Acne Drugs Market with COVID-19 Impact Analysis 2020 | ALLERGAN, Galderma S.A., Valeant Pharmaceutical International Inc

Global Acne Drugs Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

The global acne drugs market was valued at about $15.45 billion in 2018 and is expected to grow to $20.48 billion at a CAGR of 7.3% through 2022.

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Key Players:

ALLERGAN, Galderma S.A., Valeant Pharmaceutical International Inc., Teva Pharmaceutical Industries Ltd., and Johnson & Johnson Services, Inc, request a sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

North America was the largest region in the acne drug market in 2018. This region is expected to remain the largest during the next five years. Among the countries, the USA acne drug market was the largest. The acne drug market in India is forecasted to register the highest CAGR during 2018-2023.

An increase in the disposable income of people is one of the major drivers in the acne market. An increase in disposable income is usually due to an improved economy leading to increased wages and salaries boosting healthcare expenditure. In 2018, Disposable Income in India increased by 13.67% when compared to 2017 i.e. from 169 million INR to 192 million INR. The rise in disposable income increased expenditure on facial care products is expected to continue, thereby driving the market in the forecast period.

Acne is a major problem worldwide, close to 90% of people suffer from some sort of acne. In America alone, close to 12 million people suffer from a severe acne problem, which can lead to scarring of the skin if left untreated, as a result, many people purchase Acne care drugs and products.

The presence of alternatives for acne treatment is one of the restraints on the acne drug market. Due to the availability of multiple alternatives, patients tend to choose one amongst many options based on price, side effects, duration, and many more. This increases the competition and hence, the competition cuts down a significant portion of business for the acne drugs market. For example, some of the alternatives for the acne treatment apart from acne drugs are Ayurveda, home remedy, laser and photodynamic therapy, and extraction of whiteheads and blackheads using special tools like needles and forceps.

Combination therapy is the latest trend in the acne market. Combination therapy is the process of combining two drugs with different mechanisms of action, such combinations of medication have better efficacy and adherence when compared with monotherapy (the use of only a single drug by itself). The combination of a topical retinoid drug, which unclogs the pores, along with an antimicrobial drug, which is used to treat an infection is being used to treat acne. Example of combination therapy includes Epiduo, Acanya, Ziana, and Benzamycin produced by Galderma, Allergan, Medicis, and Atrix respectively.

Markets Covered:

1) By Type: Inflammatory Acne, Non-Inflammatory Acne
2) By End User: Hospitals & Clinics, Pharmacies & Drug Stores, Ambulatory Surgical Centres
3) By Therapeutic Class: Retinoids, Antibiotics, Salicylic Acid, Benzoyl Peroxide

Market Segment by Regions:

Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.

The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.

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Frequently Asked Questions about “Acne Drugs market” :

What will the Acne Drugs market size/ forecast be in 2022?
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What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Acne Drugs market?
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Which is the highest growing region or country for the Acne Drugs market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours. 

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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This release was published on openPR.