Topical Use Acne Treatment Market 2020 (COVID-19 Impact Analysis) by Types, Risk Factor, Drivers, Market Size, Demand, Opportunities, Shares, Countries, Revenue and Forecast to 2026 | DBMR Updates

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Market Analysis: Global Topical Use Acne Treatment Market

Global Topical Use Acne Treatment Market is expected to rise from its initial estimated value of USD 5.33 billion in 2018 to an estimated value of USD 7.47 billion by 2026, registering a CAGR of 4.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising disposable income.

Key Market Competitors: Global Topical Use Acne Treatment Market

Few of the major competitors currently working in the topical use acne treatment market are Foamix Pharmaceuticals Ltd (Israel), Galderma laboratories L.P. (Switzerland), (US), ALLERGAN (Ireland), Bausch Health (Canada), Johnson & Johnson Services, Inc. (US), Cipher Systems LLC., Ranbaxy Laboratories (India), GlaxoSmithKline plc (UK), Teva Pharmaceutical Industries Ltd (Israel), Bayer AG (Germany), Dermira (US), GUTHY|RENKER (US), Reckitt Benckiser Group plc. (UK), ALLERGAN (US).

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Market Definition: Global Topical Use Acne Treatment Market

Topical use acne treatment is used to reduce the severity and frequency of acne growth. Topical treatments such as retinoid, antibiotics and dapsone are used to unblock the pores and kill the bacteria making it effective for mild and severe acne treatment.

According to American academy of dermatology, acne which is the most common skin disease affects, it affects almost 50 million Americans annually. It was found that at least 85.0% of peoples experience minor acne between the age group 12-24 years. It may occur at any stage of life and may continue in 30’s and 40’s.

Segmentation: Global Topical Use Acne Treatment Market

Topical Use Acne Treatment Market : By Drug Class

Antibiotics
Anti-Inflammatory Drugs
Antimicrobial
Combination Medications
Hormonal Agents
Oral Retinoid
Topical Retinoid

Topical Use Acne Treatment Market : By Route of Administration

Topical
Oral
By Type
Prescription
OTC

Topical Use Acne Treatment Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In March 2018, it was found out that retinoids is one of the most effective ingredients available to treat acne. It was available to consumers only by prescription but is now widely available over-the-counter.

In July 2016 the U.S. food and drug administration approved Differin Gel 0.1%, which is first in a class of drugs known as retinoids to be made available OTC for the treatment of acne, and contains the first new active ingredient for acne treatment for OTC use since the 1980s.

Topical Use Acne Treatment Market Drivers :

Rising in prevalence of acne diseases, act as a market driver.
Increase in focus on skin care products, act as a market driver.

Topical Use Acne Treatment Market Restraints :

Side effects associated with acne medications, act as market restraints.
Presence of alternatives for acne treatment, act as market restraints.

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