreover, in 2017, Valeant Pharmaceuticals International, Inc. signed an agreement with Haitong International Zhonghua Finance Acquisition Fund I, L.P, to sell its Obagi Medical Products business for US$ 190 million in cash. Obagi Medical Products have high presence in acne treatment products market.

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Acne Vulgaris Treatment Market Taxonomy:

On the basis of product type
Medications
Benzoyl peroxides
Retinoids
Systemic and topical Antibiotics
Hormonal Agents
Others (Salicylic Acid, Azelic, Dapsone, and Alternative therapy)
Devices
Laser devices
Heat extraction devices
Others

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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