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Rising Cases of Acne Boosting Professional Acne Treatment Market Growth

09-06-2021 05:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Factor such as the rising cases of acne, surging adoption of acne treatments, growing healthcare spending, increasing disposable income, sedentary lifestyle, strong product pipeline, and mounting number of research programs are expected to propel the professional acne treatment market at a CAGR of 7.6% during 2020–2030. According to P&S Intelligence, the market size is expected to reach $13,124.5 million by 2030 from $6,298.9 million in 2020. Moreover, the market is observing the rising number of product launches and research and development (R&D) activities.

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The acne type segment of the professional acne treatment market is classified into inflammatory and non-inflammatory. Out of these, the inflammatory category accounted for the larger market share in 2020, and it is projected to dominate the market during the foreseeable as well. This is primarily ascribed to the prompt need for the effective treatment of inflammatory acne, as it is generally painful. Additionally, the ineffectiveness of common OTC treatments, such as salicylic acid and benzoyl-peroxide-based products, and easy availability of branded and generic drugs are driving the market growth in this category.

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Geographically, North America accounted for the largest share in the professional acne treatment market in 2020. This was due to the increase in the incidence of acne, surge in the awareness on advanced acne treatment products, large pipeline of drugs, presence of several key players, and high disposable income in the region. Whereas, the Asia-Pacific (APAC) market is projected to record the fastest growth in the coming years owing to the rising per capita income leading to the higher acceptance of acne treatment products, surging awareness on improved appearance, and reducing costs of laser treatments and devices in the region.

Thus, the surging incidence of acne and the increasing healthcare spending are expected to drive the market growth in the coming years.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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